BlockBeats News, July 30th, according to Vanda Research data, retail investors recorded the largest single-day net selling of individual stocks since the market crash triggered by the COVID-19 pandemic in March 2020. However, funds did not exit the stock market but instead saw net inflows into the Roundhill Memory ETF, indicating that investors are shifting from individual stocks to ETFs to reduce risk.

Vanda Research's Global Macro Strategist, Viraj Patel, stated that this record net selling was mainly focused on a few individual stocks rather than seeing a massive outflow from the overall market. This reflects that current retail investors are becoming more cautious and selective, rather than entirely turning bearish on the market.