BlackRock's Ethereum fund ETHA lost 580,145 ETH over the past month, according to Lookonchain. Farside data puts ETHA at about 88.4% of the category's October net outflow. Fidelity was the only issuer in the snapshot with a positive seven-day balance.
BlackRock recorded outflows of 580,145 ETH worth about $1.32 billion over the past month, according to Lookonchain's Nov. 2 update. The withdrawals continued from its Ethereum investment product, ETHA.
ETHA made up about 76.7% of daily withdrawals
Lookonchain's ETF snapshot recorded daily net withdrawals of 44,837 ETH, valued at $102.12 million, across the Ethereum funds it tracked. ETHA accounted for 34,383 ETH of those withdrawals, or approximately 76.7% of the total.
Over seven days, BlackRock's withdrawals reached 169,205 ETH, exceeding the tracked group's net outflow of 147,585 ETH. Fidelity moved the other way, attracting 27,067 ETH during that period.
Farside shows no positive ETHA session in October
Separate Farside data puts ETHA's October net withdrawals at approximately $1.4205 billion. The fund recorded no positive session during the month, although three sessions finished with zero net flows.
Across all Ethereum products in Farside's table, October withdrawals totaled approximately $1.6072 billion. ETHA therefore accounted for about 88.4% of the category's monthly net outflow.
Redemptions run through authorized participants
ETHA is an Ethereum ETF, and its redemption process runs through intermediaries. According to its SEC filing, individual investors cannot redeem shares directly with the trust; registered broker-dealers known as authorized participants handle that process.
Lookonchain's wallet images identify transfers between labeled addresses, but they do not identify the underlying ETF investors or their trading strategies.
Source: crypto.news
Trading involves risk.
Risk Disclaimer
