Ethereum (ETH) ETF Outflows Hit $379M in 4 Days, Led by BlackRock's ETHA

Fourth Straight Day of Net Outflows

The outflow streak from United States spot Ethereum (ETH) ETFs stretched into a fourth session on Nov 10, though the daily figure shrank to a net $1.3 million. Issuer creation and redemption disclosures show a cumulative $379.1 million has left the products since the run began on Nov 5, with BlackRock's ETHA leading the exits through a five-day loss of $252.5 million. The five trading days from Nov 4 to Nov 10 produced a combined net outflow of $326.1 million. The Ethereum price now sits near $2,064, down 2.7% over the past 24 hours, although it has edged up about 0.4% since those flow figures were published early on Wednesday. The day's split rests on one product. Grayscale's Ethereum Mini Trust (ETH) shed $2.0 million on Nov 10, while the remaining funds together took in $0.7 million: BlackRock's ETHB drew $1.1 million, Morgan Stanley's MSSE added $1.6 million and 21Shares' TETH lost $0.4 million. Fidelity's FETH, Bitwise's ETHW, VanEck's ETHV, Franklin Templeton's EZET and Invesco Galaxy's QETH recorded no same-day flow, though across the five-day window the Grayscale mini trust lost $15.3 million, FETH gave up $3.8 million and ETHE, Grayscale's original trust, took in $9.2 million. The month has been heavy on balance. Net outflows reached $551.1 million between Nov 1 and Nov 10, after October ended with roughly $1.61 billion leaving the funds. Since launch in July 2024, cumulative net inflows still stand at $11.77 billion. BlackRock's ETHA has absorbed $11.40 billion of that total, while Grayscale's ETHE has paid out $5.53 billion since conversion.

ETHB Flips to Net Inflow

Tuesday's modest loss followed a much heavier session a day earlier. On Nov 9, the funds lost a combined $184.6 million, and BlackRock's iShares Ethereum (ETH) Trust (ETHA) drove the exit with $119.3 million of it. Grayscale's mini trust lost $25.0 million that day, ETHB shed $20.8 million and Fidelity's FETH gave up $19.1 million. The product-level picture then shifted on Nov 10. ETHB, BlackRock's staking Ethereum ETF, turned to a net inflow of $1.05 million, lifting its cumulative net intake to roughly $765 million since launch. The fund's weekly ledger still shows strain, because ETHB carried $63.0 million of the five-day outflows before Tuesday's gain trimmed it. A staking ETF differs from a plain spot fund in that it puts its holdings to work under the network's Proof of Stake design, where validators earn rewards that flow back to shareholders, so buyers get a yield component on top of price exposure. That structure can pull in demand conventional spot products miss, particularly when price momentum is weak. Grayscale's Ethereum (ETH) Mini Trust moved the other way, losing another $1.96 million on Nov 10, although its cumulative net intake still holds near $1.97 billion. Fidelity's FETH remains the second-largest cumulative intake at $2.43 billion, behind only ETHA. The remaining tallies stay small: Bitwise's ETHW has taken in $393.41 million since launch, VanEck's ETHV $153.3 million, Franklin Templeton's EZET $64.7 million, Invesco Galaxy's QETH $24.5 million and Morgan Stanley's MSSE $49.2 million.

COINOTAG's composite scoring places the strongest support below the market at $2,005, scored 99 out of 100, and the heaviest resistance at $2,190, scored 100, with spot at $2,064 caught between the two. Our trend model reads a downtrend for Ether inside the broader Ethereum market, the relative strength index sits near 30, perp funding runs at a neutral 0.0037% and open interest stands at $7.85 billion, while the Fear & Greed Index reads 29. The week's flows turn on concentration: ETHA carried $252.5 million of the $326.1 million in five-day outflows, about 77% of the total, so the streak's pace depends mainly on redemptions from a single BlackRock fund. Ether held just above $2,000 after the Sunday sell-off, and on-chain flows showed a whale repurchase near $2,031 of 6,087 ETH after the drop. The current support and resistance levels frame how far the next session can travel either side of that zone.