Ethereum Spot ETFs End Six-Day Outflows with $12.5M Inflow
Ethereum Spot ETFs recorded a net outflow of $119 million on Nov. 5, extending a six-day redemption streak. Grayscale’s ETHE Mini Trust and Fidelity’s FETH saw inflows of $24.06M and $3.45M, while BlackRock’s ETHA led outflows with $147M redeemed. Total assets under management (AUM) stood at $22.74B, about 5.46% of ETH’s market cap. On Nov. 6, the trend reversed with a $12.51M net inflow, driven by $8.01M into ETHA and $4.95M into FETH, despite a $3.53M withdrawal from ETHE. Post-flow AUM is around $21.75B, or 5.45% of ETH’s total value. Traders should watch Ethereum Spot ETF fund flows as key indicators of market sentiment and potential price pressure on ETH.
Bullish
The end of a six-day redemption streak with a fresh $12.51M inflow signals a shift in trader sentiment for Ethereum Spot ETFs. Short-term, renewed fund flows into ETHA and FETH may bolster ETH prices and indicate recovering demand. However, the preceding $119M outflow underscores lingering caution. Traders should watch ETF AUM and daily fund flows as leading indicators: persistent inflows could sustain bullish momentum, whereas further redemptions may renew downward pressure.