TLDR
- Spot Ethereum ETFs saw $795.6M in outflows for the week ending Sept. 26.
- BlackRock’s ETHA and Fidelity’s FETH were hit hardest with major withdrawals.
- Ethereum’s price dropped below $4,000 but rebounded above it by Saturday.
- Spot Bitcoin ETFs also faced high outflows, totaling $902.5 million last week.
Spot Ethereum ETFs saw their largest weekly outflows since their launch last year. The outflows amounted to $795.6 million for the week ending September 26, 2025. This marks the highest level of withdrawals for these funds, surpassing the previous record of $787.7 million seen earlier in September. Despite these outflows, Ether’s price managed to recover and briefly return above the $4,000 mark.
Ethereum ETF Outflows Driven by Market Dip
Ethereum ETFs saw significant outflows in the past week, with major funds such as BlackRock’s ETHA and Fidelity’s FETH experiencing notable withdrawals. According to data from SoSoValue, Ethereum ETFs experienced $795.6 million in outflows, marking the worst week since their inception in July 2024. This surpasses the previous record set during the week ending September 5, which had seen $787.7 million in outflows.
The sharp dip in Ethereum’s price below $4,000 on Thursday and Friday played a key role in triggering these outflows. As ETH’s value fell, it led to a substantial amount of fund withdrawals. At its lowest, ETH traded below $3,950, prompting an increase in selling pressure and withdrawals from ETF investors. Analyst Rachael Lucas cited factors such as technical breakdowns, macroeconomic concerns, and liquidations contributing to the sharp price movement.
BlackRock and Fidelity Funds Hit Hardest by Withdrawals
BlackRock’s Ethereum ETF, ETHA, was among the hardest-hit funds, seeing over $200 million in outflows. Despite these withdrawals, the fund still maintains over $15 billion in assets under management. Fidelity’s FETH, which ranks as the third-largest Ethereum ETF, experienced the largest outflow of any Ethereum fund, losing over $362 million during the week.
Ethereum ETFs saw an average of $250 million in outflows each day on Thursday and Friday. This marked the worst two-day outflow period since mid-August, as the combined selling pressure across funds escalated. The outflows reflect growing concern among investors following Ethereum’s brief price dip. However, by Saturday, Ethereum’s price recovered to over $4,000, providing some relief to these funds.
Bitcoin ETFs Also Face Substantial Outflows
Ethereum was not the only cryptocurrency ETF affected by this trend. Spot Bitcoin ETFs also saw substantial outflows, totaling $902.5 million for the week. While both Bitcoin and Ethereum faced market pressure, the outflows in Bitcoin funds reached a high, with a record $418 million withdrawn in a single day on Friday. Similar to Ethereum ETFs, the Bitcoin funds saw more significant withdrawals from Fidelity’s FBTC compared to BlackRock’s IBIT fund.
Despite the outflows, BlackRock’s Bitcoin fund has continued to grow its market share, often holding over 80% of the spot Bitcoin ETF market. This growth contrasts with the ongoing challenges facing other funds like Fidelity’s FBTC, which saw withdrawals of $300 million on Friday alone.
Ethereum Price Recovery May Signal Stabilization
After a difficult week for Ethereum ETFs, Ether’s price managed to regain some ground. On Saturday, ETH climbed back above the $4,000 mark, indicating potential stabilization. This rebound could offer some relief to investors and might signal that the worst of the market turbulence may have passed. Despite recent market volatility, Ethereum’s performance suggests resilience, and its price movement could influence the trends for Ethereum ETFs in the coming weeks.
Although Ethereum ETFs experienced substantial outflows, the market continues to fluctuate, with prices showing signs of recovery. Investors will be keeping a close eye on further price movements in Ethereum, as they may determine whether this recent rebound holds.
