Spot Ether ETFs Shed Nearly $100M as Inflows Reverse

US spot ether ETFs experienced a sharp reversal on November 5, with net outflows reaching nearly $100 million. NewsBTC reported a precise $99.9 million decline based on Farside data, while Live Bitcoin News cited SoSoValue for the same broad result. The figures show that creations seen in the preceding session were more than offset by redemptions.

Live Bitcoin News said the outflow followed approximately $53 million of inflows during the prior session. That comparison illustrates the speed with which the direction of demand for regulated ether exposure changed, even though the latest session produced a substantially larger withdrawal than the preceding day’s inflow generated.

NewsBTC framed the move against an earlier $85.3 million outflow on November 3, highlighting that November 5 was not the first negative flow in the reported period. It also described the latest session as a temporary interruption to more recent inflows. The two outlets therefore emphasize different parts of the short sequence: a one-day reversal versus a broader pattern of alternating flows.

BlackRock’s ETHA accounted for the largest share of the November 5 redemptions, according to Live Bitcoin News, at approximately $75.2 million. That figure was not repeated by NewsBTC and represents a detail available only from the former’s SoSoValue-based reporting, but it indicates that withdrawals were concentrated in one of the largest spot ether ETF products.

The wider crypto market was comparatively subdued during the reported ETF outflow. Total market capitalization stood at $2.61 trillion, the overall market was flat, and Bitcoin was up 0.07% over 24 hours. The Fear & Greed reading remained at 25, classified as Extreme Fear. The next data point to watch is whether subsequent sessions produce renewed creations or continued redemptions, particularly from ETHA, following the abrupt reversal on November 5.