US spot Ethereum ETFs recorded about $117.8 million in net outflows from Sept. 29 to Oct. 1, ending a seven-day streak that had attracted $850.6 million. The selling was roughly one-seventh of the prior streak's inflows and was much smaller than the outflows recorded from Sept. 15 to 17, which reversed the following day. Fidelity's Ethereum fund accounted for about half of the latest withdrawals, while Grayscale's two funds made up most of the remainder; BlackRock's ETHA recorded no flows on Wednesday or Thursday. Ethereum traded at $2,678 as of 2:28 p.m. ET, down 0.9% over 24 hours and little changed over the week, while Bitcoin edged higher. CryptoQuant contributor MorenoDV_ said renewed redemptions could weaken the support provided by rising fund holdings, which have increased about 23% to 24% since July. Funds tracked by CryptoQuant added more than 1 million ETH over that period, while Bitcoin fund holdings grew much more slowly. Santiment found that its age-consumed measure, which tracks the movement of long-idle coins, reached about nine times its September weekday average on Wednesday, although few coins reached exchanges and past spikes have also reflected wallet reshuffling. Ethereum's staking exit queue reached a nine-month high after MetaMask's staking unit began withdrawing affected validators following a security incident, but Ethereum waiting to enter staking still outnumbered withdrawals by almost two to one. A recovery case would be strengthened if fund holdings retook their October 2025 peak. Futures positioning remained subdued, with open interest edging higher, funding rates near neutral and price little changed. Corporate buying continued, with Bitmine Immersion Technologies purchasing Ethereum again in the week to Sept. 27 and disclosing holdings of nearly 5% of supply. Last week's inflows averaged more than $120 million a day, meaning one comparable session would offset all three days of outflows.