Key Takeaways
- • US spot Ethereum ETFs recorded $320.1 million in net withdrawals during the week of October 12 to 16, according to Farside Investors, exceeding the $228.4 million outflow from US spot Bitcoin ETFs over the same period.
- • BlackRock's iShares Ethereum Trust (ETHA) accounted for approximately $299 million of the five-day net loss, or roughly 93% of total US spot Ether ETF outflows.
- • Ether ETFs were not at a record low: the funds lost roughly $542 million in the preceding five sessions, and the week's gap reflected a slowing of Bitcoin redemptions rather than an acceleration in Ether selling.
- • Fidelity's FETH posted modest positive flows during the week, indicating that investors differentiated among issuers.
- • Flow data reflects creations and redemptions of fund shares rather than total ETH demand, so the concentration of outflows in ETHA is a notable signal for institutional positioning.
Summary
US spot Ethereum exchange-traded funds recorded $320.1 million in net withdrawals between October 12 and 16, 2026, according to data from Farside Investors. Over the same period, comparable US spot Bitcoin products lost $228.4 million, placing Ether ahead of Bitcoin in the weekly outflow rankings. The shift was driven less by a sharp increase in Ether selling than by a slowdown in Bitcoin redemptions, which allowed Ethereum funds to top the outflow table.
The Ether outflows were heavily concentrated. BlackRock's iShares Ethereum Trust, ETHA, posted a five-day net loss of approximately $299 million, nearly all of the industry total. Daily flows showed a pattern of pressure: industry-wide withdrawals of $85.4 million on Monday, a $24.8 million inflow on Tuesday, and renewed selling on Wednesday, Thursday and Friday. Fidelity's FETH, by contrast, recorded modest net inflows over the period.
Context is important for interpreting these figures. Ether funds were not experiencing their worst week on record, having lost roughly $542 million in the preceding five sessions. Flow data also measures creations and redemptions of fund shares rather than a full measure of demand for ether. Nonetheless, the concentration of withdrawals in the largest Ether product raises the question of whether institutional appetite for Ethereum exposure will recover as quickly as it has tended to for Bitcoin.
The Ether outflows were heavily concentrated. BlackRock's iShares Ethereum Trust, ETHA, posted a five-day net loss of approximately $299 million, nearly all of the industry total. Daily flows showed a pattern of pressure: industry-wide withdrawals of $85.4 million on Monday, a $24.8 million inflow on Tuesday, and renewed selling on Wednesday, Thursday and Friday. Fidelity's FETH, by contrast, recorded modest net inflows over the period.
Context is important for interpreting these figures. Ether funds were not experiencing their worst week on record, having lost roughly $542 million in the preceding five sessions. Flow data also measures creations and redemptions of fund shares rather than a full measure of demand for ether. Nonetheless, the concentration of withdrawals in the largest Ether product raises the question of whether institutional appetite for Ethereum exposure will recover as quickly as it has tended to for Bitcoin.
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