Major funds affected include BlackRock’s iShares Ethereum Trust (ETHA) and Fidelity’s Ethereum Fund (FETH).
US-listed spot Ethereum ETFs recorded $1.4 billion in net outflows in November as investors retreated from spot crypto funds during a choppy month for markets.
The outflows affected major funds, including BlackRock’s iShares Ethereum Trust (ETHA) and Fidelity’s Ethereum Fund (FETH), both of which track Ethereum’s price performance without requiring direct crypto holdings.
Spot Ethereum ETFs displayed mixed daily flows throughout the month, with some funds recording inflows on specific days despite the overall outflow pattern. The funds have experienced fluctuating investor interest since their launch, reflecting dynamic sentiment in the crypto ETF space.
The Ethereum ETF outflows occurred alongside similar trends in Bitcoin ETFs, as investors adjusted positions in response to heightened market volatility.
