Ethereum Plunges 16% Amid Spot ETF Exodus—Four Straight Days of Bleeding

Ethereum's price tanks as institutional interest wanes—spot ETFs hemorrhage capital for 96 straight hours. The smart contract pioneer now faces its steepest drop since the last crypto winter.

Blood in the water? Wall Street's latest 'blockchain innovation'—paper ETFs tracking digital assets—can't seem to hold liquidity when markets turn. Traders flee to sidelines as ETH tests critical support levels.

Meanwhile, crypto degens shrug: 'Just another buying opportunity.' Because nothing screams 'sound investment' like catching falling knives—especially when traditional finance's half-baked crypto products amplify the volatility.

TLDR

• U.S. spot Ethereum ETFs recorded net outflows of $179.66 million in one trading day, marking the fourth consecutive day of outflows
• BlackRock’s ETHA product accounted for $175.03 million of the total outflows, representing the majority of money leaving
• Ethereum dropped 2.1% over a 24-hour period, with the decline reaching as high as 3.8% earlier in the session
• Long liquidations in Ethereum perpetual futures contracts totaled $2.7 million compared to just $1 million in short liquidations
• The combined outflows from Bitcoin and Ethereum spot ETFs exceeded $1 billion over the past day

U.S. spot ethereum ETFs experienced net outflows of $179.66 million in a single trading day. The withdrawals mark the fourth consecutive day that money has left these investment products.

On November 14, Bitcoin spot ETFs recorded $492 million in net outflows, marking the third consecutive day of redemptions, while Ethereum spot ETFs saw $178 million in net outflows for a fourth straight day. Solana spot ETFs posted $12.04 million in net inflows. XRPC saw no net… pic.twitter.com/D7PSzYQmfu

— Wu Blockchain (@WuBlockchain) November 15, 2025

BlackRock’s ETHA product saw the largest exodus. The fund recorded $175.03 million in outflows, representing the vast majority of the total money leaving Ethereum ETFs.

Grayscale’s ETHE also experienced withdrawals. The product saw $4.63 million exit during the same period. All other Ethereum ETF products showed no net inflows or outflows.

The price of Ethereum fell 2.1% over a 24-hour period ending at 2 p.m. ET. The token’s decline reached as high as 3.8% earlier in the trading session before recovering some losses.

Combined outflows from Bitcoin and Ethereum spot ETFs exceeded $1 billion over the past day. The majority of these withdrawals came from Bitcoin ETFs. New XRP spot ETF offerings may be drawing liquidity away from existing Bitcoin and Ethereum products.

Derivatives Market Shows Selling Pressure

Liquidations data from the perpetual futures market reveals one-sided pressure on Ethereum. Long liquidations totaled roughly $2.7 million over the past 24 hours.

Short liquidations during the same period reached just over $1 million. The imbalance between long and short position liquidations has contributed to continued selling pressure on the token.

Perpetual futures contracts allow investors to bet on price movements without holding the actual cryptocurrency. When positions MOVE against traders, they get liquidated, forcing sales that can amplify price declines.

Recent Recovery Provides Some Relief

Ethereum has recovered a portion of its losses from earlier in the session. The token trades as the world’s second-largest cryptocurrency by market capitalization.

Institutional investment through spot ETFs remains a key factor in Ethereum’s price movements. The four-day streak of outflows totaling $179.66 million on the most recent day represents a shift in institutional sentiment.

The derivatives market continues to show more long positions being destroyed than short positions. This pattern has led to sustained downward pressure on Ethereum’s price throughout the trading day.