U.S. Spot Ether ETFs Shed $2.35 Billion Over Seven Weeks

U.S. spot Ether (ETH) exchange-traded funds saw $2.35 billion in withdrawals over seven weeks, extending a pullback that reached a post-launch monthly high in October.

October outflows totaled $1.607 billion, the largest monthly amount since the funds began trading in July 2024. BlackRock’s iShares Ethereum Trust, which trades as ETHA, accounted for $1.42 billion in October. During the weeks with the heaviest withdrawals, ETHA represented 85% to 90% of the total. Fidelity’s FETH recorded modest inflows that month.

The withdrawals continued into November. Earlier, Ether ETFs posted $431.4 million in net outflows from Oct. 26 through Oct. 30, detailed in a five-session tally.

Ether ETF flows were positive in August and September before turning negative in October. Bitcoin ETF flows shifted between inflows and outflows over the same broader period, while Ether funds saw more persistent withdrawals.

Cumulative net inflows to Ether ETFs since their July 2024 launch stood at about $11.59 billion as of mid-November 2026. That lifetime measure tracks money entering the funds over time; net assets also reflect withdrawals and changes in Ether’s price.