Ether Funds Lose $85.3 Million on Nov. 3 Before Flows Return

Key Facts

U.S. spot Ether funds recorded net outflows of $85.3 million on Nov. 3, 2026, including $74.4 million from BlackRock’s ETHA, according to Farside Investors data. The figures came in a session marked by pressure on technology-linked assets, while Ether fell the next day from $2,424.61 to $2,238.01 on Nov. 5, according to EL7 daily data. In an update published by Investing.com on Nov. 5 at 17:53 Eastern Time, Ether was down 8.5% at $2,230.03. Fund figures show the large withdrawal session did not turn into a sustained exodus, as net flows reversed the following day. The price move also came amid a broader risk-off wave in markets, though sources did not establish that falling stocks caused cryptocurrency liquidations.

According to Farside’s table, flows turned to net inflows of $53.0 million on Nov. 4, following the previous session’s $85.3 million outflow. Inflows that day were spread across several funds, including $32.8 million and $19.2 million, while other funds recorded outflows of $22.4 million. On Nov. 5, net flows turned negative again, but by just $2.7 million. The moves show a rapid shift between fund sessions rather than a continuous run of daily outflows. ETHA’s outflow on Nov. 3 accounted for the largest share of that session’s net withdrawals, at $74.4 million.

The selling wave extended to U.S. stocks on Nov. 5, with the S&P 500 falling 4.4%, its biggest decline since the market turmoil linked to the “Liberation Day” tariffs in April 2025, according to the Associated Press. The Nasdaq Composite fell 5.5% in the same session. The agency said the selloff was led by stocks tied to building AI data centers, amid concerns that expansion of data centers could face pauses following Democratic victories in the U.S. midterm elections. Reuters also reported that the SOX semiconductor index fell as much as 11% during the session, its worst performance since March 2020. Reuters linked pressure on chipmakers to concerns about tighter AI regulation and potential restrictions on data center expansion.

In the cryptocurrency market, a RootData report published on Nov. 6 cited CoinGlass data showing total liquidations of $1.018 billion in the 24 hours through that date. The total included $913 million in long positions and $106 million in short positions, while Ethereum liquidations reached $160 million. In an Investing.com update on Nov. 5, Ether was down 8.5% at $2,230.03, while Bitcoin fell 6.2% to $75,722.9 at 17:53 Eastern Time. The site said traders were selling technology stocks and turning to safe-haven assets such as Treasuries and the yen, and that regulatory concerns had spread to the cryptocurrency market. EL7 data showed Ether closing at $2,238.01 on Nov. 5, compared with $2,424.61 on Nov. 4.

Pressure continued in Asia on the morning of Nov. 6, with South Korea’s Kospi down 7.4% and Japan’s Nikkei falling 5.7% by midday, after steeper losses at the open, according to the Associated Press. In network-specific developments, Ethereum’s roadmap lists the Glamsterdam upgrade as in development, targeting the fourth quarter of 2026. The roadmap lists the Hegotá upgrade for 2027 and notes that the timing and current plan are subject to change. These dates provide context for network developments, while Ether’s moves during the sessions cited remained concurrent with broader volatility in riskier assets. Fund data, meanwhile, showed a shift from a large outflow on Nov. 3 to net inflows on Nov. 4, followed by limited outflows on Nov. 5.