Bitcoin News Today: Brazil's Institutional Crypto Push: 5 Tokens Poised for Uptober Growth


BTG Pactual, Brazil's largest investment bank, has identified five cryptocurrencies as strategic picks for "Uptober," a period of anticipated market optimism driven by easing U.S. monetary policy and rising institutional demand. The bank's crypto arm, Mynt, highlighted BitcoinBTC-- (BTC), EthereumETH-- (ETH), SolanaSOL-- (SOL), AvalancheAVAX-- (AVAX), and Sky Protocol (SKY) as tokens poised for growth in October 2025, citing robust on-chain activity, institutional adoption, and real-world utility as key drivers[9]. This move aligns with broader trends in Brazil's crypto market, where net inflows into crypto funds have surged to record levels amid expectations of a U.S. Federal Reserve rate cut[1].
The selection underscores Bitcoin's dominance as a long-term institutional anchor, with over $3.5 billion flowing into U.S. spot Bitcoin ETFs in September 2025 alone[9]. Corporate treasuries added 43,000 BTC to their reserves during the same period, reflecting confidence in the asset's liquidity and network security. Ethereum, meanwhile, continues to solidify its role in on-chain finance, with U.S. spot ETFs injecting $11.3 billion in ETH and corporate treasuries acquiring 816,000 ETH in September[9]. Mynt's report notes that Ethereum's infrastructure supports the majority of stablecoin volume and tokenization projects, reinforcing its institutional appeal.
Solana and Avalanche are highlighted for their scalability and real-world applications. Solana's network processed $100 billion in decentralized exchange (DEX) volume over three consecutive months, while its total value locked (TVL) surpassed $30 billion for the first time[9]. Avalanche's subnet architecture has driven a 46% quarter-over-quarter increase in daily transactions and a 421% surge in stablecoin transfers, making it a compelling choice for enterprises seeking customizable blockchain solutions[9]. The report also points to growing institutional demand for Solana, fueled by anticipation of new spot ETFs that could further amplify inflows[9].
Sky Protocol, the rebranded MakerDAO platform, rounds out the list. Its stablecoin, USDS, has a circulating supply of nearly $8 billion, and the Sky Savings Rate currently offers a 4.75% variable return[9]. The token's buyback program, which has deployed $77 million, positions it as a revenue-generating DeFi asset with long-term potential. Mynt's analysis emphasizes Sky Protocol's role in bridging traditional finance and decentralized systems, particularly in emerging markets like Brazil[9].
Brazil's crypto ecosystem has been a global leader in innovation, with the country launching the world's first XRP ETF in 2024 and pioneering hybrid Bitcoin-gold ETFs in 2025[4]. Net inflows into Brazilian crypto funds reached R$28.8 million in late September 2025, reflecting renewed optimism ahead of the Fed's rate decision[1]. The nation's 22 crypto-linked ETFs on the B3 stock exchange manage over R$5 billion in assets, with daily trading volumes averaging R$50 million[4]. These developments highlight Brazil's regulatory maturity and institutional infrastructure, which have attracted international attention and positioned it as a regional hub for crypto adoption[10].
The five-token strategy aligns with broader market dynamics. U.S. spot Bitcoin ETFs recorded $675.8 million in net inflows on October 1, 2025, led by BlackRock's IBIT ($405.5 million) and Fidelity's FBTC ($179.3 million)[7]. Ethereum ETFs also saw $359.73 million in inflows, with BlackRock's ETHA leading the charge[8]. Analysts attribute the surge to macroeconomic uncertainty, regulatory clarity, and the growing accessibility of crypto assets through ETFs[6]. As Brazil's market continues to mature, its regulatory framework and investor base are expected to play a pivotal role in shaping global crypto trends[10].
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