Crypto ETFs Lose $1.25 Billion as Ether Redemptions Deepen and Solana Streak Ends

The simultaneous reversal is notable because the same three categories attracted more than $3.2 billion during the week ended September 25, including $2.4 billion for Bitcoin, $689.9 million for Ether and a record $188.2 million for Solana.

How Severe Are the Ether ETF Outflows?

Ether funds have now recorded net withdrawals for nine consecutive trading sessions beginning September 29, removing approximately $697.2 million from the products.

BlackRock’s iShares Ethereum Trust ETF, ETHA, accounted for most of the damage. The fund lost $477 million last week, representing about 88% of total Ether ETF redemptions, and posted an outflow in every trading session.

The largest single withdrawal came on October 6, when $201.9 million left ETHA. That was also the effective date of the fund’s one-for-three reverse share split.