US Ethereum spot exchange-traded funds recorded a net outflow of $93.3 million on November 6 (US Eastern Time), according to data from Farside. Over the recent five trading days from November 2 to November 6, total net outflows reached $365.2 million. This marks the second consecutive trading day of net outflows starting November 5, continuing a trend that saw $1.607 billion in net outflows throughout October.
BlackRock ETHA Records $90.8M Outflow While ETHB Sees $1.1M Inflow
Among individual products, BlackRock's ETHA experienced the largest single-day outflow of $90.8 million on November 6. In contrast, BlackRock's ETHB saw a net inflow of $1.1 million on the same day. Fidelity's FETH recorded a $1.7 million outflow, while Grayscale's ETH product saw a $1.9 million outflow.
Over the recent five trading days, BlackRock ETHA's net outflow totaled $345.9 million, while BlackRock ETHB recorded a net outflow of $47.9 million. Fidelity FETH saw a net inflow of $15.3 million during this period, and Morgan Stanley's MSSE recorded a $3.2 million inflow.
The following table details individual product flows:
| Product | Issuer | November 6 (million USD) | Recent 5 Trading Days (million USD) | Cumulative Since Listing (million USD) |
|---------|--------|--------------------------|-------------------------------------|---------------------------------------|
| ETHB | BlackRock | +1.1 | -47.9 | +784.95 |
| ETHW | Bitwise | - | - | +393.41 |
| ETHV | VanEck | - | - | +153.30 |
| EZET | Franklin Templeton | - | - | +64.70 |
| MSSE | Morgan Stanley | - | +3.2 | +47.60 |
| TETH | 21Shares | - | +0.1 | +36.16 |
| QETH | Invesco Galaxy | - | - | +24.48 |
| ETHE | Grayscale | - | +9.2 | -5,530.08 |
| FETH | Fidelity | -1.7 | +15.3 | +2,453.06 |
| ETH | Grayscale | -1.9 | +0.8 | +2,000.49 |
| ETHA | BlackRock | -90.8 | -345.9 | +11,523.03 |
| Total | | -93.3 | -365.2 | +11,951.10 |
Cumulative Net Inflows Reach $1.195B Since July 2024 Listing
Since their listing in July 2024, US Ethereum spot ETFs have recorded cumulative net inflows of $1.195 billion. BlackRock's ETHA has attracted $11.523 billion in cumulative inflows, representing the largest share among all products. Grayscale's ETHE, by contrast, has experienced cumulative net outflows of $5.530 billion since listing.
For November through November 6, total net outflows stand at $365.2 million. October recorded net outflows of $1.607 billion.
According to the source article, this ETF net outflow raises the possibility of Ethereum price declines.
FAQ
What was the net outflow from US Ethereum spot ETFs on November 6?
US Ethereum spot ETFs recorded a net outflow of $93.3 million on November 6 (US Eastern Time), according to Farside data.
Which Ethereum ETF product saw the largest outflow on November 6?
BlackRock's ETHA experienced the largest single-day outflow of $90.8 million on November 6, while BlackRock's ETHB saw a net inflow of $1.1 million on the same day.
What are the cumulative net inflows for US Ethereum spot ETFs since listing?
Since listing in July 2024, US Ethereum spot ETFs have recorded cumulative net inflows of $1.195 billion, with BlackRock ETHA accounting for $11.523 billion in inflows and Grayscale ETHE recording $5.530 billion in outflows.
