Nine straight days of outflows: U.S. spot $ETH ETFs are having their worst week since the start of the year.
The latest data shows that U.S. spot Ethereum ETFs saw combined net outflows of about $542 million over the five trading days from October 5 to 9—their worst week since January. The wave of redemptions has now lasted nine consecutive trading days, since September 29, with cumulative outflows nearing $697 million. That matches the record set from June 17 to 30, making this the third-longest outflow streak on record.
Who were the main sellers? The answer is quite concentrated: BlackRock’s ETHA alone accounted for about $477 million in outflows this week, or 88% of the industry total. The heaviest single-day outflow was on October 6, at $201.9 million. Institutional investors are clearly keen to rebalance their portfolios.
The knock-on effects are already showing up in the market: $ETH briefly fell below $2,500, while total ETF assets shrank from $17.9 billion in late September to $15.71 billion. Still, viewed over the full year, U.S. spot Ethereum ETFs have continued to see cumulative net inflows of about $13.26 billion, so the underlying base remains intact.
An interesting contrast: during the same week, U.S. spot Bitcoin ETFs actually saw net inflows of $21.13 million on October 9. Capital is choosing between different crypto assets, and this wave of selling is concentrated on the Ethereum side.
My take: Nine consecutive days of net outflows reflect not the sentiment of a single investor, but institutional repricing amid a broader cooling toward risk assets. Rising Treasury yields are weighing on risk appetite, and $ETH has been hit harder than $BTC . But the pace of redemptions has eased each day since peaking on October 6. If inflows return next week, that could be the first sign that sentiment is stabilizing.
This is not investment advice. DYOR—trading involves risk.
#EtherETFsExtendOutflowsToNineDays
#ETF #CryptoNews
The latest data shows that U.S. spot Ethereum ETFs saw combined net outflows of about $542 million over the five trading days from October 5 to 9—their worst week since January. The wave of redemptions has now lasted nine consecutive trading days, since September 29, with cumulative outflows nearing $697 million. That matches the record set from June 17 to 30, making this the third-longest outflow streak on record.
Who were the main sellers? The answer is quite concentrated: BlackRock’s ETHA alone accounted for about $477 million in outflows this week, or 88% of the industry total. The heaviest single-day outflow was on October 6, at $201.9 million. Institutional investors are clearly keen to rebalance their portfolios.
The knock-on effects are already showing up in the market: $ETH briefly fell below $2,500, while total ETF assets shrank from $17.9 billion in late September to $15.71 billion. Still, viewed over the full year, U.S. spot Ethereum ETFs have continued to see cumulative net inflows of about $13.26 billion, so the underlying base remains intact.
An interesting contrast: during the same week, U.S. spot Bitcoin ETFs actually saw net inflows of $21.13 million on October 9. Capital is choosing between different crypto assets, and this wave of selling is concentrated on the Ethereum side.
My take: Nine consecutive days of net outflows reflect not the sentiment of a single investor, but institutional repricing amid a broader cooling toward risk assets. Rising Treasury yields are weighing on risk appetite, and $ETH has been hit harder than $BTC . But the pace of redemptions has eased each day since peaking on October 6. If inflows return next week, that could be the first sign that sentiment is stabilizing.
This is not investment advice. DYOR—trading involves risk.
#EtherETFsExtendOutflowsToNineDays
#ETF #CryptoNews