Key Takeaways
- • US crypto ETFs recorded a net outflow of $610.7 million in the week of October 12 to 16, 2026, according to daily Farside Investors data aggregated by crypto.news, roughly half the $1.2863 billion outflow of the prior week.
- • Ethereum ETFs accounted for $320.1 million of the outflow, and $299 million of that (about 93 percent) came from BlackRock's iShares Ethereum Trust (ETHA), while Fidelity's FETH took in $10.5 million.
- • Bitcoin ETFs lost $228.4 million, led by $165.4 million from BlackRock's IBIT, though the funds posted their strongest single day of the week on Tuesday with $175.7 million of inflows.
- • CoinShares attributes the outflows to US inflation data: September CPI rose 3.7 percent year on year, above the 3.6 percent expected, reducing near-term prospects for rate cuts.
- • Fund flows showed limited price impact, with Ethereum down about 3.6 percent and Bitcoin about 1.5 percent over seven days, and German retail investors cannot regularly buy these US spot ETFs.
Summary
US crypto ETFs shed a net $610.7 million in the week of October 12 to 16, 2026, according to daily data from Farside Investors that crypto.news aggregated across five fund groups. The figure was considerably lower than the $1.2863 billion outflow recorded in the week of October 5 to 9, a decline of 52.5 percent.
Ethereum funds accounted for $320.1 million of the total outflow, and the distribution was highly concentrated. BlackRock's iShares Ethereum Trust (ETHA) alone saw $299 million leave, about 93.4 percent of the Ethereum outflow. Grayscale's Ethereum Trust (ETHE) lost $18.3 million, the Grayscale Ethereum Mini Trust $12.4 million and Franklin Templeton's EZET $0.9 million, while Fidelity's FETH took in $10.5 million. Excluding BlackRock, net outflows across the other Ethereum funds were roughly $21 million. Ethereum traded near $2,422 on Sunday morning, about 3.6 percent lower over seven days.
Bitcoin ETFs recorded $228.4 million in net outflows. BlackRock's iShares Bitcoin Trust (IBIT) lost $165.4 million, Fidelity's FBTC $60.2 million, the Grayscale Bitcoin Mini Trust $7.6 million and Invesco's BTCO $4.1 million, while Morgan Stanley's MSBT gained $6.7 million and Bitwise's BITB $2.2 million. On Tuesday the Bitcoin funds took in $175.7 million, their strongest day of the week. Bitcoin stood near $82,100 on Sunday morning, roughly 1.5 percent lower over the week.
Smaller fund groups also saw outflows. Solana products lost $25.5 million, with $18.8 million from Bitwise's BSOL, while Zcash funds lost $19.2 million and Hyperliquid products $17.5 million. Together these smaller groups accounted for $62.2 million, and no group recorded inflows that would indicate a rotation between cryptocurrencies. CoinShares, which tracks global fund products, reported a net outflow of $434 million for the week to October 16, 2026; the two figures measure different scopes and should not be added together.
CoinShares links the outflows to US macroeconomic data. The September consumer price index, published by the US Labor Department on October 14, rose 3.7 percent year on year against 3.4 percent in August and 3.6 percent expected. Core inflation was 2.6 percent on the year. A day later, retail sales rose 0.8 percent month on month against an expected 0.3 percent. The Federal Reserve raised its key rate by 25 basis points in September to 3.75 to 4.00 percent, and New York Fed President John Williams said on October 13 that a further increase could be appropriate before year-end. Polymarket odds on October 15 put the probability of unchanged rates at the October meeting at around 75 percent, with 25 percent for a quarter-point increase.
The article cautions that fund flows do not reveal investor motive, and that the price impact has been modest relative to daily trading volumes. For European investors, the US spot ETFs are generally not available to retail buyers, who instead use ETNs or ETPs with differing German tax treatment under Paragraph 23 of the Income Tax Act. The next CoinShares weekly statistic and the October Fed meeting are cited as the key near-term indicators.
Ethereum funds accounted for $320.1 million of the total outflow, and the distribution was highly concentrated. BlackRock's iShares Ethereum Trust (ETHA) alone saw $299 million leave, about 93.4 percent of the Ethereum outflow. Grayscale's Ethereum Trust (ETHE) lost $18.3 million, the Grayscale Ethereum Mini Trust $12.4 million and Franklin Templeton's EZET $0.9 million, while Fidelity's FETH took in $10.5 million. Excluding BlackRock, net outflows across the other Ethereum funds were roughly $21 million. Ethereum traded near $2,422 on Sunday morning, about 3.6 percent lower over seven days.
Bitcoin ETFs recorded $228.4 million in net outflows. BlackRock's iShares Bitcoin Trust (IBIT) lost $165.4 million, Fidelity's FBTC $60.2 million, the Grayscale Bitcoin Mini Trust $7.6 million and Invesco's BTCO $4.1 million, while Morgan Stanley's MSBT gained $6.7 million and Bitwise's BITB $2.2 million. On Tuesday the Bitcoin funds took in $175.7 million, their strongest day of the week. Bitcoin stood near $82,100 on Sunday morning, roughly 1.5 percent lower over the week.
Smaller fund groups also saw outflows. Solana products lost $25.5 million, with $18.8 million from Bitwise's BSOL, while Zcash funds lost $19.2 million and Hyperliquid products $17.5 million. Together these smaller groups accounted for $62.2 million, and no group recorded inflows that would indicate a rotation between cryptocurrencies. CoinShares, which tracks global fund products, reported a net outflow of $434 million for the week to October 16, 2026; the two figures measure different scopes and should not be added together.
CoinShares links the outflows to US macroeconomic data. The September consumer price index, published by the US Labor Department on October 14, rose 3.7 percent year on year against 3.4 percent in August and 3.6 percent expected. Core inflation was 2.6 percent on the year. A day later, retail sales rose 0.8 percent month on month against an expected 0.3 percent. The Federal Reserve raised its key rate by 25 basis points in September to 3.75 to 4.00 percent, and New York Fed President John Williams said on October 13 that a further increase could be appropriate before year-end. Polymarket odds on October 15 put the probability of unchanged rates at the October meeting at around 75 percent, with 25 percent for a quarter-point increase.
The article cautions that fund flows do not reveal investor motive, and that the price impact has been modest relative to daily trading volumes. For European investors, the US spot ETFs are generally not available to retail buyers, who instead use ETNs or ETPs with differing German tax treatment under Paragraph 23 of the Income Tax Act. The next CoinShares weekly statistic and the October Fed meeting are cited as the key near-term indicators.
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