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Key Takeaways
- Ethereum ETFs lost $320.1 million; Bitcoin ETFs lost $228.4 million.
- BlackRock’s ETHA accounted for $299 million and has not had an inflow day since September 28.
- Two weeks of withdrawals have reversed about 28% of Q3’s $3.1 billion in Ethereum ETF inflows.
Ethereum’s outflows didn’t accelerate, though. Bitcoin’s slowed faster: weekly Bitcoin ETF withdrawals fell by two-thirds, while Ethereum’s shrank by 41%.
Almost all of the Ethereum figure came from one product. BlackRock’s iShares Ethereum Trust (ETHA) lost $299 million, 93% of the sector’s net outflow, and has now gone 14 trading sessions without a single day of inflows.
ETHA has carried Ethereum’s outflows for three weeks
Farside’s daily Ethereum ETF table shows ETHA posting withdrawals on four of the week’s five sessions, peaking at $109.8 million on Wednesday, October 14. Grayscale’s two funds lost a combined $30.7 million: $18.3 million from ETHE and $12.4 million from the lower-fee ETH. Franklin’s EZET lost $...
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