Bitcoin ETFs experienced significant outflows totaling 1.22 billion USD as BTC prices fell sharply. The largest outflow came from BlackRock’s iShares Bitcoin Trust. Despite the negative trend, Schwab’s CEO expressed continued positive sentiment towards crypto ETPs.
Schwab disclosed that its clients possess 20% of all crypto exchange-traded products in the US, highlighting strong engagement. The CEO mentioned a 90% increase in traffic to their crypto site over the last year, alongside plans for spot crypto trading in 2026.
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