Ethereum Spot Funds See $656.4 Million in Outflows Over 7 Sessions
Key Facts
Net outflows from spot Ethereum funds totaled $656.4 million over 7 sessions through November 3, according to Alpha Finance data. In the latest two sessions in that period, the funds recorded net outflows of $139.7 million on November 2 and $85.3 million on November 3, according to Farside Investors data. The figures show outflows extending into the next two sessions after withdrawals were recorded on October 29 and 30. Net outflows totaled $105.5 million on October 29, then rose to $155.7 million on October 30. This reflects net redemptions across consecutive trading sessions, without identifying the investors in the flow record or establishing that they were sales by specific institutions.
On November 3, BlackRock's iShares Ethereum Trust (ETHA) had the largest single-fund withdrawal, with net outflows of $74.4 million, according to Farside. That withdrawal accounted for most of the $85.3 million in net outflows recorded across the funds in the same session. Data for the day also show an additional withdrawal of $10.9 million, while the other funds listed in the table recorded no further net flows. ETHA seeks to reflect the performance of ether's price before fund expenses and liabilities, according to its registration statement filed with the U.S. Securities and Exchange Commission. The fund's shares are created and redeemed in blocks of 40,000 shares or multiples thereof, according to the filing.
ETHA's net assets were about $4,292,908,953 on June 30, 2026, compared with $10,300,756,520 on December 31, 2025, according to the fund's filing with the U.S. Securities and Exchange Commission. These figures put the fund's asset size in a broader context, but refer to the stated filing dates and do not measure its assets in November. On price, Ethereum closed at $2,274.77 on November 3, then at $2,302.75 on November 4, according to EL7 data. The closing price therefore rose between the two days despite net outflows continuing in the November 3 session. The data describe daily price movements and fund flows separately, without establishing that one caused the other.
A report published by Crypto Daily on November 3 said Ethereum was below its 50-day and 200-day moving averages. The report estimated the first near $2,410 and the second near $2,310, as technical indicators for comparing the price with shorter- and longer-term trends. It also put the daily Relative Strength Index near 33 and said the Moving Average Convergence Divergence (MACD) remained below its signal line. The report identified $1,940 as the first support level, noting that a close below it could open the way to a next level near $1,850. These are technical levels cited by the report and do not by themselves establish what traders are watching or how the price will move next.