Ether ETF Outflows Reach $93.19 Million as BlackRock's ETHA Leads Second Day of Redemptions
Key Takeaways
- •US spot Ether ETFs posted net outflows of roughly $93.19 million on November 6, extending redemptions to a second straight session after nearly $100 million in exits on November 5.
- •BlackRock's iShares Ethereum Trust (ETHA) was responsible for nearly all of the day's Ether ETF withdrawals, with about $90.8 million in net outflows.
- •BlackRock's staked Ether fund ETHB took in roughly $1.15 million, but those inflows were too small to offset the category-wide redemptions.
- •US spot Bitcoin ETFs saw approximately $412 million in net outflows on November 6, more than four times the Ether category's daily withdrawal, even as Fidelity's FBTC recorded about $42.82 million in inflows.
- •The flow data confirms only the size and concentration of the redemptions and does not identify the reasons investors pulled their money out.
US spot Ether exchange-traded funds recorded net outflows of roughly $93.19 million on November 6, extending redemptions into a second consecutive session after nearly $100 million in exits on November 5, according to data from SoSoValue. BlackRock's ETHA accounted for almost all of Friday's withdrawals, leaving US spot Ether products under clear pressure after two days of selling. Spot Ether ETFs, which began trading on US exchanges in July 2024, hold Ether directly and give traditional brokerage investors a regulated route to the asset.
BlackRock's ETHA Drove Nearly All Ether ETF Outflows
BlackRock's iShares Ethereum Trust (ETHA) posted about $90.8 million in net outflows on November 6, supplying nearly the entire category-wide print. As the largest Ether fund, ETHA's redemptions can swing the daily total on their own.
Not every BlackRock Ether product sold. The firm's staked Ether offering, ETHB — a fund that earns staking rewards on its Ether holdings — took in roughly $1.15 million, but those creations offset only a thin slice of ETHA's exits. Outflows from other funds also weighed on the category net, leaving ETHB's gains unable to flip the session positive.
RootData put Friday's Ether ETF withdrawals near $93.3 million, a figure that differs only slightly from SoSoValue's tally. Both trackers point to the same picture: heavy net redemptions led by ETHA.
The November 6 print follows nearly $100 million in Ether fund redemptions on November 5. Two sessions of outflows do not by themselves lock in a longer downturn; daily crypto ETF flows can flip quickly when large products dominate the tape.
Bitcoin ETFs Lost About $412 Million in the Same Session
US spot Bitcoin ETFs, a category that debuted in January 2024, posted roughly $412 million in net outflows on November 6, more than four times the Ether category's daily withdrawal. Bitcoin products faced heavier selling than Ether funds during the same session.
Fidelity's Wise Origin Bitcoin Fund (FBTC) still recorded about $42.82 million in net inflows. Those creations were not enough to offset redemptions across the rest of the Bitcoin ETF group, and demand stayed uneven across products. Both major crypto ETF categories finished the session negative.
ETF flows show how traditional investors adjust crypto exposure through regulated funds: creations record fresh money moving into a product, while redemptions record shares being pulled out. Friday's figures do not state why investors redeemed shares; profit-taking, portfolio rebalancing, or broader market caution are all possible explanations. The available data confirms only the size and concentration of the exits.
For now, Ether ETFs have posted two straight days of net outflows, and Bitcoin funds also absorbed large withdrawals on November 6. Upcoming sessions will show whether ETHA redemptions keep capping Ether products, and whether Bitcoin funds continue selling after Friday's $412 million print.
Source: Live Bitcoin News
