Is there a ground loop issue with surge protectors? The only time they should be conducting anything to ground is during a lightning strike.
Anytime there are two points which connect to one another a potential difference exists. Whether a Ground Loop is seen depends on many factors like design, components, quality, potential difference, surface area, environment, etc. It should be noted that ground loops on the scale of problems are separate issues vs more common and dangerous issues seen in the home such as.
Micro Surges: Happen every day and are generated by common appliances and motors: Fridge, freezer, sump, well pump, compressor, table saw, lawn mower, snow blower, blender etc.
This is why its important to have a tiered SPD system in place from Type 1 ~ Type 4.
Type 1: Service Entrance = Meter
Type 2: Service Panel = Breaker
Type 3: Point of Use = Outlet, power bar, AVR, UPS
Type 4: Inline = Attached in series before a device ~ Furnace, Washer, Dishwasher
Generally speaking all SPD / TVSS (Surge Protective Devices) are sacrificial and designed to absorb & block the bulk of the surge (voltage rise) event and anything else is shunted to ground. Type 1 ~ 2 SPD's are designed to sustain large voltage spikes coming from outside vs Type 3 ~ 4 SPD's. Type 3 ~ 4 SPD's generally speaking are installed inside a building and offer a tighter voltage range (let through) as such offer that last line of defense to point of use devices.
A SPD is always passing voltage from point A to point B . . .
It's only when a defined high voltage threshold is seen that it begins to conduct and than shunt to ground the excess to earth ground.
So a ground loop can exists because its connected to point A & B . . .
Regardless of the above in 2022 it makes more sense run outdoor rated armored optical fiber vs direct burial ethernet cable. Fiber doesn't conduct, doesn't rust, is immune to RFI / EMI / EMF, can be run further, offers consistent and reliable 1 ~ 40 GB speeds with the correct hardware and transceiver's.
Powering and protecting low voltage wiring takes more planning but opens some choices not available using ethernet cabling. The obvious reason for deploying ethernet cable is its low costs, ease of installation, and direct connection to everyday switches.
Anyone who lives in an area prone to seasonal lightning and intends to span more than 25 feet distance. Should really consider fiber vs copper wiring for all the reasons noted up above.