Ethereum ETF Outflows Deepen as ETH Lags Bitcoin

| odaily.news
US spot Ethereum ETFs recorded $320.1 million in net outflows from 12–16 October, exceeding the $228.4 million withdrawn from spot Bitcoin ETFs. The outflows were also larger relative to fund size: about 2.1% of Ethereum ETFs’ $14.946 billion in net assets, compared with roughly 0.2% of Bitcoin ETFs’ $104.29 billion. Combined withdrawals from both categories totalled about $548.5 million. BlackRock’s ETHA accounted for about $299 million of Ethereum ETF outflows, more than 90% of the category’s weekly net total. BlackRock’s IBIT led Bitcoin ETF outflows at $165.4 million. Ethereum ETFs recorded only one positive-flow day during 1–16 October, with cumulative net outflows reaching $954.8 million and the weekly withdrawals extending the category’s outflow streak to three weeks. Cumulative net inflows since the funds launched remained positive. The figures track fund creations and redemptions, not asset changes caused by market prices, and do not explain investors’ motives. Ethereum fell 3.6% in the week through 18 October, compared with Bitcoin’s 1.4% decline; on 18 October, BTC traded near $81,238 and ETH near $2,386. ETHA’s concentrated outflows, ETH’s weaker relative performance and competition from staking yields are possible factors, not confirmed causes. Traders will watch whether Ethereum ETF outflows ease and whether flows continue to diverge from Bitcoin ETFs.
Bearish
The sharp, sustained outflows are a near-term negative signal for ETH: they point to weaker demand for Ethereum ETF exposure, with withdrawals concentrated in ETHA. ETH’s larger weekly decline than BTC’s adds to the relative weakness and could prompt cautious traders to reduce exposure or wait for flows to stabilise. These signals may weigh on sentiment and amplify short-term volatility, but ETF flows alone do not establish the cause of price moves or guarantee further declines. Over the longer term, the three-week outflow streak and possible competition from staking yields merit attention, while positive cumulative inflows since launch and the possibility that redemptions ease could limit the impact. The classification is bearish for ETH, not a forecast of a sustained market downturn.