Crypto ETFs posted a net outflow of $1.29 billion in a single week, with Bitcoin and Ethereum products leading the declines.
According to Farside Investors’ tracking of ETF filings related to Bitcoin, Ethereum, Solana, Hyperliquid, and Zcash, U.S. crypto ETFs experienced a net outflow of $1.29 billion between October 5 and 9, with Bitcoin and Ethereum funds accounting for the majority of redemptions.
- Bitcoin ETFs experienced a net outflow of $678.9 million, despite turning net inflows again on Friday.
- Ethereum ETFs recorded net outflows for five consecutive trading days, totaling $542.2 million withdrawn.
- Solana ETF experienced a net outflow of $25 million, with Bitwise's BSOL accounting for the majority of weekly redemptions.
- Zcash and Hyperliquid-related products experienced net outflows of $30.8 million and $9.4 million, respectively.
Daily data from Farside Investors shows that over these five trading days, Bitcoin and Ethereum ETFs combined had a net outflow of $1.22 billion. The remaining three tracked categories added a further $65.2 million in net outflows, resulting in negative flows for all five products for the week.
According to these figures, a total of $29.2 million flowed into these five categories between September 28 and October 2. Previously, Bitcoin inflows offset outflows from other categories, but this time Bitcoin turned net negative, causing the overall data for the latest week to shift sharply negative.
Bitcoin ETFs experienced a net outflow of $678.9 million; despite inflows on Friday, the weekly decline continued.
Farside’s Bitcoin ETF filings show that there were three net outflow days and two net inflow days between October 5 and 9. On Monday, there was a net outflow of $89.8 million, followed by a net inflow of $118.8 million on Tuesday.
Wednesday saw the largest single-day net outflow of $484.9 million, followed by another $244.1 million outflow on Thursday. On Friday, $21.1 million flowed in, narrowing the weekly net outflow to $678.9 million; the previous week, this category had recorded a net inflow of $241.1 million.
By fund, Fidelity’s FBTC led with net outflows of $380.3 million, followed by ARK 21Shares’ ARKB with net outflows of $207.2 million. Bitwise’s BITB saw outflows of $45.3 million, and Grayscale’s GBTC saw outflows of $47.5 million.
BlackRock’s IBIT barely posted a positive net inflow for the week, at $1.1 million. The fund saw combined inflows of $191.9 million on Monday and Tuesday, but experienced a single-day outflow of $207.7 million on Wednesday, erasing the prior gains; an additional $5.5 million flowed out on Thursday, followed by $22.4 million in inflows on Friday.
Morgan Stanley's MSBT saw an inflow of $7.8 million, and Franklin Templeton's EZBC saw an inflow of $4.7 million. Grayscale's Bitcoin Mini Trust experienced an outflow of $11 million, while VanEck's HODL had a net outflow of $1.2 million.
Ethereum ETFs experience five consecutive days of net outflows
Farside’s Ethereum data sheet shows a net outflow of $542.2 million for the week, higher than the $138.1 million outflow between September 28 and October 2. In the latest reporting period, each trading day ended with a net outflow.
On Monday, $50.8 million flowed out; on Tuesday, $201.9 million flowed out, the largest single-day outflow; followed by $160.9 million on Wednesday, $72.5 million on Thursday, and $56.1 million on Friday.
BlackRock's ETHA saw an outflow of $477.1 million, accounting for approximately 88% of the total weekly outflows. On Tuesday alone, the fund's outflow equaled the entire category's net outflow of $201.9 million for that day.
Grayscale's ETHE saw outflows of $31.9 million, Fidelity's FETH had net outflows of $13.4 million. Bitwise's ETHW experienced outflows of $5.9 million, and 21Shares' TETH had outflows of $7.5 million.
VanEck's ETHV and Invesco's QETH saw outflows of $3.7 million and $2 million, respectively. Grayscale's Ethereum Mini Trust also experienced a $2 million outflow.
Morgan Stanley’s MSSE saw $1.3 million inflow on Thursday, making it the only Ethereum fund on this table with positive weekly net inflows. BlackRock’s ETHB and Franklin Templeton’s EZET recorded no net flows.
Solana ETF has seen $25 million in outflows over five consecutive trading days.
Farside's Solana dashboard shows that this category experienced outflows every trading day, totaling $25 million. The previous week, the category recorded only a net inflow of $800,000.
On Monday, $9.2 million flowed out, marking the largest single-day outflow; on Tuesday, $3.7 million flowed out; on Wednesday, $4.8 million flowed out; on Thursday, $3.5 million flowed out; and on Friday, $3.8 million flowed out.
Bitwise's BSOL had a net outflow of $21 million for the week, with four trading days recording negative flows. Farside records show no net change on Tuesday for the fund.
FSOL saw an outflow of $2.1 million on Monday, while Grayscale’s GSOL experienced a $3.7 million outflow on Tuesday. Morgan Stanley’s MSOL saw an inflow of $1.8 million on Thursday, partially offsetting the aforementioned outflows.
VSOL, TSOL, and SOEZ recorded no net flows during this period. Farside's cumulative data shows that the Solana category had a total size of approximately $1.58 billion after Friday's close.
An additional $40.2 million flowed out from Zcash and Hyperliquid products combined.
Farside's Zcash data shows a net outflow of $30.8 million for ZCSH over the week. Outflows of $3.6 million occurred on Monday, $8.5 million on Wednesday, and $18.7 million on Thursday; there was no net flow on Tuesday or Friday.
This decline followed a $77.6 million outflow between September 28 and October 2. Combined over the two five-day periods, the table records total redemptions of $108.4 million.
According to another table from Farside, Hyperliquid-related products experienced a net outflow of $9.4 million between October 5 and 9, reversing a net inflow of $3.4 million the previous week.
Among these, THYP saw outflows of $12.4 million, consisting of $2.7 million on Monday and $9.7 million on Thursday. On Tuesday, inflows of $1 million into BHYP and $2 million into HYPG partially offset these redemptions. There were no net flows for any of these three products on Wednesday and Friday.
All data in this article is sourced from Farside Investors.