Ethereum ETFs Lose $201.9 Million As Bitcoin Funds Return To Inflows

TL;DR: US spot Ethereum ETFs recorded $201.9 million in net outflows on October 6, according to Farside Investors. Bitcoin ETFs moved the other way with roughly $118.8 million of net inflows, creating a sharp one-day divergence between institutional flows into the two largest crypto assets.

Ethereum’s US spot ETFs just suffered their heaviest day of withdrawals in weeks.

Data from Farside Investors shows the group recorded $201.9 million in net outflows on October 6, extending a difficult start to the month for Ether investment products.

The entire daily outflow shown by Farside came from BlackRock’s ETHA, while the other tracked products recorded no net movement for the session.

The size of the withdrawal stands out on its own.

But the contrast with Bitcoin makes the session more notable.

US spot Bitcoin ETFs recorded approximately $118.8 million in net inflows on the same day, with BlackRock’s IBIT accounting for $122 million of positive flow before smaller movements elsewhere in the group.

That left the market with a clear divergence: investors were adding money to Bitcoin products while pulling more than $200 million from Ethereum funds.

A single day of ETF flows should not be treated as a referendum on either asset.