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📉 [Ethereum Spot ETF Net Outflow – May 8 Recap]
On May 8 (EST), Ethereum spot ETFs saw a net outflow of $16.11M, indicating bearish sentiment.
🏆 Top Inflow:
Grayscale Mini ETH Trust (ETH): +$3.19M
📉 Largest Outflow:
Fidelity FETH: -$19.30M (though total historical inflow still at $1.427B)
📊 Total AUM: $7.219B
🔗 ETF market cap ratio vs ETH: 2.74%
📌 Cumulative net inflow: $2.452B
Outflows suggest weakening confidence — is ETH losing steam short-term? 🧐
#EthereumETF # ETH