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๐ [Ethereum Spot ETF Net Outflow โ May 8 Recap]
On May 8 (EST), Ethereum spot ETFs saw a net outflow of $16.11M, indicating bearish sentiment.
๐ Top Inflow:
Grayscale Mini ETH Trust (ETH): +$3.19M
๐ Largest Outflow:
Fidelity FETH: -$19.30M (though total historical inflow still at $1.427B)
๐ Total AUM: $7.219B
๐ ETF market cap ratio vs ETH: 2.74%
๐ Cumulative net inflow: $2.452B
Outflows suggest weakening confidence โ is ETH losing steam short-term? ๐ง
#EthereumETF # ETH