Ether Falls 8.5% to $2,220 as ETF Outflows Return
Ether (ETH) declined 8.5% to $2,220, underperforming Bitcoin during a broader cryptocurrency market downturn. The price weakness coincided with renewed withdrawals from U.S. spot Ether exchange-traded funds (ETFs), which recorded $99.9 million in net outflows on November 5.
The latest withdrawals reversed the previous trading session's positive flow, when the funds attracted $53 million on November 4. The change highlights a sharp shift in daily investor activity across the U.S. spot Ether ETF market.
Ether Underperforms Bitcoin During Market Weakness
Ether experienced a steeper decline than Bitcoin, reflecting weaker price performance during the November 5 market session. ETH dropped 8.5% to $2,220, while Bitcoin recorded a smaller percentage decline.
The difference in performance places Ether among the weaker major cryptocurrencies during the period. Although both assets faced selling pressure, Ether's larger decline indicates that it struggled more than Bitcoin during the market downturn.
Price movements alone do not establish the reason behind the difference in performance. However, the decline provides a snapshot of how the two largest cryptocurrencies responded differently during the same market period.
U.S. Spot Ether ETFs Reverse Previous Inflows
Investor activity in U.S. spot Ether ETFs also turned negative on November 5. The funds recorded approximately $99.9 million in combined net withdrawals, reversing the $53 million inflow registered one day earlier.
The shift represents a $152.9 million change in daily net flows between the two sessions. While November 4 brought fresh capital into the funds, the following trading day saw withdrawals exceed the previous session's inflows.
ETF flow figures measure the net movement of capital into and out of investment products. They provide an indication of investor demand for regulated Ether exposure, although a single day's withdrawals do not establish a longer-term trend.
Investors can monitor daily activity through the SoSoValue U.S. Ethereum ETF tracker, which provides data on spot ETF flows and fund activity.
What the Latest ETF Reversal Means for Ethereum
The reversal in ETF flows adds another negative signal to Ether's latest price performance. The combination of an 8.5% decline and nearly $100 million in ETF withdrawals shows weakness across both market pricing and investment-product flows.
However, these are separate indicators. ETF outflows do not necessarily explain the full price decline, and daily withdrawals do not automatically indicate that institutional investors have abandoned Ether. Market participants typically assess flow data across multiple sessions to understand whether a short-term change is developing into a broader pattern.
The previous day's $53 million inflow also shows that investor activity can change quickly. Whether the November 5 withdrawals continue or reverse in subsequent sessions will provide a clearer picture of demand for U.S. spot Ether ETFs.
Ether's Next Moves Depend on Market Demand
Ether's decline to $2,220 puts renewed attention on its relative performance against Bitcoin and the direction of ETF investment flows. The latest figures show that ETH experienced a sharper price drop while its U.S. spot investment products moved from net inflows to substantial withdrawals.
For now, the November 5 data captures a single session of weaker performance rather than confirming a sustained trend. Further price movements and daily ETF flow readings will help determine whether demand for Ether stabilizes or remains under pressure.
Investors can follow the Ethereum market price and compare daily fund activity using the Farside Investors Ether ETF flow tracker as new data becomes available.
