ETH ETFs just logged their longest outflow streak ever while ETH closed October down 16%
US spot Ethereum ETFs sold out of ETH for 23 trading days in a row. October is now closed. Was that the capitulation, or is the ETF bid simply gone for now?
What is new (Glassnode data via Crypto Briefing):
- 23 consecutive trading days of net outflows through Oct 30, the longest streak since the funds launched in July 2024.
- October outflows topped 1 billion USD, the biggest monthly drain of 2026. Farside's tally puts the month at about 1.61 billion USD.
- Oct 30 alone: 155.8 million USD out, and BlackRock's ETHA was 76.6 million USD of it, about half the day.
- September was the opposite: about 832 million USD of inflows.
- Bigger picture: cumulative net inflows since launch are still about 12.29 billion USD, with about 13.22 billion USD in net assets.
Note: trackers do not fully agree on the streak. Farside shows a few small inflow days in October, so treat "23 straight" as Glassnode's count.
The tape (Binance spot, 02:08 UTC Nov 1):
- $ETH October candle: 2,686 open, 2,256 close, about -16%. Low 2,174 on Oct 30.
- ETH/BTC October: 0.03212 to 0.02908, about -9.5%. Now 0.02919.
- $ETH now 2,269 (+1.1% 24h), about 4% above the October low.
- $BTC 77,778 (+0.5% 24h).
- Hyperliquid ETH funding is at the baseline rate, open interest about 977K ETH. No crowded side.
My take: the ETF wrapper crowd has been the marginal seller all month, while the crowd that holds ETH on-chain kept staking (Crypto Briefing says staking set records in the same window). ETH lost ground to BTC too, so this was not just a market-wide dip. The first green ETF day in November would tell us more than any chart line. Until then, 2,174 is the level I care about.
I am watching TradeAssi whale alerts to see if big Hyperliquid wallets start buying where ETF holders keep selling.
Does the ETF streak break first, or the October low?
Source: https://tradeassi.com/en/news/9d19ea42-91df-4329-868a-a5b6cb2a5744
Not financial advice. DYOR.
US spot Ethereum ETFs sold out of ETH for 23 trading days in a row. October is now closed. Was that the capitulation, or is the ETF bid simply gone for now?
What is new (Glassnode data via Crypto Briefing):
- 23 consecutive trading days of net outflows through Oct 30, the longest streak since the funds launched in July 2024.
- October outflows topped 1 billion USD, the biggest monthly drain of 2026. Farside's tally puts the month at about 1.61 billion USD.
- Oct 30 alone: 155.8 million USD out, and BlackRock's ETHA was 76.6 million USD of it, about half the day.
- September was the opposite: about 832 million USD of inflows.
- Bigger picture: cumulative net inflows since launch are still about 12.29 billion USD, with about 13.22 billion USD in net assets.
Note: trackers do not fully agree on the streak. Farside shows a few small inflow days in October, so treat "23 straight" as Glassnode's count.
The tape (Binance spot, 02:08 UTC Nov 1):
- $ETH October candle: 2,686 open, 2,256 close, about -16%. Low 2,174 on Oct 30.
- ETH/BTC October: 0.03212 to 0.02908, about -9.5%. Now 0.02919.
- $ETH now 2,269 (+1.1% 24h), about 4% above the October low.
- $BTC 77,778 (+0.5% 24h).
- Hyperliquid ETH funding is at the baseline rate, open interest about 977K ETH. No crowded side.
My take: the ETF wrapper crowd has been the marginal seller all month, while the crowd that holds ETH on-chain kept staking (Crypto Briefing says staking set records in the same window). ETH lost ground to BTC too, so this was not just a market-wide dip. The first green ETF day in November would tell us more than any chart line. Until then, 2,174 is the level I care about.
I am watching TradeAssi whale alerts to see if big Hyperliquid wallets start buying where ETF holders keep selling.
Does the ETF streak break first, or the October low?
Source: https://tradeassi.com/en/news/9d19ea42-91df-4329-868a-a5b6cb2a5744
Not financial advice. DYOR.
