Spot Bitcoin ETFs in the US saw over $1.2 billion in outflows, with BlackRock’s iShares Bitcoin Trust losing $268.6 million. A total of $1.22 billion was pulled out this week, coinciding with Bitcoin’s drop to a four-month low of under $104,000.

Charles Schwab CEO notes high engagement in crypto ETPs, with clients owning 20% of all in the US. Visits to the company’s crypto site surged 90% in the past year, indicating strong interest. Schwab plans to offer spot crypto trading to clients by 2026.

Bitcoin bucks trend with a 6% loss in October, breaking a usual trend of gains. Analysts are optimistic about a possible Uptober resurgence, citing historical second-half gains and potential Federal Reserve rate cuts as catalysts for a rally.

Read more at Cointelegraph: Schwab Reports High Crypto Engagement Despite ETF Outflows