Bitcoin | Institutional managers bought $2B worth of Bitcoin in October

October was a record-breaking month for BTC funds, thanks to the approval of two futures-linked ETFs in the United States.

Institutional inflows into Bitcoin (BTC) products picked up sharply in October, underscoring renewed bullish sentiment surrounding the flagship cryptocurrency.

Crypto investment products saw inflows totaling $288 million for the week ending Oct. 31, with Bitcoin accounting for $269 million, according to CoinShares’ weekly flows report.