Ethereum spot ETFs recorded a $52.94 million net outflow on June 3, marking the 17th consecutive day of outflows.

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Ethereum news broke on June 3 as Ethereum spot ETFs recorded a $52.94 million net outflow, marking the 17th consecutive day of withdrawals. BlackRock’s ETHA lost $51.58 million, while Fidelity’s FETH declined by $135.42 million. Total assets under management now stand at $9.96 billion, representing a 4.63% net asset ratio relative to Ethereum’s market cap. Ethereum’s price remains under pressure amid ongoing outflows.

ME News reports that, as of June 4 (UTC+8), according to SoSoValue data, the total net outflow of Ethereum spot ETFs was $52.936 million on June 3 (Eastern Time).

The Ethereum spot ETF with the largest single-day net outflow yesterday was BlackRock's ETHA, with a net outflow of $51.58 million; ETHA's total historical net inflow now stands at $11.304 billion.

Second is Fidelity's ETF FETH, with a single-day net outflow of $1.3542 million; FETH's total historical net inflow now stands at $2.126 billion.

As of press time, the total net asset value of Ethereum spot ETFs is $9.959 billion, with an ETF net asset ratio (market capitalization as a percentage of Ethereum’s total market cap) of 4.63%, and cumulative net inflows to date reaching $11.187 billion.(Source: SoSoValue)

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