Ether ETF Withdrawals Reach $1 Billion After Late-September Inflows

U.S. spot Ether (ETH) ETFs recorded about $1 billion in net outflows over the three trading weeks through Oct. 16, exceeding the roughly $690 million that entered the funds in the five sessions through Sept. 25. Weekly outflows were about $138 million for the week ended Oct. 2, $542 million for the week ended Oct. 9 and $320 million for the week ended Oct. 16. The three-week total was about $1 billion. During the latest five-session period, funds had net outflows on four days. The exception was an inflow of $24.8 million on Oct. 13. BlackRock’s iShares Ethereum Trust (ETHA) had about $299 million in net outflows that week. Cumulative net inflows remained near $13 billion after the Oct. 16 session.

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