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Mid‑October Crypto ETF Withdrawals Concentrated in BlackRock Funds

Heavy, focused redemptions risk creating spot‑market selling that could amplify price swings.

Overview

  • Farside Investors’ tables show U.S. spot crypto ETFs had about $610.7 million in net outflows over Oct. 12–16, with withdrawals down from the prior week but still notable.
  • Ether products lost roughly $320.1 million in that five‑day window, and BlackRock’s iShares Ethereum Trust (ETHA) accounted for about $299 million of the outflow.
  • Bitcoin ETFs recorded about $228.4 million in weekly outflows, with BlackRock’s iShares Bitcoin Trust (IBIT) responsible for roughly $165.4 million and IBIT posting large daily redemptions on Oct. 16.
  • Trading remained active even as money left: spot Bitcoin ETFs traded more than $7.5 billion over the week through Oct. 16, and month‑to‑date Bitcoin outflows sit near $615–618 million versus roughly $104–106 billion in total Bitcoin ETF assets.
  • The key risks to watch are whether redemptions spread beyond ETHA and IBIT and whether crowded leveraged positions in futures (rising open interest and positive funding rates) force forced selling that could deepen price moves.