U.S. spot Ether (ETH) exchange-traded funds saw a fourth straight day of withdrawals Nov. 10, though the $1.32 million net outflow was much smaller than a day earlier.
SoSoValue data put the Nov. 9 outflow at $184.51 million, making the latest reading about 99% smaller. The ETFs held $11.64 billion in net assets, representing about 4.63% of Ether’s market capitalization. Cumulative net inflows were $11.74 billion.
Grayscale’s ETH shed $1.96 million and 21Shares’ TETH lost $410,000. BlackRock’s ETHB drew $1.05 million, the only fund with an inflow.
Trading across the funds totaled $712.56 million. BlackRock’s ETHA accounted for $547.36 million of that volume, compared with $68.62 million for Grayscale’s ETH and $40.79 million for Fidelity’s FETH.
The current streak began with a $99.97 million net outflow on Nov. 5. The funds had recorded a $53.02 million net inflow on Nov. 4, SoSoValue data showed.
