Spot Ethereum ETFs Extend Historic Outflow Streak with $365M Weekly Withdrawal
November 9, 2026 — U.S. spot Ethereum exchange-traded funds (ETFs) have recorded yet another heavy week of redemptions, posting $365 million in net outflows and extending their unprecedented weekly outflow streak to six consecutive weeks.
Key Market Metrics & Flow Dynamics:
Persistent Redemption Pressure: The latest weekly tally underscores sustained institutional caution surrounding digital asset investment products, mirroring broader macroeconomic tightening and risk-off sentiment across high-beta sectors.
Daily Breakdown & Volatility: The week's trading sessions saw aggressive institutional capital flight, punctuated by sharp mid-week sessions where single-day withdrawals surpassed $130 million before seeing minor, short-lived inflows on select relief days.
Fund-Level Performance: Major issuers bore the brunt of the capital rotation. Blackrock’s ETHA and Grayscale’s ETHE experienced the highest volume of net withdrawals, while selective alternative funds recorded negligible or flat inflows that failed to offset the overarching negative trend.
Price Impact: The chronic capital drain has exerted continuous downward pressure on Ethereum's spot price, dragging valuations below crucial technical support levels and amplifying liquidation cascades across derivatives markets.
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