Spot Ethereum ETFs saw their highest weekly outflows on record last week, as the prices of most of the world’s leading cryptocurrencies dipped.
The ETFs saw a combined $795.6 million worth of outflows for the week ending Sept. 26, according to SoSoValue data, with over $10 billion in trading volume. The outflows just outpaced the second-worst week for the funds, the week ending Sept. 5, which saw $787.7 million worth of outflows.
Over $200 million flowed out of BlackRock’s industry-leading ETHA fund, which still holds assets under management (AUM) worth over $15.2 billion, last week. Yet the Fidelity Ethereum Fund (FETH), the third-largest fund by AUM, saw over $362 million worth of outflows over the same period.
As ether’s price dipped below $4,000 on Thursday and Friday, the spot ETFs saw around $250 million worth of outflows for each day, the worst two-day span for outflows since mid-August. The dip below $4,000 was “triggered by a mix of technical breakdowns, macroeconomic jitters, and cascading liquidations,” crypto analyst Rachael Lucas previously told The Block.
ETH’s price rebounded slightly on Saturday, bringing it back above the $4,000 watermark. The world’s second-largest cryptocurrency currently trades around $4,020, according to The Block’s Ethereum Price page.
Bitcoin ETFs also bleed
Spot Bitcoin ETFs also logged a high level of weekly outflows, with a total of $902.5 million across the funds currently available, according to SoSoValue data.
Friday’s outflow total of $418.3 million was the highest single-day number since mid-August and, like with the Ethereum funds, BlackRock’s industry-leading IBIT fund bled relatively less than its closest competitor, Fidelity’s FBTC. IBIT saw just $37.3 million worth of outflows on Friday, compared to FBTC’s $300.4 million.
Over time, BlackRock’s fund has grown its share of the market, The Block’s data shows. At times, the fund has held more than an 80% market share among BTC funds, though, curiously, BlackRock hasn’t filed for a spot Solana ETF, like many of its competitors.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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