Cryptocurrency

Ethereum ETFs Have Had Nine Straight Days of Outflows and Lost $2 Billion in Assets. Is Wall Street Giving Up on ETH?

Ethereum ETFs just logged nine straight sessions of outflows and shed nearly $2 billion in assets, but the real story behind those numbers tells a very different tale about where institutional confidence actually stands.

By Sam Daodu
Published October 10, 2026, 6:35pm ET · 3 min read

The Crypto Desk desk. Editor: Sam Daodu.

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Golden Ethereum Coin on Futuristic Digital Technology Background
© Tamisclao / Shutterstock.com

Ethereum-focused funds (CRYPTO:ETH) have seen nine consecutive sessions without net inflows. These exchange-traded funds (ETFs) operate on stock exchanges like regular shares and hold Ether on behalf of their investors. Their total net assets dropped from $17.69 billion on October 5, 2026, to $15.71 billion on October 9, reflecting a significant decline of roughly $1.98 billion. This trend of Ethereum ETF outflows is certainly noteworthy.

Ether is currently at $2,496, down 6.9% over the past week. However, this decline doesn’t fully illustrate how much money investors have withdrawn from the funds. So, is Wall Street really stepping back from Ethereum?

Falling Ether Prices Caused Most of the $2 Billion Drop in Fund Assets

A silver-colored Ethereum coin with a gold logo and 'ethereum' text rests on a black keyboard. Adjacent to it, a smartphone screen displays a financial candlestick chart with red and green bars, alongside visible numbers from a calculator interface.

Alexandru Nika / Shutterstock.com

A fund’s net assets represent the market value of everything it owns. So this figure can decrease in two ways: investors can withdraw money, or the value of the Ether the fund holds can decline. Only the first scenario results from investors selling.

For example, a fund might maintain the same amount of Ether throughout the week without any withdrawals. Yet if the price of Ether drops, the reported assets still decrease because those coins are worth less. In this case, investors sell no shares, but the asset value still appears to decrease.

From October 5 to October 9, total net outflows amounted to about $542 million. The remaining $1.44 billion drop was solely due to Ether’s price decline. This means outflows accounted for just 27.4% of the overall loss, while the declining Ether price drove most of it.

Ethereum ETF Outflows Have Shrunk Since Peaking on October 6

A golden Ethereum coin with its distinct logo and 'ethereum' text is centered, standing upright on a reflective surface. Behind it and to the sides are various stacks of other golden coins, some in focus, some blurred. The background features a dark blue hue with numerous out-of-focus, bright blue circular lights, creating a bokeh effect.

alfernec / Shutterstock.com

The fact that funds have experienced nine days of outflows is more telling than any single dollar figure. One significant holder might drive a notable outflow for a day, but a sustained streak signals ongoing pressure. The most recent inflows occurred on September 28, when the funds gained about $17 million.

Interestingly, even as outflows persisted, daily figures declined after peaking on October 6. Here’s a breakdown of the net outflows during this period:

  • October 5: $50.8 million
  • October 6: $201.9 million (largest outflow)
  • October 7: $160.8 million
  • October 8: $72.5 million
  • October 9: $56.1 million

By October 9, daily outflows had fallen to $56.1 million, suggesting a more gradual shift rather than a massive rush to sell.

However, the flow data doesn’t reveal the reasons behind the redemptions, leaving room for interpretation. Selling could stem from factors such as portfolio rebalancing or profit-taking, especially since Ether has been up 1.1% over the past 30 days. Additionally, a nine-day trend is relatively short, especially in a market where Ether can decline by 6.9% in just a week.

Do Ethereum ETF Outflows Mean Wall Street Is Giving Up on ETH?

While it appears Wall Street is reducing its Ether exposure, signs of a complete retreat are not strong yet. Most of the asset decline is attributable to falling prices, and the daily outflows have been shrinking throughout the week. If you currently hold Ether, the declining outflows may suggest a more optimistic view of institutional sentiment than the overall drop in the asset.

Nonetheless, holders’ patience is being tested. Ether is down 49.5% from its all-time high of $4,946 and would need a staggering 98.2% increase to regain that value—a long wait for funds evaluated on a quarterly basis. If daily outflows climb back above the $201.9 million mark from October 6, it could solidify the argument that Wall Street is indeed giving up on Ethereum. On the other hand, a single day of net inflows could end the streak and shift the momentum back in favor of the bulls.

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Sam Daodu

Sam Daodu is a crypto analyst who's spent nearly a decade making blockchain understandable—no easy task when most whitepapers read like fever dreams. He writes for 24/7 Wall St., covering Bitcoin, altcoins, and crypto market analysis for investors. Before crypto, he was a tech writer (back when explaining "the cloud" was peak innovation). Since 2018, he's written for CoinTelegraph, Yahoo Finance, The Block, Cryptonews, Zypto, Rain, and more—basically anywhere people want crypto news without the headache. Sam runs MacLabs Marketing, a content agency for crypto brands tired of sounding like AI wrote their website. He also publishes free crypto education on his site for Web3 enthusiasts who think "gas fees" is a typo. When he's not writing or staring at charts, Sam's either: - Watching anime (currently convinced One Piece has better tokenomics than most altcoins) - At the gym sculpting himself into a Greek god - Listening to the music your mum warned you only bad boys listen to Connect: LinkedIn | Email | MacLabs Marketing

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