Bitcoin Price Crashes, but Charles Schwab Remains Optimistic About a Crypto Market Rebound!

Jakarta, Pintu News – The crypto market was rocked again this week after eleven Bitcoin ETFs (Exchange-Traded Funds) in the United States recorded outflows of more than $1.22 billion (around Rp19.8 trillion) in just one week.

This huge drop coincided with the price of Bitcoin (BTC) plummeting by more than $10,000 in less than five days. However, in the midst of this “blood red” condition, financial giant Charles Schwab emphasized its belief that interest in crypto products among institutional investors is still increasing.

Bitcoin ETFs record the largest outflows in October

Data from SoSoValue shows that on Friday alone, total outflows from spot Bitcoin ETF products reached $366.6 million, marking a very negative weekend for the crypto market. BlackRock’s iShares Bitcoin Trust was the biggest contributor with outflows worth $268.6 million.

This was followed by Fidelity with $67.2 million (Rp1.11 trillion), and Grayscale’s GBTC with $25 million (Rp414 billion). Only a few small ETFs such as Valkyrie recorded minor outflows, while most others had zero transactions on the day.

On a weekly basis, total outflows from Bitcoin ETFs reached $1.22 billion, with only one day recording a small inflow. The massive sell-off is in line with Bitcoin’s (BTC) price drop from around $115,000 ($1.9 billion) on Monday to below $104,000 ($1.72 billion) on Friday, the lowest level in four months. This massive selling pressure signals the panic of institutional investors who are temporarily exiting crypto-based products.

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Charles Schwab Remains Optimistic on Crypto Market

Despite a stressful week, Rick Wurster, CEO of Charles Schwab, remains optimistic about the future of cryptocurrency ETFs. In an interview on CNBC, he mentioned that Schwab clients currently account for about 20% of all crypto-based ETP (Exchange-Traded Products) holdings in the United States.

According to Wurster, investor interest in crypto has actually increased sharply, with visits to Schwab’s crypto site jumping 90% in the past year.

He called crypto a “high-engagement topic,” signaling that traditional investors are starting to consider Bitcoin and other digital assets as an important part of a modern portfolio.

Schwab also confirmed plans to expand their crypto services, including providing spot crypto trading features by 2026. Currently, the company already offers Bitcoin futures and various crypto-based ETFs for retail and institutional investors.

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Red October for Bitcoin and Crypto Investors

Historically, October is known as “Uptober” – a month where Bitcoin (BTC) usually records significant price increases. In the last 12 years, Bitcoin has managed to rise on 10 occasions in this month. However, October 2025 seems to be an exception as BTC has dropped by about 6% so far this month according to CoinGlass data.

Nevertheless, market analysts are still optimistic that the rally could continue in the second half of the month. They believe that a potential interest rate cut by the Federal Reserve (Fed) could be a major catalyst for a revival in crypto prices. With global sentiment starting to ease and crypto market capitalization slowly recovering, long-term investors still view this correction as a buying opportunity – not the end of a bullish trend.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cointelegraph. Bitcoin ETFs shed $1.2B in red week, but Schwab remains bullish. Accessed October 20, 2025.
• Featured Image: Bitcoin.News