Ethereum (ETH) ETFs Post $110.6M Net Outflow on Oct 22, Led by BlackRock's ETHA

United States spot Ethereum (ETH) ETFs logged a net outflow of $110.6 million on Oct. 22, swinging the fund complex back to net selling one session after a $14.9 million net inflow, Farside Investors' daily flow ledger shows. The Oct. 22 figure is a net balance across the whole lineup, a difference between creations and redemptions rather than any single product's tally, and it is booked by U.S. trading day, so it says nothing about exchange turnover in the underlying spot market. BlackRock's ETHA led the redemptions with $75.5 million leaving the fund, the largest single-product withdrawal of the day. A further $17.2 million exited ETHB, while Grayscale's ETHE and the Grayscale Ethereum Mini Trust shed $9.6 million and $10.7 million respectively. Fidelity's FETH stood alone on the positive side, absorbing a net $2.4 million. Four funds together bled $113 million; one gave back a fraction of that. ETHA's $75.5 million alone accounts for roughly two-thirds of the net total, and Grayscale's two vehicles added another $20.3 million to the outflow side.

The Ethereum (ETH) price finished the Oct. 23 session at $2,408.22 by one market-data aggregation, while a second cross-checked feed records the same close at $2,409.21, a gap between close conventions rather than a disagreement about direction. Our live reading at press time puts the coin at $2,410, up 1.4% over 24 hours, so the fund-flow reversal has not yet shown up as spot weakness. No evidence presented ties the one-day outflow to the price outcome as a single cause; an ETF's daily net figure tracks fund share flows, which can but need not pass straight through to sales of the underlying ether.

Spot action has stayed flat since the flow disclosure, so the outflow day has not moved the coin, but the wider indicator set still reads a downtrend: RSI sits at 40.4 and the MACD signal is bearish. On our composite scale, resistance at $2,436 scores 100 out of 100 while support at $2,286 scores 95, the two levels this story turns on; the full ladder is tracked on our Ethereum technical analysis page. Derivatives positioning stays tilted long: open interest stands at $10.1 billion, and 71.6% of tracked accounts sit on the long side, a 2.52 long/short ratio, meaning a break of the $2,436 ceiling would force more repositioning than the flows alone imply. Traders mapping the same band can revisit our earlier read on the decisive $2,300 support test.

Glamsterdam's Hoodi Activation Slips

The flow ledger was not the only Ethereum (ETH) development on Oct. 22. The Ethereum Foundation postponed the Hoodi testnet activation of the Glamsterdam upgrade, which had been set for Oct. 26, saying it wants further investigation into how EIP-8037, a proposal that reworks gas accounting, interacts with smart contracts already running on mainnet. Glamsterdam bundles an execution-layer component, Amsterdam, with a consensus-layer component, Gloss; together they change how blocks are produced and validated and how gas fees are computed. The upgrade reached the Sepolia testnet on Oct. 6, but Sepolia and Hoodi activations follow separate procedures, and the delay adjusts future configuration rather than undoing anything already recorded on Hoodi.

The Foundation told node and validator operators on Hoodi to check new guidance for execution and consensus clients and to refresh any configuration still carrying the old activation time, adding that the client-version tables in the earlier notice should not be used alone to judge whether a release reflects the delay. Mainnet users and ether holders need take no action, the Foundation said. A new Hoodi date will be announced later, and the mainnet activation date remains unset. Glamsterdam sits at the center of the wider Ethereum (ETH) upgrade path; for the timeline as it stood before this change, see our related report, Ethereum Foundation Delays Glamsterdam Upgrade. As for the Oct. 22 balance itself, its composition is disclosed on both sides: about $113 million left four funds, Fidelity's FETH returned $2.4 million, and the $110.6 million net figure is the difference between them, booked to a single U.S. trading session.