U.S. spot Ethereum ETFs recorded $86.31 million in net outflows on May 18, indicating a day of investor withdrawals from exchange-traded funds that hold Ethereum directly. BlackRock’s ETHA saw the largest outflow at $55.40 million, followed by Fidelity’s FETH with $14.70 million. Despite the daily pullback, the category still held $12.20 billion in total net assets and $11.75 billion in cumulative net inflows, showing that the products have continued to attract substantial capital overall.