Ethereum Spot ETF Outflows Surge Last Week

Ethereum spot exchange-traded funds (ETFs) experienced significant outflows last week, according to data from SoSoValue. The largest outflow was recorded with Fidelity’s FETH ETF, totaling $37.17 million, compared to its historic net inflow of $1.43 billion. Meanwhile, BlackRock’s ETHA ETF saw a net outflow of $4.17 million, while Grayscale’s ETH Trust ETF saw a net inflow of $3.19 million. This week the total net asset value for Ethereum spot ETFs remains at $8.03 billion, representing 2.84% of the overall market capitalization.