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US spot Ethereum ETFs see biggest weekly outflow since January, shedding $542M amid Ether price drop

Market News
11 Oct 2026, 03:45 WIB
Crypto Briefing
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Bearish
US spot Ethereum ETFs see biggest weekly outflow since January, shedding $542M amid Ether price drop

US spot Ethereum ETFs experienced their largest weekly net outflow since January, with investors withdrawing $542.1 million during the week ending October 9, 2026. BlackRock's iShares Ethereum Trust (ETHA) accounted for the majority of these redemptions, making up about 88% of the total outflows. This decline coincided with Ether's price falling below $2,500 and its 50-day moving average, alongside a significant drop in trading volume. The outflows reflect waning investor confidence amid broader bearish sentiment affecting cryptocurrencies, including Bitcoin and Solana ETFs, suggesting a cautious market environment potentially influenced by economic and regulatory uncertainties.

Ethereum ETFs' recent outflows provide context for cryptocurrency market activity on Pluang. As of Oct 11, 2026 07:02 WIB, 40 of 50 major cryptocurrencies rose while 8 fell. Notable movers include CAKE at Rp40.822 with a 5.22% gain and ATOM at Rp35.168 with a 5.00% loss.

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