Record $1.61 Billion Left Ether ETFs in October

A record $1.61 billion left US spot Ethereum exchange-traded funds in October, marking the largest monthly outflow since their July 2024 inception.

The exodus snapped a three-month streak of inflows and came alongside a 16.1% decline in the ether price, its worst October performance since 2016, according to CryptoRank.

Ether Inflow Streak Snapped by Five Weeks of Outflows

The October figure surpassed the prior high of $1.42 billion recorded in November 2025.

SoSoValue data indicates that every week ending in October saw withdrawals. The largest single week ended on October 9, with $542 million exiting the funds.

Prior to October, the ETFs had pulled in $3.05 billion between July and September. Net assets dropped to $13.22 billion over the month, a decline from $17.60 billion. Cumulative net inflows retreated to $12.29 billion.

Solana-focused ETFs also set a record. US spot Solana (SOL) funds saw $143.7 million leave in October, the steepest monthly outflow since their October 2025 launch. The only other net outflow month was June, which saw $786,577 withdrawn.

Coinbase Ethereum Premium Dropped to an Eight-Month Low

Showing soft US demand on spot exchanges, the Coinbase Premium Index slid to roughly -0.21 on October 29, the weakest level since February.

The index has since climbed back toward -0.13 but is still negative. ETH was trading at $2,293.80, 1.26% higher over the prior day, according to BeInCrypto Markets, and up 1.39% in November so far, per CryptoRank.

Ethereum Price Hovers Below a Key Analyst Threshold

The current price puts ETH beneath a level highlighted by analysts in the previous week. More Crypto Online cited $2,295 as the threshold; a break below it would trigger a further decline.

The analyst identified support running between $2,207 and $1,725. Ether is now trading just below the $2,295 trigger.

Ted Pillows sees a reclaim of the $2,400 level as the initial significant signal of strength. More Crypto Online maintains a bearish outlook as long as ether remains under $2,522.

CryptoRank’s November numbers offer a mixed signal. The median return for the month is -1.90%, while the average sits at +4.04%.

Whether US demand bounces back following October's record withdrawals will be revealed by early November ETF flows and the Coinbase premium data.