US Spot Ether ETFs Log Fifth Straight Day of Redemptions

US spot exchange-traded funds holding Ethereum (ETH) posted $144.8 million in net outflows on November 11, according to figures published by COINOTAG. The session marked the fifth consecutive trading day of redemptions for the funds, while the price of Ethereum held near $2,050 into Thursday trading.

The day's total represented a steep acceleration in redemption activity, coming in at roughly 110 times the $1.32 million that left the funds on November 10.

Per the report, BlackRock's ETHA drove the session's outflow.

Background: US Spot Ether ETFs

ETHA, the iShares Ethereum Trust, is BlackRock's spot ether fund and ranks as the largest US-listed spot Ethereum ETF by assets under management. Spot ether ETFs began trading on US exchanges in July 2024, following approval from the Securities and Exchange Commission, giving traditional investors exposure to ETH through standard brokerage accounts without requiring direct custody of the token.

Net outflows occur when daily redemptions — requests to withdraw shares — exceed creations, the issuance of new shares against incoming capital. Because creations and redemptions are tallied each trading day, the complex's daily net figure can swing sharply from one session to the next. Daily flow figures for the US spot ether complex, which includes products from issuers such as BlackRock, Fidelity, and Grayscale, are closely monitored by market participants as a measure of demand for the asset through regulated fund vehicles.

Five consecutive days of net redemptions means the funds recorded more withdrawals than creations in each session over that span, based on the published daily figures. The next publication of daily flow figures will indicate whether the streak extends to a sixth session or is broken.

This article was first published on COINOTAG: https://en.coinotag.com/ethereum-eth-etf-outflows-144-8m-november-11-etha