$ETH ’s ETFs are bleeding too: net outflows for 3 consecutive days
$ETH ’s spot ETFs are also starting to bleed. According to SoSoValue data, on Monday (November 9, U.S. Eastern Time), $ETH spot ETFs saw net outflows of $185 million in a single day, marking their third consecutive day of outflows.
The familiar name topped the outflow list again: BlackRock’s ETHA saw $119 million flow out in one day. But it has deep pockets, with cumulative net inflows still totaling $11.4 billion. On the inflow side, only Morgan Stanley’s MSSE bucked the trend, taking in $1.6 million—a drop in the bucket compared with the outflows.
With BTC and ETH ETFs both bleeding, this isn’t about any one coin. It’s a broad move to “reduce exposure to risk assets”: amid macroeconomic uncertainty, institutions are trimming positions and waiting on the sidelines, ready to decide which way to go once key data like CPI comes out.
In the short term, this is a headwind. But seen another way, it’s inventory clearing out—when risk appetite returns, these channels are ready-made conduits for money to flow back in. The key question is: how much dry powder will you keep before the channels open?
(Data from SoSoValue; not investment advice)
$BTC
#ETH #ETF
$ETH ’s spot ETFs are also starting to bleed. According to SoSoValue data, on Monday (November 9, U.S. Eastern Time), $ETH spot ETFs saw net outflows of $185 million in a single day, marking their third consecutive day of outflows.
The familiar name topped the outflow list again: BlackRock’s ETHA saw $119 million flow out in one day. But it has deep pockets, with cumulative net inflows still totaling $11.4 billion. On the inflow side, only Morgan Stanley’s MSSE bucked the trend, taking in $1.6 million—a drop in the bucket compared with the outflows.
With BTC and ETH ETFs both bleeding, this isn’t about any one coin. It’s a broad move to “reduce exposure to risk assets”: amid macroeconomic uncertainty, institutions are trimming positions and waiting on the sidelines, ready to decide which way to go once key data like CPI comes out.
In the short term, this is a headwind. But seen another way, it’s inventory clearing out—when risk appetite returns, these channels are ready-made conduits for money to flow back in. The key question is: how much dry powder will you keep before the channels open?
(Data from SoSoValue; not investment advice)
$BTC
#ETH #ETF