Ethereum (ETH) ETFs Shed $400 Million in Five Days

Five Days of Net Redemptions

Roughly $400 million left spot Ethereum (ETH) ETFs over the past five business days, according to the daily creation and redemption disclosures issuers file for the products. The heaviest session came on Monday, November 9, when $184.51 million in redemptions hit, with only a token $1.32 million slipping out on Tuesday. The pace picked up again midweek: $144.81 million left on Wednesday and $70.57 million on Thursday. Friday broke the streak, though barely, as the products absorbed $2.36 million in net creations, the only positive print of the five-day stretch. Before that session, the products had run four straight red days without a single creation print. Monday's $184.51 million draw alone accounted for nearly half of the five-day total, while Tuesday's $1.32 million was the smallest redemption day of the stretch. The ETF wrappers have gone without a green week since the redemption cycle opened at the end of September and ran into early October.

The Ethereum (ETH) price changed hands near $1,835 at the time of writing, 0.2% higher since the newest flow disclosure but still 3.1% lower across the trailing 24 hours.
Monday, November 9: $184.51 million net outflow
Tuesday: $1.32 million net outflow
Wednesday: $144.81 million net outflow
Thursday: $70.57 million net outflow
Friday: $2.36 million net inflow
The Ethereum (ETH) funds reach further back than this week. The products have not posted a single green seven-day span since net redemptions opened at the end of September and carried into early October, and no other session in the latest window was positive. Monday's $184.51 million draw remains the largest single-day figure of the five-day stretch. The Bitcoin products ran the same direction at a far larger scale over the identical window. Spot Bitcoin ETFs shed $1.07 billion in net withdrawals for the week and $2.35 billion across two weeks, on daily prints of more than $201 million on Monday, November 9, $95 million on Tuesday, $300 million on Wednesday, $284 million on Thursday and $185.45 million on Friday. Not one of the five sessions went green for the Bitcoin complex. Only one of the ten business days traded in November has closed in the green. The cumulative net inflow total for the Bitcoin funds has fallen from $57 billion on October 30 to $54.63 billion on November 13, a drawdown of roughly $2.37 billion in two weeks. The two-week Bitcoin figure alone outmasses the entire five-day Ethereum (ETH) total by a factor of close to six. Friday's split marked the one session where the two complexes diverged: Bitcoin funds still shed $185.45 million while the Ethereum products took in $2.36 million. The flows ran alongside a steep market: Bitcoin slid from around $81,000 to $62,000 in ten days, and the tape carried a 9.3% single-day slide in Ethereum that outpaced Bitcoin's own drop over 24 hours.

Price Sits Under $1,840 Resistance

The redemption tape reached a market already pinned under its own overhead supply. Our composite level scoring rates the nearest resistance at $1,839.61, scored 75 out of 100, with spot trading just beneath it at $1,835; the strongest support below sits at $1,730.85 with a score of 84 out of 100, the zone the market probed before a rebound to $1,831. The daily trend remains down, perpetual funding prints at -0.0033%, a mild negative rate that has shorts paying longs, and the full level map sits in our Ethereum technical analysis. Exchange balances cut against the fund outflows: reserve drawdowns on Binance have taken exchange-held ETH to levels last seen in 2021. The Fear and Greed Index stands at 10 out of 100, a print inside its extreme-fear band.