Crypto ETFs Lose $1.25 Billion as Ether Redemptions Deepen…
By Abdelaziz Fathi
AI summary of the source article
U.S. spot exchange-traded funds for Bitcoin, Ether, and Solana recorded roughly $1.25 billion in combined net redemptions during the five trading days ended October 9. Spot Ether ETFs suffered $542.1 million in net withdrawals, marking their worst week since January, with BlackRock's iShares Ethereum Trust ETF (ETHA) representing about 88% of those losses. Bitcoin ETFs lost $681.1 million to halt a three-week streak of gains, though Friday saw a modest return to inflows. Solana ETFs registered $24.8 million in outflows, concluding a 14-week positive run driven primarily by redemptions from Bitwise's BSOL fund.
Why it matters
The synchronized outflows across Bitcoin, Ether, and Solana indicate a rapid reversal from September's institutional buying into regulated crypto products. The coming sessions will test whether the retreat reflects short-term de-risking or a sustained institutional withdrawal cycle.
Key facts
- Combined net outflows from U.S. spot Bitcoin, Ether, and Solana ETFs reached approximately $1.25 billion for the week ended October 9.
- Ether ETFs saw nine consecutive sessions of net withdrawals totaling $697.2 million, with BlackRock's ETHA accounting for $477 million of last week's loss.
- Solana ETFs broke a record 14-week inflow streak by losing $24.8 million, while Bitcoin ETFs snapped three positive weeks with $681.1 million in redemptions.