Ethereum ETFs see largest weekly net outflow since January

US spot Ethereum ETFs just had their worst week since late January. Investors pulled $542.1 million from the funds during the trading week ending October 9, 2026.

That marks the biggest weekly exodus in more than eight months. It also arrives with Ether sliding below a price level traders tend to watch closely.

BlackRock’s fund did most of the bleeding

The outflows were not spread evenly. BlackRock’s iShares Ethereum Trust (ETHA) accounted for roughly $477 million of the weekly total.

That works out to approximately 88% of all redemptions in the category.

Grayscale’s ETHE came in a distant second. It saw $31.9 million in withdrawals over the same week.

For context, the last time the category posted a weekly figure this bad was late January. Back then, Ethereum ETFs recorded $611 million in withdrawals.

The latest week is also part of a longer losing run. The funds have now logged nine consecutive trading days of outflows, starting on September 29.

Over that stretch, total redemptions reached $697.2 million.

Ether slips under $2,500 as volume dries up

The price action has not offered much comfort. ETH settled near $2,491 on October 10, down more than 7% over the prior week of trading.

That move pushed Ether below two markers at once. It fell under its 50-day simple moving average and dropped beneath the $2,500 threshold.