Ethereum spot ETFs log $64.67 million net outflow on April 7; Fidelity's FETH tops redemptions

Ethereum spot exchange-traded funds (ETFs) posted a combined net outflow of $64.67 million on April 7 (U.S. Eastern Time), according to SoSoValue data cited by ChainCatcher. Fidelity's FETH saw the largest single-day withdrawal, with $48.21 million in net outflows, while its cumulative net inflows stand at $2.283 billion. BlackRock's ETHA followed with $16.46 million in net outflows; its cumulative net inflows total $11.607 billion. As of the latest update, Ethereum spot ETFs hold $11.979 billion in total net assets. Their net asset ratio—market value as a share of Ethereum's total market cap—is 4.69%, and cumulative net inflows across the category have reached $11.536 billion.