October has historically been Bitcoin’s strongest month, with traders creating the term “Uptober”, and so far this October is living up to the hype. Just four days in and Bitcoin is sitting at $122k, up 11% in a week following a stagnant September. This leaves BTC just $2k shy of its all-time high set in August.
The bullish momentum is being helped by new ETF developments, with everything from Bitcoin to Cronos making the headlines for fresh developments. Regarding Bitcoin, ETF expert Eric Balchunas concluded that “ETFs are no joke” after BlackRock’s IBIT surpassed Debtrit as the top venue for options traders to speculate on Bitcoin.
The same IBIT ETF recorded $791 million in capital inflows on Friday, bringing its total assets under management to $62 billion and positioning it among the top 20 ETFs by assets under management.
Meanwhile, the broader crypto ETF market also shows increased activity, with over two dozen new filings on Friday. This level of both demand and development highlights the significant role ETFs are playing in the crypto sector, potentially opening up lucrative trading opportunities in the months ahead for investors who anticipate where liquidity will flow next.
So what is the best crypto to buy now as ETF momentum builds? To answer that, it’s first important to understand what’s driving the current wave of institutional adoption and then consider which cryptos are best-positioned to attract liquidity.
“Things are Getting Wild” on the ETF Front
Crypto ETF momentum is surging rapidly amid a friendlier regulatory environment introduced by President Trump. Dubai-based exchange Debrit has long been the preferred venue for Bitcoin options trading since its launch in 2016; however, the IBIT ETF, introduced in 2024, has quickly surpassed it.
Analyst Eric Balchunas says that this proves “ETFs are no joke” and that “fat crypto margins are in trouble.”
The IBIT ETF also continues to lead the Bitcoin market in assets under management, with $791 million in inflows on Friday alone. The second largest inflows on Friday came from Fidelity’s FBTC, totalling $69.6 million. In a separate post on X, Balchunas noted that IBIT is now among the top 20 ETFs by assets for the first time, and he also predicted it could reach the top 10 ETFs by December 2026.
But ETF momentum isn’t limited to Bitcoin – in fact, this is only where it begins. There are 16 spot altcoin ETFs with approval deadlines in October, earning it the nickname “ETF month.” This trend continues to prevail, with numerous crypto-related ETFs being filed on Friday.REX Shares and Osprey Funds filed prospectuses for 21 ETFs, covering assets from LINK and Aave to Litecoin, some of which included staking features. Defiance ETFs LLC also submitted filings with the SEC for leveraged crypto funds, as well as funds related to stocks.
“Things are getting wild,” commented Bloomberg analyst James Seyffart in a post on X on Friday, reacting to the surge in applications. All of this comes after the SEC amended its listing rules last month, establishing a standardized approval process that’s expected to speed up the launch of crypto ETFs, as requested by three top crypto exchanges.
On multiple fronts, the crypto ETF sector is reaching new heights – Bitcoin is proving itself as one of the strongest ETFs in the world, while issuers are leveraging this credibility to introduce a broader range of altcoin ETFs to market.
With that in mind, excitement is building, and the potential for crypto market liquidity inflows is rising. So let’s take a look at three cryptocurrencies that could benefit from this news.
Bitcoin Hyper
Eric Balchunas speculates that another $50 billion from ETFs could flow into Bitcoin by December 2026, which would likely have a profound impact on its price. As institutional liquidity enters the Bitcoin market, significant opportunities will also arise to profit through Bitcoin-related projects, such as Bitcoin Hyper.
It’s building the world’s first Bitcoin Layer 2 blockchain powered by ZK-rollups, aiming to bring speed and programmability to an ecosystem that has traditionally lacked those things.
The project will operate alongside Bitcoin, connected via a trustless canonical bridge and periodically reporting its state to the L1 with ZK-proofs. It uses the Solana Virtual Machine for execution, unlocking smart contract support and enabling it to handle thousands of transactions per second.
Bitcoin Hyper is currently in a presale, which makes it an even more attractive opportunity. The presale has already raised over $21 million, including a remarkable $1 million in inflows on Friday alone.
Its presale success reflects strong market appeal and suggests potential for significant gains once HYPER hits the open market. Visit Bitcoin Hyper.
Solana
Solana’s first spot ETF went live in July under the so-called “Act 40” rule, an innovative workaround that Rex Shares and Osprey use to speed up the approval process. However, it comes with limitations compared to the traditional Act 33, which meant it didn’t attract the same level of institutional involvement and liquidity.
That said, of the 16 ETF deadlines in October, six of the first nine are for Solana Act 33 ETFs, scheduled between October 10 and 16. This suggests that next week, Solana could have live ETFs similar to those of Bitcoin and Ethereum, potentially paving the way for strong capital inflows and price increases.
It’s also notable that Solana exchange-traded products (ETPs) just surpassed $500 million in AUM on Friday, while CME futures open interest hit a record of $2.16 billion, highlighting institutional accumulation and signaling potential for significant inflows once the Act 33 ETFs get approval.
Best Wallet Token
With so much happening in the crypto ETF world, it can be challenging to know where to allocate your funds. That’s why Best Wallet Token could be a good choice – it’s a multichain crypto wallet app designed to make the on-chain user experience much easier. This setup provides exposure to multiple ecosystems, and so BEST could benefit from several ETF narratives.
The project supports Bitcoin, Ethereum, Solana, Cardano, XRP, and many other blockchains. It features a built-in cross-chain DEX that enables users to swap assets seamlessly between networks without needing a centralized exchange.
Other key features include a presale aggregator, a staking aggregator, a futures trading platform, and even a crypto debit card. Best Wallet’s user experience aims to surpass anything else on the market, and that could attract millions of users from all over the industry.
The operation is backed by the BEST token, which offers trading fee discounts, higher staking yields, governance rights, and access to promotions on partner projects. BEST is currently available for purchase through a presale that has already raised an impressive $16.2 million, showing strong demand from early investors. Visit Best Wallet Token.