Ethereum Spot ETF Experiences Significant Outflow on May 7

According to PANews, data from SoSoValue reveals that on May 7, Ethereum spot ETFs saw a total net outflow of $21.77 million. This occurred during Eastern Time, with none of the nine products recording positive inflows. Notably, BlackRock's ETHA experienced a single-day outflow of $21.77 million. Currently, the total net asset value of Ethereum spot ETFs stands at $6.197 billion, representing 2.85% of Ethereum's total market capitalization. Historically, the cumulative net inflow amounts to $2.468 billion.