Notably, the correction also triggered around $20 billion worth of liquidations from crypto traders holding leveraged positions in the market.
At the same time, the sharp downturn wiped 7% off crypto investments’ total assets under management (AUM), cutting them to $242 billion.
Yet, the same announcement also fueled a record trading frenzy.
According to CoinShares, crypto ETPs’ daily volumes peaked at $15.3 billion during Friday’s trading sessions. This helped push the total weekly volumes across these products to $53 billion, which is double the average for this year.
These numbers highlighted a growing trend: investors are increasingly turning to regulated crypto funds as a hedge against short-term volatility. This positioning has persisted throughout the year, with total inflows now exceeding $48.7 billion in 2025.
According to CoinShares, this milestone came despite Bitcoin’s modest flows of $390,000 on Oct. 10, which contrasted sharply with the fact that BTC saw its highest daily volume ever recorded, $10.4 billion, on the same day.
On the other hand, Ethereum, the second-largest crypto asset, lagged behind, posting $338 million in inflows after $172 million in withdrawals during the Oct. 10 sell-off.
Still, ETH’s total flows for the year now stand at approximately $14 billion, while its assets under management hover around $36 billion.
Despite expectations surrounding their upcoming ETF approvals, investor enthusiasm for these products appears to have cooled.
This suggests that investors’ capital is consolidating around Bitcoin as risk appetite fades.
