Crypto Market Roundup: ETF Outflows and Onchain Finance
Chang.K·Nov 8, 2026·3 min read
Bitcoin ETFs lose $1.28 billion as Schroders expands onchain, BVNK adds OUSD access and U.S. agencies announce a Travel Rule proposal withdrawal.
U.S. spot Bitcoin ETFs recorded about $1.28 billion in net outflows last week, while new announcements broadened the ways businesses and investors can use onchain finance. Schroders' emerging-market debt strategy reached Solana through Centrifuge, BVNK announced Open USD support, and U.S. agencies announced the withdrawal of proposed transfer-data rules. Each development affects a different part of the market: fund flows, investment access, payments or compliance.
Bitcoin ETFs Lose $1.28B Over the Week
U.S. spot Bitcoin ETFs lost about $1.28 billion across last week's five trading sessions. Four sessions recorded net withdrawals, with the only positive session attracting about $75 million. BlackRock's IBIT posted roughly $1.21 billion in weekly outflows. The final two sessions together saw about $842 million leave the funds. These figures describe ETF flows; they do not measure total selling across the Bitcoin market.
Schroders' Bond Strategy Reaches Solana
Centrifuge introduced tokenized exposure to the Schroder International Selection Fund Emerging Market Bond strategy on Solana. The launch marks Schroders' first deployment on the network and extends the onchain investment menu beyond cash-management products. Investors gain exposure to an actively managed emerging-market debt strategy. Tokenization changes how that exposure is distributed, while the underlying borrowers and bond markets continue to determine its investment risks.
BVNK Adds Open USD Access for Businesses
BVNK announced that Open USD, or OUSD, is available to eligible business customers outside the European Economic Area. Customers can mint and redeem the stablecoin at a 1:1 conversion rate against dollar balances, alongside holding and transfer functions. Access includes direct treasury operations, embedded payment products and wholesale minting and redemption for exchanges, OTC desks and market makers. Product and jurisdictional eligibility still govern access.
U.S. Agencies Announce Travel Rule Proposal Withdrawal
FinCEN and the Federal Reserve announced that they are withdrawing proposed Recordkeeping and Travel Rule amendments. The proposal would have lowered covered cross-border transfer-data thresholds from $3,000 to $250 and revised definitions addressing convertible virtual currencies. The withdrawal removes that pending proposal, rather than repealing existing obligations. The agencies said similar future amendments would require another opportunity for public comment, leaving further rulemaking possible.
