Ethereum spot ETFs recorded a $72.54 million net outflow on October 8, marking the eighth consecutive day of outflows.

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Ethereum news: Ethereum spot ETFs recorded a $72.54M net outflow on October 8, marking the eighth consecutive day of outflows. Fidelity’s FETH saw a $5.50M inflow, while BlackRock’s ETHA lost $71.12M. Total net assets stood at $15.64B, with a 5.17% ratio to Ethereum’s market cap. Ethereum’s price remains under pressure amid ongoing outflows.

ME News reports that, according to SoSoValue data, Ethereum spot ETFs recorded a total net outflow of $72.544 million on October 8 (Eastern Time).

The Ethereum spot ETF with the highest single-day net inflow yesterday was Fidelity's FETH, with a net inflow of $5.503 million; FETH's total historical net inflow now stands at $2.334 billion.

Second is the Morgan Stanley Ethereum Trust MSSE, with a net inflow of $1.3209 million today; the total historical net inflow for MSSE now stands at $42.679 million.

The Ethereum spot ETF with the largest single-day net outflow yesterday was BlackRock's ETHA, with a net outflow of $71.12 million; ETHA's total historical net inflow now stands at $12.849 billion.

As of press time, the total net asset value of Ethereum spot ETFs is $15.636 billion, with an ETF net asset ratio (market cap as a percentage of Ethereum’s total market cap) of 5.17%, and cumulative net inflows reaching $13.316 billion.(Source: SoSoValue)

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