The spot Ethereum ETF fund recorded a net outflow of $104 million yesterday.

The Ethereum spot ETF fund recorded a net outflow of $104 million on May 7th Eastern Time, with Fidelity FETH and BlackRock ETHA being the two funds with the largest withdrawals.

FETH led with a net outflow of $622.63B on the day, but still has a total accumulated net inflow of $2.257 billion. ETHA followed with a withdrawal of $2257T, while the fund’s total historical net inflow currently stands at $91.6 million.

As of the announcement, the total net asset value of Ethereum spot ETF funds reached $13.595 billion. The ETF net asset ratio compared to Ethereum’s market capitalization is 4.94%.

The historical net accumulated cash flow of the Ethereum spot ETF group is currently at $12.083 billion. The available data so far does not show additional details about the remaining funds on this day.

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