# US Ethereum ETFs shed $377.8 million in three sessions Author: Hatice Ertaş Language: English Published: 2026-11-10T14:23:45+03:00 Updated: 2026-11-10T18:15:56+03:00 ![Light trails extend from both sides of a violet glass Ethereum symbol inside a metal ring.](https://kriptometa.com/uploads/abd-de-ethereum-etf-lerinden-uc-seansta-milyon-dolar-cikti-343950d84883_article.webp) ## Key takeaways - Monday’s $184.6 million outflow accounted for nearly half the three-session total. - BlackRock’s ETHA alone recorded $285.3 million in net withdrawals over the three sessions. - Morgan Stanley’s MSSE was the only fund to report an inflow, at $1.6 million. Five of the 11 funds recorded outflows on Monday. BlackRock’s two funds accounted for $140.1 million in withdrawals, while Morgan Stanley’s MSSE attracted $1.6 million. US spot Ethereum funds posted a net outflow of $184.6 million on Monday, November 9. [Farside Investors’ figures](https://farside.co.uk/eth/) show that almost as much money left the funds on Monday as on Thursday and Friday combined. Net withdrawals continued for a third straight trading day. ## Which fund recorded the largest outflow? BlackRock’s [ETHA, which tracks the price of ether](https://www.ishares.com/us/products/337614/ishares-ethereum-trust-etf), recorded $119.3 million in net withdrawals. Another $20.8 million left its [staked ether fund, ETHB](https://www.ishares.com/us/products/348532/ishares-staked-ethereum-trust-etf). Together the two accounted for $140.1 million, or about 76% of Monday’s net outflow. [Farside Investors’ daily report of a $119.3 million net outflow from ETHA](https://x.com/FarsideUK/status/2120016577898627435) Grayscale’s ETH fund shed $25 million and investors withdrew a net $19.1 million from Fidelity’s FETH. A further $2 million left [21shares’ TETH](https://www.21shares.com/en-us/products-us/teth). Net withdrawals across those five funds came to $186.2 million. An inflow of $1.6 million into [Morgan Stanley’s MSSE](https://www.morganstanley.com/im/en-us/individual-investor/products/etfs/digital-assets/morgan-stanley-ethereum-trust.html) brought the overall figure down. Farside reported $0.0 million for each of the five remaining tickers: ETHW, ETHV, QETH, EZET and ETHE. ETHA aims to track the price of [ether, the native asset of Ethereum](https://kriptometa.com/en/glossary/ethereum-ether). ETHB also aims to earn [staking rewards](https://kriptometa.com/en/glossary/staking) by committing part of its ether to help validate activity on the network. In [a March 18 video, starting at 0:18](https://www.youtube.com/watch?v=R1qPIW73oos&t=18s), iShares explains how investors can participate in those rewards through ETHB shares in a brokerage account. Shareholders do not have to run a validator themselves. ## How did the three-session run begin? On Wednesday, November 4, the funds took in a net $53 million. The following day, $75.2 million left ETHA and $22 million left ETHB. On Friday, ETHA’s outflow widened to $90.8 million while ETHB took in $1.1 million. ETHB returned to net outflows on Monday, the next trading day. Across the three sessions, withdrawals from ETHA alone totaled $285.3 million. Daily net flows for US spot Ethereum funds, in millions of US dollars | Trading day | Net flow | |---|---| | Wednesday, November 4 | +53.0 | | Thursday, November 5 | −99.9 | | Friday, November 6 | −93.3 | | Monday, November 9 | −184.6 | Farside reports daily flows to the nearest $100,000. Its five daily totals for November 2–6 add up to a net outflow of $365.2 million. [US spot Bitcoin funds posted $1.28 billion in net withdrawals that week](https://kriptometa.com/en/us-bitcoin-etfs-weekly-outflows-1-28-billion). Adding the weekly and three-session ether totals would count Thursday and Friday twice. Over the full month of October, [net withdrawals from the ether funds totaled $1.61 billion](https://kriptometa.com/en/ethereum-etf-october-2026-net-outflows). ## What happens when ETF shares change hands? When an investor sells [an exchange-traded fund share](https://kriptometa.com/en/glossary/etf) on the exchange, the buyer pays the seller. The trade counts toward exchange volume. The number of fund shares outstanding stays the same. As [iShares explains in its ETF guide](https://www.ishares.com/us/investor-education/etf-education/what-is-an-etf), authorized participants deal directly with the fund to create or redeem shares in large blocks. [Net flow](https://kriptometa.com/en/how-to-read-bitcoin-etf-flows) measures the value contributed for newly created shares less the value returned for redeemed shares. Even with the share count unchanged, a drop in ether’s price can reduce the dollar value of a fund’s holdings. The $184.6 million figure measures net withdrawals. It does not identify how many investors sold, whether they made or lost money, or why ether’s price moved.