Ether falls 13% in 30 days as ETF outflows hit $1.08 billion in October

Ether has seen a significant decline over the past month, dropping roughly 13% over 30 days compared to Bitcoin’s 4.7% decrease during the same period. The ETH price briefly fell below $2,300 on October 24 before recovering modestly to $2,342.08 by the end of the day. During this stretch, Ether reached a 30-day low of $2,286.76.

ETH and Bitcoin divergence widens

Bitcoin, the world’s largest cryptocurrency, traded at $80,537 on October 24, reflecting a smaller 4.71% monthly drop. At the start of the period, Ether opened near $2,684 while Bitcoin was just below $84,249.

The ratio of Ether’s price to Bitcoin (ETH/BTC) slipped to 0.0291, down from 0.0319 at the beginning of the month. Over seven days, Ether fell 3.33% and Bitcoin shed 1.48%. Both assets faced daily declines late on October 24, with Ether dropping 0.7% and Bitcoin 0.1%.

Ether had reached $2,754 on October 2 but has since dropped by approximately 15%. This leaves the asset about 53% below its all-time high of $4,946.05 set in August 2025. Meanwhile, Bitcoin is down around 36% from its peak of $126,080 recorded in October 2025. Ether’s market capitalization stood at $286 billion late on October 24.

ETF outflows hit record levels

US spot Ether exchange-traded funds (ETFs) registered substantial net outflows in October 2026. According to Farside, $110.6 million in net outflows occurred on October 22 alone. BlackRock’s iShares Ethereum Trust (ETHA) led the losses with $75.5 million withdrawn that day, while Fidelity’s FETH saw a modest inflow of $2.4 million.

BlackRock’s ETHB product reported $17.2 million in outflows, Grayscale’s ETHE lost $9.6 million, and Grayscale’s Ethereum Staking Mini ETF recorded a $10.7 million exit on the same day. These outflows came after $14.9 million in inflows on October 21, during which Grayscale’s staking fund gained $28.1 million and FETH attracted $13 million, even though ETHA saw an outflow of $29.3 million.

In the week ending October 22, aggregated outflows from ether ETFs reached $484.6 million across seven sessions, with $388.9 million drained between October 14 and October 20. October 14 saw the largest single-day outflow in the period, with $129.5 million exiting the funds. On October 19, an additional $103.3 million left the sector.

October 23 brought a modest reversal with $4.4 million in net ETF inflows, though complete figures for all products were not yet available.

Exchange-traded fund data shows spot Ether ETFs in the US lost $1.08 billion in October through October 21, the sharpest monthly outflow in 2026. September’s $832 million in inflows were completely erased, leaving net inflows for the year at roughly $485 million.

October became the worst month for ether ETF performance since November 2025. By October 20, total net assets of US spot ETH ETFs stood at $14.98 billion, representing 5.01% of ether’s total market value.

For comparison, US spot Bitcoin ETFs experienced approximately $67 million in outflows over the same month, yet still maintained year-to-date net inflows of about $809 million. Over six sessions starting September 29, ether ETF net outflows reached roughly $408 million. BlackRock’s ETHA alone registered a $201.89 million outflow on October 6.

Mini dictionary: Spot ETF (Exchange-Traded Fund), an investment fund traded on stock exchanges that directly tracks the price of an underlying asset, such as ether or bitcoin, by holding the actual asset in its portfolio. Spot ETFs provide investors with regulated exposure to digital assets without requiring direct ownership.