Ethereum spot ETFs recorded a $62.29 million net outflow on May 19, marking the seventh consecutive day of outflows.

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Ethereum news: Ethereum spot ETFs recorded a net outflow of $62.2968 million on May 19, marking the seventh consecutive day of outflows. Bitwise’s ETHW saw the highest inflow at $756,300, with total assets of $382 million. BlackRock’s ETHA led outflows at $59.3682 million but still holds $11.698 billion in net inflows. Ethereum’s price remains under pressure today, as ETFs hold $12.142 billion in assets, representing 4.75% of the total market cap.

ChainCatcher report, according to SoSoValue data, the total net outflow from Ethereum spot ETFs amounted to $62.2968 million. The Ethereum spot ETF with the highest single-day net inflow was Bitwise ETF ETHW, with a net inflow of $756,300; ETHW’s cumulative historical net inflow now stands at $382 million. The Ethereum spot ETF with the highest single-day net outflow was BlackRock’s ETF ETHA, with a net outflow of $593.682 million; ETHA’s cumulative historical net inflow now totals $11.698 billion. As of the time of this report, the total net asset value of Ethereum spot ETFs is $12.142 billion, with the ETF net asset ratio (market value as a percentage of Ethereum’s total market cap) at 4.75%, and cumulative historical net inflows reaching $11.683 billion.

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