US spot Ether ETFs recorded roughly $100 million in net outflows on November 5, according to data from SoSoValue. The redemptions reversed the previous session, when the same funds absorbed about $53 million in net inflows. BlackRock's ETHA drove the day's exits with approximately $75.20 million in withdrawals, wiping out a full day of creations in a single session.

Ether ETF Outflows Erase November 4 Gains

SoSoValue's flow data shows net withdrawals from US spot Ether ETFs approaching $100 million on November 5, following nearly $53 million in net inflows on November 4. The latest redemptions more than offset the prior day's gain.

Because the funds hold ether directly inside exchange-listed vehicles, the daily net-flow series — creations minus redemptions — has become a standard gauge for tracking demand for the asset through US-regulated products. Daily flows for crypto ETFs have remained uneven since the products launched: US spot Ether ETFs began trading in July 2024, roughly half a year after the first US spot Bitcoin ETFs debuted in January 2024, leaving both categories with relatively short flow histories. Early trading sessions once produced net inflows above $107 million, but positive days have not consistently held. The November 5 session illustrates how quickly a modest inflow print can flip when redemptions concentrate in the category's largest products.

BlackRock's ETHA Accounts for Most of the Withdrawals

BlackRock's ETHA took the largest hit among Ether funds, shedding about $75.20 million on November 5. The single fund supplied the bulk of the category's negative print. Other Ether ETFs also logged redemptions, but ETHA set the scale of the day. The fund, the iShares Ethereum Trust ETF, ranks among the category's largest products by assets under management.

The pattern mirrors earlier sessions in which ETHA drove the category's totals. Selling was concentrated in the largest product rather than spread evenly across every issuer.

Bitcoin ETFs Shed About $430M in the Same Session

Ether funds were not alone. US spot Bitcoin ETFs, a category whose asset base is far larger than the Ether funds', posted roughly $430 million in net outflows during the same session, more than four times the Ether category's daily withdrawal. Fidelity's FBTC, the firm's spot Bitcoin fund, led the Bitcoin-side exits with about $200 million in redemptions.

The Bitcoin print followed a recent rebound day. US spot Bitcoin ETFs had flipped to $74.6 million in inflows on November 4, with FBTC leading creations. One session later, both Bitcoin and Ether products returned to redemption mode.

A single day of outflows does not establish a lasting trend. Still, the November 5 figures point to cooler demand across the two main US spot crypto ETF groups. Upcoming sessions will indicate whether ETHA redemptions continue to weigh on Ether products, and whether Bitcoin funds extend selling beyond the brief November 4 bounce.