Ethereum declined 16% in October amid record ETF outflows of $1.6 billion, with cumulative net inflows dropping from $13.89B to $12.29B.
Macro & Markets ·
Ethereum declined over 16% during October as exchange-traded fund outflows exceeded $1.6 billion, marking a record monthly exodus. The price initially rallied early in the month but encountered resistance near $2,800 before retreating to a two-month low of $2,150 by month-end.
The outflows reduced cumulative net inflows for Ethereum ETFs from $13.89 billion at the close of September to $12.29 billion in October. This represents the largest monthly net outflow since the ETFs began operations, signaling a reversal in investor positioning over the period.
The drivers behind the sustained selling pressure remain incompletely documented in available reporting. Whether outflows were concentrated among specific investor cohorts, correlated with broader macro sentiment, or tied to protocol-specific developments is not yet established from the available data.