$1.6072 Billion Exits U.S. Ether Funds in October
Key Facts
U.S.-listed Ether funds recorded net outflows of $1.6072 billion over the 22 trading sessions between Oct. 1 and 30, 2026, according to KriptoMeta’s calculation based on Farside’s table. The total came from 19 days of net outflows, compared with just three days of inflows. Withdrawals therefore prevailed in most sessions, and the funds ended the month with a negative net total. The figure measures the difference between money flowing in and out; it is not equal to the change in total assets or to investors’ realized losses. Flow data also does not reveal investors’ identities, their reasons for trading or which assets they may have moved their money into.
Most of the withdrawals were concentrated in BlackRock’s ETHA fund, which recorded $1.4205 billion in outflows in October, according to KriptoMeta’s calculation from Farside data. In contrast, Fidelity’s FETH attracted $36 million in inflows, while MSSE received $3.7 million. Two products thus ended the month with positive flows, while nine products recorded outflows. The figures show the differing movement of money across funds, although the overall net total remained negative. In the Oct. 30 session alone, $76.6 million flowed out of ETHA, $3.3 million out of FETH and $0.7 million out of MSSE, according to the daily breakdown KriptoMeta cited from Farside.
Outflows intensified at the end of the month, reaching a net $431.4 million over the five sessions from Oct. 26 to 30. The Oct. 30 session alone saw net outflows of $155.7 million, higher than each of the other daily figures the source reported for those sessions. The three days with inflows were Oct. 13, 21 and 23, at $24.8 million, $14.9 million and $4.4 million, respectively. Positive flows did not persist between the final two sessions: the Oct. 22 session recorded net outflows of $110.6 million, between positive flows on Oct. 21 and 23. This movement shows the volatility in daily totals during the month, while October’s net flows remained negative.
The funds had previously recorded a consecutive wave of outflows that began on Sept. 29 and totaled $697.2 million over nine straight trading days through The Block report published on Oct. 10. In the week ended Oct. 9, outflows reached $542.1 million, which the report described as the worst weekly total since January. Those figures came as outflows had extended to six consecutive sessions through Oct. 6, with redemptions of $202 million in that day’s session, according to an Investing.com report published on Oct. 7. The report also said that Ether’s price had fallen 5.5% over 24 hours to $2,562 at 10:32 a.m. Eastern time that day, after touching $2,553.64 during the session. It also noted that the price had risen 48% from the Aug. 14 close to a peak of $2,777.33 on Oct. 2, and that the funds had attracted $690 million in a week near the end of September before flows reversed.
On the regulatory front, the U.S. Securities and Exchange Commission issued an interpretation on March 17, 2026, clarifying how federal securities laws apply to certain crypto assets, with the Commodity Futures Trading Commission joining in providing guidance on the application of the Commodity Exchange Act. The official interpretive document lists Ether among examples of “digital commodities.” At the network level, the Glamsterdam upgrade aims to expand layer-one capacity by separating some block-building tasks and adding data structures that pave the way for parallel transaction processing, according to Ethereum’s official roadmap. But on Oct. 22, the Ethereum Foundation postponed activating the upgrade on the Hoodi test network, which had been scheduled for Oct. 26, to allow further investigation into how proposal EIP-8037 interacts with smart contracts on the mainnet. The foundation said the announcement applied to Hoodi alone and did not set an alternative activation date for that network or a date for activating the upgrade on the mainnet.