U.S. Spot Ether Funds Post $129.4 Million in Two-Day Outflows

U.S. spot Ether (ETH) funds recorded $129.4 million in net withdrawals over Oct. 19 and 20, extending the previous week’s outflows ahead of a scheduled activation of Ethereum’s Glamsterdam upgrade on a testnet. The funds posted $103.3 million in net outflows on Oct. 19 and $26.1 million on Oct. 20. That followed $320.1 million in net withdrawals during the Oct. 12-16 trading week. The figures show that outflows continued through Oct. 20. Glamsterdam is scheduled to activate on the Hoodi testnet at 1:42:48 p.m. ET (17:42:48 UTC) on Oct. 26. It activated on the Sepolia testnet Oct. 6.