Scott Melker, host of The Wolf Of All Streets podcast, reported on Thursday that U.S. spot Ethereum exchange-traded funds (ETFs) recently recorded net outflows. Posting on X at 5:00 AM UTC on October 1, 2026, Melker stated, "U.S. SPOT ETHEREUM $ETH ETFS POST $2.81M IN NET OUTFLOWS ON SEPT. 29, ENDING A 7-DAY INFLOW STREAK THAT BROUGHT IN ~$850.8M." This specific financial data point indicates that on September 29, these investment vehicles saw $2.81 million withdrawn, interrupting a significant period of capital accumulation. The streak had previously channeled over $850 million into the products, highlighting a notable shift in investor behavior.
This development occurs amidst ongoing discussions about institutional engagement in the digital asset space. Recent Gokhshtein coverage highlighted intensifying institutional flows into the crypto market, with a Bitcoin whale recently moving $100 million to Binance. Ethereum, the second-largest cryptocurrency, is currently priced at $2,719, showing a 2.0% gain over the past 24 hours. Bitcoin has maintained its position above $84,000, trading at $84,299, up 1.4% in the same period. The broader market reflects a "Greed" sentiment, with the Crypto Fear & Greed Index at 74.
Melker's report suggests a potential cooling in the rapid accumulation phase for spot Ethereum ETFs. The conclusion of a seven-day inflow streak, which had attracted substantial capital, may prompt investors to monitor whether this outflow is an isolated event or the start of a new trend. The sustained interest in crypto ETFs is a key metric for institutional adoption, and any prolonged change in flow direction could influence short-term market dynamics for Ethereum.
