US spot Ethereum ETFs took in a net $53 million on November 4, ending 7 consecutive sessions of outflows. It was the category’s first positive day since late October, a change in the demand signal after a week of withdrawals. But the inflow didn’t settle the question of price support: Ethereum later traded back toward the mid 2200s.
Across these 48 1-hour candles, Ethereum moves from $2,296.31 to $2,248.88, down 2.07%. 20 candles rise; 28 fall.
That’s the mismatch: fund buyers returned, while Ethereum rebounded above $2,400 before sliding back toward the mid 2200s. BlackRock’s ETHA brought in $32.8 million, but Grayscale’s Ethereum product saw $22.4 million leave. Other funds lifted the combined daily total to $53 million in net inflows. The session improved the demand picture, but the flow mix was still uneven.