- U.S. spot Bitcoin ETFs faced a weekly outflow of $1.2 billion as Bitcoin fell to a four-month low.
- BlackRock, Fidelity and Grayscale saw sizable redemptions amid a 10% weekly drop in Bitcoin.
- Schwab says interest in crypto products is growing, and its clients hold 20% of U.S. crypto ETPs.
U.S. spot Bitcoin exchange-traded funds (ETFs) endured a challenging week, recording more than $1.2 billion in net outflows as Bitcoin prices declined.
Despite a pullback in institutional inflows, Charles Schwab reports rising engagement with crypto-related products, reflecting growing interest among both retail and institutional clients in digital assets.
Heavy outflows hit Bitcoin ETFs
Data from SoSoValue indicate that the 11 U.S.-listed spot Bitcoin ETFs collectively saw $366.6 million in outflows on Friday, capping a negative week for both the products and the wider crypto market.
The largest single-day withdrawal was from BlackRock’s iShares Bitcoin Trust (IBIT), which lost $268.6 million in one day.
Fidelity’s Wise Origin Bitcoin fund (FBTC) also experienced substantial redemptions totaling $67.2 million, while Grayscale’s GBTC saw $25 million in outflows. Smaller outflows were reported for Valkyrie’s Bitcoin ETF, and several other funds remained inactive on Friday.
Overall, U.S. spot Bitcoin ETFs posted $1.22 billion in net outflows for the week, with only Tuesday showing a modest inflow.
The decline coincided with a sharp dip in Bitcoin’s price, which fell from above $115,000 on Monday to just under $104,000 on Friday, marking a four-month low.
The steep sell-off highlights how sensitive institutional products remain to Bitcoin price moves, with ETF investors seemingly retreating amid rising market uncertainty.
Charles Schwab reports growing engagement with crypto products
While ETF redemptions signal cooling sentiment among some investors, Charles Schwab remains optimistic about the long-term prospects for investment products tied to digital assets.
Speaking on CNBC, CEO Rick Wurster said Schwab clients now hold roughly 20% of all crypto exchange-traded products (ETPs) in the U.S.
He added that interest in cryptocurrencies has grown significantly over the past year: Schwab’s web traffic for crypto-related pages increased by about 90%.
“Crypto ETPs have been very active,” Wurster said, underscoring that the topic continues to attract strong investor attention.
ETF analyst Nate Geraci noted that Schwab’s large brokerage platform positions it well to capture future demand.
The firm already offers crypto ETFs and Bitcoin futures products 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 pullback
October, historically one of Bitcoin’s strongest months, has started disappointingly this year.
CoinGlass data show Bitcoin has finished higher in ten of the past twelve Octobers, but this year the asset is down about 6% year-to-date.
Despite the setback, some market analysts remain hopeful that the “Uptober” trend could reassert itself in the second half of the month.
Many point to the potential for Federal Reserve rate cuts later this year as a catalyst that could revive demand for risk assets, including Bitcoin.
For now, the combination of ETF outflows, price pressure and macroeconomic uncertainty has weighed heavily on crypto sentiment, leaving investors watching closely to see whether the coming weeks can reverse October’s red start.