SEC Review Delay on Tokenized Stocks Weighs on ETH as ETFs See $216M Outflows in May 2026

In May 2026, Ethereum ETFs logged 10 straight outflow sessions, totaling $216 million as net assets slipped from $12.07 billion to $11.90 billion. The pressure intensified after May 23, 2026, when a Laser Digital analyst tied near-term ETH weakness to the SEC delaying its review of a tokenized stock trading plan. Over May 11–15, BlackRock’s ETHA alone posted $184.59 million in weekly outflows, while flows rotated toward XRP and SOL products.