During the week, spot Ethereum 
$2,301 ETFs saw the highest weekly outflow recorded to date. According to SoSoValue data, the week ending September 26 experienced a total withdrawal of $795.6 million from ETFs. During the same period, trading volume exceeded $10 billion and the price of ETH briefly dropped below $4,000.
Record Withdrawals from Ethereum ETFs
The outflows from Ethereum-based spot ETFs reached noteworthy levels. Over $200 million was withdrawn from BlackRock’s ETHA ETF, while Fidelity’s third largest ETF, FETH, saw an outflow exceeding $362 million. The busiest days of the week for these movements were Thursday and Friday. With the ETH coin’s price falling below $4,000, approximately $250 million was withdrawn daily.
The total weekly withdrawal from Ethereum ETFs reached $795.6 million. This surpassed the previous record of $787.7 million set on September 5. Despite the outflows, BlackRock’s ETHA continues to be the largest ETF in the sector, with asset size exceeding $15.2 billion.
Towards the weekend, ETH’s price recovered, returning to the $4,020 level. The second-largest cryptocurrency in the market maintains its position above $4,000 for now.
Bitcoin ETFs Also Face Withdrawals
Not only Ethereum ETFs but also Bitcoin 
$77,293 ETFs saw significant withdrawals during the same period. The weekly total outflow from spot Bitcoin ETFs rose to $902.5 million. Notably, Friday alone recorded an outflow of $418.3 million.
Performance variations among the ETFs became apparent. On Friday, a withdrawal of $37.3 million occurred solely from BlackRock’s IBIT ETF, whereas Fidelity’s FBTC ETF saw an outflow exceeding $300 million on the same day.
In examining long-term trends, BlackRock’s IBIT ETF continues to increase its market share. The ETF, which at times controls over 80% of the total Bitcoin ETF market, experienced lesser outflows compared to its competitors.
