{"id":17107,"date":"2025-10-18T08:14:30","date_gmt":"2025-10-18T06:14:30","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=17107"},"modified":"2025-10-18T08:14:30","modified_gmt":"2025-10-18T06:14:30","slug":"schwab-sees-strong-crypto-interest-amid-etf-withdrawals","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/10\/18\/schwab-sees-strong-crypto-interest-amid-etf-withdrawals\/","title":{"rendered":"Schwab Sees Strong Crypto Interest Amid ETF Withdrawals"},"content":{"rendered":"

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Spot Bitcoin exchange-traded funds within the United States experienced over $1.2 billion in withdrawals this week; however, Charles Schwab is noticing heightened interest in these products.\u00a0<\/p>\n

The eleven spot Bitcoin ETFs in the US recorded a combined outflow of $366.6 million on Friday, concluding a poor week<\/a> for the asset and Bitcoin-related institutional investment products.\u00a0<\/p>\n

BlackRock\u2019s iShares Bitcoin Trust encountered the most significant outflow, with the product losing $268.6 million, per<\/a> SoSoValue. Fidelity\u2019s fund lost $67.2 million, Grayscale\u2019s GBTC saw an outflow of $25 million, and a slight outflow occurred from the Valkyrie ETF. The remainder saw no flows on Friday.<\/p>\n

Another negative day for Bitcoin ETFs led to an overall outflow of $1.22 billion for the week, which included just one minor inflow day on Tuesday.\u00a0<\/p>\n

The ETF mass exodus transpired as the underlying asset plummeted more than $10,000 from slightly above $115,000 on Monday to a four-month low of just below $104,000 on Friday.\u00a0<\/p>\n

Spot Bitcoin ETFs struggle this week. Source: SoSoValue<\/em>
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Schwab reports increased engagement\u00a0<\/h2>\n

Charles Schwab\u2019s CEO Rick Wurster maintains an optimistic outlook on crypto exchange-traded products, indicating that the asset manager\u2019s clientele owns 20% of all crypto ETPs in the nation.<\/p>\n

Crypto ETPs have been \u201cvery lively,\u201d he mentioned on CNBC on Friday, adding that traffic to the company\u2019s crypto website has surged 90% over the past year.<\/p>\n

\u201cIt\u2019s a topic that generates significant engagement.\u201d<\/p><\/blockquote>\n

Related: <\/strong><\/em>\u2018ETFtober\u2019 expands, more than 5 new crypto ETFs submitted this week<\/strong><\/em><\/a><\/p>\n

Charles Schwab operates as one of the largest brokerages in the US, as ETF expert Nate Geraci noted on Saturday, who remarked<\/a>, \u201cI hope you\u2019re paying attention.\u201d<\/p>\n

Currently, Schwab provides crypto ETFs and Bitcoin futures and intends to offer<\/a> spot crypto trading to its clients by 2026.\u00a0<\/p>\n

Schwab CEO Rick Wurster discusses crypto ETFs. Source: <\/em>Nate Geraci<\/em><\/a>\u00a0<\/em>
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A challenging October for BTC<\/h2>\n

Bitcoin has experienced gains in ten out of the previous twelve Octobers; however, this month is defying the pattern, having lost 6% thus far, according<\/a> to CoinGlass.<\/p>\n

Nonetheless, analysts remain optimistic<\/a> that Uptober will continue as historical gains have typically occurred in the second half of the month, and anticipated Federal Reserve rate reductions could energize the rally. <\/p>\n

Magazine: <\/strong><\/em>Binance disrupts Korea, Morgan Stanley\u2019s security tokens in Japan: Asia Express<\/strong><\/em><\/a><\/p>\n