U.S. spot Ether ETFs lost about $193.2 million over November 5–6, 2026, with BlackRock’s ETHA accounting for most of the withdrawals. The daily totals vary slightly by data provider, but both sets of reports show two consecutive outflow days. For the week of November 2–6, Ether funds lost about $365 million; Bitcoin and Ether funds together lost roughly $1.65 billion.
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Daily Ether ETF flows
| U.S. trading date |
SoSoValue-reported net flow |
Farside-based reported net flow |
| November 5 |
−$99.9677 million |
About −$99.9 million |
| November 6 |
−$93.1887 million |
About −$93.3 million |
| Two-day total |
−$193.1564 million |
About −$193.2 million |
SoSoValue’s reported daily figures add to $193.1564 million in withdrawals, or about $193.16 million. Farside-based reporting rounds the days to $99.9 million and $93.3 million, for a combined total of about $193.2 million. The available reports do not explain the small difference, so the rounded figures should not be read as an exact reconciliation.
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ETHA led withdrawals; ETHB was the exception on Friday
BlackRock’s iShares Ethereum Trust (ETHA) was the largest source of outflows on both days. SoSoValue-based reports put its withdrawals at $75.203 million on November 5 and $90.7613 million on November 6, or about $165.96 million combined.
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BlackRock’s staked Ether ETF, ETHB, lost about $21.99 million on November 5, then recorded approximately $1.15 million in inflows on November 6. It was the only one of the 11 funds reported to have a net inflow that Friday.
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The other reported Friday flows included $1.91 million out of Grayscale’s Ethereum Mini Trust (ticker ETH) and $1.67 million out of Fidelity’s FETH. The remaining seven products had no net flows, according to the reported breakdown.
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35 On November 5, Farside’s published figures showed FETH down $2.2 million, Grayscale’s ETHE down $0.5 million, and the Mini Trust at zero; seven funds were also listed with no net flows that day.
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A November 6 recap put total net assets across U.S. spot Ether ETFs at about $12.84 billion and cumulative net inflows at $11.92 billion. Those cumulative inflow figures are not fully consistent across the supplied reports: another report gave $12.02 billion for November 5. Treat the cumulative figure as a reported snapshot, not a precisely reconciled total.
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The two-day withdrawals came during a difficult week
From November 2 through November 6, U.S. spot Ether ETFs lost about $365.2 million. Spot Bitcoin ETFs lost about $1.28 billion, bringing combined Bitcoin and Ether ETF outflows to roughly $1.65 billion for the week.
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Flows briefly turned positive on November 4, when Ether ETFs attracted $53.02 million and ended a five-session outflow streak. Withdrawals returned on November 5 and continued on November 6.
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11 One weekly recap listed ETHA’s net outflow for the week at $346 million.
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Bitcoin funds also saw heavy withdrawals on Friday, November 6. Farside-based reporting put Bitcoin ETF outflows at $411.9 million, with BlackRock’s IBIT accounting for $403 million. Combined with about $93.3 million out of Ether ETFs, that amounts to approximately $505.2 million in Bitcoin and Ether fund withdrawals that day.
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ETF outflows coincided with Ether’s decline—but do not prove its cause
Ether fell about 8.5% toward $2,220 on November 6, as reports described ETF withdrawals and forced liquidations. That timing shows simultaneous market stress, not that ETF redemptions alone caused the price decline.
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42 The available reports do not substantiate the question’s claim of more than $1 billion in bullish-position liquidations or establish that political developments caused the ETF outflows.
ETF flow data describe creations and redemptions in the funds being tracked. On their own, those figures cannot show how much Ether investors hold directly or through derivatives, nor do they measure activity on the Ethereum network. Negative ETF flows are therefore evidence of withdrawals from these products—not a complete measure of Ether exposure or network use.