Ethereum Holds Near $2,320 as ETF Outflows and Glamsterdam Delay Pressure ETH

Ethereum is trading near $2,320 as investors weigh persistent ETF outflows, uncertainty around US interest rates and a delay to the network’s next major upgrade. ETH remains under pressure after a weak October, with institutional flows turning negative and traders waiting for the Federal Reserve’s October 27–28 meeting. Ethereum ETF Outflows Remain a Drag US spot Ethereum ETFs recorded a small $4.3 million net inflow on October 23, but the broader trend remains weak. Over the previous 21 trading days, the funds saw roughly $1.13 billion in net outflows. Total assets across US spot Ethereum ETFs stand near $14.6 billion. The recent outflows matter because ETF demand has become one of the clearest indicators of institutional appetite for ETH.

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