BlackRock leads $53.02 million Ethereum ETF inflow, ending a weeklong outflow streak

The inflow led by BlackRock signals potential renewed investor confidence in Ethereum ETFs, despite recent volatility and concentrated buying.

US spot Ethereum funds posted their first positive day after roughly $514.8 million left the products over the prior week
Thu 5 Nov 2026 · 01:46 EST · 3 min read
In Ethereum
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US spot Ethereum ETFs took in a net $53.02 million on November 4, 2026. That was their first day of positive flows after a week of steady withdrawals.
BlackRock led the buying, as it usually does. After roughly $514.8 million walked out the door over the prior week, a single green day is a modest change of mood.
Who bought, and who sold
BlackRock’s iShares Ethereum Trust, ticker ETHA, did most of the work. The fund drew between $32.75 million and $32.8 million on the day.
ETHA is the giant of this corner of the market. It holds approximately 3.53 million ETH, carries total assets of $8.61 billion, and controls a 59.5% market share.
Fidelity’s FETH came in second with $19.24 million of inflows. Grayscale’s two products also attracted fresh money: its ETH fund added $13.6 million and ETHE took in $9.68 million.
21Shares’ TETH rounded out the list with $0.12 million.
All told, five of the 11 spot Ethereum ETFs recorded inflows. The other six were flat or negative, which says buying interest was concentrated rather than broad.
The day also carried a notable exception inside BlackRock’s own lineup. ETHB, the firm’s separate staking-focused Ethereum product, lost $22.38 million.
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That was ETHB’s largest outflow since late June. So BlackRock had money coming in one door and leaving through another on the same afternoon.
Volume, assets and the bigger picture
Trading activity was brisk. Total ETF trading volume reached $947.59 million on the day.
ETHA alone accounted for $626 million of that.
Zooming out, cumulative net inflows across the 11 spot Ethereum ETFs now sit close to $12.08 billion to $12.12 billion. That tally runs from their July 2024 launch to now.
Total net assets across the group stand at around $14.12 billion. That works out to approximately 4.77% of Ethereum’s market capitalization.
ETH itself closed near $2,273 to $2,274 on November 4.
How we got here
Spot Ethereum ETFs arrived in the US in July 2024. They followed the path cut by spot Bitcoin ETFs, giving traditional investors exposure to ETH through a brokerage account instead of a crypto exchange.
The week before November 4 was a down wave, with outflows totaling approximately $514.8 million.
What this means
The concentration matters. ETHA and FETH together account for the bulk of the day’s buying, while only five of 11 funds saw any inflow at all.
The ETHB outflow is the more interesting puzzle. The research suggests it may reflect investors reallocating within BlackRock’s own product shelf rather than turning negative on Ethereum. Still, the source does not confirm where ETHB’s departing money went, so the reallocation idea remains an interpretation, not a fact.
ETHA’s 59.5% share and its $626 million slice of daily volume give it a gravity that smaller funds struggle to match. TETH’s $0.12 million inflow shows how thin the scraps can get further down the table.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.