Ethereum spot ETFs have now posted 14 consecutive days of net outflows, racking up more than $708 million in redemptions over that stretch. The most recent week alone saw $306 million exit ETH-specific funds — the largest weekly pullback since late January. Year-to-date outflows for ETH ETFs stand at roughly $540 million. The money isn't leaving crypto, though: during the same week, XRP funds attracted $68 million and Solana funds pulled in $55 million.
The scale of the bleed
The 14-day outflow streak is the longest Ethereum ETFs have endured this year. The $306 million figure for the week ending May 30 is nearly double the previous week's outflow. It brings the total institutional exodus from ETH products to levels not seen since the start of 2026. Meanwhile, the broader crypto ETF market is still drawing net inflows — the capital is simply rotating.
Where the money went
XRP and Solana were the two biggest beneficiaries of the rotation. XRP ETFs took in $68 million in the same week, while Solana ETFs added $55 million. Both assets have been on something of a run relative to Ethereum. The shift suggests institutional allocators see more near-term upside in those networks or are simply rotating out of ETH after its prolonged underperformance.
Technical damage
Ethereum's market dominance has slipped toward 9.7%, a level that raises questions about its standing among layer-1 tokens. The ETH/BTC ratio has broken a critical support level, meaning Ether is consistently underperforming Bitcoin. On the price side, ETH is trading below its 50-, 100-, and 200-day exponential moving averages, with support being tested right around $2,000. Over three months, ETH has shed roughly 25%, though it has clawed back about 10% in the trailing month.
The projection
Standard Chartered's digital assets research team recently published a scenario where ETH could flush as low as $1,400 before staging a recovery toward $4,000. That call isn't an official forecast so much as a stress-test level, but it underscores how much room the market is pricing in for further downside. The $2,000 support is the immediate line in the sand. If it breaks, the path to $1,400 opens up. For now, the institutional flows suggest conviction in Ethereum — at least through the ETF window — is running thin.
