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Ethereum & L2s · 1 min read

Ether Slides to $2,220 as US Ether ETFs Shed $100 Million

Spot ether investment products in the US logged $99.9 million in net outflows on Nov. 5, reversing net inflows from the prior day.

Editorial oversight: Julian Mercer, Chief Editor
Bearish
$ETH $2,235 −7.5% $BTC $76,054 −5.3%

At a glance

What happened
Ether dropped 8.5% to $2,220 as US spot ether ETFs experienced $99.9 million in net outflows on Nov. 5.
Why it matters
The redemptions erased a prior $53 million inflow and extended ether's market underperformance against bitcoin.
Who is affected
US spot ether ETF investors and market participants trading ether.
What's next
Reporting of subsequent trading day net inflow and outflow figures for US ether ETFs.
Primary source
thedefiant.io: Ether Falls 8.5% to $2,220, Lagging Bitcoin

Key points

  • Ether dropped 8.5% to $2,220, trailing behind Bitcoin's performance 1.
  • US spot ether ETFs experienced $99.9 million in net outflows on Nov. 5 1.
  • The net redemptions reversed $53 million in inflows recorded the preceding day 1.

Ether fell 8.5% to $2,220, lagging behind broader market movements as investment vehicles tied to the second-largest digital asset saw an acceleration in liquidations 1. At the time of writing, $ETH traded around $2,217, down 8.4% over 24 hours, while $BTC dropped 6.4% to $75,338.

The decline coincided with a sharp reversal in institutional product demand. US spot ether exchange-traded funds recorded $99.9 million in aggregate net withdrawals on Nov. 5 1. The outflows offset a preceding session of accumulation, reversing net inflows of $53 million logged the day before 1.

Shifting Product Flows

The redemptions highlight volatile allocations across institutional wrapper products following a broader market contraction, which has also weighed on major assets like Bitcoin. With aggregate market capitalization dropping to $2.54 trillion and broader market sentiment sliding into fear, single-day outflows approaching nine figures present an immediate liquidity headwind for the asset 1.

Market participants continue to assess whether institutional appetite will stabilize or if continued ETF redemptions will prolong underperformance relative to Bitcoin 1.

Sources

  1. [1] Ether Falls 8.5% to $2,220, Lagging Bitcoin — thedefiant.io, November 6, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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Not financial advice. Basis Desk publishes information, not recommendations. Crypto assets are volatile and you can lose what you invest.