According to SoSoValue, Ethereum spot ETFs also posted net redemptions on May 20, with $28.14 million in outflows and an eight-day streak of withdrawals.
Bitcoin spot ETFs recorded total net outflows of $70.47 million on May 20, according to SoSoValue, extending their run of withdrawals to four consecutive trading days. Ethereum spot ETFs also saw net outflows, losing $28.14 million and marking eight straight days of redemptions. Net outflows indicate that more capital left these exchange-traded funds than entered them during the session, a sign of weaker short-term investor demand for regulated crypto investment products.