Ether ETFs bleed for nine straight days, losing $697 million, and Solana funds' record 14-week run is over

Money has left US spot ether ETFs for nine trading days in a row. The funds lost about $697 million between September 29 and Friday, The Block reported on Saturday, citing SoSoValue data. Daily figures from Farside Investors show the same streak.

Last week was the heaviest part of it. Ether funds shed about $542 million over five sessions, their worst week since January. Almost nine-tenths of that came out of one fund: BlackRock's ETHA lost about $477 million and had outflows every day. Tuesday's $201.9 million, all of it from ETHA, was the heaviest single day. It was also the day a 1-for-3 reverse split of ETHA's shares took effect, The Block noted.

Solana funds had a smaller but notable reversal. They lost about $25 million in the week, their biggest weekly outflow since they launched in late October 2025, and it ended a record run of 14 straight weeks of inflows. Two weeks earlier they had taken in a record $188 million.

Together with bitcoin funds, which lost $681 million over the week despite a small inflow on Friday, the three groups gave up about $1.25 billion. The ether streak is not a record. The funds lost about $900 million over 17 trading days in May and June.

Ether traded near $2,506 on Saturday morning, according to The Block.

What to watch: Monday's flow figures, and whether redemptions from ETHA slow.