US spot Ethereum ETFs log record 23-day net outflow streak

Investors pulled over $1 billion from the funds in October even as on-chain staking kept setting records US spot Ethereum ETFs just finished a month they would probably like to forget. The funds logged 23 consecutive trading days of net outflows, the longest losing streak since they launched in July 2024, according to on-chain analytics firm Glassnode. The run stretched through October 30, 2026. That is roughly a full month of investors heading for the exits with no single day of net buying to break the pattern. The timing makes it stranger. While ETF holders were pulling money out, Ethereum staking activity on-chain kept climbing to record levels. Two groups of Ethereum investors appear to be reading the same asset in very different ways. A billion-dollar October The October damage added up to more than $1 billion in net outflows. That makes it the largest monthly drain these products have seen in 2026. October 30 alone accounted for $155.8 million in net outflows. The reversal looks sharper against the prior month. In September, the same group of funds pulled in inflows of $832 million. October did not just erase that momentum. It flipped the direction entirely. Ethereum’s price ...