Crypto ETFs lose $610.7 million as Ethereum outflows overtake Bitcoin

U.S. crypto ETFs tracked across five Farside Investors tables have recorded $610.7 million in net outflows during Oct. 12–16, with Ethereum funds losing more money than Bitcoin products.

Farside Investors’ daily figures put Ethereum ETF withdrawals at $320.1 million, followed by $228.4 million from Bitcoin funds, while Solana, Zcash and Hyperliquid products finished the week negative.

Crypto ETF withdrawals fall 52.5% from the previous week

Calculated from Farside’s five tables, weekly net withdrawals fell 52.5% from $1.2863 billion during Oct. 5–9. Each tracked category remained negative, although Bitcoin, Ethereum and Zcash recorded smaller losses than in the preceding period.

As crypto.news previously reported, the same five groups lost $1.29 billion during that earlier week. Bitcoin accounted for $678.9 million of those withdrawals, while Ethereum products shed $542.2 million.

The latest daily totals, calculated across Farside’s tables, show that Tuesday was the only session with combined net inflows. Funds attracted $194.3 million that day after losing $155.5 million on Monday.

Wednesday brought $393.4 million in withdrawals, the largest daily loss of the reporting period. Another $90.1 million left on Thursday, followed by $166 million on Friday.

Across the five-session window, Bitcoin and Ethereum accounted for $548.5 million, or approximately 89.8%, of the combined net withdrawal calculated from Farside’s figures.

A separate CoinShares update published Oct. 16 reported $434 million in withdrawals from global digital asset investment products during its reporting week. Its global product coverage and reporting cutoff differ from the five U.S. ETF categories aggregated here.

CoinShares attributed its reported withdrawals to changing interest rate expectations after U.S. inflation and retail sales releases. Its assessment concerned its own dataset; Farside’s tables provide fund flows without assigning a cause to individual transactions.

Ethereum ETF losses reach $320.1 million

Ethereum funds recorded four negative sessions and one positive day in Farside’s table. Monday’s $85.4 million withdrawal was followed by $24.8 million in Tuesday inflows, before Wednesday brought the week’s largest exit at $129.5 million.

Thursday and Friday added respective withdrawals of $60.3 million and $69.7 million. Calculated across the table’s daily entries, BlackRock’s ETHA lost $299 million, equivalent to 93.4% of the category’s net weekly outflow.

Fidelity’s FETH attracted $10.5 million over the week, while Grayscale’s Ethereum Mini Trust lost $12.4 million. Grayscale’s ETHE recorded an $18.3 million withdrawal, and Franklin Templeton’s EZET shed $900,000.

The remaining Ethereum products showed no net flows during the period in Farside’s table.

Elsewhere in the U.S. Ethereum fund market, VanEck requested withdrawal of its proposed Lido Staked Ethereum ETF registration in an Oct. 14 filing, as reported Oct. 15.

The sponsor’s SEC submission said it “does not intend to proceed with the planned distribution” of the trust’s shares. VanEck confirmed that the registration statement had not become effective and that no securities had been issued or sold under it.

The filing sought the SEC’s consent to withdraw the registration statement under Rule 477. It concerned a proposed offering that had never issued shares, separate from the operating funds in Farside’s weekly flow table.

Bitcoin ETFs lose $228.4 million despite Tuesday buying

Bitcoin funds recorded their strongest session on Tuesday, attracting $175.7 million, according to Farside. Wednesday’s $261.4 million withdrawal exceeded that intake, and Friday ended with another $82.4 million exit.

BlackRock’s IBIT lost $165.4 million over the week, calculated from its five daily entries. Fidelity’s FBTC shed $60.2 million, while Morgan Stanley’s MSBT attracted $6.7 million and Bitwise’s BITB added $2.2 million.

Invesco’s BTCO lost $4.1 million, and Grayscale’s Bitcoin Mini Trust recorded $7.6 million in withdrawals.

Earlier in October, Bitcoin funds had suffered $484.9 million in withdrawals during the Oct. 7 session. Coverage published Oct. 8 identified that as their largest daily outflow since June 25, when withdrawals reached $691.7 million.

Solana funds record a second week of daily outflows

Solana products lost $25.5 million during Oct. 12–16, with every session negative in Farside’s table. The category recorded $25 million in withdrawals across five negative sessions the previous week.

Bitwise’s BSOL accounted for $18.8 million of the latest weekly loss, calculated from its daily entries. Grayscale’s GSOL shed $6 million on Thursday, while VSOL lost $700,000 on Monday.

Friday’s $12.7 million withdrawal, entirely from BSOL, was the category’s largest daily exit of the week.

Zcash’s tracked ZCSH product lost $19.2 million, according to Farside’s daily figures. Wednesday brought $3.7 million in inflows, but Thursday’s $14.8 million withdrawal exceeded that intake.

Hyperliquid products recorded $17.5 million in weekly withdrawals. Farside’s entries show losses of $6.4 million from BHYP, $8.5 million from THYP and $2.6 million from HYPG.

Thursday accounted for $10.3 million of Hyperliquid’s weekly net outflow, including $7.1 million from THYP. Farside recorded zero net flows across all three products on Tuesday and Friday.