According to CoinMeta, as of July 28, the US-listed cryptocurrency ETF was under pressure, with bitcoin funds experiencing continued outflows over four trading days, and investors withdrew approximately $49.8 million in the latest round. Despite attracting nearly $1 billion in funds during the previous seven consecutive inflow trading days, this outflow indicates that institutional demand is sensitive to weak prices. According to Sosovalue data, bitcoin ETF lost about $526 million over four trading days, with outflows on July 23 and 24 reaching $225 million and $240 million respectively. Nevertheless, as of July 28, the cumulative net inflow was still close to $51.3 billion, and the total net assets of BTC crypto ETF were approximately $77.2 billion.