Ethereum ETFs Experience Outflow as Assets Decline Despite Daily Gains

Ethereum-focused Exchange Traded Funds (ETFs) witnessed significant price surges on May 8th, with daily increases exceeding 8.8% for seven out of eight products. Yet, these gains were accompanied by substantial outflows, resulting in a decrease of $16.11 million in total net inflow according to data from SoSoValue. This decline contributed to a reduction in the total assets held within Ethereum ETFs as they reached $7.22 billion. BlackRock’s ETHA, the dominant ETF with $2.60 billion in assets, led the market with an impressive 8.84% daily increase. Notably, FETH from Fidelity saw a sharp outflow of $19.30 million despite its 8.87% price surge.