US spot Ether exchange-traded funds recorded roughly $93.19 million in net outflows on November 6, extending redemptions to a second consecutive session after nearly $100 million left the products on November 5, according to data from SoSoValue. BlackRock's ETHA fund accounted for almost all of the day's withdrawals, leaving US spot Ether products under visible pressure after two sessions of selling. Net outflows mean the group's redemptions outweighed new share creations for the day, the mechanism through which ETF investors add or remove capital from a fund.

BlackRock's ETHA Drove Nearly All Ether ETF Outflows

BlackRock's iShares Ethereum Trust (ETHA) posted approximately $90.8 million in net outflows on November 6, supplying nearly the entire category-level print. As the largest Ether fund by size, ETHA's redemptions are capable of swinging the group's daily total on their own. ETHA listed in July 2024 as part of the first wave of US spot Ether ETFs, which hold Ether directly and give investors exposure through standard brokerage accounts without handling the token itself.

Not every BlackRock Ether product recorded selling. The firm's staked Ether product, ETHB, took in about $1.15 million in creations, though that inflow offset only a thin slice of ETHA's exits. Other funds also weighed on the category's net figure, meaning ETHB's gains could not flip the session positive.

RootData, a separate tracker, placed Friday's Ether ETF withdrawals near $93.3 million. The two data providers differ by a small margin, but both reflect the same picture: heavy net redemptions led by ETHA. Small gaps between trackers' daily figures are common, so the direction and concentration of the flows carry more weight than the exact decimal.

Friday's print follows close to $100 million in Ether fund redemptions on November 5. Two sessions of outflows do not by themselves establish a longer downturn, as daily crypto ETF flows can reverse quickly when large products dominate the daily totals.

Bitcoin ETFs Lost Roughly $412 Million in the Same Session

US spot Bitcoin ETFs posted about $412 million in net outflows on November 6, more than four times the Ether category's daily withdrawal. Bitcoin products therefore faced heavier selling than Ether funds on the same day. The category launched in January 2024 and has since grown into the largest segment of the US crypto ETF market by assets, making its daily prints a frequent reference point for regulated-market demand.

Fidelity's Wise Origin Bitcoin Fund (FBTC) recorded approximately $42.82 million in net inflows, but those creations were not enough to offset redemptions across the rest of the Bitcoin ETF group. Demand remained uneven across products, and both major crypto ETF categories finished the session negative.

ETF flow data shows how traditional investors adjust crypto exposure through regulated funds. Friday's figures do not indicate why investors redeemed shares. Profit-taking, portfolio rebalancing, or broader market caution are all possible explanations, and the available data confirms only the size and concentration of the exits.

For now, Ether ETFs have posted two straight days of net outflows, while Bitcoin ETFs also saw large withdrawals on November 6. Upcoming sessions will show whether ETHA redemptions continue to weigh on Ether products, and whether Bitcoin funds keep selling after Friday's $412 million print.