---
title: "Ether Slides to $2,220 as US Ether ETFs Shed $100 Million"
description: "Spot ether investment products in the US logged $99.9 million in net outflows on Nov. 5, reversing net inflows from the prior day."
url: https://basisdesk.news/news/ether-slides-us-ether-etfs-net-outflows
published: 2026-11-06T07:26:11.261Z
modified: 2026-11-06T07:26:11.261Z
section: Ethereum & L2s
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: bearish
tickers: [ETH, BTC]
tags: [ethereum, etf, institutional-flows, markets]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# 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.

## 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:** [Ether Falls 8.5% to $2,220, Lagging Bitcoin](https://thedefiant.io/news/markets/ether-falls-8-5-to-2-220-lagging-bitcoin) — thedefiant.io

## 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].

## Editorial remark

- **Context:** US spot ether ETFs recorded significant withdrawals on Nov. 5, undoing an inflow of $53 million registered a day earlier amid widespread market weakness.
- **Impact:** Ether funds and market liquidity face immediate pressure as roughly $100 million exited US-listed ETF products in a single trading session.
- **Watch:** Subsequent daily ETF net flow data to determine whether institutional outflows persist or reverse.

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](https://basisdesk.news/news/bitcoin-slides-below-82k-tesla-earnings-kospi-drop). 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. [Ether Falls 8.5% to $2,220, Lagging Bitcoin](https://thedefiant.io/news/markets/ether-falls-8-5-to-2-220-lagging-bitcoin) — thedefiant.io, 2026-11-06

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai