610.7 million US dollars flowed out of ETF in a single week; the amount flowing out of Ethereum exceeded that of Bitcoin.

The five categories of US cryptocurrencies tracked by Farside Investors experienced a net outflow of $610.7 million from October 12 to 16, with Ethereum funds seeing an outflow exceeding that of Bitcoin products.

• A total of $610.7 million was transferred out from the five types of accounts being tracked ETF, which is lower than the $1.29 billion from the previous week.
• Ethereum ETF saw outflows of $320.1 million, of which BlackRock's ETHA accounted for $299 million.
• Bitcoin funds saw a net outflow of $228.4 million, despite two trading days recording net inflows.
• Products related to Solana, Zcash, and Hyperliquid saw a total outflow of 62.2 million US dollars over five trading days.

According to the daily data of Farside Investors, Ethereum ETF saw a net outflow of $320.1 million, followed by Bitcoin funds with an outflow of $228.4 million; at the same time, products related to Solana, Zcash, and Hyperliquid also experienced declines this week.

The leakage of encrypted ETF has decreased by 52.5% compared to the previous week.

Based on calculations from the five data tables Farside, the net outflow for the week from October 5th to 9th was 1.2863 billion US dollars, and the net outflow for the most recent week has decreased by 52.5% compared to before. Although all tracked categories still show a net outflow, the outflow volumes for Bitcoin, Ethereum, and Zcash have all narrowed compared to the previous period.

As previously reported by crypto.news, these five types of products saw a total outflow of $1.29 billion in the week prior. Of this, Bitcoin accounted for $678.9 million, while Ethereum products had an outflow of $542.2 million.

According to the latest daily totals summarized from the Farside database, Tuesday was the only trading day with a net inflow. On that day, the fund attracted $194.3 million in funds, following a outflow of $155.5 million on Monday.

On Wednesday, there was an outflow of $393.4 million, which was the largest single-day outflow during this statistical period. On Thursday, another outflow of $90.1 million occurred, and on Friday, the outflow amounted to $166 million.

During these five trading days, a total of $548.5 million was withdrawn from Bitcoin and Ethereum, accounting for approximately 89.8% of the total net outflow in the Farside statistics.

According to an update released by CoinShares on October 16th, during their statistical period, there was a outflow of $434 million from global digital asset investment products. This institution covers products worldwide, and the statistical cut-off time is different from the five categories of US ETF summarized in this article.

After attributing the outflow of funds in its statistics to U.S. inflation and changes in market interest rate expectations following the release of retail sales data, CoinShares noted that this judgment is applicable only to CoinShares's own dataset; Farside's data table only provides information on fund flows and does not explain the reasons for individual transactions.

Ethereum ETF outflows reached $320.1 million

As shown in the Farside table, Ethereum funds experienced net outflows on four trading days within a week, with only one day showing net inflows. On Monday, there was an outflow of 85.4 million US dollars, which turned into an inflow of 24.8 million US dollars on Tuesday. Subsequently, on Wednesday, the largest single-day outflow of the week was recorded at 129.5 million US dollars.

On Thursday and Friday, $60.3 million and $69.7 million were respectively drained. Based on the daily data in the table, BlackRock ETHA saw a total outflow of $299 million for the week, accounting for 93.4% of the weekly net outflows in that category.

Fidelity FETH attracted $10.5 million in funds throughout the week, while the gray-scale version Ethereum Mini Trust saw a outflow of $12.4 million. The gray-scale version ETHE experienced an outflow of $18.3 million, and the EZET of Franklin Templeton had an outflow of $900,000.

As shown in the Farside table, no other Ethereum products recorded net traffic during this period.

In another development in the US Ethereum fund market, according to reports on October 15th, VanEck submitted documents on October 14th requesting to withdraw its proposed registration application for Lido Staked Ethereum ETF.

The documents submitted by the initiator to the U.S. Securities and Exchange Commission state that they 'have no intention of continuing to advance the planned issuance of these trust shares.' VanEck confirms that this registration statement has not yet taken effect, and no securities have been issued or sold based on this statement.

This file request has obtained the consent of the U.S. Securities and Exchange Commission in accordance with Rule 477 to withdraw the relevant registration statements. This matter involves a proposed issuance that has never had shares issued, and is not related to the funds that are currently in operation in the Farside weekly cash flow statement.

Bitcoin ETF saw outflows of $228.4 million, despite buying interest on Tuesday

According to Farside data, Bitcoin funds performed the strongest on Tuesday, attracting $175.7 million in capital. However, on Wednesday, $261.4 million flowed out, exceeding this inflow amount, and on Friday, another $82.4 million was withdrawn.

Calculated based on data from five trading days, BlackRock IBIT saw outflows of $165.4 million for the week. Fidelity FBTC had outflows of $60.2 million, while Morgan Stanley MSBT experienced inflows of $6.7 million. Bitwise had inflows of $2.2 million through its BITB.

Invesco had a capital outflow of $4.1 million, while the gray-scale Bitcoin Mini Trust recorded an outflow of $7.6 million.

Earlier in October, Bitcoin funds experienced a single-day outflow of $484.9 million on October 7th. A related report published on October 8th indicated that this was the largest single-day outflow since June 25th, when the outflow reached $691.7 million.

Solana Fund recorded outflows every day for the second consecutive week

From October 12th to 16th, Solana related products experienced a outflow of 25.5 million US dollars, and the Farside table shows that there was a net outflow on each trading day. In the previous week, this category had a total outflow of 25 million US dollars over five consecutive negative trading days.

Calculated on a daily basis, Bitwise's BSOL accounted for 18.8 million US dollars of outflows in the latest week. The grayscale GSOL had an outflow of 6 million US dollars on Thursday, while VSOL had an outflow of 700,000 US dollars on Monday.

On Friday, there was a outflow of $12.7 million, all of which came from BSOL, marking the largest single-day outflow for that category of the week.

According to the daily data from Farside, ZCSH products related to Zcash saw an outflow of 19.2 million US dollars. There was an inflow of 3.7 million US dollars on Wednesday, but on Thursday, there was an outflow of 14.8 million US dollars, which exceeded the previous inflow.

Hyperliquid related products saw a outflow of 17.5 million US dollars in one week. Farside data shows that BHYP had an outflow of 6.4 million US dollars, THYP had an outflow of 8.5 million US dollars, and HYPG had an outflow of 2.6 million US dollars.

On Thursday, there was a net outflow of $10.3 million for Hyperliquid, which includes a flow out of $7.1 million for THYP. Records for Farside show that these three products had zero net flow on both Tuesday and Friday.