US Ethereum ETFs recorded net October outflows of $1.607 billion, according to Farside’s daily data. The final five trading sessions accounted for $431.4 million.
US-listed Ethereum ETFs closed October with net outflows of $1.6072 billion. KriptoMeta calculated the figure by adding the daily net flows for the 22 trading sessions from October 1–30, 2026 in Farside Investors’ daily table.
The final session, Friday, October 30, recorded $155.7 million in net outflows. The five sessions from October 26–30 produced a combined $431.4 million outflow.
ETHA accounted for most of the monthly outflow
BlackRock’s ETHA recorded monthly net outflows of $1.4205 billion. Its separate ETHB product recorded $52.3 million in net outflows. The table tracks flows into and out of the investment products; it does not track ether sales from BlackRock’s corporate treasury.
Fidelity’s FETH attracted $36 million in net inflows over the month. MSSE received $3.7 million in net inflows. The other nine products recorded monthly net outflows.
| Product | October total | October 30 |
|---|---|---|
| ETHA | −1,420.5 | −76.6 |
| ETHB | −52.3 | −19.5 |
| FETH | +36.0 | −3.3 |
| ETHW | −5.0 | 0.0 |
| TETH | −7.5 | 0.0 |
| ETHV | −10.6 | 0.0 |
| QETH | −2.0 | 0.0 |
| EZET | −6.1 | 0.0 |
| MSSE | +3.7 | −0.7 |
| ETHE | −119.1 | −21.5 |
| ETH | −23.8 | −34.1 |
| Total | −1,607.2 | −155.7 |
Grayscale’s ETHE and ETH recorded monthly net outflows of $119.1 million and $23.8 million, respectively. ETH in the table is a fund ticker. Ethereum’s native asset, ether, also uses the abbreviation ETH. All figures in the table measure fund flows in millions of dollars, not token quantities.
Farside does not identify individual investors, their reasons for trading or the assets to which they redirected money. It also does not report how many institutions closed positions.
October included three net inflow days
The 22 sessions included 19 net outflow days and three net inflow days. The positive readings were $24.8 million on October 13, $14.9 million on October 21 and $4.4 million on October 23. The $110.6 million net outflow on October 22 fell between two of those positive sessions.
Outflows in the final week were $88.6 million, $60.2 million, $21.4 million, $105.5 million and $155.7 million from Monday through Friday. The positive session on October 23 was followed by five consecutive trading days of outflows.
Farside’s October 31 post breaks down the final session’s $155.7 million outflow by fund. ETHA led the day with $76.6 million. FETH and MSSE finished the month with net inflows but recorded outflows of $3.3 million and $0.7 million, respectively, in the final session.
KriptoMeta added the daily net values in millions of dollars from Farside’s table. The calculation excludes seed capital and the all-time total row. Farside says its table updates automatically and may contain errors; the figures reflect the values accessed on November 1.
Flows differ from trading volume and price losses
ETF investors buy and sell fund shares on an exchange. As iShares explains in its November 15, 2024 ETF guide, investors can trade existing shares with each other. Authorized participants create or redeem large blocks directly with the fund. Selling an existing share on an exchange does not by itself produce an equal net outflow from the fund.
Net fund flow is the difference between amounts entering and leaving a product. Trading volume measures the value of shares bought and sold in the market. Assets under management also change with the price of ether. The $1.607 billion net outflow does not measure the change in total asset value or investors’ realized losses.
According to iShares’ Ethereum product explanation, an ETP investor owns fund shares while the asset manager and its custody partner handle storage of the underlying asset. Someone buying ether directly through a crypto exchange can hold it in a wallet whose keys they control. Fund shareholders do not control the private keys to the underlying ether.
iShares says ETHB seeks rewards by staking the ether it holds. Staking involves periods when the asset cannot be sold or transferred, entry and exit queues, and a risk of loss; rewards are not guaranteed.
iShares by BlackRock’s October 9, 2025 explainer video covers exposure to crypto assets through ETPs, according to its description. The 2025 recording provides general product context; it was not used to verify current flows.
