BlackRock's ETHA Drove $88.6 Million Net Outflow From Ethereum (ETH) ETFs on October 26

One Fund Carried Monday's Redemptions

US spot Ethereum (ETH) ETFs ended Monday, October 26 with $88.6 million in net outflows, based on the issuers' own daily creation and redemption disclosures. The day's redemptions concentrated in a single product: BlackRock's ETHA shed $104.7 million, while every other fund in the lineup combined took in just $16.1 million. Fidelity's FETH supplied that entire offset on its own, booking $16.1 million of creations, which made it the only product with recorded demand on the session. Grayscale's ETH, Bitwise's ETHW, VanEck's ETHV, Franklin Templeton's EZET, Morgan Stanley's MSSE, 21Shares' TETH and Invesco Galaxy's QETH all went unchanged. Monday was the second net-outflow day of the past four sessions, and the first since October 22: the lineup posted net inflows on October 21 and October 23, then swung negative again on October 26. The Ethereum price has held steady through the fund selling, trading near $2,314 at the time of writing and up 0.2% over 24 hours, a print that sits just above the zone where a prior session's support test near $2,300 held. The eleven funds give traditional portfolios regulated exposure to Ether, the asset that secures Ethereum's proof-of-stake network, and each issuer publishes its daily net flow, the gap between creations and redemptions, after the US close.

Support at $2,304, Resistance at $2,450

The five-session view carries the heavier number. From October 20 through October 26, the lineup recorded $206 million in cumulative net outflows, and one fund again did most of the damage: ETHA lost $242.5 million across the stretch, BlackRock's separate ETHB fund gave back $17.2 million, and Grayscale's legacy ETHE trust shed another $9.6 million. Creation demand reappeared in patches: FETH added $38.7 million, Grayscale's newer Ethereum (ETH) fund $20.7 million, Morgan Stanley's MSSE $2.1 million, and Bitwise's ETHW and Franklin Templeton's EZET roughly $0.9 million each, sums that trimmed the weekly loss without erasing it. Each issuer's daily figure combines creations, when new shares are issued against Ether the fund buys, with redemptions, when shares are cancelled and Ether is sold, so a negative print means the lineup sold more Ether than it bought. BlackRock's two products together accounted for $259.7 million of the stretch's redemptions, more than the entire weekly net figure. VanEck's ETHV, 21Shares' TETH and Invesco Galaxy's QETH, which also went unchanged this week, hold $153.3 million, $36.1 million and $24.5 million of cumulative inflows respectively, and Morgan Stanley's MSSE, the newest entrant, $44.1 million. ETHE, converted from a closed-end trust in 2024, has drained $5.502 billion cumulatively. The October tally through October 26 stands at $1.264 billion in net outflows for the month, a sharp reversal from September's $831.3 million net inflow, a turn our earlier tally of the 30-day outflow streak, then at $1.07 billion, had already flagged. The flows have landed in a broader Ethereum (ETH) market that one of our October tallies measured down 13%, on course for its worst October in eight years. Since the products' July 2024 listing, cumulative net inflows total $12.659 billion: ETHA has absorbed $12.155 billion of that while ETHE has handed back $5.502 billion, with ETHB adding $867.95 million, Grayscale's ETH fund $2.031 billion and FETH $2.391 billion.

The composite support and resistance scoring we track frames where the flow matters for price. Spot trades at $2,314, just above the strongest floor on the map, $2,304, which scores 100 out of 100 from converging indicators, while the nearest resistance at $2,450 scores 86 out of 100. Derivatives positioning is calm rather than defensive: the funding rate on perpetual futures sits at 0.0037% and long accounts outnumber short accounts 3.08 to 1, readings our Ethereum technical analysis tracks alongside the level map. Momentum is the weak leg, with the relative strength index near 33 and the trend still labeled a downtrend, and spot remains far below the asset's all-time high. A reclaim of $2,450 would change that picture; until then, October 26's $88.6 million outflow stands as the heaviest single day of the October 20-26 stretch, which removed $206 million in total.