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

Update 06:32 UTC: Grayscale's ETHE shed $18.3 million over the five sessions and the firm's Ethereum (ETH) Mini Trust lost $12.4 million, while Fidelity's FETH ended the week with $10.5 million in net inflows despite its single-session gains.

Third Straight Week of Withdrawals

U.S. spot Ethereum 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.

A fuller fund-by-fund breakdown of the week adds detail on the smaller Ethereum products. Grayscale's ETHE shed $18.3 million over the five sessions and the firm's Ethereum Mini Trust lost $12.4 million, while Fidelity's FETH ended the week with $10.5 million in net inflows despite its single-session gains. Farside's daily records also show the category had run ten consecutive trading days of net withdrawals from September 29 through October 12, flipped to a single day of net inflow on October 13, then gave the money back over the following three sessions. Across the four asset classes tracked that week, combined net withdrawals reached $593.2 million, with Ethereum accounting for roughly 54% of the total.

The $2,372 Support Meets the Flow

Our live monitoring puts ETH at $2,430.50 at press time, up 0.74% over 24 hours, with the market cap at $296.8 billion and 24-hour volume of $9.5 billion. The nearest strong support sits at $2,378.07, scored 100/100 in our composite, where the 100-day EMA, the Pivot Point, the 0.382 Fibonacci retracement and the Value Area High converge, and a daily close beneath it would open the way to $2,324.18 at 92/100 and then $2,262.43 at 91/100. Overhead, the strongest resistance stands at $2,557.00, scored 91/100 where the 20-day EMA, the 50-day SMA, R3 and the 0.236 Fibonacci level meet, with $2,490.22 at 65/100 in between. Positioning offers a mixed read: perp funding is 0.0060%, open interest sits at $10.04 billion and the long/short account ratio reads 2.21, with 68.9% of accounts long, while the Fear and Greed Index holds at 59/100, in Greed territory. With RSI at 41.10, a bearish MACD signal and the trend still pointed down, the decisive level remains that $2,378.07 floor (as of 06:32 UTC).