# Ethereum ETFs shed $118M in three sessions Author: Hatice Ertaş Language: English Published: 2026-10-03T18:31:35+03:00 Updated: 2026-10-03T18:31:35+03:00 ![Businesspeople walking across a stone hall with an Ethereum emblem](https://kriptometa.com/uploads/ethereum-etf-lerinden-uc-gunde-milyon-dolar-cikti-9e4c1f652db8_article.webp) ## Key takeaways - Net outflows on September 29, September 30 and October 1 totalled $117.8 million. - Fidelity’s FETH fund accounted for $56.8 million of the three-day total. - FETH posted another $17.3 million outflow for October 2; BlackRock’s entries were still missing. Strong inflows in the preceding week gave way to withdrawals. Fidelity led the three-day outflows, while missing figures for the latest session prevented a final reading of the week. U.S. spot Ethereum ETFs recorded $117.8 million in net outflows over the three trading sessions from September 29 to October 1. Our review of [Farside Investors’ fund-by-fund data](https://farside.co.uk/eth/) shows demand reversing after strong inflows in the preceding week. Nearly half of the three-day withdrawal total came from a single product, Fidelity’s FETH. The run began with a modest $2.8 million outflow on September 29, followed by two sessions with withdrawals above $50 million. ## Fidelity accounts for nearly half the outflows September 29–October 1, 2026: U.S. spot Ethereum ETF flows | Trading session | Total net outflow | |---|---| | September 29, 2026 | $2.8 million | | September 30, 2026 | $59.6 million | | October 1, 2026 | $55.4 million | FETH lost a net $56.8 million over the three sessions, or roughly 48% of the total. Grayscale’s ETHE saw $27.9 million in net outflows over the same period. The funds did not all move in the same direction: Grayscale’s lower-cost ETH product took in $12.8 million on September 29, offsetting much of that day’s withdrawals elsewhere. The preceding week looked markedly different. All five sessions from September 21 to 25 were positive, bringing in a combined $689.8 million. Another $17.1 million arrived on September 28. The subsequent three-day retreat did not erase those inflows in full, but it ended the sequence of positive sessions. ## October 2 figures still have gaps In a post dated October 3, Farside reported a further $17.3 million outflow from FETH for the October 2 session. BlackRock’s ETHA and ETHB columns were still blank in the table we checked. The displayed negative $17.3 million therefore should not be treated as a final daily total covering every fund. [Farside’s report of a $17.3 million FETH outflow](https://x.com/FarsideUK/status/2106180913553932798) **Net outflows are not the same as a fall in fund value.** ETF flows track amounts associated with net share creations and redemptions. Assets under management can also change with the ETH price. Our [guide to flows, assets and volume using Bitcoin ETFs](https://kriptometa.com/en/how-to-read-bitcoin-etf-flows) explains why these measures are not interchangeable. At 15:09 UTC on October 3, [CoinGecko](https://www.coingecko.com/en/coins/ethereum) showed the [Ethereum price](https://kriptometa.com/en/markets/ethereum) near $2,680. That quote and the preceding sessions’ ETF figures refer to different observation periods; the data is not enough to attribute the price move solely to fund withdrawals. ETFs capture the part of ETH demand visible through exchange-traded funds. Our [Ethereum analysis](https://kriptometa.com/en/ethereum-outlook-analysis) also examines network activity, fee burning and staking as distinct sources of longer-term demand. Among the next [Ethereum developments](https://kriptometa.com/en/news/ethereum) to watch is the completion of the October 2 flow table across all funds.