Spot Ethereum ETFs saw $365 million in net outflows last week, marking six consecutive weeks of withdrawals as institutional investors’ patience gradually wears thin.
According to data compiled by SoSoValue, U.S. spot Ethereum ETFs recorded approximately $365.3 million in net outflows for the week ending November 6, marking the sixth consecutive week of outflows. Since the end of September, cumulative outflows from these products have reached $2.02 billion.
📌 Three details about this round of withdrawals are worth noting: 1️⃣ BlackRock’s ETHA was the main source of outflows About $346 million in net outflows this week came from BlackRock’s ETHA fund, accounting for 95% of total outflows. On November 6 alone, ETHA saw $90.8 million in net outflows, making it the main target of redemptions that day. This shows that redemption pressure is concentrated primarily in large, institutionally oriented investment products.
2️⃣ Six consecutive weeks of net outflows have built up significant pressure Over the five trading days from November 2 to 6, $ETH ETF saw net inflows only on November 4, totaling $53 million. The other four trading days all recorded net outflows, with the largest daily outflow reaching $139.8 million. Outflows persisting over multiple weeks suggest this is not a temporary phenomenon driven by a single day’s market fluctuations, but ongoing portfolio rebalancing pressure.
3️⃣ Not all funds are seeing redemptions Although ETHA experienced significant outflows, Fidelity’s FETH attracted $15.3 million in net inflows this week, while Grayscale’s ETHE also saw $9.1 million flow in.
According to data compiled by SoSoValue, U.S. spot Ethereum ETFs recorded approximately $365.3 million in net outflows for the week ending November 6, marking the sixth consecutive week of outflows. Since the end of September, cumulative outflows from these products have reached $2.02 billion.
📌 Three details about this round of withdrawals are worth noting: 1️⃣ BlackRock’s ETHA was the main source of outflows About $346 million in net outflows this week came from BlackRock’s ETHA fund, accounting for 95% of total outflows. On November 6 alone, ETHA saw $90.8 million in net outflows, making it the main target of redemptions that day. This shows that redemption pressure is concentrated primarily in large, institutionally oriented investment products.
2️⃣ Six consecutive weeks of net outflows have built up significant pressure Over the five trading days from November 2 to 6, $ETH ETF saw net inflows only on November 4, totaling $53 million. The other four trading days all recorded net outflows, with the largest daily outflow reaching $139.8 million. Outflows persisting over multiple weeks suggest this is not a temporary phenomenon driven by a single day’s market fluctuations, but ongoing portfolio rebalancing pressure.
3️⃣ Not all funds are seeing redemptions Although ETHA experienced significant outflows, Fidelity’s FETH attracted $15.3 million in net inflows this week, while Grayscale’s ETHE also saw $9.1 million flow in.
