Ethereum (ETH) Spot ETFs Post Third Weekly Outflow of $320.1M, Led by BlackRock's ETHA

Third Straight Week of Withdrawals

U.S. spot Ethereum (ETH) ETFs have now logged three consecutive weeks of net withdrawals, and the third of those, the five sessions from October 12 to October 16, removed roughly $320.1 million from the products, based on Farside Investors' daily fund-flow records. That total exceeded the $228.4 million that left spot Bitcoin ETFs over the same stretch, a gap of about $91.7 million, and it landed while the ETF flows were accelerating and the Ethereum (ETH) price slid to near $2,300 mid-week before recovering to roughly $2,380 on Sunday. Four of the five sessions ran negative: Monday opened with $85.4 million in withdrawals, Tuesday brought the category's only inflow at $24.8 million, Wednesday delivered the largest single-day exit at $129.5 million, Thursday added $60.3 million and Friday closed with a further $69.7 million daily outflow, all from a single fund. Bitcoin ETFs traced a choppier path over the same days, with net inflows on two sessions against Ethereum's one. The flows unfolded against a weak tape. Bitcoin briefly fell below $80,000 during the week, touching a low near $79,800 before rebounding to approximately $81,238 by October 18, market data on CoinGecko showed. Ether, the asset of the largest proof-of-stake network, traded near $2,300 at the depth of the decline. Pressure also ran through derivatives: after September U.S. consumer price index data landed on October 14, printing annual inflation at 3.7% against a 3.6% forecast, analyst Darkfost counted $106 million in ETH long-position liquidations within a single hour. Those liquidations sit in the leveraged market, separate from the fund creation and redemption activity that drives weekly flow totals, but the same session, Wednesday, produced both the inflation print and the week's largest Ethereum (ETH) exit.

ETHA Drives 93% of the Outflow

BlackRock's iShares Ethereum Trust (ETHA) accounted for roughly $299 million of the weekly total, about 93.4% of the category's net figure once inflows elsewhere are netted off. That percentage measures ETHA's redemptions against the category's net result, not every dollar pulled from all Ethereum products, but the concentration shows plainly in the daily record: Wednesday's $109.8 million, Thursday's $44.4 million and Friday's $69.7 million all came from ETHA, and the remaining tracked products reported zero net flows in that final session. A few funds pushed the other way at points. Fidelity's FETH took in $8.1 million on Tuesday and $2.4 million on Thursday, while Grayscale's Ethereum Mini Trust added $16.7 million on Tuesday before finishing the week negative. Grayscale's ETHE and Franklin Templeton's EZET added to the withdrawals on their active sessions. The pressure concentrated in products tracking Ethereum had its mirror image on the Bitcoin side, where BlackRock's iShares Bitcoin Trust (IBIT) lost about $165.4 million, Fidelity's FBTC shed $60.2 million and Morgan Stanley's MSBT gained roughly $6.7 million. Bitcoin's worst session, $261.4 million out on Wednesday, was larger than that category's entire weekly net total. A separate weekly report published October 17 recorded $610.7 million in net withdrawals across five tracked crypto ETF categories, spanning Bitcoin, Ethereum (ETH), Solana, Zcash and Hyperliquid products, with the Bitcoin and Ethereum portions making up about $548.5 million of the combined figure. Ether last printed near $2,386 on CoinGecko earlier on October 18, inside a 24-hour band of about $2,364 to $2,427. The latest print extends an established run: the prior week, October 5 to 9, saw roughly $542 million leave Ethereum ETFs, which puts the three-week tally, across the weeks ending October 16, at approximately $1 billion. That stretch followed a $484.9 million single-day Bitcoin ETF outflow on October 7, a session on which ETHA also recorded a substantial withdrawal. Cumulative flows have not flipped: Farside's October 16 tables still show about $56.95 billion in net inflows since launch for Bitcoin ETFs and $12.97 billion for Ethereum ETFs.

The $2,372 Support Meets the Flow

Our live monitoring puts ETH at $2,380 at press time, down 0.1% since the newest reading and 1.6% over 24 hours, and the price sits directly on the strongest support in our composite scoring: $2,372.7, a level scored 100/100 where the 100-day EMA, the S1 pivot and the 0.382 Fibonacci retracement converge. A daily close beneath it would hand the downside to $2,318.8, scored 89/100, and then toward the $2,310 support that held during the recent weekly dip. Positioning gives little cushion for a rebound: perp funding reads just 0.0030% and the long/short account ratio stands at 2.46, with 71.1% of accounts long, while Fear and Greed sits at a neutral 53/100. Three weeks and roughly $1 billion of redemptions have not broken the floor; the next daily close decides whether the losing run ends here or the sequence extends.