ETH Plunges 16% in October as Ethereum ETF Outflows Hit All-Time High

Record $1.6B outflows from spot Ethereum ETFs coincided with ETH's 16% October slide, signaling institutional de-risking and weak demand after a failed $2,800 breakout. The scale of redemptions amplifies downside momentum and raises correlation risk for altcoins, though it may also reflect portfolio rebalancing rather than outright capitulation.