Add as a preferred source on GoogleCharles Schwab Analyst Sees Long-Term Bitcoin (BTC) Momentum Holding Despite Pullback
U.S. spot Bitcoin (BTC) ETFs logged $56.949 billion in cumulative net inflows through Oct. 16, although daily flows were mixed over the final three sessions.
Charles Schwab analyst Adam Lynch said Bitcoin (BTC) retains longer-term momentum despite a pullback, calling ETF inflows “much more constructive” than a year earlier as Bitcoin and Ether remained down year over year.
In Oct. 15 commentary, Lynch described Bitcoin as having dipped below $80,000 before rebounding. He put Bitcoin’s decline from a year earlier at 25% and Ether’s at 35%.
Cumulative net inflows into U.S. spot Bitcoin ETFs reached $56.949 billion through the Friday, Oct. 16, U.S. trading session. Daily flows were mixed: the funds recorded a $261.4 million net outflow Wednesday, Oct. 14, a $5.1 million inflow Thursday, Oct. 15, and an $82.4 million outflow Friday, Oct. 16.
Eligible clients can trade Bitcoin and Ether directly through Schwab Crypto, which charges 0.75% of trade value and lists zero spread. The phased rollout of Schwab Crypto’s direct trading service began in May 2026.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.