Bitcoin ETF Inflows Soar to $2.7 Billion in ‘Uptober’, Driven by Institutional Demand

Bitcoin ETFs saw a notable surge in investor interest during “Uptober,” with inflows reaching $2.71 billion in the past week alone, driven largely by institutional investors seeking to capitalize on market momentum. This increase reflects growing confidence in digital assets amidst ongoing geopolitical and macroeconomic uncertainties. 30 new crypto ETF applications have been filed with the SEC this month, indicating a potential for further expansion of the industry.