US Spot Ethereum ETFs Log Sixth Straight Day of Outflows With $70.5 Million Exit
Key Takeaways
- •US spot Ethereum ETFs recorded $70.5 million in net outflows on November 12, their sixth straight session of withdrawals since the run began on November 5.
- •The six-day streak has removed a cumulative $594.4 million from the products, per figures reported by COINOTAG.
- •Ethereum's price stood at $1,925 at the time of the report, down 2.4% since the outflow streak began.
- •Net-flow figures aggregate primary-market creations and redemptions, so a negative daily print means redemptions outweighed new share issuance.
- •Spot Ethereum ETFs have traded in the United States since July 2024, with issuers including BlackRock, Fidelity, and Grayscale.
United States spot Ethereum (ETH) exchange-traded funds recorded $70.5 million in net outflows on Thursday (November 12), marking the sixth consecutive session of withdrawals since the run began on November 5. The six-day streak has now removed a cumulative $594.4 million from the products, according to figures reported by COINOTAG.
The price of Ethereum stood at $1,925 at the time of the report, down 2.4% since the outflow streak began.
Thursday's figure is a net number: it aggregates every primary-market share creation and redemption across the funds for the session, so a negative print means redemptions outweighed new issuance that day. Cumulative tallies such as the $594.4 million drawn out over the six sessions are simply the sum of those daily prints, which is why streaks like this one are tracked as a running, session-by-session record of demand for ether exposure through the ETF wrapper.
Background on the US Spot Ethereum ETF Market
Spot Ethereum ETFs have traded in the United States since July 2024, when the funds began trading after the U.S. Securities and Exchange Commission approved registration applications earlier that year. The products hold ether directly and are designed to track the asset's price, offering investors exposure through standard brokerage accounts without requiring direct custody of cryptocurrency.
Issuers include large asset managers such as BlackRock and Fidelity, along with Grayscale, whose Ethereum Trust (ETHE) converted into a spot ETF structure at launch. Daily net-flow figures, compiled from issuers' publicly disclosed creations and redemptions, are widely followed as an indication of institutional participation in the ether market. Such flows can and do change direction from one session to the next, so the seventh session's disclosure, produced from the same issuer data, will show whether the current run extended into another day of redemptions or came to an end.
This content was first published on COINOTAG: https://en.coinotag.com/ethereum-etf-outflows-70-5m-sixth-straight-day
