Crypto: Investors Flee Ethereum ETFs in October

Ethereum ended October 2026 with a 16.06% decline, while US spot ETH crypto ETFs recorded $1.61 billion in net outflows. A monthly record since their launch in July 2024. The market’s second cryptocurrency thus closes three consecutive months of gains, with a price back around $2,250. BlackRock accounts for most of the withdrawals. October was expected to extend Ethereum’s rebound. The previous month, the ETH crypto had gained 8.79%, after an increase of 32.60% in August and 18.52% in July. The turnaround was swift. From the start of the month, Ethereum ETFs were already showing signs of weakness . Capital outflows then accelerated, accompanying the price decline. Ethereum had nevertheless started October approaching $2,800. The resistance held. In a few sessions, the crypto fell back to around $2,400.

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