Ethereum Spot ETF Posts $230.6M Net Outflows; ETHA Inflow
Ethereum spot ETF vehicles registered consecutive net outflows, totaling $184M on October 30 and $46.62M on November 7, as overall net outflows reached $230.62M across two sessions. On October 30, BlackRock’s ETHA led outflows with $118M but reversed with a $34.43M inflow on November 7, bringing its total net inflows to $13.87B. Invesco’s QETH added $2.59M (cumulative $23.9M), while Fidelity’s FETH had a $72.23M outflow (cumulative $2.577B). Bitwise’s ETHW saw a $31.14M outflow (cumulative $399M). Total assets under management for these Ethereum spot ETFs fell from $24.992B (5.51% of Ethereum’s market cap) to $22.664B (5.42%), with cumulative net inflows since launch at $13.861B. Traders should monitor this Ethereum spot ETF performance for signs of shifting investor demand.
Bearish
The sustained net outflows across two reporting days indicate a pullback in investor demand for Ethereum spot ETF products, exerting downward pressure on AUM and market sentiment. While ETHA’s rebound inflow suggests selective confidence in BlackRock’s offering, the larger cumulative outflows and AUM decline signal a bearish near-term outlook. In the long term, continued ETF performance will depend on broader market trends and investor risk appetite, but current outflow momentum points to cautious positioning by traders.