Clients of BlackRock’s iShares Ethereum Trust (ETHA) withdrew $75.07 million in Ethereum on October 12, accounting for the bulk of an $85.4 million exodus from all US spot Ethereum ETFs. This outflow capped a streak of nine consecutive days of redemptions, with $542.1 million in net weekly redemptions marking the largest weekly outflow since January 2026. Ethereum was trading around $2,500 on October 12, down from its $2,600 to $2,715 range earlier in the month. Despite these withdrawals, ETHA remains the dominant product in its category with over $12.7 billion in cumulative net inflows since its July 2024 launch.
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