BlackRock ETHA sees a $50 million outflow in a single day—institutions are also rebalancing their portfolios.

According to SoSoValue, on May 15th, Ethereum spot ETFs experienced a total net outflow of approximately $65.6497 million, with the largest intraday outflow being BlackRock's ETHA ($50.3527 million), and Fidelity's FETH outflowing $11.0772 million. As of the time of writing, the total net asset value is $12.93B, with a net asset ratio of 4.83%, and a cumulative net inflow of $11.83B; ETHA has a cumulative net inflow of $11.81B, and FETH $2.2B.