Ether ETFs Bleed $99.9M in Single Day as Institutional Demand Wavers

US spot Ether exchange-traded funds suffered a $99.9 million net outflow on November 5, according to data from Farside Investors, marking another sharp reversal after an $85.3 million outflow on November 3. The consecutive redemptions highlight persistent choppiness in institutional appetite for the second-largest cryptocurrency, even as Bitcoin ETFs have shown more resilient flows. The outflows suggest that traders may be rotating capital toward Bitcoin or taking risk off the table amid macro uncertainty and profit-taking after Ether’s recent rally. While daily flows can be volatile, the back-to-back nine-figure withdrawals underscore how Ether ETFs have struggled to sustain momentum since their July launch, with cumulative flows remaining deeply negative. For investors, the pattern signals that Ether’s price action may face headwinds if ETF demand continues to lag. With Ethereum’s upcoming network upgrades and potential regulatory clarity still on the horizon, the next few weeks will test whether institutional interest can stabilize—or if outflows will deepen further.