[Data: Retail investors' single-day net selling of individual stocks hits a new high since the 2020 pandemic, funds shift to ETFs for risk aversion] BlockBeats News, July 30 — According to data from Vanda Research, 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 on Tuesday. However, funds did not exit the stock market entirely but instead showed a simultaneous net purchase of the Roundhill Memory ETF, indicating that investors are shifting from individual stocks to ETF allocations to mitigate risk. Vanda Research global macro strategist Viraj Patel stated that this record-breaking net selling was primarily concentrated on a few individual stocks rather than a broad-based outflow from the market, reflecting that current retail investors are becoming more cautious and selective rather than turning outright bearish on the market. [Original link]