**US Spot Bitcoin ETFs See $1.2 Billion Weekly Outflows as Bitcoin Hits Four-Month Low**
The United States’ spot Bitcoin exchange-traded funds (ETFs) faced a challenging week, experiencing over $1.2 billion in total outflows amid a significant drop in Bitcoin prices. Despite this decline in institutional inflows, Charles Schwab reports that investor engagement with crypto-related products is rising, signaling growing interest among both retail and institutional clients in digital assets.
### Heavy Outflows Hit Bitcoin ETFs
Data from SoSoValue reveals that eleven US-listed spot Bitcoin ETFs collectively recorded $366.6 million in outflows on Friday alone, rounding off a negative week for these products and the broader cryptocurrency market.
The largest single-day withdrawal came from BlackRock’s iShares Bitcoin Trust (IBIT), which lost $268.6 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) experienced substantial redemptions totaling $67.2 million, while Grayscale’s GBTC saw outflows of $25 million. The Valkyrie Bitcoin ETF reported smaller withdrawals, and the remaining funds saw no activity on Friday.
Over the past week, US spot Bitcoin ETFs witnessed $1.22 billion in outflows, with only Tuesday showing minor inflows. This downturn coincided with a sharp decline in Bitcoin’s price, which fell from above $115,000 on Monday to just below $104,000 on Friday, marking its lowest level in four months.
The steep decline underscores the sensitivity of institutional products to Bitcoin’s price fluctuations, with ETF investors appearing to pull back amid growing market uncertainty.
### Charles Schwab Reports Rising Engagement in Crypto Products
While ETF redemptions suggest some cooling sentiment among investors, Charles Schwab remains optimistic about the long-term potential of digital asset investment products.
Speaking on CNBC, Schwab CEO Rick Wurster revealed that the company’s clients now hold 20% of all crypto exchange-traded products (ETPs) in the US. Interest in crypto has grown substantially over the past year, with visits to Schwab’s crypto-related webpages increasing by 90%.
“Crypto ETPs have been very active,” Wurster said, emphasizing the continued high engagement from investors.
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 and plans to launch spot crypto trading for clients in 2026, signaling a long-term commitment to the sector despite short-term volatility.
### Bitcoin Faces Rare October Downturn
October is historically one of Bitcoin’s strongest months, but this year has delivered disappointing results so far. Data from CoinGlass shows Bitcoin has gained in ten of the past twelve Octobers; however, this year the asset is down 6% month-to-date.
Despite the slump, some market analysts remain hopeful that the “Uptober” trend could return in the latter half of the month. Many point to potential Federal Reserve rate cuts later this year as a catalyst that could reignite 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 eager to see if the coming weeks can reverse October’s red start.
https://coinjournal.net/news/us-bitcoin-etfs-see-1-2-billion-in-weekly-outflows/