Ethereum Spot ETFs Record $67.15 Million Net Outflow on May 27, Extending 12-Day Redemption Streak

On May 27, Ethereum spot ETFs recorded a total net outflow of $67.15 million, extending a continuous redemption streak to 12 days, according to data from SoSoValue. The day's activity was primarily driven by BlackRock’s iShares Ethereum Trust (ETHA), which saw $65.10 million in net outflows, bringing its cumulative net inflows to $11.556 billion. Additionally, Fidelity’s Ethereum Fund (FETH) reported a net outflow of $2.0464 million, with its total cumulative inflows reaching $2.157 billion. This persistent trend of redemptions highlights a cooling period for Ethereum-based investment products following earlier momentum. The data, reported on May 28 by PANews, underscores the current volatility and shifting investor sentiment within the spot ETF market.