Ether ETFs Hit Nine-Day Outflow Streak as Solana Funds End Record 14-Week Run

Major outflows hit all three major crypto ETF categories

U.S. spot ether ETFs lost $542.1 million last week, marking their worst week since January and extending their losing streak to nine consecutive trading days. Spot Solana ETFs also turned negative, ending a record 14-week inflow streak with $24.8 million in outflows. Bitcoin ETFs added to the decline by shedding $681.1 million, snapping a three-week run of inflows. Combined, the three categories lost roughly $1.25 billion in a single week.

ETFs, or exchange-traded funds, are investment products that track the price of an underlying asset, in this case major cryptocurrencies. Investors buy and sell shares of an ETF instead of holding the actual coins, giving traditional investors an easier way to gain exposure to crypto prices.

Key numbers from the week

• Ether ETFs: $542.1 million in net outflows, with nine straight trading days of losses totaling $697.2 million since September 29.
• Solana ETFs: $24.8 million in outflows, the largest weekly loss since the funds launched in late October 2025, ending a 14-week streak of inflows.
• Bitcoin ETFs: $681.1 million in outflows, their worst week since the week ending June 26, when they lost $1.79 billion.
• Combined net assets: Ether ETFs fell 10% to $15.71 billion, Solana ETFs dropped to $1.73 billion, and Bitcoin ETFs held $105.84 billion.

BlackRock's ETHA and Bitwise's BSOL drove most of the selling

BlackRock's ETHA, the largest ether ETF by assets under management, lost $477.0 million over the week. That single fund accounted for about 88% of the entire ether ETF category's outflows. Tuesday saw the heaviest single day for the ether products, with $201.9 million in redemptions, all from ETHA, on the day its 1-for-3 reverse share split took effect. A reverse share split combines multiple shares into one, raising the per-share price.

ETHA now holds $8.64 billion in net assets, about $4.15 billion less than the $12.79 billion in cumulative net inflows since its July 2024 launch. The fund posted outflows in all five trading sessions last week.

Grayscale's ETHE had the second-largest weekly outflow among ether funds at $31.9 million. Fidelity's FETH pulled in $74.1 million of the $138.0 million that left ether funds the week before, according to SoSoValue data analyzed by The Block.

On the Solana side, Bitwise's BSOL lost $20.9 million, making up about 84% of the Solana ETF category's outflows. That was BSOL's largest weekly outflow on record. Monday's $9.2 million outflow was the biggest single day of the week. Morgan Stanley's MSOL and Invesco's QSOL were the only Solana funds to post positive results, taking in a combined $2.0 million.

Solana's reversal comes just two weeks after record inflows

The Solana ETFs had drawn a record $188.2 million in weekly inflows two weeks prior, making the shift to outflows a sharp reversal. The 14-week inflow streak had just surpassed a 13-week run from launch that ended in late January.

Solana ETF net assets fell from a record $1.96 billion on September 25 to $1.73 billion. Cumulative net inflows since launch stand at $1.58 billion, with $816.8 million coming in during 2026.

Ether and Bitcoin ETFs still positive for 2026

Despite the recent selling pressure, ether ETFs remain positive for the year with $931.8 million in year-to-date net inflows, down from $1.47 billion the previous week. Trading volume actually rose to $5.18 billion from $3.57 billion the prior week, suggesting active trading even as net flows turned negative.

Bitcoin ETFs also remained positive for 2026 with $494.1 million in year-to-date inflows, though that figure dropped sharply from $1.18 billion a week earlier. Wednesday accounted for most of the bitcoin outflows, with $487.1 million leaving. The funds returned to inflows on Friday with $21.1 million. Cumulative net inflows since bitcoin ETFs launched stand at $57.11 billion.

What this data comes from

The flow figures in this article come from analysis by The Block of data provided by SoSoValue, a data provider that tracks crypto fund flows. The Block is a crypto news outlet, not a primary data source. All numbers reflect reported fund flow figures for the week ending Friday, October 9, 2026, as compiled and published on Saturday, October 10.

At the time of publication, ether traded near $2,506, Solana around $110.50, and bitcoin near $82,900.

Sources

• The Block — Ether ETFs extend outflow streak to nine days as Solana funds snap record 14-week inflow run

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