According to SoSoValue data distributed by WuBlockchain, on November 4, 2025, Ethereum Spot ETF net outflows decreased by $219 million. This is the fifth consecutive day of outflows, indicating a consistently high level of caution among institutional investors. This is the trend of a volatile week in Ethereum trading, with the price fluctuating around the 3,000 mark, triggering profit-taking. The outflows signal a shift in the mood toward riskier assets as investors focus on stablecoins and Bitcoin ETFs.
BlackRock ETF ETHA leads withdrawals of $111 million
BlackRock iShares Ethereum Trust (ETHA) was the best-performing fund of funds with $111 million in withdrawals in a single session, representing more than 50% of daily withdrawals. Nevertheless, ETHA still has a historic cumulative net inflow of 13.975 billion, which was a result of previous institutional enthusiasm. Competitive operating costs of 0.25% have traditionally attracted long-term investors, but the current selloff appears to have clearly caused a temporary dip in spirits.
According to SoSoValue, the total net assets of Ethereum Spot ETFs amounted to 21.125 billion, which is equivalent to 5.45% of Ethereum’s market capitalization. Assuming an average Ethereum price of 3,000, this means the ETF will hold around 7 million shares, but the net asset base is also high, highlighting the fact that the current withdrawals are a matter of position changes and not an indication of a liquidity crisis.
Researchers cite unjust enrichment and transfer to Bitcoin ETFs
Changes in Ethereum ETF redemptions are related to profit taking by market analysts following active gains following the halving by 2025. Coinglass data shows that institutional investor portfolios are starting to move towards Bitcoin ETFs, with some modest inflows observed during the same week. Ethereum’s performance remains tied to macro factors such as interest rate cut expectations and US tech stock flows.
Control ETFs remain reliable despite downturns
However, the $219 million outflow does not mean that regulated Ethereum ETFs cannot garner investor confidence because their holdings are transparent and have low leverage. According to TradingView data, ETHA is trading at a 0.52% premium to NAV, indicating further demand. The Fidelity (FETH) and Grayscale (ETHE) ETFs have lower redemptions, implying a more stable market. A NAV of over 21 billion highlights that Ethereum is the second largest institutional crypto asset and that ETFs are one of the primary access points for traditional investors.
