U.S. crypto ETFs post broad weekly outflows as ether and Solana funds extend reversals
Selling pressure intensifies across U.S. crypto exchange-traded funds last week, with spot ether products recording their weakest weekly performance since January and Solana funds ending a months-long inflow streak. The pullback also reaches bitcoin funds, leaving the three categories with about $1.25 billion in combined net outflows over the week.
Highlights
- U.S. spot ether ETFs record $542.1 million in net outflows last week, extending a nine-day losing streak totaling $697.2 million since Sept. 29.
- Spot Solana ETFs register $24.8 million in outflows, their largest weekly net redemption since launch, led by Bitwise's BSOL losing $20.9 million.
- Spot bitcoin ETFs post $681.1 million in outflows last week, breaking a three-week inflow trend as 2026 net inflows drop to $494.1 million.
Weekly redemptions deepen across ether, Solana and bitcoin funds
As reported by The Block, U.S. spot ether ETFs record $542.1 million in net outflows last week, extending their losing streak to nine consecutive trading days. The run begins on Sept. 29 and totals $697.2 million, marking the second straight weekly loss for the category.BlackRock's ETHA accounts for most of the ether outflows, losing $477.0 million over the week, about 88% of the category total. Grayscale's ETHE posts the second-largest weekly outflow at $31.9 million.
Tuesday is the heaviest trading day for ether fund redemptions, with $201.9 million leaving the products, all from ETHA. The outflow comes on the day ETHA's 1-for-3 reverse share split takes effect, and it is the fund's largest single-day outflow since Jan. 21.
Spot Solana ETFs lose $24.8 million during the week, the largest weekly outflow since the products launch in late October 2025. Bitwise's BSOL leads the decline with $20.9 million in outflows, about 84% of the category total, as Solana funds post outflows in all five sessions for their longest daily losing streak on record.
Asset flows signal weaker momentum in crypto ETF market
Two weeks earlier, Solana funds draw a record $188.2 million in weekly inflows, underscoring the sharp reversal in investor demand. The previous longest outflow streak for the Solana products is three days, far shorter than last week's five-session run.Spot bitcoin ETFs also turn negative, shedding $681.1 million and ending a three-week inflow streak. Wednesday accounts for most of the withdrawals, with $487.1 million exiting the funds.
The bitcoin products' 2026 net inflows fall to $494.1 million from $1.18 billion a week earlier. Bitcoin ETFs hold $105.84 billion in net assets and have attracted $57.11 billion in cumulative net inflows since launch, while ETHA alone holds $8.64 billion in net assets despite recent redemptions.
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