U.S. spot Ether ETFs recorded a net outflow of $99.9 million on November 5, according to Farside data, following a $53 million inflow on November 4. BlackRock accounted for most of the withdrawals, with $75.2 million from ETHA and $22 million from ETHB, while Fidelity and Grayscale also recorded outflows. The alternation between inflows and withdrawals indicates that demand remains uneven, after sessions with losses of $139.7 million and $85.3 million on November 2 and 3. These flows measure changes in exchange-traded funds only and neither establish broad bearish consensus among all investors nor predict the next move in ETH’s price.
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