Ethereum Sees $542M Weekly Outflows as Foundation Transfers 4.4k ETH to Exchange

Ethereum (BITSTAMP:ETHUSD) spot products recorded $542.1M in total net outflows for the week ending Oct 9, 2026, marking nine consecutive days of withdrawals. Daily outflows reached $56.1M on Oct 9 alone. Meanwhile, wallets linked to the Ethereum Foundation transferred 4,393 ETH, valued at roughly $11.13M, to the cryptocurrency exchange Kraken on Oct 12.

The sustained redemptions highlight softening demand across spot products, while treasury movements from the development entity attract close attention from market participants. Historically, the Ethereum Foundation has moved 49,751 ETH out of an original 59,751 ETH balance to Kraken, though these transfers lack on-chain evidence of direct open-market sales. A treasury policy published in June 2025 outlined potential annualized drawdowns of up to 5%. Separately, high-leverage trading triggered rapid volatility on Oct 10, when a 660x short position was liquidated during rapid spot CFD activity on Papertrade.

Investors will monitor whether institutional capital flows stabilize following nine days of continuous outflows. Market observers will also track approximately 10,000 ETH remaining in untracked Foundation reserves, along with further exchange transfers that could signal treasury management execution. Ethereum was last trading up 0.36% at $2,543 USD.