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# Institutional managers acquire $2B worth of Bitcoin in October
- URL: https://btcpeers.com/institutional-managers-acquire-2b-worth-of-bitcoin-in-october-2/
- Published: 2021-11-02T22:02:53.000Z
- Updated: 2023-09-24T15:38:09.000Z
- Author: John Williams
- Tags: News, #saudu, #Import 2025-12-27 14:07

October was a record-breaking month for Bitcoin funds, as institutional inflows into BTC products picked up sharply within the month.

Throughout October, Bitcoin funds generated $2 billion in inflows, bringing the year-to-date total to about $6.4 billion. Ether (ETH) funds, on the other hand, have raked in $1.05 billion since the year began. When accounting for all [crypto](https://btcpeers.com/what-is-the-best-cryptocurrency-to-invest-in/) assets, 2021 inflows reached $8.7 billion last week, a 30% increase from all of last year.

For the week ending Oct. 31, crypto investment products raked in a whopping $288 million. Bitcoin accounts for the majority of that figure, with a total of $269 million, according to CoinShares’ weekly flows report.

The renewed bullish sentiment around the flagship cryptocurrency has caused a rise in the institutional demand for BTC over the past few months, amid expectations that the United States Securities and Exchange Commission (SEC) would approve its first Bitcoin exchange-traded fund.

Those expectations were fueled further when two Bitcoin-linked products hit the market last month. The ProShares Bitcoin Strategy ETF became the fastest fund to generate $1 billion in assets under management within the first two days of its launch. According to CoinShares, inflows into U.S.-based Bitcoin ETFs totaled only $53 million for the past week, unlike the previous record-breaking week.