Ethereum spot ETFs post seventh day of outflows as $85.35 million exits

U.S. spot Ethereum ETFs recorded a seventh consecutive trading day of net outflows.

According to SoSoValue, the funds posted net outflows of $85.35 million on November 3.

The outflow streak extended from October 26, although daily withdrawals fell about 39% from the previous session. Cumulative net inflows stood at $12.06 billion.

Two of the 11 funds recorded withdrawals: BlackRock’s ETHA lost $74.44 million, while Grayscale’s ETH saw $10.91 million leave.

Total trading volume across spot Ethereum ETFs reached $352.93 million. BlackRock’s ETHA led with $261.04 million, followed by Grayscale’s ETH at $28.92 million and Fidelity’s FETH at $20.67 million.

Total net assets stood at $13.32 billion, equivalent to about 4.76% of Ethereum’s market capitalization. BlackRock’s ETHA held the most assets at $6.86 billion, followed by Grayscale’s ETH at $2.09 billion and Grayscale’s ETHE at $1.55 billion.