Ether ETF outflows reach nine days as Solana streak ends

U.S. spot Ether ETFs lost $542.1 million last week, extending net outflows to nine consecutive trading days, while spot Solana ETFs posted their first weekly loss in 14 weeks. The figures show a sharp reversal in reported fund flows across both asset groups. The Block’s report, based on SoSoValue data, put Ether’s nine-day net outflow at $697.2 million, beginning Sept. 29, and Solana’s weekly net outflow at $24.8 million.

How much of Ether’s outflow came from ETHA?

BlackRock’s iShares Ethereum Trust (ETHA) accounted for $477 million, about 88% of the Ether ETF category’s weekly net outflow. Grayscale’s ETHE ranked second, with $31.9 million in outflows. Across the nine-day run, ETHA accounted for $506.1 million of the $697.2 million category total.

Tuesday was the largest single outflow day for Ether funds: $201.9 million, all from ETHA. It was the fund’s largest one-day outflow since Jan. 21 and coincided with the effective date of its 1-for-3 reverse share split. The flow data establish that these events occurred on the same day; they do not establish that the split caused the redemptions.

ETHA recorded net outflows in all five sessions last week. Its $477 million weekly loss was its largest since mid-December 2025 and its third-largest since launch in July 2024. Ether ETFs as a group lost 10% of net assets over the week, ending at $15.71 billion. They still had $13.26 billion in cumulative net inflows since launch and $931.8 million in net inflows for 2026.

What ended Solana ETFs’ 14-week run?

Solana ETFs recorded net outflows in all five trading sessions last week, producing a $24.8 million weekly loss and ending a 14-week streak of weekly inflows. The loss was the largest since the products launched in late October 2025, and roughly three times the previous weekly outflow record of $8.9 million.

Bitwise’s BSOL, the largest Solana fund by net assets, lost $20.9 million, or about 84% of the category’s outflows. Morgan Stanley’s MSOL and Invesco’s QSOL were the only Solana funds to finish the week with net inflows, together adding $2 million. Solana ETF net assets fell from $1.90 billion to $1.73 billion.

What do the flow figures show?

Net flows measure the balance between money entering and leaving the tracked funds. They describe activity in the ETF products; by themselves, they do not show which investors traded, why they acted, or whether those flows caused a move in Ether or SOL’s market price.

The Ether streak began Sept. 29, following a $17.1 million net inflow on Sept. 28. Nine consecutive trading days ties a June 17–30 run as the third-longest in the funds’ history, according to The Block. The record remains a 17-day outflow streak from May 11 to June 3, which withdrew about $900.1 million.

Sources and documents

• The Block’s report, based on SoSoValue data — theblock.co