BlackRock leads the withdrawal, Fidelity follows, with Ethereum ETF experiencing a net outflow of 60 million in a single day—are the smart money starting to move again?

According to SoSoValue, on May 15th, Ethereum spot ETFs experienced a total net outflow of approximately $65.6497 million, with the largest intraday outflow from BlackRock's ETHA at $50.3527 million, and Fidelity's FETH outflow at $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 total net inflow of $11.81B, and FETH has $2.2B.