Ethereum spot ETFs experienced a significant net outflow of $104 million on May 7, according to SoSoValue data. Fidelity's FETH led the outflows with $62.26 million, bringing its total historical net inflow to $2.257 billion. BlackRock's ETHA followed with a $26.31 million outflow, with its total historical net inflow now at $91.60 million.
As of the latest data, the total net asset value of Ethereum spot ETFs stands at $13.595 billion, representing 4.94% of Ethereum's total market capitalization. Cumulative net inflows to date have reached $12.083 billion.
Ethereum Spot ETFs See $104 Million Net Outflow on May 7
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