Ethereum Spot ETF has seen net outflows for three consecutive days, with a net outflow of 16.11 million USD on May 8.

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PANews, May 9 - According to SoSoValue data, on May 8, Eastern Time, the total net outflow of Ethereum Spot ETF was $16.1138 million, marking three consecutive days of net outflow. The Grayscale Mini Trust ETH ETF saw a net inflow of $3.1893 million on that day, making it the product with the highest inflow, with a cumulative net inflow of $620 million; Fidelity’s FETH experienced a net outflow of $19.3031 million, being the ETF with the highest outflow that day, with a cumulative net inflow of $1.427 billion. As of now, the total net asset value of the ETH Spot ETF is $7.219 billion, accounting for approximately 2.74% of the total market capitalization of ETH.

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