US spot Ethereum (ETH) exchange-traded funds extended their slide on May 21, logging a ninth consecutive trading day of net outflows—an indication that near-term institutional appetite for ETH exposure remains cautious even as overall assets in the category stay substantial. According to data compiled by SoSoValue, the US spot Ethereum ETF cohort posted $32.58 million in net redemptions on May 21 (US Eastern Time).
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