U.S. spot Ether (ETH) exchange-traded funds recorded $85.35 million in net withdrawals Nov. 3, extending a seven-session outflow run and leaving their cumulative net inflows at $12.06 billion, SoSoValue data showed.
BlackRock’s ETHA lost $74.44 million, while Grayscale’s ETH shed $10.91 million. They were the only two of the 11 funds to record withdrawals. Net outflows came in about 39% below the prior session, and the run began Oct. 26.
Trading volume across the funds reached $352.93 million. Of that total, $261.04 million was traded in ETHA; Grayscale’s ETH accounted for $28.92 million and Fidelity’s FETH for $20.67 million. The funds’ net assets totaled $13.32 billion, equal to about 4.76% of Ethereum’s market capitalization.
