Ethereum Spot ETFs See Significant Outflow on May 7

On May 7th, a substantial outflow was observed in Ethereum spot exchange-traded funds (ETFs), according to data from SoSoValue. The total net outflow amounted to $21.77 million across all nine products, with none experiencing positive inflows during the day. Notably, BlackRock’s ETHA product saw a single-day outflow of $21.77 million. Currently, the combined net asset value of Ethereum spot ETFs stands at $6.197 billion, representing 2.85% of the entire Ethereum market capitalization. This reflects a cumulative inflow exceeding $2.468 billion thus far.