Ether ETFs Outflows Surpass Bitcoin at $320 Million

Update (Oct 17, 08:10 UTC): According to The Defiant, Ether exchange-traded funds recorded $320 million in outflows during the period, exceeding Bitcoin's weekly outflows.

U.S. cryptocurrency exchange-traded funds recorded $610.7 million in net withdrawals between Oct. 12 and Oct. 16, with Ethereum funds leading the redemptions, according to data from Farside Investors. Total outflows across the five tracked product categories dropped 52.5% from the $1.2863 billion withdrawn during the Oct. 5–9 period.

Combined withdrawals from Bitcoin and Ethereum products reached $548.5 million, accounting for roughly 89.8% of all net capital exits across the five trading sessions.

Ethereum Funds Lead Withdrawals

Ethereum exchange-traded funds posted $320.1 million in weekly net outflows across four negative sessions and one positive day. The category's largest single-day exit occurred on Wednesday, when $129.5 million left the funds.

BlackRock’s ETHA drove the vast majority of category redemptions, shedding $299 million—equivalent to 93.4% of all net weekly Ethereum fund outflows. Grayscale’s ETHE and Ethereum Mini Trust recorded respective withdrawals of $18.3 million and $12.4 million, while Franklin Templeton’s EZET lost $900,000. In contrast, Fidelity’s FETH bucked the trend by attracting $10.5 million in net inflows.

Separately, VanEck filed an SEC request under Rule 477 on Oct. 14 to withdraw its registration statement for a proposed Lido Staked Ethereum ETF, confirming that the trust never issued or distributed shares.

Bitcoin and Altcoin ETF Performance

Bitcoin funds recorded $228.4 million in net outflows despite booking $175.7 million in inflows on Tuesday, which stood as the only day of net positive flows across all tracked products. BlackRock’s IBIT led Bitcoin fund redemptions with $165.4 million in weekly losses, followed by Fidelity’s FBTC shedding $60.2 million, Grayscale’s Bitcoin Mini Trust losing $7.6 million, and Invesco’s BTCO shedding $4.1 million. Morgan Stanley’s MSBT and Bitwise’s BITB registered positive flows of $6.7 million and $2.2 million, respectively.

Smaller tracking categories also finished negative. Solana funds shed $25.5 million across five consecutive negative sessions, led by Bitwise’s BSOL losing $18.8 million. Zcash’s tracked product recorded $19.2 million in exits, while Hyperliquid vehicles lost $17.5 million.

Key facts

• Tracked U.S. crypto ETFs logged $610.7 million in net outflows during Oct. 12–16, down 52.5% from the prior week's $1.29 billion.
• Ethereum ETFs saw $320.1 million in exits, with BlackRock’s ETHA accounting for $299 million of that total.
• Bitcoin funds posted $228.4 million in net redemptions, paced by a $165.4 million withdrawal from BlackRock’s IBIT.
• Solana, Zcash, and Hyperliquid vehicles lost a combined $62.2 million over the five sessions.