BlackRock ETF clients pull $202M from Ethereum as outflow streak hits six days

Clients of BlackRock’s spot Ethereum fund sold $201.89 million worth of ETH exposure on October 6, 2026. That single redemption made up the whole $202 million net outflow from US spot Ethereum ETFs that day. The move extends a six-day run of withdrawals from the sector. It also lands while Bitcoin ETFs are drawing money in, which hints that investors are rearranging their crypto bets rather than leaving the room. One fund, one very large exit The fund in question is the iShares Ethereum Trust, which trades under the ticker ETHA. It recorded the largest single-fund redemption among US spot Ethereum ETFs on October 6. A spot ETF holds the actual asset, in this case ETH. When clients cash out, the fund redeems shares and its ETH holdings shrink accordingly. This isn’t ETHA’s first notable withdrawal this fall. The fund saw around $110 million in client redemptions on September 16, 2026. That earlier episode happened alongside broader Ethereum ETF outflows totaling $224 million. It arrived against the backdrop of a recent Federal Reserve rate hike. ETHA’s latest single-day exit is close to double that mid-September redemption. The bigger picture is still in the black Cumulative net inf...