Ethereum Spot ETF Sees Net Outflow for Three Consecutive Days, with $16.11 Million on May 8

According to SoSoValue data, on May 8th Eastern Time, the Ethereum spot ETF had a total net outflow of $16.1138 million in a single day, marking the third consecutive day of net outflows. The Grayscale Mini Trust ETH ETF saw a net inflow of $3.1893 million on the same day, making it the product with the highest inflow, with a cumulative net inflow of $620 million. Meanwhile, Fidelity's FETH experienced a net outflow of $19.3031 million, the largest outflow among ETFs for the day, with a current cumulative net inflow of $1.427 billion. As of now, the total net asset value of ETH spot ETFs is $7.219 billion, accounting for approximately 2.74% of ETH's total market value.