Here are the top stories to know what is going on with crypto today. Crypto experts talk about a sharp market pullback triggered roughly $940 million in liquidations as Bitcoin briefly fell below $110,000, digital asset funds logged $1.43 billion in weekly outflows, the largest since March; and the U.S. securities regulator extended its review of a proposed spot XRP exchange-traded fund, setting a new October deadline. 

Bitcoin falls below $110,000 as markets record $940M in liquidations

Bitcoin dropped below $110,000 in recent trading sessions, triggering widespread liquidations across cryptocurrency markets. Data shows total liquidations reached approximately $940 million as prices declined during European morning hours.

The broader crypto market capitalization fell 4.46% to around $3.78 trillion. The CMC100 index closed at 233.59, while the Fear & Greed Index registered a reading of 43. Trading platforms recorded cascading liquidations across major digital assets as selling pressure increased.

The decline pushed Bitcoin below the $110,000 level for the first time in recent sessions. Market participants faced forced deleveraging as positions were automatically closed due to margin requirements. The selloff affected most major cryptocurrencies, with few assets avoiding the downward pressure.

Digital asset funds see $1.43B in weekly outflows

Investment funds focused on digital assets recorded $1.43 billion in net outflows during the most recent weekly reporting period. The outflows represent the largest weekly redemptions since March 2025, according to fund flow data.

Bitcoin-focused investment products accounted for approximately $1 billion of the total outflows. Ethereum products recorded around $440 million in redemptions during the same period. The data covers various investment vehicles including exchange-traded products and institutional funds.

Trading volumes for exchange-traded products reached approximately $38 billion for the week. The volume figure represents roughly 50% above the 2025 average for these products. Higher trading volumes often accompany periods of increased market volatility and investor repositioning.

The outflows occurred across multiple fund providers and product types. Institutional investors withdrew funds from Bitcoin products at a faster rate than Ethereum products during the reporting period. The redemption activity suggests institutional investors reduced their exposure to digital assets during the week.

SEC extends review period for XRP ETF application

The Securities and Exchange Commission extended its review timeline for WisdomTree’s proposed XRP exchange-traded fund application. The regulator set October 24, 2025 as the new decision deadline for the spot XRP ETF proposal.

The extension represents standard regulatory procedure for complex financial product applications. The SEC can extend review periods up to statutory limits while conducting its analysis. The October deadline applies specifically to the WisdomTree application among several crypto-related ETF proposals under review.

The regulator filed extension notices for multiple cryptocurrency-related investment product applications. Each extension pushes potential approval or denial decisions to later dates while maintaining the applications in active review status. The extensions do not indicate the likely outcome of the regulatory review process.

WisdomTree submitted its XRP ETF application seeking approval to offer U.S. investors exposure to XRP through a traditional exchange-traded fund structure. The proposed fund would track XRP prices and allow trading on major U.S. stock exchanges.

No spot XRP exchange-traded funds currently trade on U.S. exchanges. The regulatory approval process for cryptocurrency ETFs involves multiple review stages and public comment periods. The SEC has previously approved Bitcoin and Ethereum spot ETFs while maintaining review processes for other digital asset products.