Ethereum ETFs Shed $542M in Biggest Weekly Outflow Since January

US spot Ethereum ETFs recorded roughly $542 million in net withdrawals for the week ended October 9, their largest weekly outflow since late January, according to Blockonomi. BlackRock’s iShares Ethereum Trust, known as ETHA, accounted for about $477 million of that total, the fund’s largest weekly withdrawal since December 2025.

The move came as ether traded near $2,491 on October 10, below its 50-day simple moving average, and as US spot Bitcoin ETFs shed $681 million over the same stretch. Blockonomi put ETH’s seven-day decline at more than 7%, with trading volume down 61% to $7.2 billion.

A second report, from Crypto.news, described the ether outflow run at close range: $160.9 million left US spot Ether ETFs on Oct. 7 alone, a seventh consecutive losing session starting Sept. 29, with $116.1 million of that coming out of ETHA. Across those seven sessions the funds lost roughly $568.8 million, a figure that includes $201.9 million on Oct. 6. That is a narrower weekly window than Blockonomi’s October 9 cut-off, which counts a slightly smaller total.

Key facts

• US spot Ethereum ETFs lost about $542 million for the week ended October 9, their biggest weekly outflow since late January (Blockonomi, citing SoSoValue).
• BlackRock’s ETHA accounted for roughly $477 million of the weekly withdrawals, its largest such week since December 2025.
• Whales added about 166,000 ETH, roughly 15,000 BTC and about 45 million XRP in 72 hours, per analyst Ali Martinez as cited by Blockonomi.
• US spot Ether ETFs lost $160.9 million on Oct. 7, extending the streak to seven sessions, according to Crypto.news and Cointelegraph.
• Bitcoin ETFs recorded $484.9 million in net outflows on Oct. 7, the largest daily figure since June 25, erasing October’s early inflows.

ETF selling meets whale buying

ETF redemptions capture listed-product flows, not every holder. Blockonomi noted that large on-chain wallets were adding during the same window, and that ETF investors withdrawing while other holders accumulate is a normal divergence rather than proof that all demand is gone. For the near-term picture, the ETF figure carries more weight because it weakened a source of demand after ETH had already lost its 50-day average.

Crypto.news and Cointelegraph, citing Farside Investors, filled out the Bitcoin side of the same week. BlackRock’s IBIT led the Oct. 7 withdrawals at $207.7 million, followed by Fidelity’s FBTC at $105.1 million and ARK 21Shares’ ARKB at $101.7 million, with Bitwise’s BITB down $27.6 million and Grayscale’s GBTC at $39.3 million. Cointelegraph reported that the day’s redemptions wiped out $321.6 million of inflows booked across October’s first four sessions and left Bitcoin ETFs with about $163 million in net outflows for the month through Oct. 7.

Exchange balances and futures positions

Blockonomi pointed to two other inputs. CoinGlass data showed ether balances on trading platforms climbing from 11.71 million ETH on October 8 to 11.8 million the next day, a 90,000-ETH increase and the highest level since September 23. Futures open interest fell from 13.29 million to 12.77 million ETH over the same period.

Falling open interest means fewer outstanding positions and possible deleveraging. That can lower liquidation risk, but it also points to softer appetite for leveraged long exposure. Blockonomi noted that daily relative strength index slipped to 39, the lowest since June, and that $2,500 has flipped into overhead resistance.

Why it matters

Ether ETF flows had already turned negative before Bitcoin funds followed, so the October pattern is a broad institutional cooling rather than an Ethereum-only event. Readers tracking demand should note that the two reports measure slightly different windows, and that Blockonomi’s weekly total and Crypto.news’ seven-session sum are not directly comparable. Rising exchange balances matter because coins moved to venues can be sold, though a transfer alone does not prove a sale.

What to watch

Blockonomi framed $2,370 as the immediate level, with a daily close below it opening the 100-day average near $2,200; a defense could let ETH consolidate instead. Crypto.news also noted the next Federal Reserve policy meeting on Oct. 27–28, with the statement and press conference due Oct. 28. This is market commentary, not financial advice, and crypto prices are volatile and can move sharply in either direction.

Disclaimer: This article is for information only and is not investment, financial or trading advice. Cryptocurrency prices are highly volatile. Always do your own research.

Sources: Blockonomi, Crypto.news, Cointelegraph