Spot Ethereum ETFs Suffer $800M in Outflows, Worst Week Since Launch

Core Insights - Ethereum exchange-traded funds (ETFs) experienced their largest weekly outflows to date, totaling nearly $800 million as the crypto market declined [1][3][9] Ethereum ETFs - Spot Ethereum ETFs recorded $795.6 million in net outflows for the week ending September 26, surpassing the previous record of $787.7 million [3][9] - The largest withdrawals were from Fidelity's FETH, which saw over $362 million in outflows, and BlackRock's ETHA, which lost over $200 million but still holds more than $15.2 billion in total assets [4][9] - Ethereum prices briefly fell below $4,000, leading to significant redemptions from funds, marking the worst two-day outflow period since mid-August [5][9] Bitcoin ETFs - Bitcoin ETFs also faced substantial outflows, with a total of $902.5 million leaving the funds during the same week [6][9] - BlackRock's IBIT fund managed to limit its losses to $37.3 million on a particularly volatile day, maintaining a dominant market share of approximately 80% among spot Bitcoin ETFs [6][7] Solana ETFs - Several major asset managers, including Fidelity and Franklin Templeton, have filed for spot Solana ETFs, indicating growing institutional interest [8] - ETF analysts anticipate that the US SEC may approve these filings by mid-October, which could be a significant development for digital asset products [8]