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CryptoMediumUpdated•Originally published 17 October 2026•Updated 17 October 2026•
1 min read

Ethereum ETFs See $260M Outflows as Whale Move Signals Selling Pressure

Key Facts

1An Ethereum whale moved $57.88 million worth of ETH as exchange outflows intensified.
2Ethereum ETFs led by BlackRock saw $259.5 million in outflows over a three-day period.

Ethereum spot ETFs, led by BlackRock, recorded $259.5 million in outflows over a three-day period. AMBCrypto reported that an Ethereum whale moved $57.88 million worth of ETH as exchange outflows intensified, putting significant pressure on the asset as it tests the $2,400 support level.

These large-scale institutional movements occur alongside a broader trend of increasing withdrawals from trading platforms. According to analyst assessments, the sustained outflows from spot ETFs reflect a lack of immediate market confidence among major holders, even as bulls attempt to defend key psychological price floors.

Latest Updates · 1

  1. Notable·

    Update: BlackRock's ETHA fund alone recorded $69.7 million in outflows on October 16, 2026. Additionally, an institutional wallet on the Coinbase platform was identified as the source of the 23,528 ETH transfer, clarifying the nature of recent institutional movements.