Spot Bitcoin ETFs Record $681 Million in Outflows as Ethereum ETFs Lose $542 Million
Spot Bitcoin and Ethereum exchange-traded funds (ETFs) recorded combined net outflows of $1.223 billion during the week of October 5 to October 9, according to figures reported by Wu Blockchain. The withdrawals marked a reversal for spot Bitcoin ETFs, which ended a three-week streak of net inflows, while spot Ethereum ETFs also experienced substantial outflows led by BlackRock's ETHA fund.
Spot Bitcoin ETFs recorded $681 million in net outflows over the five-day period, ending three consecutive weeks of positive net flows. The reversal represents a notable change in the weekly flow trend for investment products that provide exposure to Bitcoin through traditional financial markets.
Spot Ethereum ETFs registered another $542 million in net outflows during the same period. Together, the two categories of investment products saw $1.223 billion leave their funds between October 5 and October 9, based on the figures reported by Wu Blockchain.
BlackRock's ETHA Leads Ethereum ETF Outflows
BlackRock's iShares Ethereum Trust ETF, trading under the ticker ETHA, accounted for the largest share of the reported Ethereum ETF withdrawals. The fund recorded $477 million in net outflows during the period, representing the majority of the $542 million total recorded across spot Ethereum ETFs.
ETHA's $477 million in outflows accounted for approximately 88% of the overall net withdrawals from spot Ethereum ETFs. The figure highlights how heavily the reported weekly outflows were concentrated in BlackRock's product, although the available figures do not establish the reasons behind the withdrawals.
The remaining spot Ethereum ETFs collectively accounted for approximately $65 million in net outflows, based on the difference between the reported $542 million sector-wide total and ETHA's $477 million withdrawal figure.
Bitcoin ETF Inflows Streak Comes to an End
The $681 million in net outflows from spot Bitcoin ETFs ended a three-week run of net inflows. The change indicates that the funds recorded net withdrawals over the October 5–9 period after attracting more capital than they lost during each of the preceding three weeks.
ETF flow figures measure the net movement of capital into and out of investment products over a specified period. Positive net flows indicate that inflows exceeded outflows, while negative net flows indicate the opposite. These figures provide one measure of demand for the investment products, but they do not independently explain changes in cryptocurrency prices or establish the motivations of individual investors.
The reported figures cover October 5 through October 9, Eastern Time (ET). Wu Blockchain reported $681 million in net outflows for spot Bitcoin ETFs and $542 million for spot Ethereum ETFs, with BlackRock's ETHA accounting for $477 million of the Ethereum ETF total.
Writer: Victoria HaleTechnology & Blockchain WriterVictoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.She prioritises clarity and accuracy when explaining technical developments to a general audience.
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