US Ethereum (ETH) Spot ETFs Log 8th Straight Outflow Day With $72.5 Million in Net Exits

ETHA Bleeds While FETH Takes In Cash

United States spot ETF vehicles holding Ethereum (ETH) booked their eighth consecutive day of net outflows on Thursday, October 8, as $72.5 million left the products in a single session. The figure comes from the daily creation and redemption disclosures that the eleven US-listed wrappers file each trading day: issuers create new shares when money arrives and retire them when it leaves, so a negative print means ETH physically exited fund custody. Primary-market redemptions differ from exchange selling in that respect, because they shrink fund-held supply directly rather than pushing tokens across order books.

Across Ethereum fund coverage we track all eleven products, and Thursday's ledger was lopsided. BlackRock's ETHA bled $71.1 million, by far the largest single loss of the day, while Fidelity's FETH was the only fund of size to take in money, adding $5.5 million. Grayscale's ETHE, the converted trust that has shed assets almost without pause since listing, lost another $6.1 million. VanEck's ETHV saw $0.9 million leave and 21Shares' TETH $1.2 million. Five products printed zero: Grayscale's Ethereum (ETH), BlackRock's ETHB, Franklin Templeton's EZET, Morgan Stanley's MSSE and Invesco Galaxy's QETH. No other issuer managed a net gain on the day. The session extended a run that dates to September 29 and now totals $641.3 million of net withdrawals across eight trading days, the longest uninterrupted redemption stretch since the products listed. An eight-session run means money has left the wrappers every trading day for more than a week and a half, and flow desks treat the series as the cleanest real-time read on institutional demand for ETH through regulated wrappers. The Ethereum (ETH) price itself has moved little since the disclosure: our live monitoring puts the token at $2,499, 0.1% above where it stood when Thursday's flow figures were published at 04:17 UTC on Friday, though still 2.4% lower across the past 24 hours. Our desk reads the streak against positioning that has not yet cracked. COINOTAG's composite scoring, which rates each price level from the indicators that converge there, marks the nearest resistance at $2,522 with a score of 82 out of 100, and a strong support at $2,371, scored 85 out of 100. The token held $2,499 at the time of writing, between the two. Derivatives are calm: funding on crypto futures stands at 0.0007% and open interest across Ethereum (ETH) contracts holds at $10.55 billion, which keeps the $2,371 floor well defended if the outflow run extends. The broader signal reads neutral-to-soft, with the MACD histogram bearish and the trend sideways; our Ethereum technical analysis tracks the full level map.

October Reverses September's Inflows

The wider window shows how quickly the ledger has turned. Across the five sessions from October 2 through October 8, net outflows reached $524.8 million, and ETHA accounts for $441.1 million of that, which places BlackRock's flagship product at the center of the pullback. FETH, despite Thursday's inflow, sits at a net $30.7 million of outflows across the window, and ETHE lost $31.9 million. Bitwise's ETHW shed $5.9 million over the five days, TETH $7.5 million and ETHV $3.7 million, with Grayscale's ETH and Invesco Galaxy's QETH down $2 million each. Three products, ETHB, EZET and MSSE, printed no activity at all in the period. BlackRock's newer ETHB has yet to record a single redemption since listing, while Franklin Templeton's EZET has drawn $64.7 million and Morgan Stanley's MSSE $40.7 million, small books next to the leaders. The run also accelerated as it aged: when the streak stood at seven sessions, its cumulative tally was $565 million, as our earlier report on Ethereum spot ETF outflows recorded. The monthly comparison is starker. October's net outflows stood at $578.9 million through Thursday against September's $831.3 million of net inflows, a swing of more than $1.4 billion in little over a month. The long horizon stays positive. Since the products began trading in July 2024, cumulative net inflows amount to $13.34 billion, of which ETHA has drawn $12.85 billion, a measure of demand for direct exposure to the largest proof-of-stake network. ETHE is the outlier, with $5.47 billion of cumulative outflows as discount-era holders continue to exit. The tally covers ETF creations and redemptions only; it does not touch the separate pool of ETH committed to staking, nor has the selling pressure stayed confined to the funds: a recent liquidation flush saw Ethereum lead $1.16 billion in losses across the wider market. What the streak settles is direction: eight consecutive sessions of outflows and $641.3 million gone since September 29.