ETF flows

Ethereum ETFs See Biggest Outflow in 3 Weeks as Demand Stays Under Pressure

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U.S. spot Ether funds logged fresh withdrawals across multiple trading days, and one update put the October 6 outflow at the largest daily pullback in three weeks. During the same period, Bitcoin funds took in money while Ether’s price stayed steady for most of the withdrawal streak. An altcoin tracker also showed a broad stretch of altcoin outperformance versus Bitcoin over 90 days.

Key claims & sources

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U.S. spot Ether funds had about $118 million in net withdrawals over three trading days.
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An index showed 33 of 50 tracked altcoins beat Bitcoin over a 90-day period.
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U.S. spot Ethereum ETFs saw $201.9 million in outflows on October 6, the largest daily outflow since mid-September.
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That October 6 session was the sixth straight day of withdrawals, while Bitcoin funds took in $118.9 million.

What it means

U.S. spot Ether ETF holders are the part of the market that notices this first, because the funds continued to see withdrawals over several sessions. Bitcoin ETF investors also saw a different flow pattern on October 6, when those funds took in $118.9 million while Ether funds posted outflows.

In practice, the period changed fund flows rather than the basic setup of the products: U.S. spot Ethereum ETFs remained open, but the direction of money moving through them was negative for six straight days. Ether’s price held steady for most of that streak, so the flow pattern and the spot price did not move in lockstep.

Market reaction i

Total crypto marketall crypto assets combined no single asset in the event: read against the whole market
first headline
0.0% 2 h before
+0.3% 4 h after
$2.9Tmarket cap at publication
12data points

Coverage timeline

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first
Oct 7 08:20

Has this happened before?

WhenWhat happenedFigure
35 days ago XRP Outperforms Ethereum at October ETF Start event 1 actors in common · 2 news media
35 days ago U.S. Spot Bitcoin ETFs Reverse Course With $102.7 Million Inflow event 1 actors in common · 5 news media
36 days ago Citi Lifts Bitcoin Target to $113K as ETF Inflows Return - Bitbo event 1 actors in common · 2 news media
36 days ago Bitcoin and Ether ETF Flows Diverge Over Seven Days as Daily Totals Split event 1 actors in common · 3 news media
36 days ago Ethereum ETFs Break 7-Day Inflow Streak While Spot Bitcoin Funds Retain Demand event 1 actors in common · 6 news media