BlackRock Ethereum Fund Sees $75M in Withdrawals Amid Bitcoin ETF Outflows

BlackRock's Ethereum Fund Sees $75M in Withdrawals Amid Bitcoin ETF Outflows

BlackRock's iShares Ethereum Trust (ETHA) saw a $75.07 million withdrawal of Ethereum on October 12, 2026, amid a streak of nine consecutive days of net outflows from Ethereum ETFs.

Fund Clients Drive Outflows

The fund's clients also drove a $85.4 million net outflow across all US spot Ethereum ETFs.

ETHA Remains Dominant

ETHA remains the dominant force in the category, with over $12.7 billion in cumulative net inflows since its launch in July 2024.

Bitcoin ETFs Record Mixed Inflows

Meanwhile, over in Bitcoin land Bitcoin ETFs recorded mixed to positive inflows during the same period that Ethereum funds were bleeding, pointing toward a potential tactical rotation among digital asset investors rather than a wholesale retreat from crypto.

What This Means for Investors

With ETHA responsible for roughly 88% of recent weekly redemptions, the health of the entire Ethereum ETF category leans heavily on how BlackRock's clients behave.