U.S. spot Ethereum ETFs recorded roughly $542 million in net outflows during the five trading sessions from October 5 to 9, 2026—their worst week since January. Friday’s $56.1 million withdrawal extended the outflow streak to nine sessions, even as cumulative net inflows since launch remained positive at $13.26 billion.
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Daily withdrawals peaked on October 6
Reported daily flows were negative throughout the week, with the largest withdrawal on Tuesday. The five daily figures add to about $542.2 million; reports put the weekly total at either $542.1 million or $542.2 million, a small difference in reported totals.
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| Date |
Net flow |
| October 5 |
−$50.8 million |
| October 6 |
−$201.9 million |
| October 7 |
−$160.9 million |
| October 8 |
−$72.5 million |
| October 9 |
−$56.1 million |
Friday’s withdrawal was about 23% smaller than Thursday’s, but it was still the ninth consecutive trading day of net outflows. Across the full September 29–October 9 streak, withdrawals totaled approximately $697.2 million.
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That reversed much—but not all—of the $850.8 million reported as flowing into the funds during the preceding seven-session inflow streak. Comparing those two figures, the outflows amounted to roughly four-fifths of the earlier inflows.
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ETHA drove most of the weekly outflow
BlackRock’s iShares Ethereum Trust (ETHA) accounted for about $477.1 million, or roughly 88%, of the week’s total withdrawals. Reports also attributed all of Friday’s $56.1 million outflow to ETHA.
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The available reports do not provide comparable five-day flow totals for Grayscale’s ETHE, Fidelity’s FETH and Morgan Stanley’s MSSE, so their individual weekly contributions cannot be established here. One report cited total Ethereum ETF net assets of $15.71 billion, but reported asset snapshots differ; that figure should be treated as a reported snapshot, not a reconciled total.
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Fund flows measure net money moving into or out of ETF shares. They are not, by themselves, proof of a fund manager’s personal market view, and changes in assets under management can also reflect movements in Ether’s price.
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Ethereum’s losses were part of a wider crypto ETF retreat
Across Bitcoin, Ethereum, Solana, Hyperliquid and Zcash products, U.S. crypto ETFs recorded about $1.29 billion in combined net outflows during October 5–9.
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Bitcoin ETFs attracted about $21 million on Friday after losing roughly $731 million over the previous two sessions. Solana ETFs, meanwhile, posted their largest weekly outflow since launch, ending a record 14-week run of inflows.
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What the flows say about Ether—and what they don’t
Ether traded near $2,491, below $2,500 and its 50-day moving average, after falling more than 7% over seven days, according to market coverage published around October 10. Reports also pointed to rising exchange balances and cooling futures demand. Those conditions may add to selling pressure, but they do not establish that every transfer to an exchange was sold.
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Some coverage cited support near $2,370 and a possible move toward $2,200 if that level failed. These are technical scenarios, not assured price targets.
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The October 5–9 withdrawals show a sharp weekly reversal, not that all investors had abandoned Ethereum ETFs: cumulative net inflows since launch still stood at $13.26 billion on October 9. The available figures also cannot establish whether ETHA’s outflows would stop the following week.