Community Trust ScoreVerified
US spot Ether ETFs recorded a net outflow of $99.9 million on November 5, according to data from Farside Investors. This withdrawal followed a $53 million inflow on November 4 and an $85.3 million outflow on November 3.
BlackRock Funds Lead Withdrawals
BlackRock’s ETHA fund accounted for the largest portion of the daily outflow, with $75.2 million leaving the vehicle on November 5. The firm’s ETHB fund recorded an additional $22 million in outflows during the same session.
Fidelity’s FETH fund saw a $2.2 million outflow, while Grayscale’s ETHE fund recorded a $500,000 withdrawal. These individual fund figures sum to the $99.9 million negative session total reported by Farside Investors.
The flow pattern over the preceding days shows significant volatility. On November 2, US spot Ether ETFs lost $139.7 million. This was followed by the $85.3 million outflow on November 3. A temporary recovery occurred on November 4, when the listed products collectively brought in $53 million, with positive flows in several funds offsetting negative readings elsewhere.
November 6’s data table contained unreported fields at the time of review, preventing a final market-wide total for that date. The available data indicates a market where intermittent buying has yet to overcome repeated bouts of selling.
ETF Flows and Network Activity
ETF flow data measures changes in the investment wrapper rather than all Ethereum transactions. Institutions can obtain ETH exposure through spot holdings, derivatives, treasury companies, and other vehicles. A negative day in the US listed fund category does not prove that every sophisticated investor has turned bearish.
Ethereum’s economic activity includes stablecoin transfers, decentralized exchanges, tokenised assets, and staking, which operate independently of ETF share counts. There is no automatic formula linking application usage to the token’s short-term price. Analysts must separate price moves from flows, as the dollar value of assets in a fund can fall due to market prices even when investors have not redeemed an equivalent amount of shares.
The Ethereum Foundation announced a delay in Glamsterdam testing on November 6. The foundation cited concerns about how proposed gas changes could affect existing applications. This engineering decision is distinct from market flow data and should be assessed on its own terms.
Frequently Asked Questions
What was the net flow for US spot Ether ETFs on November 5?
US spot Ether ETFs recorded a net outflow of $99.9 million on November 5, according to Farside Investors data.
Which fund had the largest outflow on November 5?
BlackRock’s ETHA fund had the largest outflow, with $75.2 million leaving the fund on November 5.
