Ethereum Experiences $39.8 Million Net Outflow as Fidelity FETH and Grayscale ETHE Face Significant Withdrawals

On May 16, COINOTAG reported significant capital movements within the Ethereum market, as evidenced by figures from Farside Investors. The recent **net outflow** from the US Ethereum spot **ETF** reached a staggering **$39.8 million**. Among the notable contributors to this decline were Fidelity’s **FETH**, which bore a **net outflow of $31.6 million**, and Grayscale’s **ETHE**, showing a significant **net outflow of $16.6 million**. These shifts point to a cautious sentiment among investors amid fluctuating market conditions. Monitoring such **outflows** is crucial for understanding investor behavior and market trends, especially as institutional interest remains pivotal for Ethereum’s growth trajectory. Traders and stakeholders are advised to stay informed and adapt their strategies accordingly, ensuring they are aligned with the prevailing market dynamics while capitalizing on potential opportunities.