Ethereum ETFs Lose $140M as Ether Gains on Bitcoin

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Ethereum spot ETFs recorded $140 million in net outflows on November 2, 2026, according to ChainCatcher, citing RootData figures published by KuCoin.

The withdrawals came as Ether showed short-term resilience against Bitcoin despite broader cryptocurrency market weakness.

BlackRock’s iShares Ethereum Trust ETF (ETHA) recorded the session’s largest withdrawal. The withdrawal contrasts with the fund’s substantial cumulative net inflows since inception.

BlackRock’s ETHB fund also experienced redemptions, adding to the investment manager’s combined daily losses.

Ethereum ETF Fund Flows

The reported fund figures imply a $2.6 million net offset elsewhere, although the source does not identify which funds contributed.

Fund Identifier	November 2 Net Outflow	Cumulative Net Inflow
BlackRock ETHA	$138 million	$11.749 billion
BlackRock ETHB	$4.6 million	$783 million
Market Total Net	$140 million	Not stated

Ether Shows Relative Price Strength

The ETH/BTC exchange rate approached 0.03, trading near 0.029417 as Ethereum experienced a comparatively milder decline than Bitcoin.

Bitcoin fell towards $78,500 while Ethereum traded around $2,300, helping explain the relative movement without establishing a direct connection to ETF withdrawals.

Ethereum nevertheless faced technical resistance near its 200-day exponential moving average of $2,313 and its 100-day average of $2,353.

A sustained move above those levels would strengthen the recovery case, while failure to regain resistance could leave the lower $1,823 support target exposed.