Spot Bitcoin exchange-traded funds (ETFs) in the United States have endured a challenging week, with more than $1.2 billion in total outflows as Bitcoin’s price slumped.
Data from SoSoValue showed that the 11 US-listed spot Bitcoin ETFs saw a combined outflow of $366.6 million on Friday alone, marking the fifth consecutive day of investor withdrawals.
The biggest losses came from BlackRock’s iShares Bitcoin Trust, which shed $268.6 million. Fidelity’s fund recorded $67.2 million in outflows, while Grayscale’s GBTC lost $25 million. Valkyrie also saw minor outflows, while other funds reported no net movement.
Over the full week, total redemptions reached $1.22 billion — the largest since early summer. The only exception was a modest inflow on Tuesday, which briefly interrupted the otherwise bearish streak.
Bitcoin Price Slides to Four-Month Low
The ETF exodus coincided with a steep decline in Bitcoin’s price.
The leading cryptocurrency plunged more than $10,000 over the week, falling from just over $115,000 on Monday to a low of under $104,000 by Friday.
This marks Bitcoin’s weakest performance in four months, with traders reacting to a combination of macroeconomic concerns and reduced risk appetite among institutions.
Analysts say the correction could test investor confidence in recently approved spot ETFs, which had previously seen steady inflows during Bitcoin’s rally earlier this year.
Schwab Reports Growing Crypto Engagement
Despite the ETF outflows, Charles Schwab remains optimistic about the long-term potential of crypto exchange-traded products (ETPs).
Rick Wurster, CEO of Charles Schwab, told CNBC on Friday that clients at the firm currently hold 20% of all crypto ETPs in the United States.
Crypto ETPs have been “very active,” he noted, adding that traffic to Schwab’s crypto site has risen 90% in the past year.
“It’s a topic that’s of high engagement,” Wurster said.
ETF analyst Nate Geraci highlighted Schwab’s growing presence in the market, commenting that the brokerage — one of the largest in the country — is positioning itself for wider crypto adoption.
Schwab currently provides access to crypto ETFs and Bitcoin futures but plans to launch spot crypto trading for clients in 2026.
October Reverses Bitcoin’s Seasonal Gains
Historically, October has been one of Bitcoin’s strongest months, often referred to by traders as “Uptober.”
According to data from CoinGlass, Bitcoin has recorded gains in ten of the past twelve Octobers. However, this year has bucked the trend, with the cryptocurrency losing around 6% so far this month.
Still, analysts remain hopeful that the second half of October could bring a rebound, as markets anticipate potential Federal Reserve interest rate cuts that may boost risk assets like Bitcoin.
