Ethereum Price Today: ETH Slips Below $2,600 as Ether ETF Outflow Streak Hits Six Days

Ethereum traded near $2,562 on October 7, down about 5.5% over the previous 24 hours, as U.S. spot Ether ETFs stretched a run of daily redemptions to six consecutive sessions. The latest leg lower came after BlackRock’s iShares Ethereum Trust (ETHA) accounted for the entire $202 million in net outflows on October 6, according to live Ethereum market data and SoSoValue fund-flow figures, while Bitcoin funds drew $119 million over the same session.

The gap between the two largest crypto assets’ fund flows has become the clearest driver of Ethereum’s recent price action, with ETH underperforming bitcoin as institutional money favors the leading asset. Ether is down roughly 5.5% while bitcoin has slipped about 3.2% to near $83,371, and several altcoins have fallen harder.

Why Ether Is Falling

U.S. spot Ether ETFs posted $202 million in net outflows on October 6, and a single redemption of $201.89 million from BlackRock’s ETHA made up essentially the whole figure. The withdrawal marked the sixth straight day of outflows from the sector, extending a stretch that has kept consistent selling pressure on the asset’s exchange-traded wrapper.

Spot Bitcoin ETFs moved the other way, drawing $119 million in net inflows led by BlackRock’s IBIT at $122 million. The split suggests the current pressure is more acute in ether than in bitcoin, even though both assets are lower in a broader risk-off session that has pushed major altcoins such as Cardano and Dogecoin down by roughly 7% to 8%.