Ethereum ETF Redemptions Highlight BlackRock Fund Withdrawals

BlackRock’s iShares Ethereum Trust dominated Ethereum ETF redemptions on October 12, 2026, as clients withdrew $75.07 million worth of Ethereum. The selling extended a sustained run of withdrawals from US spot Ethereum funds, with most of the money leaving BlackRock’s product.

Key takeaways

• US spot Ethereum ETFs lost $85.4 million on October 12, 2026.
• ETHA represented about 88% of the preceding week’s redemptions.
• Ethereum ETF withdrawals reached nine consecutive days.

According to Crypto Briefing, net withdrawals across US spot Ethereum ETFs reached $85.4 million that day. BlackRock’s fund, traded under the ticker ETHA, accounted for most of that total.

BlackRock leads Ethereum ETF redemptions

ETHA accounted for approximately 88% of weekly redemptions in the week ending October 9, 2026. FinanceFeeds, citing updated Farside Investors data, put the fund’s withdrawals at $477.1 million for that period.

On October 6, 2026, $201.9 million flowed out of BlackRock’s Ethereum fund, and this was followed by outflows of $116.1 million on October 7, $71.1 million on October 8, and $56.1 million on October 9. Clients had also withdrawn roughly $110 million on September 16, 2026.

Withdrawals extend to nine consecutive days