U.S. spot exchange-traded funds tied to Ether and Solana finished the week through October 9 with withdrawals in every session, extending a broad reversal in regulated crypto fund demand. Farside Investors' daily tables show the Ether products lost a combined $542.2 million over five trading days, while the Solana group recorded $25.0 million of net outflows. The result contrasts with the strong inflows both categories reported during parts of September.

Ether withdrawals were concentrated in BlackRock's fund

The Ether category's heaviest session came on October 6, when $201.9 million left BlackRock's iShares Ethereum Trust ETF, or ETHA, and no other product in Farside's table posted a flow. Aggregate daily outflows were $50.8 million on October 5, $201.9 million on October 6, $160.9 million on October 7, $72.5 million on October 8 and $56.1 million on October 9. Those five sessions sum to $542.2 million.

Related reporting: Bitcoin ETFs Extend Inflows as Ether Funds Open October in Retreat

ETHA accounted for $477.1 million of the week's withdrawals in Farside's data, roughly 88% of the category total. Grayscale's ETHE lost $31.9 million, while smaller redemptions were spread among Bitwise, 21Shares, VanEck, Invesco and Grayscale's lower-fee Ethereum Mini Trust. Fidelity's FETH was the main positive exception at the fund level, taking in $5.5 million on October 8, but the category still ended each day in negative territory.

Solana funds also broke their recent pattern

Farside's Solana table shows aggregate withdrawals of $9.2 million, $3.7 million, $4.8 million, $3.5 million and $3.8 million from October 5 through October 9. Bitwise's BSOL contributed $21.0 million of the weekly total. Grayscale's GSOL lost $3.7 million, while Fidelity's FSOL lost $2.1 million. Morgan Stanley's MSOL received $1.8 million on October 8, the only positive fund-level flow in the category during the week.

The Block, using SoSoValue data, calculated slightly different rounded totals: $542.1 million for Ether funds and $24.8 million for Solana funds. It said the Ether products had reached nine consecutive negative sessions and that Solana funds had ended a 14-week inflow streak. Small differences between datasets can reflect provider methodology, timing and later revisions, so the figures should be read with their source identified.

A sharp reversal, not a price forecast

The weekly move is notable because it was broad across days rather than driven by one isolated close. Even so, creations and redemptions do not disclose why investors entered or exited. Flows can reflect portfolio rebalancing, liquidity needs, hedging or decisions specific to an individual fund. Changes in net assets also include market-price movements, so they are not interchangeable with subscriptions and withdrawals.

The comparison between Ether and Solana funds also requires scale. Farside lists cumulative net inflows of about $13.29 billion for the Ether category and $1.58 billion for Solana products. A similar percentage move can therefore produce very different dollar totals. Concentration in ETHA and BSOL means a small number of large redemption orders can dominate the weekly picture without proving that every holder or institution changed direction.

What comes next

The next trading sessions will show whether the withdrawals persist or whether the latest week becomes a short interruption in longer-term demand. The clearest signals will be whether the daily pattern broadens beyond the largest funds, whether positive sessions return, and whether reported totals remain stable after data providers update their tables. Until then, the verified conclusion is limited: both U.S. spot Ether and Solana ETF categories ended the week with consistent net redemptions.

Sources

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