U.S. spot Bitcoin, Ether and Solana exchange-traded funds collectively recorded about $1.25 billion in net withdrawals last week, as Ether funds extended a nine-session losing streak and Solana products posted their first weekly outflow after 14 consecutive weeks of inflows, according to SoSoValue data.
Spot Bitcoin ETFs led the weekly withdrawals with $681.1 million in net outflows, ending a three-week inflow run. Spot Ether ETFs lost $542.1 million, their largest weekly outflow since the week ended Jan. 23, while spot Solana ETFs shed $24.8 million in their biggest weekly withdrawal since the products began trading in late October 2025.
The synchronized reversal places the recent ETF demand picture under pressure across the three largest U.S. spot crypto-fund categories. Bitcoin products remain far larger than their Ether and Solana counterparts, yet each group saw net assets and year-to-date inflow figures decline over the week.
BlackRock’s ETHA drove most Ether fund withdrawals
BlackRock’s iShares Ethereum Trust, trading under the ticker ETHA, accounted for $477 million of the $542.1 million withdrawn from spot Ether ETFs last week, or roughly 88% of category outflows, SoSoValue data shows. Grayscale Ethereum Trust, ETHE, recorded the second-largest weekly withdrawal at $31.9 million.
ETHA posted outflows in each of the five trading sessions. Its net assets stood at $8.64 billion at the end of the week, while cumulative net inflows since launch totaled $12.79 billion. The gap reflects a decline in the fund’s underlying Ether holdings and market value alongside recent redemptions.
Tuesday was the heaviest day for the Ether ETF category, with $201.9 million in total outflows. SoSoValue attributed the entire daily decline to ETHA, which recorded approximately $202 million in redemptions on the day its 1-for-3 reverse share split took effect.
A reverse split combines existing shares into a smaller number of higher-priced shares without altering the value of a holder’s position at the time of the split. The timing overlaps with ETHA’s largest daily withdrawal of the week, though flow data alone does not establish whether the corporate action caused the redemptions.
The nine-day Ether ETF outflow run began on Sept. 29, following a $17.1 million net inflow recorded on Sept. 28. Since the streak started, Ether ETFs have lost $697.2 million, with ETHA responsible for $506.1 million of that amount, according to SoSoValue.
The current sequence matches a June 17-30 stretch as the third-longest outflow run in the category’s history. The longest lasted 17 trading days, from May 11 through June 3, and saw roughly $900.1 million leave spot Ether funds.
Total net assets across U.S. spot Ether ETFs fell 10% during the week to $15.71 billion. Cumulative net inflows since the products launched stood at $13.26 billion, while 2026 net inflows dropped to $931.8 million from $1.47 billion a week earlier.
Ether ETF trading activity rose even as money left the products. Weekly trading volume reached $5.18 billion, up from $3.57 billion in the previous week, suggesting that the withdrawal period was accompanied by heavier turnover rather than a simple decline in trading interest.
Solana funds end their longest inflow streak
Spot Solana ETFs recorded net outflows in all five sessions last week, their longest daily losing streak since launch, SoSoValue data shows. The previous record was three consecutive days of outflows.
The category’s $24.8 million weekly outflow was nearly three times larger than its previous worst weekly result of $8.9 million in the week ended Feb. 6. Before last week, the most recent negative week for Solana ETFs was the week ended June 26, when they lost $1.8 million.
Bitwise’s BSOL accounted for $20.9 million of the weekly withdrawals, about 84% of the category total. It was BSOL’s largest weekly outflow on record, exceeding the $17 million recorded in the week ended July 31.
Monday produced the largest one-day Solana ETF withdrawal, at $9.2 million. Morgan Stanley’s MSOL and Invesco’s QSOL were the only two Solana funds to finish the week with net inflows, attracting a combined $2 million.
The reversal ended a 14-week inflow streak that had surpassed the category’s prior 13-week record, which began at launch and ended in late January. Just two weeks earlier, Solana ETFs had logged a record $188.2 million in weekly inflows.
Net assets across the Solana ETF group declined to $1.73 billion from $1.90 billion a week earlier, after reaching a record $1.96 billion on Sept. 25. Cumulative net inflows remained at $1.58 billion, including $816.8 million recorded during 2026.
Bitcoin funds post their weakest week since June
Spot Bitcoin ETFs lost $681.1 million last week, their largest weekly outflow since the week ended June 26, when the category recorded $1.79 billion in redemptions, according to SoSoValue.
Wednesday accounted for most of the weekly decline, with $487.1 million leaving Bitcoin funds in a single session. The category returned to modest inflows on Friday, adding $21.1 million, but the late-week improvement did little to offset the earlier withdrawals.
Bitcoin ETF net inflows for 2026 fell to $494.1 million from $1.18 billion one week earlier. Total net assets stood at $105.84 billion, while cumulative net inflows since the products launched reached $57.11 billion.
The week’s figures show that the pullback was not confined to one cryptocurrency or one issuer. Ether’s decline was heavily concentrated in ETHA, while Solana’s withdrawals were similarly dominated by BSOL. Bitcoin’s larger outflow total, spread across a much bigger fund category, ended a shorter recovery in weekly demand and left all three groups facing a weaker start to October.
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