US Spot Bitcoin and Ethereum ETFs Record $1.22 Billion Weekly Net Outflows

United States spot Bitcoin and Ethereum exchange-traded funds recorded over $1.22 billion in combined net redemptions during the week of October 5-9, 2026. Bitcoin products led the decline, shedding between $679 million and $681 million to end a three-week streak of net gains, hit hard by a single-day midweek exit of up to $487 million. Meanwhile, Ethereum funds posted five consecutive days of outflows totaling roughly $542 million, marking their largest weekly withdrawal since January 2026 and bringing their losing streak to nine straight sessions. Prominent products including BlackRock's iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA) accounted for significant portions of the total selling, while Solana funds lost about $25 million to break a 14-week period of continuous inflows.

The sudden turnaround underscores heightened market volatility and ongoing regulatory uncertainty across the digital asset space. Widespread redemptions across multiple cryptocurrency categories force ETF managers to trim their underlying crypto holdings to settle cash withdrawals, which can place direct selling pressure on spot market prices. Ethereum funds have faced particularly sustained weakness, with extended negative sessions signalling persistent institutional caution. Despite the notable weekly exits, net inflows for both Bitcoin and Ethereum ETFs remain positive on a year-to-date basis.

Investors will be watching whether single-day redemption spikes represent temporary institutional portfolio adjustments or the start of a broader retrenchment. Key factors to monitor include upcoming regulatory decisions, stability in daily ETF flows, and whether Ethereum products can break their multi-session losing streak.