Monday 12 Oct: $2,447 (-3.55%)
Tuesday 13 Oct: $2,498 (+2.09%)
Wednesday 14 Oct: $2,422 (-3.06%)
Thursday 15 Oct: $2,443 (+0.87%)
Friday 16 Oct: $2,423 (-0.79%)
Saturday 17 Oct: $2,403 (-0.84%)
Sunday 18 Oct: $2,411 (+0.32%)
Monday 19 Oct: $2,408 (-0.10%)
Tuesday 20 Oct: approx. $2,446 (+1.60%)
Wednesday 21 Oct: provisional
ETF flows (Farside, cross-checked with SoSoValue-based reports)
The top 5 Ethereum ETFs by ETH held (derived from net assets at the 20 Oct price)
Top 5 public treasury companies by ETH Holdings
Ethereum Software Updates: Glamsterdam
Ethereum Supply and Holdings
What it means
Ether ended around $2,446 on 20 Oct, about 3.6% down from its close on 11 Oct at $2,536.88. The lowest end-of-day price was $2,403 on 17 Oct.
The largest single day drop was on 12 Oct by about 3.55%, with no Ether-specific news. The CPI that came out on 14 Oct showed a 3.7% increase from the prior year and hit prices again.
From 12-20 Oct, spot Ether ETFs bled about $449.5 million, with 13 Oct the only inflow day at about $24.8 million.
BitMine controls 6,041,481 Ether (about 4.9% of supply) and is 63,500 Ether away from its 5% goal.
JPM Coin expansion to Ethereum was announced on 19 Oct for some of the bank’s institutional clients.
Glamsterdam is going to the Hoodi testnet on 26 Oct, and has no public mainnet launch date.
Part of a seriesEther had a choppy window. On 11 Oct it closed at $2,536.88 and finished 20 Oct roughly at $2,446, down about 3.6%, with a low close of $2,403 on 17 Oct. ETFs had outflows every day except 13 Oct (net of $449.5M outflows on 12-20 Oct). ETH maintained a base around $2,400. Positively, JP Morgan expanded JPM Coin to Ethereum, BitMine continued buying, and Glamsterdam is scheduled for a testnet on 26 Oct.
Prices are UTC day closes (Investing.com, within 0.1% of CoinGecko or Yahoo Finance).
Ether closed at $2,447, down 3.55%. This was the largest daily drop of the window.
No ETH-related news was reported. BTC also closed down 2.29%.
ETFs saw outflows of $85.4M ($75.1M from ETHA, $10.3M from Grayscale ETH). This was the 10th day of outflows.
Ether closed at $2,498, up 2.09%.
ETFs saw inflows of $24.8M ($16.7M from Grayscale ETH, $8.1M from FETH), snapping the outflow streak.
Ether closed at $2,422, down 3.06%.
U.S. Sept. CPI came in at 3.7% y/y vs. forecast of 3.6%, and crypto sold off on the release (BeInCrypto).
ETFs saw outflows of $129.5M ($109.8M from ETHA, $18.8M from Grayscale ETH, $0.9M from EZET).
Ether closed at $2,443, up 0.87%.
A broad selloff hit crypto during the day, and ETH recovered to close higher.
ETFs saw outflows of $60.2M ($44.4M from ETHA, $18.3M from ETHE; FETH had inflows of $2.4M).
Ether closed at $2,423, down 0.79%.
ETFs saw outflows of $69.7M, all from ETHA.
The Ethereum Foundation scheduled the Hoodi testnet fork for Glamsterdam.
A quiet day. This was the lowest close of the window.
A small gain.
BitMine bought 12,535 ETH during the week ending 18 Oct.
JPMorgan extended its JPM Coin to include Ethereum for certain institutional clients.
ETF outflows totaled -$103.3M (ETHA -$95.4M, FETH -$6.0M, ETHE -$1.9M), the fourth straight day of outflows. Spot Bitcoin ETF inflows totaled +$526.7M.
A strong day for the price.
ETF outflows totaled -$26.1M (ETHA -$33.0M, FETH +$3.6M, Grayscale ETH fund +$3.3M), the fifth straight day of outflows but much smaller than the day before.
ETH continued higher, to about $2,466 (Yahoo Finance) in early trading. The close is not final.
12-16 Oct: -$320.1M total (-$85.4M, +$24.8M, -$129.5M, -$60.2M, -$69.7M)
19-20 Oct: -$129.4M total (-$103.3M, -$26.1M)
12-20 Oct: -$449.5M total.
iShares Ethereum Trust (ETHA): about 3.3 million ETH (approx. $8.1B)
Grayscale Ethereum Mini Trust (ETH): about 920,000 ETH (approx. $2.25B)
Grayscale Ethereum Trust (ETHE): about 700,000 ETH (approx. $1.70B)
Fidelity Ethereum Fund (FETH): about 550,000 ETH
Bitwise Ethereum ETF (ETHW): about 110,000 ETH
US spot ETH ETFs together hold about 5% of ETH’s supply (net assets $14.98B, SoSoValue, 20 Oct).
1. BitMine (BMNR): 6,041,481 ETH as of 18 Oct (company release), roughly 4.9% of all ETH in circulation, and 5.07 million ETH staked.
2. SharpLink (SBET): roughly 890,000 ETH.
3. The Ether Machine (ETHM): roughly 496,000 ETH.
4. Bit Digital (BTBT): roughly 160,000 ETH.
5. Coinbase (COIN): roughly 150,000 ETH.
BitMine has about 7x the ETH as SharpLink and is about 63,500 ETH away from its 5% target.
Sepolia has been running Glamsterdam since 6 Oct with EIPs 7732 (ePBS) and 7928 (block-level access lists).
On 16 Oct, the Ethereum Foundation announced the Hoodi testnet fork will occur on 26 Oct at 17:42:48 UTC (epoch 132,352) with a gas limit of 200,000,000, only on the Hoodi testnet.
The mainnet date has not been set.
There are about 122.15 million ETH in circulation, with no max supply.
BitMine alone holds about 4.95% of the supply.
About 5% of the supply is held by the US spot ETFs and 8.1 million ETH (about 6.6% of the supply) is held by the 34 public treasuries tracked by CoinGecko.
The Ethereum Foundation’s treasury is about 147,000 ETH (about 0.12%), but that figure is from March 2026 and may have changed. A reliable retail split is not available.
Support is around $2,403 with resistance at the $2,498 and $2,537 closes on the 13th and 11th, respectively.
While outflows from ETFs were the story this week, ETH was able to hold its base and bounce. BitMine and JPMorgan are adding institutional demand.
Up next: Hoodi (26 Oct) and the FOMC meeting (27-28 Oct).
Data and sources: Prices from Investing.com, CoinGecko and Yahoo Finance. ETF flows from Farside and SoSoValue based reports. ETF net assets from SoSoValue and iShares. Treasuries from BitMine’s release, CoinGecko and BitcoinTreasuries. Supply from CoinMarketCap and CoinGecko. Upgrade details from the Ethereum Foundation’s blog.
India Crypto Research operates independently. The information presented herein is intended solely for educational and informational purposes and should not be construed as financial advice. Before making any financial decisions, it's essential to undertake your own thorough research and analysis. If you're uncertain about any financial matters, we strongly recommend seeking guidance from an impartial financial advisor.
