U.S. spot crypto exchange-traded products recorded about $70.7 million in combined net outflows during the Sep. 14–18 trading week. Ether funds were the main source of the losses, while Bitcoin, Solana and Hyperliquid products ended the week with positive or nearly flat flows.
Bitcoin ETFs finished the week with a small $6.1 million net inflow after attracting a strong $433 million on Friday. Ether ETFs recorded about $140.6 million in net outflows despite bringing in $143.7 million on Friday.
Solana ETFs added $60.7 million during the week, with Bitwise’s BSOL accounting for most of the inflows. Hyperliquid ETFs also ended positive, gaining $3.1 million.
The weekly flows came during a volatile period for crypto markets. The Federal Reserve raised interest rates by 25 basis points, while Bitcoin later recovered and moved back above $80,000.
Bitcoin ETFs started the week with a $159.9 million inflow on Monday. They then lost $450.4 million on Tuesday and another $295.9 million on Wednesday. The funds recovered with $159.5 million on Thursday before Friday brought in $433 million, the largest inflow of the week.
BlackRock’s IBIT led the weekly inflows with $120.6 million. Fidelity’s FBTC followed with $79.9 million and recorded $310.7 million of inflows on Friday alone.
Morgan Stanley’s MSBT added $13.2 million, while Franklin Templeton’s EZBC received $4.6 million. These gains were partly offset by $141.9 million in outflows from ARK 21Shares’ ARKB and $62.3 million from Grayscale’s GBTC.
Bitwise’s BITB lost $2.7 million, while VanEck’s HODL recorded $5.3 million in withdrawals.
The strong Friday inflow came as Bitcoin climbed back above $80,000. The cryptocurrency had faced pressure earlier in the week following the Federal Reserve’s 25-basis-point rate increase to 3.75%-4.00%.
Ether ETFs had a much weaker week. The group recorded about $140.6 million in net outflows, making Ether the weakest performer among the four crypto ETF categories.
Ether funds brought in $121.1 million on Monday but then lost $142 million on Tuesday, $224.1 million on Wednesday and $39.3 million on Thursday. Friday’s $143.7 million inflow reduced the losses but was not enough to erase them.
BlackRock’s ETHA recorded a $56.1 million weekly outflow even after receiving $114.3 million on Friday. Fidelity’s FETH lost $25.9 million, while Bitwise’s ETHW saw $33.1 million in withdrawals.
Grayscale’s ETHE recorded $31.4 million in outflows. VanEck’s ETHV lost $10.3 million, 21Shares’ TETH shed $1.9 million, and Invesco’s QETH recorded a $5.4 million outflow.
Some Ether products moved against the broader trend. BlackRock’s ETHB received $7 million, while Grayscale’s lower-fee ETH fund brought in $16.2 million.
Solana ETFs had a stronger week, recording $60.7 million in net inflows. The funds attracted $11 million on Monday, $1.3 million on Tuesday and $800,000 on Wednesday. Thursday saw no net movement, while Friday brought in $47.6 million.
Bitwise’s BSOL accounted for $58.7 million of the weekly total. Grayscale’s GSOL added $2 million.
Friday’s $47.6 million inflow went entirely to BSOL, giving the fund almost 97% of Solana ETFs’ weekly net inflows.
Hyperliquid ETFs also finished the week in positive territory, with $3.1 million in net inflows.
The category had no movement on Monday before Bitwise’s BHYP recorded a $3.9 million outflow on Tuesday. Flows then turned positive. 21Shares’ HYPG received $1.7 million on Wednesday, while Thursday brought $1.9 million into BHYP and $2.4 million into 21Shares’ THYP. BHYP added another $1 million on Friday.
Overall, the weekly data shows a clear difference between the major crypto funds. Bitcoin ETFs ended almost flat after recovering from heavy midweek withdrawals, while Ether ETFs remained in net outflows. Solana and Hyperliquid products both attracted fresh money.
Across all four categories, investors withdrew about $70.7 million on a net basis for the week, with Ether’s $140.6 million outflow more than offsetting the combined inflows into Bitcoin, Solana and Hyperliquid products.
