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Ether ETFs Face Another $99.9M Outflow as Demand Stays Uneven

US spot Ether ETFs posted a $99.9 million net outflow on November 5, Farside data show, following an $85.

Brief

By Dextape Desk ·

US spot Ether ETFs recorded a net outflow of $99.9 million on November 5, according to Farside Investors data cited in the article, reversing a $53 million net inflow the previous day. BlackRock's ETHA accounted for $75.2 million of the withdrawals, while its ETHB fund saw $22 million leave. Fidelity's FETH fell by $2.2 million and Grayscale's ETHE lost $500,000. The article notes earlier losses of $139.7 million on November 2 and $85.3 million on November 3, describing the flows as intermittent buying that has not overcome repeated selling. The article adds that ETF flows capture only part of Ethereum activity, since institutions can also gain exposure through derivatives and other vehicles. Separately, the Ethereum Foundation said on November 6 it was delaying Glamsterdam testing over worries that new gas adjustments might impact current apps.

Why it matters: Persistent swings in US ether fund flows offer a gauge of institutional demand, though they capture only part of ethereum's total activity.

Mentioned: Ethereum, BlackRock, Fidelity

Summary by Dextape, based on reporting by NewsBTC. Machine-written from NewsBTC’s report and checked against it · How Dextape writes

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