Schlagwort: crypto business

• US spot Bitcoin ETFs faced $1.2B in weekly outflows as Bitcoin fell to a four-month low.
• BlackRock, Fidelity, and Grayscale saw major redemptions amid Bitcoin’s 10% weekly drop.
• Schwab says crypto interest is rising, with clients holding 20% of US crypto ETPs.

The United States’ spot Bitcoin exchange-traded funds (ETFs) faced a challenging week, with over $1.2 billion in total outflows as Bitcoin prices tumbled.

Despite the decline in institutional inflows, Charles Schwab says investor engagement with crypto-related products is rising, reflecting a growing interest among retail and institutional clients in digital assets.

Heavy outflows hit Bitcoin ETFs

Data from SoSoValue shows that the eleven US-listed spot Bitcoin ETFs collectively recorded $366.6 million in outflows on Friday, closing out a negative week for both the products and the broader cryptocurrency market.

The largest withdrawal came from BlackRock’s iShares Bitcoin Trust (IBIT), which lost $268.6 million in a single day.

Fidelity’s Wise Origin Bitcoin Fund (FBTC) also saw substantial redemptions totaling $67.2 million, while Grayscale’s GBTC experienced $25 million in outflows. A smaller withdrawal was reported from the Valkyrie Bitcoin ETF, while the remaining funds saw no activity on Friday.

In total, spot Bitcoin ETFs in the US witnessed $1.22 billion in outflows over the past week, with only one day—Tuesday—showing minor inflows.

The downturn coincided with sharp declines in Bitcoin’s price, which fell from above $115,000 on Monday to just below $104,000 on Friday, marking a four-month low.

The steep decline highlights how sensitive institutional products remain to Bitcoin’s price movements, with ETF investors appearing to pull back amid growing market uncertainty.

Charles Schwab reports rising engagement in crypto products

While ETF redemptions signal cooling sentiment among some investors, Charles Schwab remains optimistic about the long-term potential of digital asset investment products.

Speaking on CNBC, CEO Rick Wurster revealed that Schwab’s clients now hold 20% of all crypto exchange-traded products (ETPs) in the US.

He added that interest in crypto has grown substantially over the past year, with visits to the company’s crypto-related webpages up 90%.

“Crypto ETPs have been very active,” Wurster said, emphasizing that the topic continues to draw 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 even amid short-term volatility.

Bitcoin faces rare October downturn

October, historically one of Bitcoin’s strongest months, has so far delivered disappointing results.

Data from CoinGlass shows that Bitcoin has gained in ten of the past twelve Octobers, but this year, the asset is down 6% month-to-date.

Despite the slump, some market analysts remain hopeful that the trend of “Uptober” could return 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 reignite demand for risk assets, including Bitcoin.

For now, however, the combination of ETF outflows, price pressure, and macroeconomic uncertainty has weighed heavily on crypto sentiment—leaving investors to watch whether the coming weeks can reverse October’s red start.

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• Bitcoin’s Fear & Greed Index drops to 22, signaling extreme fear in the crypto market.
• BTC falls 13% in a week to $105,600, triggering a sharp decline in investor sentiment.
• Extreme fear may hint at a potential market bottom, but uncertainty remains high.

The cryptocurrency market has entered a phase of heightened anxiety as the Bitcoin Fear & Greed Index drops into the “extreme fear” territory.

Following a sharp decline in Bitcoin and other major digital assets, investor sentiment has deteriorated markedly, raising questions about whether a market bottom could be near—or if more downside lies ahead.

Fear & Greed index falls to extreme levels

The Fear & Greed Index is designed to gauge investor sentiment in the Bitcoin and broader cryptocurrency markets.

It does so by aggregating data from multiple sources, including volatility, trading volume, market capitalization dominance, social media activity, and Google Trends.

The index operates on a scale of 0 to 100, with higher numbers indicating greed and lower numbers indicating fear.

Scores above 53 suggest traders are becoming greedy, while readings below 47 imply a fearful environment.

When the value falls under 25, it is considered “extreme fear,” and above 75, “extreme greed.”

As of now, the index stands at 22, firmly placing it in the extreme fear zone.

This marks a decline from recent readings that had shown only moderate fear, signaling that market sentiment has weakened significantly in a short period.

Bitcoin price drop drives market anxiety

The latest move into extreme fear coincides with a steep decline in Bitcoin’s price.

The world’s largest cryptocurrency has fallen sharply over the past several days, losing about 13% over the last week to trade around $105,600 at the time of writing.

This downturn follows a broader sell-off across the crypto market, with other digital assets also posting significant losses.

The sentiment shift has been rapid—just last week, the index recorded a similar low of 24 after a sudden market drawdown.

That earlier episode saw the index swing dramatically from greed to extreme fear within a short span, reflecting how quickly optimism can turn to caution in the volatile crypto environment.

The market’s current position mirrors past instances when sharp price corrections triggered widespread fear among investors.

Historically, such periods of extreme sentiment have often corresponded with significant market turning points, although not always in a straightforward manner.

Extreme fear as a possible turning point

While a reading of extreme fear can appear alarming, it has sometimes preceded market bottoms in Bitcoin’s history.

The relationship between sentiment and price has typically been inverse—periods of extreme fear have often signaled potential accumulation phases, while extreme greed has tended to accompany market tops.

However, the connection is not guaranteed.

The last instance of extreme fear led to a temporary bottom before prices resumed their decline, suggesting that investor psychology alone may not determine near-term price direction.

As the market once again finds itself in a deeply fearful state, traders and analysts alike will be watching closely to see whether Bitcoin stabilizes or continues to fall.

The coming days could prove pivotal in determining whether this episode of fear marks the start of a longer bearish trend or the setup for another recovery phase.

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• Bitcoin price has dropped below $106,000 as bearish pressure sends cryptocurrencies plummeting.
• Ethereum, Solana, XRP and BNB have tanked below key levels.
• Macro headwinds impacting equities also led to a decline in crypto prices today.

As global markets heave amid selloff pressure, major assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are trading near pivotal support levels.

A similar outlook prevails across the rest of the crypto market, with a few coins experiencing double-digit losses over the past 24 hours.

Why is the crypto market down today?

The cryptocurrency market’s downturn on October 17 stems primarily from escalating US-China trade frictions.

In the past few days, events around the two trading partners have injected significant uncertainty into global risk assets.

President Donald Trump’s renewed threats of 100% tariffs on Chinese technology exports reverberated through financial corridors.

It prompted a broad sell-off that began on October 10 and persists today.

This policy escalation, aimed at curbing China’s dominance in rare earth minerals and semiconductors, has amplified fears of retaliatory measures, inflationary pressures, and supply chain disruption.

Together, these factors have disproportionately impacted high-volatility sectors like crypto.

Adding to the macro headwinds, on top of the market witnessing over $19 billion in liquidations across leveraged positions last Friday, is the continued profit taking.

Low liquidity during Asian trading hours today has exacerbated the rot.

Institutional sentiment souring as US spot Bitcoin and Ethereum ETFs record significant net outflows adds to the weakness.

Analysts note that while the Federal Reserve’s anticipated rate cut at the October 28-29 FOMC meeting could provide a counterbalance, short-term volatility remains elevated due to the absence of positive catalysts.

Crypto ETF hype around major altcoins has also cooled.

Overall, the total crypto market capitalisation has contracted by 4.6% to $3.58 trillion.

Nearly all of the top 100 coins are in the red as risk-off sentiment spills over from equities.

Meanwhile, Coinglass data shows that over $1.01 billion has been wiped off the market in terms of 24-hour liquidations.

Bitcoin struggles below $106k

Bitcoin, the bellwether of the crypto ecosystem, has mounted a fierce but futile defence against gravity.

After a brief rebound to above $115k, BTC has dropped to under $106,000.

Bears reached lows of $105,918 in early trades on Friday, and despite bulls’ efforts, the benchmark digital asset is trading at $105,906 at the time of writing.

Bitcoin is thus firmly below the psychological mark of $110,000.

The US-China rhetoric and other factors risk pushing BTC lower. Immediate support is likely in the $103,000-$100,000 zone.

Ethereum, XRP, and SOL dip below key levels

As Bitcoin struggles below $110k, Ethereum has fared no better.

The top altcoin has plummeted 3.5% to $3,780 in the past 24 hours.

That means the Ethereum price is well below the $4,000 support level.

This dip has cascaded across the broader altcoin market.

Weakness in ETH also reflects in Solana, XRP and BNB among other altcoins.

XRP’s price hovers below the critical $3.00 mark as sellers push bulls to lows of $2.24.

Meanwhile,  Solana has cratered to below $200 to trade around $178 as bears target further strengthening.

As the market grapples with the downturn, BNB has retreated to near $1,000, and Dogecoin has slipped 9% to $0.17.

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