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BlackRock's Ethereum fund sheds $1.3B in ETH amid six days of ETF outflows, pressuring ETH price below $2,250.

03 Nov 2026, 09:20 WIB
CryptoTicker
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Bearish
BlackRock's Ethereum fund sheds $1.3B in ETH amid six days of ETF outflows, pressuring ETH price below $2,250.

BlackRock's iShares Ethereum Trust (ETHA) has sold 580,145 ETH, worth about $1.3 billion, in October, contributing to a total $1.61 billion outflow from US spot ether ETFs that continued for six consecutive days as of November 2, 2026. These redemptions add selling pressure on the Ethereum price, which fell 16.6% over 30 days to around $2,249, hovering just above a key technical support at $2,158. The largest buyer, BitMine, only absorbs a fraction of these outflows, indicating a net selling trend that could keep ETH under pressure unless ETF flows reverse. German retail investors mainly access ether via ETNs, which track ETH prices affected by these US fund flows. Investors should watch the $2,158 level closely, as a daily close below it could signal further declines toward $2,020-$2,055.

Ethereum price prediction and ETHA's large October sell-off provide context as of Nov 03, 2026 13:31 WIB. For readers following the broader cryptocurrency market on Pluang, 6 of 50 major cryptocurrencies rose while 43 fell. Notable movers include BAT at Rp2.313 with a 1-day change of -5.04% and Pluang order activity showing 5% Sell / 95% Buy, MANA at Rp1.285 down 4.89% with 98% Sell / 2% Buy activity, and CRV at Rp4.764 down 4.64% with 60% Sell / 40% Buy. The most notable figure is MANA's 98% sell order activity.

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