BlackRock accounts for $223.9M of $259.5M in Ethereum ETF outflows
- —ETH ETFs saw outflows of $129.5M on Oct 14, $60.3M on Oct 15 and $69.7M on Oct 16
- —BlackRock's ETHA lost $223.9M, about 86% of the three-day total
- —Roughly $320.1M left Ethereum ETFs over the week of Oct 12–16
- —Cumulative net inflows into US ETH ETFs remain near $13B
Why it matters: Sustained ETF redemptions weaken institutional demand and raise the risk of ETH losing its $2,400 support.
Source: Coinpaper