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Ether ETFs Bleed $1.18 Billion in October as ETH Drops Below $2,300
U.S. spot ether ETFs have lost a net $1.18 billion in October, with outflows on 14 of 17 trading days, as ether fell to its lowest since August.
U.S. spot ether ETFs have recorded net outflows of $1.18 billion in October through Friday, according to daily data from Farside Investors. Money left the funds on 14 of the month's 17 trading days.
The biggest single day was Oct. 6, when $201.9 million went out. Only three days brought net inflows: $24.8 million on Oct. 13, $14.9 million on Oct. 21 and $4.4 million on Friday.
That Friday inflow was the good news. It covered about 0.4% of the month's exits.
Price follows the flows
Ether traded near $2,298 at 11:54 a.m. ET Saturday, down 4.4% in 24 hours, according to CoinGecko. That is below every daily reading in CoinGecko's data since Aug. 20. The drop came alongside a wider weekend slide, with bitcoin falling under $80,000 as the U.S. cut embassy staff in the Middle East.
Bitcoin funds lost money Friday too. U.S. spot bitcoin ETFs saw net outflows of $137.9 million, per Farside. Ether's slide was steeper.
Why the ETF data matters
ETF flows are one of the few daily windows into how U.S. institutions and advisers are positioned. They show money moving in or out of regulated funds, not who is selling or why.
Our read: October has been a one-way door for ether funds, and Friday barely nudged it.
Sources: Farside Investors (ether ETF flows) · Farside Investors (bitcoin ETF flows) · CoinGecko
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