
BlackRock’s $146.6M Ethereum ETF withdrawal drove November 5 crypto ETF outflows higher, marking the sixth consecutive day of net redemptions across major U.S. offerings.
On November 5, Bitcoin ETFs saw net outflows of 5,057 BTC valued at $519.48 million, led by Fidelity’s 3,552 BTC ($364.93 million) redemption, leaving it with 201,225 BTC ($20.67 billion). Ethereum ETFs recorded total net outflows of $118.5 million, marking six straight days of withdrawals. BlackRock’s ETHA withdrew $146.6 million, while Grayscale’s ETH logged a $24.1 million inflow. Fidelity contributed 6,237 ETH ($20.89 million) to the Ethereum outflows, retaining 738,962 ETH ($2.48 billion). Persistent outflows underline continued cautious investor sentiment in crypto ETF markets.