Key Takeaways
- • U.S. spot Ether ETFs recorded $72.54 million in net outflows on October 8, extending their streak to eight consecutive sessions of withdrawals.
- • Ether ETFs have shed approximately $578.9 million in October through October 8, and cumulative outflows over the eight-session streak, which began September 29, reached $641.3 million (per SoSoValue).
- • BlackRock's iShares Ethereum Trust (ETHA) accounted for most of the day's redemptions, losing approximately $71.1 million on October 8.
- • Combined outflows from U.S. spot Bitcoin and Ether ETFs approached $1 billion for October, signaling a broader pullback from crypto investment products.
Summary
Data reported by SoSoValue show Ether ETFs have lost approximately $578.9 million in October through October 8. Across the eight-session outflow streak that began on September 29, cumulative withdrawals reached $641.3 million.
BlackRock's iShares Ethereum Trust (ETHA) accounted for most of the latest daily outflows, losing approximately $71.1 million on October 8. Other funds recorded smaller flows in the opposite direction. Fidelity's Ethereum Fund (FETH) attracted modest inflows, though the source's figure for that fund is truncated in the original report.
Separately, a related Altcoin Buzz report on the same session noted that U.S. bitcoin ETFs lost another $244.13 million on Thursday, while ether funds shed $72.54 million for an eighth straight day of redemptions, and that the selling coincided with price declines in both assets.
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