US spot ETH ETFs revert to outflows with $48.1M withdrawal

U.S. spot Ethereum ETFs recorded a net outflow of $48.1 million on Nov. 7, reversing back to outflows just one day after snapping a seven-day losing streak, according to data from Trader T. The negative flow was driven by a $72.23 million withdrawal from Fidelity's FETH and an $11.42 million outflow from Grayscale's ETH fund. These outflows more than offset a $32.96 million net inflow into BlackRock's ETHA.