Investors Pull Record $796 Million from Spot Ethereum ETFs in Bleak Week

Spot Ethereum ETFs faced a historic exodus last week, recording their largest weekly outflow since launching. A net $795.6 million left the funds during the week ending September 26, eclipsing the previous record set earlier in the month.

The sell-off intensified as the price of Ether dipped below $4,000 on Thursday and Friday, triggering roughly $250 million in daily outflows—the worst two-day stretch since mid-August.

Leading the retreat were the funds from major issuers; Fidelity’s Ethereum Fund (FETH) saw outflows of $362 million, while BlackRock’s iShares Ethereum Trust (ETHA) bled over $200 million. Despite the outflows, the products still saw over $10 billion in trading volume, indicating high market activity.