Ethereum ETFs Bleed for a Sixth Straight Day Led by ETHA
By Damilola Esebame
AI summary of the source article
U.S. spot Ethereum ETFs registered a net outflow of $140 million on November 2, marking a sixth consecutive trading day of redemptions. BlackRock’s iShares Ethereum Trust led the withdrawals, accounting for $138 million of the total.
Why it matters
ETHA's dominance points to "institutional repositioning rather than broad-based retail selling."
Key facts
- U.S. spot Ethereum ETFs saw $140 million in net outflows on November 2, marking six straight days of redemptions.
- BlackRock's iShares Ethereum Trust (ETHA) accounted for $138 million, or 98.6%, of the daily Ether ETF net outflows.
- Ethereum ETFs posted a record monthly net outflow of $1.61 billion in October.
Source excerpt · FinanceFeeds
U.S. spot Ethereum exchange-traded funds (ETFs) recorded a net outflow of $140 million on November 2, marking the sixth consecutive trading day of redemptions, according to SoSoValue data reported by KuCoin . BlackRock’s iShares Ethereum Trust (ETHA) accounted for $138 million of the total, while its staked Ether product ETHB added another $4.6 million in withdrawals. BlackRock Fund Accounts For 9…