Caught an interesting pattern in the spot ETF flows last week. Ethereum spot ETFs saw some mixed action - overall about $82 million net outflow across the board during April 27 to May 1. What stood out to me was Blackrock's ETHA leading the outflows with $71.4 million that week, though they've still accumulated $11.9 billion historically. Fidelity's FETH also saw pressure with $50 million flowing out.

But here's the thing - Blackrock's ETHB spot ETF actually went the other direction, pulling in $44.5 million for the week. That one's at $501 million total now. Interesting to see the different Blackrock products moving differently.

Looking at the broader picture, all Ethereum spot ETFs combined are sitting at $13.6 billion in total assets, which is about 4.93% of Ethereum's entire market cap. The cumulative inflows since launch hit $12.02 billion. So despite some recent outflows, these spot ETF products are still a meaningful piece of the Ethereum ecosystem. Definitely worth keeping an eye on how these flows shift.