Bitcoin ETF Outflows Extend to Fourth Straight Day as Ethereum ETFs See $14.53M Inflows

U.S. spot Bitcoin exchange-traded funds (ETFs) posted net outflows of $49.7544 million on July 28, extending their withdrawal streak to a fourth consecutive trading session, according to data from SoSoValue. 

In contrast, spot Ethereum ETFs continued to draw investor interest, recording $14.53 million in net inflows during the same period.

The diverging fund flows came as the cryptocurrency market showed mixed price performance. Bitcoin traded at $64,415, down 2.4% over the past seven days, while Ethereum changed hands at $1,916, remaining broadly unchanged over the same period. 

Separately, Morgan Stanley Ethereum Trust (MSSE) officially commenced trading on NYSE Arca, marking another development in the expanding market for Ethereum-focused investment products.

Source: SoSoValue