U.S. Ether Funds See $99.9 Million in Outflows on November 5
Key Facts
U.S.-listed Ether funds recorded net outflows of $85.3 million on November 3, 2026, before the trend briefly reversed to a net inflow of $53.0 million the following day, then outflows widened to $99.9 million on November 5, according to Farside Investors’ table. ETHA accounted for the largest share of the November 3 outflow, as investors withdrew $74.4 million from the fund. On November 5, ETHA saw outflows of $75.2 million, alongside $22.0 million in outflows from another fund. The three sessions showed sharp volatility in daily flows, with the recovery recorded on November 4 failing to last. In the spot market, Ether closed at $2,238.01 on November 5, after recording $2,424.61 on November 4, according to EL7 data.
The November 4 net inflow session saw $32.8 million flow into ETHA and $19.2 million into another fund, while $22.4 million flowed out of one fund. The same session showed additional flows in other amounts in Farside’s table, bringing the total to a net inflow of $53.0 million. But the move did not last into the following day, when net flows returned to negative territory at $99.9 million. Most of the November 5 outflow was concentrated in ETHA, which recorded $75.2 million, while another fund saw $22.0 million in outflows. Funds had recorded net outflows of $155.7 million on October 30 and then $139.7 million on November 2, according to Farside data.
The November 5 outflow coincided with Ether’s decline from a close of $2,424.61 on November 4 to $2,238.01 on November 5. On the same day, the S&P 500 fell 4.4%, its worst daily performance since market turmoil linked to the “Liberation Day” tariffs in April 2025, while the Nasdaq Composite fell 5.5%, according to the Associated Press. The agency said the Wall Street selloff was led by stocks tied to building artificial intelligence data centers. In separate coverage, the agency attributed pressure on AI stocks to concerns that data centers could face shutdowns after Democratic victories in the U.S. midterm elections. The November 5 decline also erased the S&P 500’s gains from the previous session, its best in three months, according to AP.
The volatility extended to the cryptocurrency market: a RootData report published on November 6, citing CoinGlass, said total liquidations over 24 hours reached $1.018 billion. The total included $913 million in long positions and $106 million in short positions, while Ethereum liquidations alone reached $160 million. The figures reflect the scale of positions forcibly closed during the period covered by the report, as Ether fell and funds saw outflows on November 5. In Asian markets on November 6, the Nikkei 225 fell 6.1% to 57,332.92 points, and the Kospi declined 6.3% to 5,042.65 points, according to AP. Both indexes thus recorded losses in a session following the decline in U.S. stocks.
On the network roadmap, Ethereum lists the Glamsterdam upgrade as in development for the fourth quarter of 2026, with Hegotá slated for 2027. The Ethereum Foundation had announced that Glamsterdam would be activated on the Sepolia testnet on October 6, 2026, at 13:53:36 UTC, while activation dates for Hoodi or mainnet had not been set at the time of the announcement. The foundation describes the upgrade as targeting greater Layer 1 capacity through changes to block building and validation, alongside block-level access lists. It also said that replaying historical transactions under Glamsterdam’s pricing schedule showed that a large majority of smart contracts were unaffected, though some contracts might need a higher gas limit or preventive adjustments. The roadmap dates remain separate context from the volatility in flows and prices during the early November sessions.