📉 [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