TLDR
Several US spot Ethereum ETFs saw redemptions this week. Notably, BlackRocks ETHA led outflows on multiple days, with figures such as $137.3 million reported on Nov 13 and $297 million for the week of Nov 37 per media summaries (ETHA outflows, weekly detail).
- Grayscales ETHE and Fidelitys FETH also posted outflows (examples: $49 million ETHE and $19.6 million FETH on Nov 13) per flow trackers summarized by media (ETHE and FETH).
- Across all ETH ETFs, daily outflows hit $259260 million on Nov 13 per aggregator data cited by major outlets (aggregate outflow, coverage).
- Redemptions continued over several sessions, with reports noting four consecutive days of ETH ETF outflows and a multi-day total above $700 million (streak context, weekly tally).
Deep Dive
1. BlackRock ETHA
BlackRocks ETHA was frequently the largest single-fund outflow. Examples include $137.3 million on Nov 13 and a weekly $297 million net outflow in early November as summarized by media using SoSoValue and Farside data (Nov 13 figure, weekly snapshot).
When the largest ETF leads redemptions, it reflects broad risk-off behavior rather than idiosyncratic pressure in a small fund.
2. Grayscale ETHE and Fidelity FETH
Several reports list specific daily outflows for ETHE and FETH, such as $49.3 million for ETHE and $19.6 million for FETH on Nov 13 (ETHE and FETH breakdown). Other coverage reaffirmed multi-fund ETH redemptions during the same window (daily recap).
Outflows were not isolated to one issuer. Multiple flagship funds saw withdrawals, signaling widespread investor de-risking.
3. Aggregate Outflows and Streak
Aggregate ETH ETF redemptions reached $259260 million on Nov 13, and reports noted four straight days of outflows around Nov 1114, with a multi-day total above $700 million (day total, streak and tally, weekly context).
Persistent multi-day outflows suggest macro risk aversion and tighter liquidity. If the streak extends, near-term ETH price recovery could remain constrained.
Conclusion
US spot Ethereum ETF flows this week show broad redemptions led by BlackRocks ETHA, with Grayscales ETHE and Fidelitys FETH also seeing withdrawals. The multi-day, multi-fund nature of the outflows points to risk-off sentiment rather than isolated fund issues, and sustained streaks could weigh on ETHs near-term momentum.
