Bitcoin ETF outflows mark worst week since July sell-off

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Bitcoin ETFs post $1.2B in weekly outflows

Charles Schwab says interest in crypto ETPs remains high

In an interview with CNBC, Charles Schwab CEO Rick Wurster confirmed that the firm’s clients own around 20% of all crypto ETPs in the United States, underscoring sustained institutional participation. “Crypto ETPs have been very active,” Wurster said, adding that traffic to Schwab’s crypto website has risen 90% in the past year.

Wurster also revealed Schwab’s intention to launch spot Bitcoin and Ethereum trading services by 2026, expanding beyond ETFs and Bitcoin futures currently offered. “Clients want us to manage their crypto assets alongside their other holdings because they trust our platform,” he said. According to Wurster, clients keep 98% of their assets with Schwab but hold 2% of their crypto externally — a gap the firm aims to close with its upcoming offerings.

The brokerage’s continued interest contrasts with the broader ETF market, where outflows reflect a mix of profit-taking, market deleveraging, and trader repositioning following last week’s record-setting liquidations.

Analysts predict rebound as ‘Uptober’ history favors Bitcoin

While Bitcoin’s 6% decline in October has broken its 10-out-of-12-year winning streak, several analysts believe the downturn could be short-lived. Crypto analyst Scott Melker said last week’s crash — the largest liquidation event in crypto history — was “structural, not emotional,” emphasizing that the market remains resilient.

“I don’t think we’re entering a bear market just yet,” Melker noted, explaining that past declines were driven by external factors like regulatory crackdowns or mining bans, while this episode stemmed from internal market structure and leverage resets.

Historically, Bitcoin’s strongest monthly gains often occur in the second half of October, a pattern traders refer to as “Uptober.” Analysts expect that renewed institutional demand, particularly if ETF flows stabilize, could help Bitcoin retest resistance levels near $115,000 in the coming weeks.

Despite a bruising week for ETFs, long-term sentiment remains cautiously optimistic. As Wurster put it, “Crypto remains a topic of high engagement — and this level of interest is not going away.”

Recently we wrote that Bitcoin (BTC) dropped to $106,860, losing 1.48% in the past 24 hours and over 5% for the week. The decline came as Bitcoin exchange-traded funds saw over $1.2 billion in weekly outflows, triggering a risk-off wave across the broader market.

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