US spot Ethereum ETFs bleed $1.26B in October as Fidelity's FETH draws inflows
- —ETH ETFs shed $1.26B in net outflows since early October
- —BlackRock's ETHA accounts for over $1.1B of the outflows
- —Fidelity's FETH pulled in $38.7M over five sessions
- —Cumulative inflows since launch stand at $12.7B
Why it matters: Heavy ETF outflows weigh on Ethereum demand; sustained FETH inflows could be the first sign of a sentiment shift.
Source: Bithub