Ether ETFs took in $14.53 million on July 28 while bitcoin funds shed $49.75 million, a fourth consecutive session of outflows. Morgan Stanley's staking-enabled MSSE drew $5.15 million on its debut, and solana products booked their second-largest withdrawal since launch.
Institutional crypto demand split further on Tuesday, July 28. Ether exchange-traded funds collected $14.53 million in net inflows, building on Monday's gains, while bitcoin funds extended a losing streak and solana suffered one of its weakest sessions to date.
Three funds carry the ether inflow
Ether ETF inflows spread across three products. Blackrock's ETHB led with $5.91 million, Morgan Stanley's newly launched staking-enabled MSSE attracted $5.15 million, and Blackrock's ETHA added $3.47 million.
Together the three produced the $14.53 million net inflow. Total trading value across ether funds reached $633.51 million, and combined net assets closed at $10.50 billion.
Blackrock's IBIT accounts for the bitcoin exit
Bitcoin ETFs moved the opposite way for a fourth consecutive session. Blackrock's IBIT posted a $54.83 million withdrawal, accounting for all of the category's gross outflows, while Grayscale's Bitcoin Mini Trust partly offset the loss with a $5.08 million inflow.
That left the group with a net withdrawal of $49.75 million on trading value of $1.40 billion. Total net assets fell to $77.23 billion, down from $78.71 billion a day earlier.
The muted fund-level activity suggests the retreat was concentrated rather than marketwide. Still, four straight days of withdrawals point to weaker near-term demand for the largest crypto asset.
Solana books its second-largest withdrawal
Solana ETFs recorded an $18.07 million net outflow, the second-largest daily withdrawal since the products launched, with most of the selling concentrated in Bitwise's BSOL. Trading value for the funds rose to $78.76 million while net assets dropped to $851.84 million.
XRP ETFs reported no net flows, yet combined assets declined to $971.57 million, slipping below the $1 billion level. HYPE funds also posted a fourth straight day of withdrawals, with Bitwise's BHYP losing $1.24 million and category net assets falling to $269.40 million.
Grayscale Research said HYPE exchange-traded product flows have grown quickly relative to the token's market value and remain ahead of bitcoin, solana and XRP at comparable stages of their ETF lifecycles. Tuesday's data instead showed a market becoming more selective, with ether attracting capital while bitcoin, solana and HYPE products absorbed fresh selling.
Source: Bitcoin News
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