Scott Melker, host of The Wolf Of All Streets podcast, reported on X on Sunday, October 11, 2026, that "US spot Ethereum $ETH ETFs posted $542 million in net outflows last week, their worst week since January and the ninth straight day of redemptions." Melker added that the outflow streak has drained approximately $697 million from the funds since September 29. BlackRock’s $ETHA alone accounted for about $477 million of last week’s outflows, or roughly 88% of the total. Additionally, spot Solana $SOL ETFs also recorded negative flows, ending a 14-week inflow streak.
The reported outflows represent a shift in the digital asset market, which has recently grappled with persistent liquidation events and Bitcoin's recovery path, as noted in recent Gokhshtein coverage. Bitcoin and Ether liquidity have surged, even as altcoins experienced capital bleeding. The Crypto Fear & Greed Index currently stands at 61, indicating 'Greed' in the market. Despite the recent redemptions, cumulative net inflows into US spot Ethereum ETFs remain positive at approximately $13.3 billion.
Melker's statement implies that institutional flows into Ethereum are reversing, despite the overall positive cumulative inflows. This suggests a potential cooling of institutional interest in Ethereum-based products in the short term. Market participants will likely monitor future inflow data to determine if this trend represents a temporary correction or a more sustained change in institutional sentiment toward Ethereum and other altcoin-related ETFs.
