October was Ethereum ETFs’ worst month since launch — $1.61 billion flowed out in a single month.
The facts: U.S. spot ETH ETFs recorded net outflows of $1.61 billion throughout October (SoSoValue data, reported by BeInCrypto on Nov. 2 and CryptoPotato on Nov. 1) — the largest since their launch in July 2024, surpassing the previous record of $1.42 billion in November 2025. There were only three sessions with inflows that month (Oct. 13, 21, and 23). Cumulative inflows fell from $13.89 billion to $12.29 billion, while total net assets shrank from $17.60 billion to $13.22 billion. ETH itself fell 16.06% in October — its weakest October since 2016. SOL ETFs also set a monthly record: $143.7 million flowed out, the most since their debut in October 2025.
My take: This wasn’t a one-day panic — outflows occurred for five consecutive weeks, so this was a broad weakening in institutional demand throughout the month, not just a reaction to the Oct. 29 hack. But outflows aren’t a verdict either: ETH has already bounced from a low of $2,150 on Oct. 30 to around $2,283 today, so the spot market hasn’t fallen as hard as the ETF flows might suggest. My read: institutions are holding back, not rushing for the exits all at once.
What I’m watching: whether ETF flows stop or continue this week, the Coinbase premium that’s still negative, and whether ETH holds above $2,250 during this U.S. election week.
What do you think: is this month’s record outflow a sign that institutions have given up on ETH, or is the market clearing a bottom before flows return?
This is my analysis, not financial advice — always DYOR.
#Ethereum #ETF $ETH $SOL
The facts: U.S. spot ETH ETFs recorded net outflows of $1.61 billion throughout October (SoSoValue data, reported by BeInCrypto on Nov. 2 and CryptoPotato on Nov. 1) — the largest since their launch in July 2024, surpassing the previous record of $1.42 billion in November 2025. There were only three sessions with inflows that month (Oct. 13, 21, and 23). Cumulative inflows fell from $13.89 billion to $12.29 billion, while total net assets shrank from $17.60 billion to $13.22 billion. ETH itself fell 16.06% in October — its weakest October since 2016. SOL ETFs also set a monthly record: $143.7 million flowed out, the most since their debut in October 2025.
My take: This wasn’t a one-day panic — outflows occurred for five consecutive weeks, so this was a broad weakening in institutional demand throughout the month, not just a reaction to the Oct. 29 hack. But outflows aren’t a verdict either: ETH has already bounced from a low of $2,150 on Oct. 30 to around $2,283 today, so the spot market hasn’t fallen as hard as the ETF flows might suggest. My read: institutions are holding back, not rushing for the exits all at once.
What I’m watching: whether ETF flows stop or continue this week, the Coinbase premium that’s still negative, and whether ETH holds above $2,250 during this U.S. election week.
What do you think: is this month’s record outflow a sign that institutions have given up on ETH, or is the market clearing a bottom before flows return?
This is my analysis, not financial advice — always DYOR.
#Ethereum #ETF $ETH $SOL