Ethereum Spot ETF Experiences $16.1 Million Net Outflow Amid Ongoing Market Trends

On May 9th, COINOTAG reported significant shifts within the **Ethereum** investment landscape, as data from **Farside Investors** revealed notable **net outflows** from the US **Ethereum spot ETF** totaling **$16.1 million**. This development marks the third consecutive day of withdrawals, indicating a potential trend among investors. The outflows primarily stemmed from the **Fidelity FETH**, which alone experienced a **net withdrawal** of **$19.3 million**. In contrast, the **Grayscale ETH** managed to attract a modest **net inflow** of **$3.2 million**, demonstrating a divergent investor interest within the Ethereum ecosystem. This ongoing liquidity shift highlights the importance of monitoring investor sentiment and fund performance, particularly amidst a volatile cryptocurrency market, as these trends can significantly impact future strategies in crypto investments.