BlackRock’s ETHA accounted for $129.78 million of a $144.81 million withdrawal from U.S. spot Ether (ETH) funds on Nov. 11, a session that pushed the group’s net outflow streak to five, SoSoValue data showed.
Four other products also had net withdrawals: BlackRock’s ETHB lost $5.35 million, Bitwise’s ETHW shed $4.76 million, Fidelity’s FETH fell by $4.14 million and Franklin’s EZET declined by $0.79 million. Those five were the only funds with negative net flows. The other six had no net change, and none of the 11 recorded an inflow.
The run of daily outflows began Nov. 5. The latest withdrawal was about 110 times the $1.32 million net outflow from the previous session.
Trading across the funds totaled $458.65 million on Nov. 11. ETHA led in trading volume at $370.74 million, followed by Grayscale’s ETH fund at $34.20 million and Fidelity’s FETH at $25.80 million. The trading figure is the dollar value of ETF shares exchanged, while daily net flows measure net money entering or leaving the funds.
Combined net assets were $11.65 billion, equal to about 4.58% of Ether’s market capitalization. Cumulative net inflows stood at $11.59 billion.
ETHA had the largest net assets, at $5.87 billion. Grayscale’s ETH fund held $1.88 billion, while Grayscale’s ETHE had $1.42 billion.
EconoTimes previously reported a $99.97 million outflow from U.S. spot Ether funds on Nov. 5, the first session in the current five-session run.
