Ethereum ETFs Lose $93.19 Million in a Day as BlackRock's ETHA Leads the Exit — ETH Holds Near $2,240
US spot Ethereum ETFs recorded $93.19 million in net outflows on Friday, November 6 — a second straight day of withdrawals — while Ether itself held near $2,240, just above the $2,200 support traders are watching. Almost the entire day's exit came from one fund: BlackRock's ETHA.
One fund did almost all of the selling
The fund-by-fund breakdown from SoSoValue data, reported by TokenPost, shows how concentrated the move was:
- BlackRock ETHA: -$90.76 million — over 97% of the day's total outflow
- Grayscale ETH: -$1.91 million
- Fidelity FETH: -$1.67 million
- BlackRock ETHB (staked ETH fund): +$1.15 million — the only fund to take money in
- The remaining seven products: zero net flow
The day followed $99.97 million of outflows on November 5, taking the two-day total to $193.16 million. Total trading volume across the spot Ether ETFs reached $728.85 million on November 6, with ETHA alone accounting for $563.53 million of it.
The bigger picture: still a large, young market
Daily outflows make headlines, but the stock of money in these products remains substantial. As of November 6:
- Total net assets: $12.84 billion, equal to about 4.71% of Ethereum's market capitalisation
- Cumulative net inflows since launch: $11.92 billion
- ETHA's own lifetime net inflow: $11.52 billion, with $6.55 billion in net assets — still by far the largest Ether fund
In other words, two days of withdrawals of about $193 million amount to roughly 1.6% of the cumulative money these funds have taken in since launch. That is a cooling of institutional demand, not an exit from the asset class — the same pattern Bitcoin's ETFs showed this week on a larger scale.
What it means for the ETH price
Ether closed November 6 at $2,238.58, almost unchanged on the day, after a 7.67% fall on November 5 from the November 4 close of $2,424.57. On November 7 it traded near $2,245. Analysts flag immediate support near $2,200, with $2,000 below it, and the recent rejection zone near $2,700 above.
The flow data and the price are telling slightly different stories, and both deserve respect. ETF redemptions are a settlement figure published after the fact — they describe what investors did yesterday, not what they will do tomorrow — and a single fund dominating the print means a small number of large holders rebalancing can move the headline number. At the same time, two consecutive outflow days after a sharp price drop is exactly what cautious institutional positioning looks like, and it is why the $2,200 level matters: it is where dip-buyers, including the on-chain whales who have been adding ETH this week, have so far been willing to step in.
For readers new to how these products work, our guide to how crypto ETFs work explains creations and redemptions in plain terms, and our coverage of XRP whale wallets hitting a 2026 high shows the other side of this market — large holders accumulating on-chain while ETF holders trim. Follow the ongoing coverage on the Zimbuck News page and in the Zimbuck Market News group.
FAQ
How much left US spot Ethereum ETFs on November 6? $93.19 million in net outflows, the second consecutive day of withdrawals after $99.97 million on November 5 — a two-day total of $193.16 million (SoSoValue, via TokenPost).
Which fund saw the biggest outflow? BlackRock's ETHA, with $90.76 million — more than 97% of the day's total. BlackRock's staked fund ETHB was the only product with an inflow, at $1.15 million.
How big are Ether ETFs overall? $12.84 billion in net assets (about 4.71% of Ethereum's market cap) and $11.92 billion in cumulative net inflows since launch.
Does an ETF outflow day mean ETH will fall? No. Flows are backward-looking settlement data and can be dominated by a few large holders. They signal cooling short-term institutional demand; price still depends on spot buying and selling.
Source: TokenPost — Ethereum spot ETFs post $93.19M net outflow, reporting SoSoValue data.
This article is market news and general information only, not financial advice. Join the conversation on Zimbuck — the finance social platform for traders and investors: https://zimbuck.com
