Ethereum-focused exchange-traded funds (ETFs) have experienced nine straight days of outflows, losing nearly $2 billion in assets. From October 5, 2026, to October 9, the total net assets of these ETFs dropped from $17.69 billion to $15.71 billion. However, most of this decline, $1.44 billion, was due to the falling price of Ether, not investor withdrawals. Only $542 million of the total loss came from actual outflows, meaning the drop in Ether’s value drove 72.6% of the overall reduction.
The outflows peaked on October 6 at $201.9 million but have since decreased, suggesting a gradual shift rather than a panic sell-off. Daily outflows fell to $56.1 million by October 9. The last inflow occurred on September 28, with funds gaining about $17 million. While the trend raises concerns, it may not signal a complete retreat from Ethereum. The declining outflows and Ether’s 1.1% gain over 30 days hint at lingering institutional confidence.
Ether’s price has dropped 6.9% over the past week, compounding the asset decline. The cryptocurrency is down 49.5% from its all-time high of $4,946, making a recovery to that level seem unlikely in the short term. If outflows surge again, it could indicate weakening institutional support. Conversely, a single day of inflows could reverse the current streak and restore optimism.