Ethereum ETFs Lose $320 Million In A Week As Bitcoin Outflows Slow
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US spot Ethereum ETFs recorded larger net outflows than Bitcoin ETFs in the week ending October 16. BlackRock’s ETHA accounted for nearly all of the Ether redemptions, while Bitcoin funds also saw withdrawals that were smaller than the Ether total.
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Ethereum ETF holders and fund providers see the effect in weekly flow data, with US spot Ether funds taking in less and giving back more than Bitcoin funds in the week ending October 16. That includes the redemptions tied to BlackRock’s ETHA, which is named as the main source of the Ether withdrawals.
The practical picture is that redemptions remained open across both ETF groups in that week, but the size of the Ether withdrawals was larger than the Bitcoin total. What stays the same in these figures is that both markets still had net outflows over the period, even though the numbers were different.
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
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