US spot Ethereum exchange-traded funds (ETFs) have recorded more than $1 billion in net withdrawals during October, marking their worst monthly performance of 2026.
According to SoSoValue data, Ethereum ETF outflows have reached approximately $1.08 billion since the beginning of the month, reflecting weakening investor demand for Ether-based investment products.
Meanwhile, US spot Bitcoin ETFs have experienced more moderate outflows, although investment activity has slowed following a brief surge in demand earlier this week.
Ethereum ETF Outflows Reach $1.08 Billion in October
US spot Ethereum ETFs continued losing investor capital on Tuesday, recording an additional $26 million in net withdrawals.
The latest figures brought total October outflows to approximately $1.08 billion, according to data provided by SoSoValue.
This represents the largest monthly net withdrawal from Ethereum ETFs in 2026 and the biggest since November 2025.
Moreover, the substantial October withdrawals have completely erased the $832 million in net inflows recorded during September.
As a result, cumulative net inflows for the year have declined to approximately $485 million.
With eight trading sessions remaining in October at the time of the report, the monthly figures could change further depending on institutional investment activity.
The persistent withdrawals highlight growing caution among investors seeking exposure to Ethereum through regulated exchange-traded investment products.
Ethereum Price Drops Nearly 10% Amid ETF Withdrawals
The negative Ethereum ETF flows have coincided with a significant decline in the cryptocurrency’s market value.
Ether (ETH) has fallen approximately 9.7% since the beginning of October, dropping from around $2,700 to $2,438 at the time of publication.
Furthermore, data from CoinGecko indicates that Ethereum has lost nearly 18% of its value since the beginning of 2026.
The combination of falling prices and sustained ETF withdrawals suggests that investors have become increasingly cautious about Ethereum’s near-term outlook.
However, ETF outflows do not necessarily indicate that all cryptocurrency investors are selling their holdings.
Instead, the figures specifically measure net capital movements through US-listed spot Ethereum exchange-traded funds.
Nevertheless, continued withdrawals could signal reduced demand from investors who prefer gaining cryptocurrency exposure through traditional financial markets.
Bitcoin ETFs Record Modest Inflows After Monday’s Surge
While Ethereum ETFs continued experiencing withdrawals, US spot Bitcoin ETFs attracted fresh capital during the latest trading session.
According to SoSoValue, Bitcoin investment funds recorded approximately $23 million in net inflows on Tuesday.
However, this represented a significant slowdown from Monday, when the funds attracted approximately $527 million.
Despite the two consecutive sessions of positive flows, Bitcoin ETFs remain in negative territory for October.
Monthly net withdrawals currently stand at approximately $67 million, while year-to-date net inflows total around $809 million.
These figures suggest that Bitcoin investment products have demonstrated relatively greater resilience than Ethereum ETFs during the month, although both have faced pressure from changing market sentiment.
Bitcoin Price Remains Under Pressure Despite ETF Inflows
Bitcoin’s market performance has also remained subdued throughout October.
At the time of publication, Bitcoin (BTC) was trading near $82,954, representing a decline of approximately 2.2% since October 1.
The cryptocurrency was also down around 5.3% since the beginning of 2026.
Despite the recent recovery in daily Bitcoin ETF inflows, the broader monthly figures indicate that investor demand remains uneven.
Meanwhile, Ethereum continues to face more substantial ETF withdrawals alongside a sharper decline in its market price.
Looking ahead, investors will closely monitor the remaining October trading sessions to determine whether institutional demand stabilizes or further withdrawals extend the current trend.
