US spot Ether exchange-traded funds recorded $184.6 million in net withdrawals on November 9, according to Farside Investors. BlackRock’s ETHA had $119.3 million in outflows, the largest reported share. The figures reflect fund flows, not a measure of Ethereum network use or a forecast of ETH’s price.
It was the third consecutive session of net withdrawals, following $99.9 million on November 5 and $93.3 million on November 6. Bitcoin funds also had negative flows on November 9, but the source cautions against drawing a precise conclusion about relative investor demand from the daily totals. ETF figures may be revised if an issuer reports late.
