US Spot Ethereum ETFs Post Record Monthly Net Outflows in October as ETH Plunges

Spot Ethereum exchange-traded funds recorded unprecedented monthly net outflows in October, reaching an all-time high of $1.61 billion according to SoSoValue data. The heavy liquidations occurred as funds saw net redemptions on 18 of 21 trading sessions, driving cumulative net inflows down from $13.89 billion to $12.29 billion. Unwinding institutional basis trades, alongside broader macro headwinds, pressured Ethereum spot prices down 16.06% across October, ending a three-month winning streak to close the month near $2,250 after touching an intra-month low of $2,150.