U.S. spot Ethereum ETFs saw a combined net outflow of $28.14 million on May 20, indicating a day of net investor withdrawals from the products. BlackRock’s ETHB led inflows with $4.39 million, but that was outweighed by a $30.94 million outflow from BlackRock’s ETHA, the largest single-fund decline reported for the day. Despite the daily outflow, the category’s total net assets remained at $12.24 billion and cumulative net inflows reached $11.66 billion, showing that spot Ethereum ETF products still hold substantial investor capital overall.