BlackRock’s ETHA sheds $119.28 million as Ethereum spot ETFs extend outflows to third session

U.S. spot Ethereum ETFs recorded net outflows for a third consecutive trading session.

Data from SoSoValue showed net outflows of $184.51 million on November 9.

The outflow streak began on November 5, with the latest daily withdrawal roughly 2.0 times the previous session’s. Cumulative net inflows stood at $11.74 billion.

Among the 11 ETFs, MSSE was the only fund to attract inflows, taking in $1.60 million.

Five funds recorded withdrawals: BlackRock’s ETHA lost $119.28 million, Grayscale’s ETH $24.96 million, BlackRock’s ETHB $20.79 million, Fidelity’s FETH $19.07 million and 21Shares’ TETH $2.02 million. ETHA’s withdrawals alone exceeded the inflows into MSSE.

Total trading volume across spot Ethereum ETFs reached $651.11 million. BlackRock’s ETHA led with $499.59 million, followed by Grayscale’s ETH at $66.89 million and Grayscale’s ETHE at $37.59 million.

Total net assets stood at $12.07 billion, equivalent to about 4.64% of Ethereum’s market capitalization. BlackRock’s ETHA held the most net assets at $6.13 billion, followed by Grayscale’s ETH at $1.93 billion and Grayscale’s ETHE at $1.45 billion.