Since season 2 came out, i keep opening helltide chests and not receiving a weapon or gear piece, only potions. I even rewatched my gameplay to make sure I wasn’t going crazy the first few times.
This is also in the Eternal Realm Helltides, and i do open a living steel chest first and then spend my remaining cinders.
Edit: changed item to weapon or gear piece since it does drop 3 potions each time.
Edit 2: it’s now happened on each chest I’ve opened since this post. (Im farming living steel so w.e. cinders are left, i open a chest)
Edit 3/4: today, 10/22, is the first day an item actually dropped since s2 launch (light weaponry chest!), BUT the next Helltide I did, i opened a living steel and then helm and the helm didnt drop anything.