Key Takeaways
- • US spot Ethereum ETFs lost $1.61 billion in October, their largest monthly outflow since launching in July 2024 and exceeding the prior record of $1.42 billion set in November 2025, according to BeInCrypto citing SoSoValue data.
- • The outflows ended a three-month inflow run that had brought in a combined $3.05 billion from July through September, with outflows recorded in all five weeks ending in October.
- • Total net assets of Ethereum ETFs fell to $13.22 billion from $17.60 billion during October, while cumulative net inflows slipped to $12.29 billion.
- • ETH dropped 16.1% in October, its weakest October since 2016 per CryptoRank, and the Coinbase Premium Index hit about -0.21 on October 29, its lowest reading since February.
- • US spot Solana ETFs recorded their largest monthly outflow since their October 2025 debut, losing $143.7 million in October.
Summary
US spot Ethereum exchange-traded funds lost $1.61 billion in October, according to BeInCrypto, marking their largest monthly outflow since launching in July 2024. The exits ended a three-month inflow run and coincided with a 16.1% decline in ETH, which CryptoRank data shows as the weakest October for the asset since 2016. October's total surpassed the previous record of $1.42 billion set in November 2025.
Weekly data from SoSoValue showed outflows in all five weeks ending during October. The heaviest week closed on October 9, when $542 million left the funds. Before October, the products had drawn a combined $3.05 billion from July through September. Total net assets fell to $13.22 billion from $17.60 billion over the month, and cumulative net inflows slipped to $12.29 billion.
Spot demand on exchanges also weakened. The Coinbase Premium Index fell to about -0.21 on October 29, its lowest reading since February, and has since recovered toward -0.13 but remains below zero. ETH was trading at $2,293.80 as of the report, up 1.26% over 24 hours, and had gained 1.39% so far in November per CryptoRank.
Solana ETFs also saw record pressure. US spot Solana funds lost $143.7 million in October, their largest monthly outflow since their debut in October 2025. Their only other monthly outflow came in June, at $786,577.
Technical commentary cited by BeInCrypto flagged $2,295 as a trigger for further downside, with support placed between $2,207 and $1,725 according to More Crypto Online. Analyst Ted Pillows identified reclaiming $2,400 as the first major sign of strength. CryptoRank data shows ETH's median November return is -1.90%, though its average is +4.04%. Early November ETF flows and the Coinbase premium will indicate whether US demand returns.
Weekly data from SoSoValue showed outflows in all five weeks ending during October. The heaviest week closed on October 9, when $542 million left the funds. Before October, the products had drawn a combined $3.05 billion from July through September. Total net assets fell to $13.22 billion from $17.60 billion over the month, and cumulative net inflows slipped to $12.29 billion.
Spot demand on exchanges also weakened. The Coinbase Premium Index fell to about -0.21 on October 29, its lowest reading since February, and has since recovered toward -0.13 but remains below zero. ETH was trading at $2,293.80 as of the report, up 1.26% over 24 hours, and had gained 1.39% so far in November per CryptoRank.
Solana ETFs also saw record pressure. US spot Solana funds lost $143.7 million in October, their largest monthly outflow since their debut in October 2025. Their only other monthly outflow came in June, at $786,577.
Technical commentary cited by BeInCrypto flagged $2,295 as a trigger for further downside, with support placed between $2,207 and $1,725 according to More Crypto Online. Analyst Ted Pillows identified reclaiming $2,400 as the first major sign of strength. CryptoRank data shows ETH's median November return is -1.90%, though its average is +4.04%. Early November ETF flows and the Coinbase premium will indicate whether US demand returns.
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