Ethereum Spot ETFs See $87.7 Million Outflow, Third Consecutive Day of Declines

Ethereum spot ETFs experienced a net outflow of $87.7 million on April 29, marking the third consecutive day of withdrawals. Fidelity's FETH led the outflows with $48.4 million, while BlackRock's ETHA followed with $37.1 million. Despite these outflows, FETH has accumulated $2.241 billion in net inflows to date, whereas ETHA has seen a cumulative net outflow of $926.985 million. The total net asset value of Ethereum spot ETFs currently stands at $13.096 billion, with a net asset ratio of 4.84% relative to Ethereum's total market capitalization. Since inception, these ETFs have recorded cumulative net inflows of $11.939 billion.