BlackRock’s ETHA sheds $119.28 million as Ethereum spot ETFs extend outflows to third session

U.S. spot Ethereum ETFs recorded net outflows for a third consecutive trading session. Data from SoSoValue showed net outflows of $184.51 million on November 9. The outflow streak began on November 5, with the latest daily withdrawal roughly 2.0 times the previous session’s. Cumulative net inflows stood at $11.74 billion. Among the 11 ETFs, MSSE was the only fund to attract inflows, taking in $1.60 million. Five funds recorded withdrawals: BlackRock’s ETHA lost $119.28 million, Grayscale’s ETH $24.96 million, BlackRock’s ETHB $20.79 million, Fidelity’s FETH $19.07 million and 21Shares’ TETH $2.02 million. ETHA’s withdrawals alone exceeded the inflows into MSSE.