Ether ETF Outflows Top $1.08B in October, Marking 2026’s Largest Monthly Exit
What happened: US spot Ether ETFs have shed $1.
What happened: US spot Ether ETFs have shed $1.08 billion in October through the 21st, erasing September’s $832 million net inflows and reducing year-to-date net inflows to approximately $485 million. BlackRock’s ETHA ETF led with $477.1 million withdrawn last week alone, accounting for 88% of the sector’s weekly outflows. Ether’s price has dropped 9.7% this month, now trading at $2,438, down 18% year-to-date. Meanwhile, Bitcoin ETFs saw $527 million in inflows on Monday, despite modest outflows earlier in the month.
Why it matters: The divergence between Ether and Bitcoin ETF flows suggests a targeted rotation out of ETH, not a broad risk-off move across crypto. Persistent Ether outflows—now at a record pace—raise questions about institutional confidence in Ethereum’s near-term prospects, especially as Bitcoin continues to attract new capital. This dynamic could impact ETH’s market positioning and the broader DeFi ecosystem reliant on its stability.
Source: Cointelegraph, crypto.news