Cryptocurrency Market Report: Large Outflows from Ethereum ETF
On May 7, according to data from SoSoValue, Ethereum ETF (ETH) funds experienced a net outflow of up to $21.7739 million. Notably, none of the nine ETFs recorded positive inflows. BlackRock’s ETHA was the most affected product with a single-day outflow reaching $21.7739 million.
Currently, the total net asset value of ETH ETF funds is $6.197 billion, accounting for 2.85% of the total market value of ETH. Notably, the historical net inflow of these ETFs reached $2.468 billion.
Investment Warning Information
This data is for informational purposes only and is not investment advice. Investors should exercise caution and assess their own evaluation when participating in the cryptocurrency market.
Source: https://tintucbitcoin.com/ethereum-etf-co-dong-ra-2177-trieu-usd-hom-qua/
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