Ethereum ETFs lose more money than Bitcoin ETFs last week

U.S. spot Ethereum ETFs have recorded roughly $320.1 million in net withdrawals for the week ending October 16, exceeding Bitcoin ETFs’ $228.4 million in outflows as investors reduced exposure to both cryptocurrencies. Summary Ethereum ETFs recorded approximately $320 million in weekly withdrawals, exceeding Bitcoin funds by $92 million overall. BlackRock’s ETHA accounted for nearly $299 million of Ethereum ETF outflows during the five trading sessions. Bitcoin ETFs attracted fresh investments on two trading days, while Ethereum funds gained money only Tuesday. CoinGecko showed Bitcoin near $81,238 and Ethereum around $2,386 on October 18 as prices remained weak. Ethereum funds suffered three consecutive weeks of withdrawals, while BlackRock’s ETHA led the latest weekly losses. According to Farside Investors’ daily fund-flow records, Ethereum products ended four of the five trading sessions in negative territory, while Bitcoin funds managed two days of net inflows. BlackRock’s iShares Ethereum Trust (ETHA) accounted for nearly $299 million in weekly withdrawals, making it the largest contributor to Ethereum’s negative total. The withdrawals coincided with another difficult week for...