US spot Ethereum ETFs attracted a net $53.02 million on November 4, 2026, marking their first day of positive flows after a week of steady withdrawals, according to data from the funds. The prior week saw approximately $514.8 million leave the products.
Who bought, and who sold
BlackRock’s iShares Ethereum Trust (ETHA) led the buying, drawing between $32.75 million and $32.8 million on the day. The fund 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.
In total, five of the 11 spot Ethereum ETFs recorded inflows. The other six were flat or negative, indicating that 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. That was ETHB’s largest outflow since late June, meaning 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, with ETHA alone accounting for $626 million.
Cumulative net inflows across the 11 spot Ethereum ETFs now sit close to $12.08 billion to $12.12 billion, a tally that runs from their July 2024 launch to now. Total net assets across the group stand at around $14.12 billion, or 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.
