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U.S. Spot Ethereum ETFs Draw $104 Million in Net Outflows on May 7

U.S. spot Ethereum ETFs reversed the prior day’s gains as Fidelity’s FETH and BlackRock’s ETHA led withdrawals, while total net assets fell to $13.595 billion.

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Summary

U.S. spot Ethereum ETFs recorded $104 million in net outflows on May 7, a sharp reversal from the $11.57 million in net inflows reported on May 6. Fidelity’s FETH led the day’s withdrawals with $62.26 million in net outflows, followed by BlackRock’s ETHA at $26.31 million. Total net assets across U.S. spot Ethereum ETFs stood at $13.595 billion, while cumulative net inflows reached $12.083 billion.

Terms & Concepts
  • Spot Ethereum ETF: An exchange-traded fund that tracks the market price of Ethereum and lets investors gain exposure without directly holding the cryptocurrency.
  • Net outflows: The net amount of money leaving an investment product after accounting for subscriptions and redemptions over a given period.
  • Net assets: The total value of assets held by a fund after liabilities, commonly used as a measure of a fund’s size.