Key Takeaways
- • U.S. spot Ethereum ETFs recorded roughly $320.1 million in net withdrawals during the October 12–16 trading week, exceeding the $228.4 million outflow from Bitcoin ETFs, according to Farside Investors' daily fund-flow records.
- • BlackRock's iShares Ethereum Trust (ETHA) accounted for nearly $299 million of the Ethereum category's weekly outflows, the largest contributor to the negative total.
- • The October 12–16 results marked a third consecutive week of net withdrawals from Ethereum ETFs, with cumulative outflows across the three weeks of approximately $1 billion.
- • Bitcoin ETFs experienced larger single-day swings, including a $261.4 million outflow on Wednesday, while Ethereum funds recorded just one net-positive session during the week.
- • Bitcoin traded near $81,238 and Ethereum near $2,386 on October 18 per CoinGecko, after briefly dipping below $80,000 and approaching $2,300 during the week.
Summary
U.S. spot Ethereum ETFs finished the October 12–16 trading week with approximately $320.1 million in net withdrawals, compared with $228.4 million from U.S. spot Bitcoin ETFs, according to Farside Investors' daily fund-flow records. The difference amounts to roughly $91.7 million using Farside's rounded daily figures. Ethereum products ended four of the five sessions in negative territory, with Monday seeing $85.4 million in outflows, a $24.8 million inflow on Tuesday, a $129.5 million withdrawal on Wednesday (the category's largest single-day outflow of the week), $60.3 million out on Thursday and $69.7 million out on Friday.
BlackRock's iShares Ethereum Trust (ETHA) was the dominant source of redemptions, recording roughly $299 million in net withdrawals, or approximately 93.4% of the category's net weekly outflow. This percentage reflects ETHA's withdrawals relative to the category's net total after offsetting inflows from other funds, not a share of every gross dollar redeemed. Fidelity's FETH attracted modest inflows on Tuesday and Thursday, while Grayscale's Ethereum Mini Trust received $16.7 million on Tuesday but finished the week negative. Bitcoin ETFs showed a more volatile pattern: they lost $65.4 million on Monday, gained $175.7 million on Tuesday, lost $261.4 million on Wednesday, gained $5.1 million on Thursday and lost $82.4 million on Friday. BlackRock's iShares Bitcoin Trust (IBIT) lost approximately $165.4 million over the period, while Fidelity's FBTC recorded $60.2 million in outflows and Morgan Stanley's MSBT gained roughly $6.7 million. Combined net withdrawals from both categories reached approximately $548.5 million over the five sessions.
The outflows coincided with weak cryptocurrency prices. According to CoinGecko, Bitcoin stood near $81,238 on October 18, with a 24-hour range of approximately $80,823 to $82,178, after briefly falling below $80,000 earlier in the week, with a low near $79,800. Ethereum was placed at approximately $2,386 on October 18 and had approached $2,300 during the week's decline. Bitcoin traded below $82,000 on October 14 after U.S. September consumer price index data showed annual inflation of 3.7%, above the 3.6% forecast. Those figures were released on the same day Bitcoin ETFs recorded their largest weekly outflow, though the timing does not establish that ETF redemptions caused the price decline. Separately, an October 15 analyst report from Darkfost identified $106 million in ETH long-position liquidations within one hour after the inflation release; these leveraged derivatives positions are distinct from spot ETF flows.
The October 12–16 results extended a trend of weakness for Ethereum products. Ethereum ETFs lost roughly $542 million during the prior week of October 5–9, according to Farside, bringing outflows across the three weeks to approximately $1 billion. Bitcoin ETFs lost about $679 million during October 5–9, making the latest $228 million weekly loss comparatively smaller. Crypto.news previously reported a $484.9 million Bitcoin ETF outflow on October 7. A separate weekly report published October 17 recorded $610.7 million in net withdrawals across five tracked crypto ETF categories, including Solana, Zcash and Hyperliquid products. Despite recent outflows, Farside's October 16 cumulative tables show net inflows since launch of approximately $56.95 billion for Bitcoin ETFs and $12.97 billion for Ethereum ETFs; these figures reflect cumulative net investor flows rather than current portfolio market value.
BlackRock's iShares Ethereum Trust (ETHA) was the dominant source of redemptions, recording roughly $299 million in net withdrawals, or approximately 93.4% of the category's net weekly outflow. This percentage reflects ETHA's withdrawals relative to the category's net total after offsetting inflows from other funds, not a share of every gross dollar redeemed. Fidelity's FETH attracted modest inflows on Tuesday and Thursday, while Grayscale's Ethereum Mini Trust received $16.7 million on Tuesday but finished the week negative. Bitcoin ETFs showed a more volatile pattern: they lost $65.4 million on Monday, gained $175.7 million on Tuesday, lost $261.4 million on Wednesday, gained $5.1 million on Thursday and lost $82.4 million on Friday. BlackRock's iShares Bitcoin Trust (IBIT) lost approximately $165.4 million over the period, while Fidelity's FBTC recorded $60.2 million in outflows and Morgan Stanley's MSBT gained roughly $6.7 million. Combined net withdrawals from both categories reached approximately $548.5 million over the five sessions.
The outflows coincided with weak cryptocurrency prices. According to CoinGecko, Bitcoin stood near $81,238 on October 18, with a 24-hour range of approximately $80,823 to $82,178, after briefly falling below $80,000 earlier in the week, with a low near $79,800. Ethereum was placed at approximately $2,386 on October 18 and had approached $2,300 during the week's decline. Bitcoin traded below $82,000 on October 14 after U.S. September consumer price index data showed annual inflation of 3.7%, above the 3.6% forecast. Those figures were released on the same day Bitcoin ETFs recorded their largest weekly outflow, though the timing does not establish that ETF redemptions caused the price decline. Separately, an October 15 analyst report from Darkfost identified $106 million in ETH long-position liquidations within one hour after the inflation release; these leveraged derivatives positions are distinct from spot ETF flows.
The October 12–16 results extended a trend of weakness for Ethereum products. Ethereum ETFs lost roughly $542 million during the prior week of October 5–9, according to Farside, bringing outflows across the three weeks to approximately $1 billion. Bitcoin ETFs lost about $679 million during October 5–9, making the latest $228 million weekly loss comparatively smaller. Crypto.news previously reported a $484.9 million Bitcoin ETF outflow on October 7. A separate weekly report published October 17 recorded $610.7 million in net withdrawals across five tracked crypto ETF categories, including Solana, Zcash and Hyperliquid products. Despite recent outflows, Farside's October 16 cumulative tables show net inflows since launch of approximately $56.95 billion for Bitcoin ETFs and $12.97 billion for Ethereum ETFs; these figures reflect cumulative net investor flows rather than current portfolio market value.
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