Ether ETF Outflows Hit $955M in October as Bitcoin Funds Join the Retreat

US spot Bitcoin and Ether ETFs just posted their second straight week of outflows, shedding $549 million combined. The bleed is slowing — last week hit $1.22 billion — but the trend is unmistakable.

Ether funds are taking the harder hit

Ether ETFs dropped $320 million last week alone, marking three consecutive weeks of withdrawals. October has already wiped out roughly $955 million from Ether products, the worst monthly tally of 2026. Bitcoin funds lost $229 million, their second down week in a row. The gap between the two assets is widening fast.

Price action followed the flows

Ether slid 5% to $2,433 over the same period. Bitcoin dipped 1.3% to $82,783. The correlation isn't coincidental — when institutions pull capital, spot pressure builds fast. SoSoValue data confirms the outflows accelerated through mid-October before easing slightly last week.

The year-to-date picture stays positive

Despite October's pain, both asset classes remain in the green for 2026. Bitcoin ETFs have netted $259 million in inflows since January; Ether ETFs sit at $610 million. One bad month doesn't erase nine good ones. The long-term thesis hasn't cracked.

• Watch the $955M October ETH outflow level — a break above $1B would signal deeper capitulation
• Bitcoin's two-week streak is young; a third week would match Ether's pattern

Why this matters: ETF flows are the clearest real-time signal of institutional conviction. When the smart money steps back, retail tends to follow. The October ETH exodus is the loudest warning flare we've seen since these funds launched.