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US Spot Ethereum ETFs Shed $88.58 Million as BlackRock's ETHA Leads Outflows

U.S. spot Ethereum ETFs recorded $88.58 million in net daily outflows on October 26, reversing a brief $4.35 million inflow in the prior session. Withdrawals were driven entirely by BlackRock's iShares Ethereum Trust (ETHA), which shed $104.71 million, outpacing Fidelity Ethereum Fund's $16.13 million in net inflows. The session brought cumulative monthly redemptions past $1.1 billion during October, Ether funds' toughest month of the year. Total net assets across all spot Ether ETFs stand at $14.07 billion, representing roughly 4.99% of Ethereum's market capitalization.

Category

Ethereum

Sentiment

Bearish

Event

Analyst flows

Reading time

1 min