$ETH
$ETH Spot Ethereum ETFs See Over $7Million Net Outflows Yesterday
Yesterday trading session (05/12) witnessed net outflows from Spot Ethereum ETFs totaling $75.2 million.
๐ธ Notably, not a single fund among the 9 ETFs recorded positive inflows. The selling pressure centered on giant BlackRock (ETHA), which saw a net outflow exactly matching the total market outflow ($75.2 million).
๐ธ Despite the withdrawal, the total net assets of Ethereum ETFs remain substantial at around $18.9 billion, accounting for 5.19% of ETH's total market cap.
BlackRock sudden reversal to heavy selling after days of accumulation is causing confusion. Is this shortterm profit taking or a strategic shift in institutional capital?
News is for reference, not investment advice. Please read carefully before making a decision.
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