Crypto ETFs Lose $610 Million as Ethereum Outflows Overtake Bitcoin

TLDR

• U.S. crypto ETFs saw $610.7 million in net outflows from Oct. 12 to Oct. 16, down from $1.29 billion the week before.
• Ethereum funds lost $320.1 million, with BlackRock’s iShares Ethereum Trust making up $299 million of that.
• Bitcoin funds lost $228.4 million, even after a $175.7 million Tuesday.
• Solana, Zcash and Hyperliquid products lost a combined $62.2 million.
• VanEck asked the SEC on Oct. 14 to withdraw its proposed Lido Staked Ethereum ETF registration.

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U.S. crypto ETFs recorded $610.7 million in net outflows from Oct. 12 to Oct. 16. Ethereum funds lost more money than Bitcoin products, according to Farside Investors data.

JUST IN: Bitcoin ETFs sold $228M over the past week.

Month-to-date net outflows reach $618M.

Can ‘Uptober’ still be saved? pic.twitter.com/FGMDoW47P2

— Bitcoin Archive (@BitcoinArchive) October 17, 2026

The total covers five tracked ETF categories. It is down from $1.29 billion in net withdrawals the week before.

Ethereum funds lost $320.1 million, while Bitcoin funds lost $228.4 million. Together, the two made up about 89.8% of the combined outflow.

Solana, Zcash and Hyperliquid products lost a combined $62.2 million. Each tracked category finished the week in the negative.

Weekly flows fall from the prior week

Weekly net withdrawals fell 52.5% from $1.2863 billion during Oct. 5 to Oct. 9. Bitcoin, Ethereum and Zcash funds had smaller losses than in the earlier week.

📊 LATEST: Spot Bitcoin ETFs saw -$82.4M are seeing a majority of outflows this week, with the 7-day total now -$936.3M.

Zoom out though and the 30-day net is still +$2.27 BILLION.

One rough week doesn’t undo a month of buying. pic.twitter.com/hzZ3AZ0q8v

— CryptosRus (@CryptosR_Us) October 17, 2026

Tuesday was the only day with combined inflows, at $194.3 million. Funds had lost $155.5 million on Monday.

Wednesday brought the largest daily loss at $393.4 million. Another $90.1 million left on Thursday, followed by $166 million on Friday.

CoinShares reported $434 million in withdrawals from global digital asset products in its own reporting week. It tied the outflows to changing interest rate expectations after U.S. inflation and retail sales data.

Farside’s tables show fund flows without giving a cause for individual transactions.

Ethereum, Bitcoin and altcoin fund details

Ethereum funds had four negative days and one positive day. BlackRock’s iShares Ethereum Trust lost $299 million, or 93.4% of the category’s net outflow.

Fidelity’s Ethereum fund took in $10.5 million. Grayscale’s Ethereum Trust lost $18.3 million, and its Mini Trust lost $12.4 million.

Bitcoin funds took in $175.7 million on Tuesday. Wednesday’s $261.4 million withdrawal was larger than that intake.

BlackRock’s iShares Bitcoin Trust lost $165.4 million over the week. Fidelity’s Bitcoin fund shed $60.2 million.

Solana products lost $25.5 million, with every session negative. Zcash’s tracked fund lost $19.2 million, and Hyperliquid products lost $17.5 million.

Charles Schwab’s Adam Lynch said the Bitcoin and Ethereum outflows reflect tactical institutional trading. He named regulatory progress and Ethereum’s upcoming Q4 network upgrade as possible catalysts.

VanEck asked the SEC on Oct. 14 to withdraw its proposed Lido Staked Ethereum ETF registration. The filing said it does not intend to proceed with the planned distribution, and no shares had been sold.