The five-day trading period from October 5 to 9, 2026, saw heavy capital withdrawals from US exchange-traded products. Five crypto ETF categories - spanning Bitcoin, Ethereum, Solana, Hyperliquid, and Zcash asset classes - recorded combined net outflows of $1.29 billion. Bitcoin and Ethereum investment products dominated the sell-off, accounting for $1.22 billion of total outflows.
This market condition marked a sharp reversal from the previous week. During trading between September 28 and October 2, the five ETF categories combined had recorded net inflows of $29.2 million. Steady capital flows into Bitcoin products had previously offset withdrawals from other asset categories. However, in the second week of October, Bitcoin ETF products recorded three negative trading sessions against only two positive ones. Fresh capital inflows on Friday, coinciding with coin price recoveries, failed to pull Bitcoin’s weekly tally out of negative territory.
BlackRock ETHA Drives Outflows
The Ethereum ETF category bore the brunt of the weekly withdrawals, shedding $542.2 million. This total weekly outflow surged sharply compared to the previous week, when Ethereum ETFs recorded only $138.1 million in redemptions.
The outflow of funds was heavily concentrated in one major asset manager. BlackRock’s ETHA product reported $477.1 million in withdrawals, accounting for 88% of all Ethereum ETF outflows for the week. The impact of BlackRock’s redemptions was most pronounced during Tuesday’s trading, when $201.9 million left the ETHA product, matching the combined net outflows across all Ethereum ETF products for that day.
On the other hand, the sole Ethereum representative to post positive inflows was Morgan Stanley’s MSSE. The financial institution saw an additional $1.3 million in capital inflow during Thursday’s trading session.
Solana and Hyperliquid Also in the Red
Capital outflows also pressured secondary crypto assets. The Solana ETF category reported net withdrawals of $25 million. An outflow of $21 million from Bitwise BSOL led the declines in this group, pushing cumulative losses in the Solana category to $1.58 billion.
The Hyperliquid ETF category closed out the week by shedding $9.4 million. These withdrawals reversed Hyperliquid’s momentum from the previous week, when the asset group had logged $3.4 million in net inflows.
Reported by crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
