FeesSafety
Pluang+

U.S. Ether ETFs see $1.2B outflows in October as Bitmine nears 5% supply cap

Market News
24 Oct 2026
Tokenpost
View Source
Neutral
U.S. Ether ETFs see $1.2B outflows in October as Bitmine nears 5% supply cap

U.S. spot Ether (ETH) exchange-traded funds experienced $1.2 billion in net outflows through October 22, marking the largest monthly withdrawal in 2026 so far. Bitmine Immersion Technologies, a major buyer, slowed its Ether purchases as it approached a 5% supply target, currently holding 4.9% of Ethereum's circulating tokens. Despite Bitmine's reduced buying pace, ETF outflows have been significantly larger, averaging $357 million weekly, compared to Bitmine's $30 million weekly purchases. This dynamic occurs amid Ethereum's ongoing supply growth, influenced by network activity and token issuance changes. Bitmine plans to stop accumulating once it hits the 5% cap, expected by late November.

Ether ETFs net outflows totaled $1.2 billion through October 22. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 24, 2026 16:41 WIB: out of 50 priced major cryptocurrencies, 5 rose and 44 fell. Litecoin (LTC) dropped 5.18% to Rp1.016.187 with a typical hold time of 79 days and 78% sell order activity. The Graph (GRT) declined 5.05% to Rp415, and Synthetix (SNX) fell 5.03% to Rp3.666 with 100% buy order activity.

More News

AirTripMaker launches guide for Business Class flights from the US to 15 global destinations.

AirTripMaker launches guide for Business Class flights from the US to 15 global destinations.

AirTripMaker has introduced a comprehensive Business Class Flight Routes Guide to help travelers from the US explore premium flight options to 15 major international destinations across Asia, Europe, Africa, and Australia. The guide covers airlines, ...

Others
Neutral
59 minutes ago
Darolutamide with ADT and radiation cuts metastasis or death risk by 58% in high-risk prostate cancer patients.

Darolutamide with ADT and radiation cuts metastasis or death risk by 58% in high-risk prostate cancer patients.

Interim results from the Phase 3 DASL-HiCaP trial show that adding darolutamide to standard androgen deprivation therapy (ADT) and radiation therapy reduces the risk of metastasis or death by 58% in prostate cancer patients at high risk of recurrence...

Company Fundamentals
Bullish
3 hours ago
Anthropic's revenue jumps to $16.3B in H1 2026, up from $1.1B last year

Anthropic's revenue jumps to $16.3B in H1 2026, up from $1.1B last year

Anthropic reported a massive increase in revenue, reaching $16.3 billion in the first half of 2026 compared to just $1.1 billion in the same period last year. This surge highlights rapid growth and strong demand for its products or services. The dram...

Market News
Bullish
4 hours ago
NEAR Protocol leads crypto losses with an 8.93% drop amid broader market declines

NEAR Protocol leads crypto losses with an 8.93% drop amid broader market declines

NEAR Protocol (NEAR) experienced the largest 24-hour decline among major cryptocurrencies, falling 8.93% to $4.47. Other notable drops included Bitcoin down 1.28% to $80,495, Ether down 1.38% to $2,360.57, and XRP down 3.45% to $1.28. These declines ...

Market News
Bearish
4 hours ago
XRP's 2017-18 rally gains estimated between 62,000% and 119,000%, varying by measurement methods.

XRP's 2017-18 rally gains estimated between 62,000% and 119,000%, varying by measurement methods.

Estimates of XRP's price rally during 2017-18 vary widely, from about 62,000% to 119,000%, depending on different starting prices and measurement periods. Vandell Aljarrah of Black Swan Capitalist highlighted a 630-fold rise when XRP moved above a tr...

Market News
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App