US Ethereum spot ETFs recorded a net outflow of $85.4 million (approximately 114.1 billion Korean won) on October 12 (US Eastern Time), according to data from Farside. This marks the 10th consecutive trading day of net outflows starting from September 29, with cumulative outflows over the recent 5 trading days (October 6-12) totaling $576.8 million. The sustained outflow trend reflects reduced institutional demand for Ethereum exposure through ETF vehicles in the US market.
BlackRock ETHA Leads October 12 Outflows at $75.1 Million
On October 12, no Ethereum spot ETF products recorded net inflows. BlackRock's ETHA experienced the largest single-day outflow at $75.1 million. Grayscale's ETH product saw an outflow of $10.3 million on the same day.
Across the recent 5 trading days (October 6-12), BlackRock ETHA recorded the highest cumulative outflow at $520.3 million. Grayscale ETHE followed with $31.9 million in outflows during this period. Fidelity FETH was the only product to record net inflows over the 5-day window, adding $5.5 million.
Since listing in July 2024, BlackRock ETHA has accumulated $12.717 billion in net inflows, the highest among all products. Fidelity FETH follows with $2.348 billion in cumulative inflows. Grayscale ETHE has recorded $5.472 billion in cumulative outflows since listing, while Grayscale's ETH product has accumulated $2.013 billion in net inflows.
October Month-to-Date Outflows Reach $720.4 Million
From October 1 through October 12, US Ethereum spot ETFs have recorded cumulative net outflows of $720.4 million. This contrasts with September, which saw net inflows of $831.3 million.
The 10-day consecutive outflow streak beginning September 29 has resulted in cumulative outflows of $782.8 million through October 12.
Cumulative Net Inflows Since July 2024 Listing Total $13.203 Billion
Since their July 2024 listing, US Ethereum spot ETFs have accumulated $13.203 billion in cumulative net inflows. The source article notes that net outflows from these ETFs increase the possibility of Ethereum price decline.
Data for this analysis was sourced from Farside, with the US dollar to Korean won exchange rate based on Bank of Korea Economic Statistics System data as of October 13.
FAQ
What was the net outflow from US Ethereum spot ETFs on October 12?
US Ethereum spot ETFs recorded a net outflow of $85.4 million on October 12 (US Eastern Time), according to data from Farside.
Which Ethereum ETF had the largest outflow on October 12?
BlackRock's ETHA experienced the largest single-day outflow at $75.1 million on October 12, with no ETF products recording net inflows that day.
How many consecutive trading days have US Ethereum ETFs experienced net outflows?
US Ethereum spot ETFs have recorded 10 consecutive trading days of net outflows starting from September 29, with cumulative outflows of $782.8 million during this period.
