Ethereum ETF Hit $621 M Inflows in October — Institutions & Stakers Drive Momentum

Ethereum exchange-traded funds (ETF) are gaining unprecedented traction, attracting $621.4 million in inflows so far in October, more than doubling September figure and fueling renewed optimism for ETH.

According to data from AInvest and Bloomberg, Ethereum spot ETFs have recorded over $621 million in net inflows within the first week of October — a powerful vote of confidence from institutional investors.

This surge surpasses the previous month’s $287.5 million total, underscoring how ETH is emerging as the go-to alternative play for funds diversifying beyond Bitcoin. Financial giant Citi has raised its 12-month ETH price target to $5,440, citing ETF demand, network upgrade efficiency, and an expanding staking ecosystem.

The inflow wave also coincides with sustained on-chain activity. Ethereum’s daily burn rate has climbed 9% month-over-month due to increased DeFi and NFT traffic, making ETH’s supply even more deflationary.

Market watchers predict that if institutional accumulation continues, ETH could soon outperform Bitcoin on a relative basis, echoing cycles seen in mid-2021 when DeFi summer fueled ETH’s parabolic rise.

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