Overview
- U.S. spot Ether ETFs posted about $139.7 million in net outflows on November 2, extending a multi‑day withdrawal streak reported across fund trackers.
- U.S. spot Bitcoin ETFs recorded roughly $398.6 million in net outflows on November 2 with BlackRock’s IBIT responsible for about $405.3 million of the withdrawals.
- On‑chain analytics flagged transfers tied to BlackRock‑linked addresses totaling roughly 580,145 ETH over the previous month, a movement valued at about $1.32 billion in Lookonchain’s Nov. 2 update.
- BlackRock said the large Bitcoin transfers reflect mechanical adjustments to match investor redemptions and not a proprietary sale or change in its view on crypto holdings.
- The flows follow October’s record $1.61 billion monthly net outflow for Ether ETFs and could pressure spot liquidity if redemptions persist, even as Ethereum has shown partial price recovery toward $2,300.