Ethereum Funds See $93.3 Million in Friday Outflows as Weekly Exodus Continues
Key Facts
U.S. spot Ethereum funds recorded net outflows of $93.3 million on Friday, November 6, 2026, according to Farside Investors’ table, ending the trading week with another session of withdrawals. Friday’s outflows exceeded the inflows recorded in the week’s only positive session. Data for the five sessions show that the funds received new money on just one day, while withdrawals predominated on the other four. Net flows measure the movement of money into and out of the funds. The flow table does not report the reasons for investors’ decisions.
BlackRock’s ETHA fund led Friday’s withdrawals, with net outflows of $90.8 million, according to Farside. By contrast, ETHB recorded inflows of $1.1 million in the same session. The total daily net flow was $93.3 million out after accounting for the activity of the funds listed in the table. The divergence highlights that market direction during the session was not uniform across products. However, inflows into ETHB did not offset the larger withdrawal from ETHA.
The trading week began on November 2 with outflows of $139.7 million, which fell to $85.3 million on November 3, according to Farside data. The trend reversed on November 4, when the funds recorded net inflows of $53 million, the week’s only positive session. Outflows returned on November 5 at $99.9 million, then reached $93.3 million in Friday’s session. Withdrawals therefore occurred in most sessions, despite the positive flow in the middle of the week. The sequence of daily figures shows variation in money flows between sessions, without the table explaining what drove the change.
Friday’s session coincided with ETHUSD falling to a daily close of $2,238.67, compared with a close of $2,424.61 on November 4, according to EL7 data. The November 4 close, on the day of fund inflows, was higher than the closing level recorded two days later. This timing offers a snapshot of price movements during a week in which fund flows fluctuated. It does not establish whether the flows caused the price change or responded to it. Farside data also offer no explanation for money movements or forecasts from fund holders.
Over a longer period, cumulative net flows into Ethereum funds since their launch reached $11,951 million through the latest update shown in Farside’s table, dated November 6. A reading published on November 7 estimated cumulative net flows into U.S. spot Bitcoin funds at about $55.8 billion, compared with about $12.0 billion for Ether funds, based on Farside tables. These figures place the weekly flows within the funds’ broader cumulative record since launch. Data from the previous week also showed withdrawals in 4 of its 5 sessions, with the largest net outflow on October 30, at $155.7 million. Outflows in the other sessions that week ranged from $21.4 million to $105.5 million, according to Farside data.
Ethereum’s official roadmap lists the Glamsterdam upgrade for the fourth quarter of 2026, while noting that the community development plan is subject to change. This sets out the roadmap’s timeline for the upgrade, without the flow table linking it to fund money movements. Farside data remain a measure of net money moving into and out of the funds and may be reviewed or revised. The published figures do not explain the reasons for outflows or inflows. The upgrade comes amid network developments, while the fund data describe money movements during trading sessions.