$1.607 Billion Exits U.S. Ethereum Funds in October
Key Facts
U.S.-listed Ethereum funds recorded net outflows of about $1.607 billion in October 2026, based on a tally of daily session data published by Farside Investors. The total came in a month when ether fell about 16.5%, according to the open returns table at ChartRow. Of the 22 trading sessions during the month, 19 saw net outflows and only three recorded net inflows, according to Farside data compiled by KriptoMeta. The figures show that withdrawals from the funds were broad throughout the month, with most of the outflows concentrated in one product. The flow data do not identify investors or their motives, nor do they alone establish that fund activity caused ether’s decline.
BlackRock’s ETHA accounted for most of the monthly net outflows, recording $1.4205 billion in withdrawals in October, according to KriptoMeta’s analysis of Farside data. That means the fund made up the largest share of the U.S. funds’ combined negative total for the month. By contrast, Fidelity’s FETH attracted net inflows of $36 million. The other nine funds recorded monthly outflows, the same source said. The divergence shows that flows did not move in the same direction across all products, despite outflows dominating the overall net total.
Outflows also concentrated at the end of the month, totaling $431.4 million across sessions from October 26 to 30, according to Farside data cited by KriptoMeta. The October 30 session recorded net outflows of $155.7 million, the largest daily outflow cited in the final week’s tally. Net inflows were recorded only on October 13, 21 and 23. Those sessions drew inflows of $24.8 million, $14.9 million and $4.4 million, respectively, according to Farside’s table. Positive flows therefore remained limited compared with the monthly outflow total and did not reverse the overall trend.
Flows had moved in the opposite direction in the two previous months: U.S. spot ether funds attracted $832.43 million in September 2026, after inflows of $1.85 billion in August, according to The Block’s analysis of SoSoValue data. October’s outflows followed those two months of positive flows, marking a shift in net fund activity. The Block also reported that spot ether funds lost $542.1 million in the week ended October 9, calling it the worst week since January. The figures place the first week of the month in a broader context of outflows, followed by net withdrawals in most sessions through the end of October. These comparisons describe fund flows and do not by themselves identify the reasons for market moves.
Net flows measure the difference between money entering a fund and money leaving it, according to KriptoMeta. The flow total therefore does not equal the change in the total value of assets, nor does it by itself measure investors’ realized losses. On price performance, a quarterly report for the iShares Ethereum Trust filed with the U.S. Securities and Exchange Commission showed ether fell 24.21% in the second quarter of 2026, from $2,101.84 on March 31 to $1,593.01 on June 30. In an earlier regulatory development, the SEC said joint interpretive guidance with the Commodity Futures Trading Commission on March 17, 2026, explicitly classified ether as a “digital commodity.” On the roadmap, the Ethereum Foundation says the Glamsterdam upgrade focuses on scaling layer one by separating block building and validation tasks and enabling parallel transaction processing, while listing Hegotá as the next upgrade in 2027.