BlackRock Ethereum Fund Sees $1.3 Billion Exit in Month of Outflows

The scale of the exits underscores a broader trend of withdrawal pressure across the Ethereum ETF sector. According to Lookonchain’s data, ETHA accounted for roughly 77% of daily Ether withdrawals in recent snapshots, with individual transaction movements reaching as high as 29,814 ETH. While the fund still holds approximately 3,095,551 ETH—maintaining about 56.1% of the total assets tracked by the firm—the sheer volume of outflows has dominated market activity.

Farside data corroborates the severity of the trend, placing ETHA’s total October net withdrawals at roughly $1.42 billion. During that month, the fund failed to record a single session of positive net flows. While Fidelity’s FETH managed to attract 27,067 ETH over a recent seven-day window, providing a minor counterweight to the market pressure, it remains the sole issuer in the group to maintain a positive balance. The redemption process, handled by authorized participants via cash or in-kind transfers, continues to facilitate these large-scale movements, though the underlying motivations for the sell-offs remain opaque.