BlackRock’s iShares Ethereum Trust dominated Ethereum ETF redemptions on October 12, 2026, as clients withdrew $75.07 million worth of Ethereum. The selling extended a sustained run of withdrawals from US spot Ethereum funds, with most of the money leaving BlackRock’s product.
Key takeaways
- US spot Ethereum ETFs lost $85.4 million on October 12, 2026.
- ETHA represented about 88% of the preceding week’s redemptions.
- Ethereum ETF withdrawals reached nine consecutive days.
According to Crypto Briefing, net withdrawals across US spot Ethereum ETFs reached $85.4 million that day. BlackRock’s fund, traded under the ticker ETHA, accounted for most of that total.
BlackRock leads Ethereum ETF redemptions
ETHA accounted for approximately 88% of weekly redemptions in the week ending October 9, 2026. FinanceFeeds, citing updated Farside Investors data, put the fund’s withdrawals at $477.1 million for that period.
On October 6, 2026, $201.9 million flowed out of BlackRock’s Ethereum fund, and this was followed by outflows of $116.1 million on October 7, $71.1 million on October 8, and $56.1 million on October 9. Clients had also withdrawn roughly $110 million on September 16, 2026.
Withdrawals extend to nine consecutive days
The October 12, 2026 session brought Ethereum ETFs’ outflow streak to nine consecutive days. Funds recorded withdrawals in every trading session during the preceding week.
Updated Farside Investors figures placed category-wide net redemptions at $542.2 million for the week ending October 9, 2026. The primary report described that week as the largest for Ethereum ETF outflows since January 2026.
Ethereum’s price and ETF holdings
Ethereum consolidated around $2,500 on October 12, 2026, compared with a trading range of $2,600 to $2,715 earlier that month. The lower price levels coincided with the fund withdrawals.
US spot Ethereum ETFs still held approximately $15.86 billion in assets under management as of October 12, 2026. Those assets represented roughly 5.15% of Ethereum’s total market capitalization.
Bitcoin’s mixed flows and ETHA’s longer streak
Bitcoin ETF demand varied by session, but updated weekly figures showed net withdrawals rather than a broad shift into Bitcoin funds. Farside Investors data put Bitcoin ETF redemptions at $678.9 million for the week ending October 9, 2026, despite a $21.1 million inflow on its final day.
BlackRock’s iShares Bitcoin Trust finished that week with a $1.1 million net inflow. Ethereum funds continued to record withdrawals on October 9, 2026.
Despite the sustained Ethereum ETF redemptions, ETHA’s cumulative net inflows remained above $12.7 billion since its launch in July 2024. The fund charges a 0.25% sponsor fee.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.