Ethereum ETFs See $320M Outflows as Bitcoin Slows

Ethereum ETFs Lose $320 Million In A Week As Bitcoin Outflows Slow

US spot Ethereum exchange-traded funds (ETFs) posted a sharp weekly reversal, losing $320.1 million in net outflows, as redemptions from spot Bitcoin ETFs slowed and left Ethereum products with the larger weekly withdrawals.

Data from Farside Investors shows the Ether ETFs’ losses for the week exceeded the $228.4 million withdrawn from US spot Bitcoin ETFs over the same period. While the gap is notable, Ether funds were coming off an even heavier stretch: the prior five sessions saw roughly $542 million leave Ethereum ETFs.

The week’s Ethereum outflows were heavily concentrated in one product. BlackRock’s iShares Ethereum Trust (ETHA) accounted for about $299 million of the five-day total, or roughly 93% of all net withdrawals across US spot Ether ETFs. That concentration suggests investors were not exiting all Ethereum ETF issuers uniformly.

In fact, flows varied by fund. Fidelity’s FETH recorded modest net inflows during the week, highlighting differences in how investors allocated—or reallocated—exposure among available products.

Daily flow patterns also reflected the choppy tone. The week began with an $85.4 million industry-wide withdrawal, followed by a $24.8 million inflow the next day, before outflows resumed through the remaining sessions.

The redemptions arrived alongside renewed stress in the broader Ethereum market. On October 6, Ethereum ETFs saw $201.9 million leave in a single day, the biggest daily outflow in three weeks. Around the same period, ETH briefly fell below $2,600, and $164.88 million in long positions were liquidated.

Technical commentary from analyst Ted Pillows pointed to a nearby support zone between $2,547 and $2,565, with resistance flagged around $2,760 to $2,800. Separately, on-chain supply data was less negative than flows: CryptoQuant estimated about 14.7 million ETH on exchanges, down from roughly 21 million in mid-2025, implying fewer coins readily available to sell on exchanges.

Flows also intersected with changes in disclosed institutional positioning. Recent 13F filings indicated both Goldman Sachs and Harvard University reduced Ethereum ETF exposure. Goldman reported about $178 million in BlackRock’s ETHA, down from $679 million, exited a $394 million position in Fidelity’s Ethereum fund, and added $67 million to an iShares staked Ethereum product. Harvard’s endowment reported no Ethereum ETF holdings in its latest filing after previously disclosing an $86.8 million ETHA position earlier in the year.

ETF flow data represents share creations and redemptions inside the funds, rather than a complete measure of all demand for ETH. Still, the week underscored a key dynamic in crypto’s regulated fund market: Ethereum ETFs can see outsized swings—sometimes concentrated in a single issuer—even as Bitcoin ETF selling pressure eases.