Key Takeaways
- • Ethereum spot ETFs recorded $431 million in net outflows over the five days ending October 30, 2026, signaling weakening institutional demand.
- • A $6.3 billion Binance security breach accelerated the selloff and triggered more than $350 million in Ethereum futures liquidations, mostly long positions.
- • Ether was trading near $2,240 as of October 31, below resistance at $2,256, with $2,170 flagged as the key support level.
- • Separate U.S. spot ETF data showed $155.85 million in outflows on October 30, with BlackRock's ETHA accounting for $76.64 million.
Summary
Ethereum spot exchange-traded funds experienced $431 million in net outflows over the five trading days ending October 30, 2026, according to the primary report, reflecting weakening institutional demand as the asset struggled to hold the $2,200 level. The selloff accelerated after a $6.3 billion security breach at Binance, which triggered more than $350 million in Ethereum futures liquidations, predominantly from long positions.
Separate reporting on U.S. spot Ethereum ETFs put net outflows at $155.85 million on October 30, marking the fifth consecutive day of withdrawals. BlackRock's ETHA led with $76.64 million withdrawn, followed by Grayscale's ETH and ETHE funds. The figures indicate that outflows were broad-based across issuers rather than confined to a single product.
On price action, Ether was attempting to stabilize near $2,240 but remained below resistance at $2,256. Analysts cited in the report flagged the $2,170 level as support, with further downside possible if it fails. Pluang's platform data showed Ethereum trading at Rp40.651.232, up 0.17% as of October 31, 2026, 19:21 WIB, with a market cap of Rp4.969,68 trillion and 24-hour volume of Rp190,61 trillion. Order activity leaned slightly toward selling at 57%.
The broader market backdrop included spillover from the Binance incident. Aave froze its v3 and v4 markets after Binance hot wallets moved large amounts of ETH and ERC-20 tokens to an exploiter address, and reports cited the theft of more than 195,000 ETH. The Binance breach also coincided with a broader crypto selloff, with XRP trading volume surging while its price fell, and reports indicating roughly $130 billion in market value was wiped out across the sector.
Separate reporting on U.S. spot Ethereum ETFs put net outflows at $155.85 million on October 30, marking the fifth consecutive day of withdrawals. BlackRock's ETHA led with $76.64 million withdrawn, followed by Grayscale's ETH and ETHE funds. The figures indicate that outflows were broad-based across issuers rather than confined to a single product.
On price action, Ether was attempting to stabilize near $2,240 but remained below resistance at $2,256. Analysts cited in the report flagged the $2,170 level as support, with further downside possible if it fails. Pluang's platform data showed Ethereum trading at Rp40.651.232, up 0.17% as of October 31, 2026, 19:21 WIB, with a market cap of Rp4.969,68 trillion and 24-hour volume of Rp190,61 trillion. Order activity leaned slightly toward selling at 57%.
The broader market backdrop included spillover from the Binance incident. Aave froze its v3 and v4 markets after Binance hot wallets moved large amounts of ETH and ERC-20 tokens to an exploiter address, and reports cited the theft of more than 195,000 ETH. The Binance breach also coincided with a broader crypto selloff, with XRP trading volume surging while its price fell, and reports indicating roughly $130 billion in market value was wiped out across the sector.
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