Ethereum ETFs extend outflow streak to nine days with $542 million weekly loss

U.S. spot Ethereum ETFs extend their net outflow streak to nine consecutive trading days through October 9, 2026, bleeding $542.1 million over the week and $697.2 million over the entire run. BlackRock's ETHA fund leads the retreat, shedding $477 million in a single week. Simultaneously, Solana ETFs end a record 14-week inflow streak with $24.8 million in losses, while Bitcoin funds lose $681.1 million. Derivatives traders pile $5 billion into Ethereum short positions amid weakening spot demand.

U.S. spot Ethereum ETF outflows

• ▪Total net assets across U.S. spot Ethereum ETFs dropped to $15.71 billion by October 10, 2026, down from $17.9 billion in late September
• ▪U.S. spot Ethereum ETFs extended their nine-day outflow streak from September 29 to October 9, 2026, recording $542.1 million in weekly net losses and $697.2 million in cumulative net outflows

BlackRock ETHA fund redemptions

• ▪ETHA accounted for $506.1 million of the total $697.2 million shed during the nine-day Ethereum ETF outflow streak ending October 9, 2026
• ▪BlackRock's ETHA fund lost $477.0 million during the week ending October 10, 2026, accounting for approximately 88% of all U.S. spot Ethereum ETF redemptions that week
• ▪BlackRock's ETHA recorded its single largest trading day of redemptions on Tuesday, October 6, 2026, with $201.9 million in outflows as its 1-for-3 reverse share split took effect

Ethereum derivatives and market sentiment

• ▪Derivatives traders built up $5 billion in short positions against Ethereum compared to $1.53 billion in long positions as of October 10, 2026
• ▪Analyst Ted Pillows noted that weak spot demand for Ethereum continues to signal potential further price corrections despite heavy short position accumulation

U.S. Spot bitcoin ETF flows

• ▪U.S. spot Bitcoin ETFs lost $681.1 million during the week ending October 10, 2026, snapping a three-week inflow streak
• ▪U.S. spot Bitcoin ETFs rebounded on Friday, October 9, 2026, taking in $21.1 million in net daily inflows following major outflows earlier in the week

Solana ETF weekly outflows

• ▪Bitwise's BSOL accounted for $20.9 million of the total weekly Solana ETF net outflows, marking BSOL's largest weekly outflow on record
• ▪U.S. spot Solana ETFs recorded $24.8 million in weekly net outflows for the week ending October 10, 2026, ending a record 14-week inflow streak

Debatable claims

• ▪Weak ETF demand reflects fading long-term institutional confidence in Ethereum
• ▪Solana ETF redemptions mark the end of institutional momentum for altcoin funds
• ▪BlackRock's ETHA redemptions reflect fund-specific adjustments rather than broad market flight