InvestNot yet confirmed elsewhere1 publisher2 min readPublished
Three funds drove more than four-fifths of US crypto ETFs' $1.29 billion weekly outflow
US crypto ETFs shed a net $1.29 billion in the week of Oct. 5-9, crypto.news reported from Farside Investors tables. Every tracked category ended negative, but BlackRock's Ether fund and two Bitcoin funds supplied over four-fifths of the money that left.
The Investor · Invest desk
What happened
- Bitcoin and Ether funds together accounted for $1.22 billion of the week's withdrawals in Farside's daily figures.
- BlackRock's ETHA lost $477.1 million, about 88% of the Ether category's weekly outflow, and on Tuesday matched the whole category's $201.9 million exit.
- Ether funds were negative in all five sessions, with weekly outflows of $542.2 million against $138.1 million the week before.
- Fidelity's FBTC led Bitcoin redemptions at $380.3 million, followed by ARK 21Shares' ARKB at $207.2 million.
- Solana funds lost $25 million across five negative sessions, $21 million of it from Bitwise's BSOL.
Why it matters
- exposure The weekly total for US crypto ETFs tracks a few funds more than category-wide demand, so redemptions in ETHA, FBTC and ARKB can set the headline by themselves.
- constraint A tally of negative categories overstates breadth, because by subtraction the Solana, Zcash and Hyperliquid funds lost less this week than the week before.
- decision Anyone using the total as a demand gauge has to separate Bitcoin's one-week reversal, about 70% of the swing, from an Ether exit already under way the week before.
Little of the money that left the week's three biggest losers showed up at rival funds [18], according to crypto.news's fund-level breakdown of Farside Investors' tables. The Bitcoin funds it reported with inflows, BlackRock's IBIT, Morgan Stanley's MSBT and Franklin Templeton's EZBC, took in $13.6 million between them [19]. FBTC and ARKB lost $587.5 million [20]. In Ether, Morgan Stanley's MSSE was the only fund with positive flows for the week, at $1.3 million [10].
Most of the week-on-week deterioration came from Bitcoin, or more precisely from Bitcoin's reversal out of inflows. The five categories had taken in $29.2 million during Sept. 28-Oct. 2 [1], so the move to $1.29 billion of outflows [2] is a swing of about $1.32 billion [15]. Bitcoin funds went from $241.1 million of inflows to $678.9 million of outflows [5], a $920 million turn and about 70% of the swing [21]. Ether's outflows grew by $404.1 million [22]. Take both out of the prior-week total and the Solana, Zcash and Hyperliquid funds come out about $73.8 million negative that week [16], slightly worse than this week's $65.2 million [4].
Those smaller funds are also small against their own base. Solana's weekly exit is about 1.6% [23] of the roughly $1.58 billion the category had gathered cumulatively by Friday [12].
One reading is that a few large holders rebalanced out of three funds, and that kind of selling can reverse within days; Bitcoin funds were back to a $21.1 million inflow by Friday [5]. Another is an exit specific to Ether. Eight of the eleven Ether funds crypto.news itemised posted outflows [24], and the seven outside ETHA lost $66.4 million combined [25]. A broad institutional retreat (the version the category count implies) would need the funds that held up this week to start posting outflows too. IBIT is the first place to look. It took in $191.9 million on Monday and Tuesday, lost $207.7 million on Wednesday and still finished the week $1.1 million ahead [9].
We think the cash fits the first two readings, with Ether's exit the more persistent, since Ether funds posted net outflows in both weeks [7] while Bitcoin funds drew inflows the week before [5]. The case against is Ether's breadth by fund count. It holds even though ETHA dominates the dollars [24]. The view is wrong if outflows spread to IBIT and to Bitcoin funds beyond Fidelity's and ARK's [6][9].
What to watch
- ETHA's share of Ether outflows in the following week: a share well below this week's 88% would mean the selling has spread across issuers.
- The combined Solana, Zcash and Hyperliquid total against this week's $65.2 million and the prior week's implied $73.8 million; growth past both would support a broad retreat.
- Whether Bitcoin funds' $21.1 million Friday inflow carries into the following week's sessions.
Clarity's read
What the record supports and how the coverage leans. The claims behind it follow.
Reality
- Evidence65
- Adoption
- Insufficient
- Hype gap0
- Incentives
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- [1]
Calculated from Farside's tables, the five categories had attracted a combined $29.2 million during Sept. 28-Oct. 2.
ReportedSupportedSource: crypto.news calculation from Farside Investors tables2 sources— create a free account to open themView cited source - [2]
U.S. crypto ETFs tracked across Farside Investors' Bitcoin, Ethereum, Solana, Hyperliquid and Zcash tables recorded combined net outflows of $1.29 billion during Oct. 5-9, leaving all five groups negative for the week.
- [3]
Farside Investors' daily figures put combined Bitcoin and Ethereum ETF withdrawals at $1.22 billion for the five trading sessions of Oct. 5-9.
- [4]
The other three tracked categories added $65.2 million in net outflows: Solana ETFs shed $25 million, and Zcash and Hyperliquid products posted weekly outflows of $30.8 million and $9.4 million.
- [5]
Bitcoin ETFs lost $678.9 million during Oct. 5-9, compared with $241.1 million in inflows the previous week; a $21.1 million inflow on Friday reduced the weekly loss.
- [6]
Fidelity's FBTC led Bitcoin ETF withdrawals with $380.3 million, followed by ARK 21Shares' ARKB at $207.2 million.
- [7]
Ethereum ETFs recorded $542.2 million in weekly net outflows, up from $138.1 million during Sept. 28-Oct. 2, and every session in the latest week ended negative.
- [8]
BlackRock's ETHA accounted for $477.1 million of Ether ETF outflows, approximately 88% of the weekly total; its Tuesday withdrawal matched the entire category's $201.9 million outflow that day.
- [9]
BlackRock's IBIT finished marginally positive at $1.1 million: Monday and Tuesday inflows totaled $191.9 million, Wednesday's $207.7 million withdrawal erased that gain, Thursday brought a $5.5 million exit and Friday added $22.4 million.
- [10]
Morgan Stanley's MSSE added $1.3 million, making it the only Ethereum fund in the table with positive net flows for the week; BlackRock's ETHB and Franklin Templeton's EZET recorded no net flows.
- [11]
Solana ETFs recorded withdrawals on every trading day, totaling $25 million, with Bitwise's BSOL accounting for $21 million.
- [12]
Farside's cumulative total for the Solana ETF category stood at approximately $1.58 billion after Friday's session.
- [13]
Grayscale's ETHE lost $31.9 million, Fidelity's FETH $13.4 million, Bitwise's ETHW $5.9 million, 21Shares' TETH $7.5 million, VanEck's ETHV $3.7 million, Invesco's QETH $2 million and Grayscale's Ethereum Mini Trust $2 million.
- [14]
Morgan Stanley's MSBT gained $7.8 million and Franklin Templeton's EZBC added $4.7 million for the week.
- [15]
The week-on-week swing across the five categories was about $1.32 billion, from $29.2 million of inflows to $1,286.3 million of outflows.
- [16]
By subtraction, the Solana, Zcash and Hyperliquid categories had combined net outflows of about $73.8 million in Sept. 28-Oct. 2, $8.6 million more than their $65.2 million in Oct. 5-9.
- [17]
Summing the five category figures gives net outflows of $1,286.3 million for Oct. 5-9.
- [18]
ETHA, FBTC and ARKB together lost $1,064.6 million, about $1.06 billion, or roughly 83% (more than four-fifths) of the week's net outflows.
- [19]
IBIT, MSBT and EZBC took in $13.6 million combined during the week.
- [20]
FBTC and ARKB lost $587.5 million combined.
- [21]
Bitcoin funds' turn from $241.1 million of inflows to $678.9 million of outflows is a $920 million swing, about 70% of the total week-on-week swing.
- [22]
Ether ETF outflows grew by $404.1 million week on week.
- [23]
Solana ETFs' $25 million weekly outflow is about 1.6% of the category's roughly $1.58 billion cumulative total.
- [24]
Eight of the eleven Ether funds itemised in the report posted net outflows for the week (ETHA plus seven others), one posted inflows (MSSE) and two had no net flows (ETHB, EZET).
- [25]
The seven Ether funds with outflows other than ETHA lost $66.4 million combined.
Sources
1 independent publisher whose own reporting we read for this story.
- crypto.newsCrypto ETFs shed $1.29b as Bitcoin and Ether lead exits
1 article · October 10, 2026
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