Ethereum's ETF bleed just hit six straight weeks — and almost all of it is one seller. US spot Ether ETFs lost about $365 million in the week to November 6, the sixth week in a row of net outflows. BlackRock's ETHA did nearly all of it — about $346 million of the $365 million, including $90.8 million on Friday alone. Fidelity's FETH was the rare buyer, taking in $15.3 million. The streak is adding up. The funds lost about $431 million the week before, so roughly $800 million has left in two weeks. Total net inflows since launch have shrunk from $13.94 billion at the end of September to $11.92 billion. The price is feeling it. Ether fell about 5% late Sunday to $2,223, its lowest since August — and it trades near $2,145 today, down about 4.3% on the day. It is down almost 17% in a month. The catch: ETF selling is not the whole story. Ether is also flowing ONTO exchanges — about 29,820 ETH in net inflows over seven days — while Bitcoin saw net outflows. Holders are moving ETH where it can be sold, not where it is locked away. Six weeks of exits, one dominant seller, and the price at a two-month low. That is the tape Ethereum has to break. BTC sits near $74,880, down about 1.2% on the day.