Ethereum exchange-traded funds have lost nearly $184 million over four days, largely due to geopolitical uncertainty. The outflows accelerated on April 29, when Ethereum ETFs posted $87.7 million in net redemptions, marking the largest single-day exit since March 26. Despite the losses, the price of the fund rose by 2.2% over the same period. The four-day negative streak coincides with broader weakness in crypto investment products. Despite this, the U.S.-Iran conflict shows no signs of resolution, keeping energy markets on edge and inflation expectations elevated.