Spot Ethereum Funds Lose $88.6 Million as $104.7 Million Leaves ETHA
Key Facts
U.S.-listed spot Ethereum funds recorded net outflows of $88.6 million on October 26, 2026, with withdrawals concentrated in BlackRock’s ETHA, according to Farside Investors’ table. ETHA alone saw outflows of $104.7 million, while Fidelity’s FETH attracted inflows of $16.1 million. Inflows to FETH softened the impact of the larger withdrawal but did not offset it, leaving the funds with negative net flows for the session. Data from nearby sessions show that money flows did not follow a single direction during October. The session came after modest inflows on October 23 and between two days that recorded opposing trends.
On October 23, the funds recorded net inflows of $4.4 million, following net outflows of $110.6 million on October 22. The October 22 outflows included $75.5 million from ETHA and $17.2 million from ETHB, according to Farside’s table. On October 21, net inflows totaled $14.9 million, despite $29.3 million leaving ETHA. The comparison shows that the session’s net total is affected by flows into other funds even when one large product faces withdrawals. Earlier sessions were therefore not all positive, and the October 26 tally reflects divergence within the funds themselves.
The October 26 figures follow $690 million in inflows absorbed by spot Ether funds over a week in late September, according to Investing.com. On October 6, the funds recorded outflows of $202 million, with Investing.com attributing the entire amount to the group’s largest product. By October 7, Ether had fallen 5.5% over 24 hours, while the funds had recorded six consecutive sessions of net outflows through that day. These milestones place late-October flows within a month that saw a shift between money coming in and going out. They also highlight the concentration of some waves of withdrawals in the largest product, without implying that every negative session had the same distribution.
In the market, Ethereum closed at $2,324.55 on October 26, down from the October 23 close of $2,387.6, according to EL7 data. BlackRock shares closed at $1,127.66 on October 26. Ether’s price decline between the two closes coincided with a return to negative net flows in the October 26 session. But the data presented here do not attribute the price move to fund flows or establish a causal relationship between them. Flow figures and closing prices remain separate indicators for tracking the asset market and related products.
The mechanism for creating and redeeming shares in these products traces back to a regulatory change approved by the U.S. Securities and Exchange Commission on July 29, 2025, when it allowed in-kind creation and redemption of crypto exchange-traded product shares through authorized participants. Before that, spot Ether products were limited to cash creation and redemption. The SEC’s director of the Division of Trading and Markets said the in-kind mechanism “provides flexibility and reduces costs for product issuers, authorized participants and investors.” The decision concerns how shares are created and redeemed, while flow tables record daily money moving into and out of the funds. This background provides context on the products’ structure, while each session’s figures show the direction of its net flows.
The next events to watch are the Federal Open Market Committee meeting scheduled for October 27 and 28, 2026, with a press conference on October 28, according to the Federal Reserve calendar. On October 29, the U.S. Bureau of Economic Analysis is scheduled to release its September personal income and outlays report at 8:30 a.m. The Personal Consumption Expenditures Price Index is released monthly as part of the report and measures changes in the prices of goods and services purchased by consumers in the United States. The bureau’s schedule did not specify that the October 29 release is for the core index in particular. The meeting and report dates follow the negative-flow session, putting them among the market’s next upcoming events.