Key Takeaways
- • Bitcoin ETFs recorded provisional net inflows of $82.9 million for the week of September 28 to October 2, representing a 97% decline from the prior week's $2.39 billion inflow.
- • Ethereum ETFs swung sharply negative with $118 million in net outflows, ending a seven-day winning streak that had accumulated $850.6 million in inflows.
- • BlackRock's IBIT led Bitcoin inflows with $292 million while Fidelity's FBTC suffered $167.9 million in outflows; Fidelity's FETH accounted for $74.1 million of Ethereum fund redemptions.
- • Solana ETFs added only $800,000, down 99.6% from $188.1 million the prior week, signaling broad-based weakness in alternative crypto products.
- • Weekly totals remain provisional due to incomplete Friday data, with BlackRock ETF entries pending as of October 3.
Summary
U.S. spot Bitcoin and Ethereum exchange-traded funds diverged sharply during the trading week of September 28 through October 2, with Bitcoin products capturing fresh capital while Ethereum funds experienced their first weekly redemption in over a month. Bitcoin ETFs recorded provisional net inflows of $82.9 million, marking a precipitous 97% decline from the prior week's $2.39 billion, when the products had attracted nearly $1 billion in a single day. The slowdown reflects a significant moderation in investor appetite after a period of sustained buying interest.
Ethereum ETFs reversed course with $118 million in net outflows, halting a consecutive seven-day inflow streak that had accumulated $850.6 million. This reversal represents a sharp $807.8 million swing in investor positioning between the two weeks. Within the Ethereum complex, Fidelity's FETH product bore the brunt of redemptions, accounting for $74.1 million of total outflows. On the Bitcoin side, BlackRock's IBIT dominated inflows with $292 million, while Fidelity's FBTC shed $167.9 million, illustrating the divergent positioning between product providers.
Alternative crypto products showed even more pronounced weakness. Solana ETFs added just $800,000, down sharply from $188.1 million a week earlier. Hyperliquid funds gained $3.4 million while Zcash's tracked fund declined $77.6 million. Friday's data remained incomplete as of October 3, with BlackRock entries pending for its Bitcoin and Ethereum products, leaving all weekly totals provisional pending finalization. The data was sourced from Farside Investors and CryptoQuant.
Ethereum ETFs reversed course with $118 million in net outflows, halting a consecutive seven-day inflow streak that had accumulated $850.6 million. This reversal represents a sharp $807.8 million swing in investor positioning between the two weeks. Within the Ethereum complex, Fidelity's FETH product bore the brunt of redemptions, accounting for $74.1 million of total outflows. On the Bitcoin side, BlackRock's IBIT dominated inflows with $292 million, while Fidelity's FBTC shed $167.9 million, illustrating the divergent positioning between product providers.
Alternative crypto products showed even more pronounced weakness. Solana ETFs added just $800,000, down sharply from $188.1 million a week earlier. Hyperliquid funds gained $3.4 million while Zcash's tracked fund declined $77.6 million. Friday's data remained incomplete as of October 3, with BlackRock entries pending for its Bitcoin and Ethereum products, leaving all weekly totals provisional pending finalization. The data was sourced from Farside Investors and CryptoQuant.
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