U.S. Ethereum Fund Outflows Reach $320.1 Million, Exceeding Bitcoin Withdrawals
Key Facts
U.S. spot Ethereum funds ended the trading week of October 12 to 16, 2026, with net outflows of $320.1 million, exceeding withdrawals from Bitcoin funds, according to Cryptonews. Bitcoin funds recorded net outflows of $228.4 million over the same period, leaving both groups of funds in negative territory for the week. The withdrawals coincided with declines in the prices of both underlying assets, with an Investing.com update on Friday reporting that Ether was posting a weekly loss of 2.7%. Bitcoin was down 1.6% for the week at the time of the update and heading for a second consecutive weekly loss. Negative weekly flows thus coincided with falling prices, while money movements varied across products and sessions during the trading week.
Ethereum funds recorded positive net inflows of $24.8 million on Tuesday, October 13, according to Farside Investors' table, before ending the week with net outflows. Fidelity's FETH fund received $8.1 million of those inflows, making it one of the products that attracted money in that session. Grayscale's Ethereum Mini fund received $16.7 million, the larger amount among the two products that received the reported inflows on Tuesday. In the following session, on Wednesday, October 14, BlackRock's ETHA fund alone recorded net withdrawals of $109.8 million, according to Farside. Withdrawals from that fund in the session exceeded the total money received by all Ethereum funds combined the previous day.
Bitcoin funds also had a positive session on Tuesday, October 13, receiving net inflows of $175.7 million, according to Farside Investors' table for these products. Fidelity's FBTC fund led inflows that day with $103.1 million, ahead of the other products included in the session's tally. BlackRock's IBIT fund received $65.9 million, while inflows into MSBT totaled about $6.7 million. Bitcoin funds' positive flows on Tuesday exceeded those of Ethereum funds in the same session, despite both groups ending the week with withdrawals. By the Friday, October 16 session, IBIT recorded net outflows of $71.8 million, according to Farside, following the inflows it received on Tuesday.
ETHA aims to track the performance of Ether's price and provides exposure to the cryptocurrency through traditional brokerage accounts, according to BlackRock's product page. The company describes the mechanism as providing "exposure to Ether within traditional brokerage accounts without the complexities of directly holding cryptocurrencies," placing the product among the tools for accessing the currency through brokerage services. The fund's stated sponsor fee is 0.25%, according to the fees in the prospectus displayed on the product page. Fidelity, meanwhile, said at FETH's launch that the fund's underlying Ether is held by its digital assets arm, Fidelity Digital Assets. The company also states that both FBTC and FETH are "concentrated in a single cryptocurrency," tying each product's exposure to its underlying asset.
In the week's final session, Ethereum investment products recorded outflows of $69.68 million on October 16, according to a separate Investing.com report. The withdrawals came in the closing session of a trading week that saw net outflows from U.S. funds tracking the currency. After the fund trading sessions ended, a market snapshot published on the morning of Saturday, October 17, showed Ether at $2,428.20, according to the same website. The currency's reported decline in that snapshot was 0.79%, a price reading from the day after the funds' trading week ended. Saturday's price followed the weekly loss reported in Friday's update, with Ether continuing to decline in the market snapshot published over the weekend.
On the rules governing these products, the U.S. Securities and Exchange Commission allows Bitcoin and Ether funds to create and redeem shares in kind, according to the commission's statement on the mechanism. The authorization covers both the creation and redemption of fund shares under the U.S. rules applicable to products tracking the two cryptocurrencies. The commission said these products "will be permitted to create and redeem shares on an in-kind basis" under the regulatory framework governing those operations. The funds' weekly tally comes ahead of the next Federal Open Market Committee meeting, listed in the Federal Reserve's official October schedule. The committee is scheduled to meet on October 27 and 28, 2026, according to the meeting calendar published by the U.S. central bank.