On October 11, investors pulled approximately $8.7 million from Ethereum ETFs, ending an eight-day streak of inflows totaling nearly $1.97 billion, according to SoSoValue data.
The majority of the outflow came from Fidelity’s FETH ETF, which saw withdrawals of $30.3 million. Similar trends were observed among products from Bitwise, VanEck, 21Shares, and Invesco.
The only exception was BlackRock’s ETHA, which attracted $39.3 million during the last trading session.
The prior inflow streak had been the largest since August, when Ethereum ETFs accumulated $3.7 billion over eight days, marking the fourth-largest inflow on record. The all-time peak remains in July, with $5.4 billion gathered over 20 days.
Trading volumes for Ethereum-based ETFs reached $2.31 billion, with ETHA leading at $1.65 billion, followed by ETH at $213.5 million and FETH at $185 million.
In contrast, spot Bitcoin ETFs continued a nine-day inflow streak, drawing $197.8 million in a single day. Since the start of October, Bitcoin-focused ETFs have seen $5 billion in inflows, compared to $1.2 billion for Ethereum products.
Ethereum Price Consolidation
At the time of writing, Ethereum trades around $4,400. Timothy Misir, head of research at BRN, noted that the $4,250–4,500 range remains a key support zone. He highlighted upcoming network upgrades expected to improve scalability and emphasized that the market is not overheated, leaving room for further upside.
Investor Ted Pillows mentioned that Ethereum bounced from $4,250 support. If this level holds, the altcoin may recover; if not, a correction toward $4,000 is possible.
Analyst Ash Crypto echoed the support level observation and identified resistance near $5,000, noting that BlackRock’s ETHA had accumulated $1.4 billion worth of ETH—a sign of aggressive whale activity. If resistance is broken, Ash anticipates a sharp rise to $6,000 or higher.
Web3 researcher ZYN commented that Ethereum is completing the final phase of Wyckoff accumulation, suggesting a weekly close above $4,750 could trigger a new rally. His target is $8,000 by Q4 and $10,000 by cycle peak.
BitMine Adds to Ethereum Holdings
On October 10, BitMine Immersion Technologies increased its Ethereum reserves by 23,823 ETH (approx. $103.7 million), according to Lookonchain citing Arkham data. BitMine now manages over 2.8 million ETH (~$12.4 billion), making it the largest corporate holder and second-largest digital asset treasury after Strategy.
Ethereum co-founder and ConsenSys CEO Joseph Lubin continues to praise ETH as an ideal corporate asset, reinforcing institutional interest in the network.
