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According to SoSoValue data, spot Bitcoin ETFs recorded $49.7544 million in net outflows on July 28 (ET), marking the fourth consecutive day of net outflows. Spot Ethereum ETFs saw $14.53 million in net inflows. In addition, Morgan Stanley Ethereum Trust (MSSE) officially began

Spot Bitcoin ETFs had $49.7544 million of net outflows on July 28, the fourth day in a row, while spot Ethereum ETFs recorded $14.53 million of net inflows and the Morgan Stanley Ethereum Trust officially launched.

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What happened

Spot Bitcoin ETFs had $49.7544 million of net outflows on July 28, the fourth day in a row, while spot Ethereum ETFs recorded $14.53 million of net inflows and the Morgan Stanley Ethereum Trust officially launched.

Confirmed

Global impact / market context

The Bitcoin outflows may hint at reduced short‑term interest in Bitcoin, potentially lowering its price, while Ethereum inflows and a new trust give investors a regulated way to gain Ethereum exposure, possibly boosting demand.

Analyst inference

These flows happen while crypto markets stay volatile and regulators discuss rules for digital assets, which can shape investor confidence and affect how much money flows into crypto‑linked funds.

Analyst inference

What to watch

  1. If Bitcoin ETF outflows keep rising, it could signal weaker demand for Bitcoin exposure and put downward pressure on Bitcoin prices. Proposed
  2. The pace of inflows into Ethereum ETFs and the new Morgan Stanley trust will show how strongly investors want regulated Ethereum products. Proposed
  3. Any regulatory changes to crypto ETFs could either broaden or limit the ability of funds to attract capital, influencing future flow trends. Proposed

Affected assets

  • BTC — Bitcoin
  • ETH — Ethereum

Evidence