- US spot Bitcoin ETFs faced weekly outflows of $1.2 billion as Bitcoin fell to a four‑month low.
- BlackRock, Fidelity and Grayscale saw large redemptions amid a 10% weekly drop in Bitcoin.
- Schwab reports growing crypto engagement, with clients holding 20% of US crypto ETPs.
US spot Bitcoin exchange‑traded funds (ETFs) endured a difficult week, registering more than $1.2 billion in outflows as Bitcoin’s price declined sharply.
Despite waning institutional inflows, Charles Schwab says investor engagement with crypto‑related products has increased, reflecting rising interest from both retail and institutional clients in digital assets.
Large outflows hit spot Bitcoin ETFs
Data from SoSoValue show that eleven US‑listed spot Bitcoin ETFs collectively recorded $366.6 million in outflows on Friday, capping a negative week for the products and for the broader cryptocurrency market.
The largest single‑day withdrawal came from BlackRock’s iShares Bitcoin Trust (IBIT), which lost $268.6 million in one day.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) also experienced significant redemptions totaling $67.2 million, while Grayscale’s GBTC saw $25 million in outflows. Smaller withdrawals were reported from Valkyrie’s Bitcoin ETF, and several other funds saw no activity on Friday.
Overall, US spot Bitcoin ETFs posted $1.22 billion in outflows over the past week, with only one day—Tuesday—showing modest inflows.
The outflows coincided with a sharp decline in Bitcoin’s price, which slid from above $115,000 on Monday to just under $104,000 on Friday, marking a four‑month low.
The steep drop underscores how sensitive institutional products remain to Bitcoin price movements, as ETF investors appear to have stepped back amid rising market uncertainty.
Charles Schwab reports increased engagement with crypto products
While ETF redemptions signal cooler sentiment among some investors, Charles Schwab expressed continued confidence in the long‑term potential of digital asset investment products.
Speaking to CNBC, CEO Rick Wurster said Schwab clients now hold 20% of all crypto exchange‑traded products (ETPs) in the United States.
He added that interest in crypto has grown substantially over the past year, with visits to Schwab’s crypto‑related web pages rising by 90%.
“Crypto ETPs have been very active,” Wurster said, noting the topic continues to draw high engagement from investors.
ETF analyst Nate Geraci observed that Schwab’s large brokerage platform positions the firm well to capture future demand.
Schwab already offers crypto and Bitcoin futures ETFs and plans to enable spot crypto trading for clients in 2026, signaling a long‑term commitment to the sector despite short‑term volatility.
Bitcoin faces a rare October decline
October, historically one of Bitcoin’s stronger months, has produced disappointing results so far this year.
CoinGlass data show Bitcoin rose in ten of the last twelve Octobers, but this year the asset is down roughly 6% month‑to‑date.
Despite the pullback, some market analysts remain hopeful that an “Uptober” rebound could return in the second half of the month.
Many point to the potential for Federal Reserve rate cuts later in the year as a catalyst that could revive demand for risk assets, including Bitcoin.
For now, however, the combination of ETF outflows, price pressure and macroeconomic uncertainty has weighed on crypto sentiment, leaving investors watching closely to see whether the weeks ahead can reverse October’s early losses.