Spot Ethereum ETFs See Record Monthly Outflows Exceeding $1.4 Billion

• More than $3.48 billion was withdrawn from bitcoin-ETFs in November 2025.
• This is the second worst indicator since the launch of the products.
• The outflow from Ethereum-ETF reached $1.42 billion — an absolute anti-record.
• The decline coincided with the fall in quotes of the first cryptocurrency and Ethereum.

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In November 2025, investors withdrew more than $3.48 billion from spot bitcoin-ETFs, the second largest monthly outflow since the launch of such products, SoSoValue data shows.

Capital inflows/outflows in the U.S. spot bitcoin-ETF sector by month. Source: SoSoValue.

During the first three weeks of November, outflows from bitcoin funds totaled more than $1 billion. Only in the last week of the month, they noted a minimal inflow – about $70 million.

Similar dynamics was recorded in Ethereum-ETFs. Over the month, more than $1.42 billion was withdrawn from these funds — the worst indicator in the history of the instruments’ existence.

The biggest losses occurred in the first three weeks: $507 million, $728 million and $500 million respectively. At the end of the month the situation improved — over November 24-28 the funds attracted more than $312 million.

Capital inflow/outflow in the U.S. sector of spot Ethereum-ETFs by month. Source: SoSoValue.

Note that the outflows coincided with a drop in the prices of key digital assets. Bitcoin fell in price by about 17% over the month, while Ethereum lost more than 22%. Both cryptocurrencies closed November with their worst results since 2018.