BlackRock ETF clients sell $75 million worth of Ethereum

BlackRock’s Ethereum fund had another rough day at the office. Clients of the iShares Ethereum Trust (ETHA) pulled $75.07 million worth of Ethereum on October 12, 2026. That one fund drove most of the day’s pain. Across all US spot Ethereum ETFs, net outflows totaled $85.4 million, so BlackRock’s product was doing the bulk of the bleeding. A streak that keeps getting longer The October 12 outflow capped a run of nine consecutive days of money leaving Ethereum ETFs. For the week ending October 9, spot Ethereum ETFs recorded $542.1 million in net redemptions. That figure marked the largest weekly outflow since January 2026. ETHA accounted for about 88% of those redemptions. BlackRock’s fund has also seen sizable single-day withdrawals in recent weeks. Clients pulled roughly $110 million on September 16 and $201.9 million on October 6. Ethereum’s price slides alongside the flows The redemptions coincided with a soft patch in the underlying asset. Ethereum was consolidating around $2,500 on October 12. Earlier in the month, the token had been trading between $2,600 and $2,715. Total assets under management across US spot Ethereum ETFs stood at approximately $15.86 billion as of October...