Ether ETFs Lose $1.2 Billion Through Oct. 22 as Bitmine Nears 5%

U.S. spot Ether (ETH) exchange-traded funds recorded $1.2 billion in net outflows through Oct. 22, their largest monthly withdrawal of 2026 so far, as Bitmine Immersion Technologies slowed its buying while nearing a 5% supply target. The October total rose from $1.08 billion in the earlier October tally . Funds recorded net outflows on all but two trading days through Oct. 22. Bitmine held 6.04 million ETH, equal to 4.9% of Ethereum’s circulating token supply, and was about 66,000 ETH short of its goal.