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