Bitcoin News Today: BTG Pactual Backs 5 Cryptos as Institutional Demand and Real-World Use Cases Drive 'Uptober' Optimism

Brazil's BTG Pactual, the country's largest investment bank, has identified five cryptocurrencies it believes are well-positioned for gains in October, a period it refers to as "Uptober." The selections, outlined in a report by the bank's crypto platform Mynt, highlight Bitcoin (BTC), Ether (ETH), Solana (SOL), Avalanche (AVAX), and Sky Protocol (SKY). The bank attributes the picks to growing institutional demand, robust on-chain activity, and real-world use cases, signaling optimism as U.S. interest rates ease and anticipation builds for new crypto ETFs Here Are 5 Token Picks for 'Uptober', According to BTG's Crypto …^[1].

Bitcoin remains a cornerstone of institutional portfolios, with over $3.5 billion flowing into spot ETFs in September alone. Corporate treasuries added 43,000 BTC, valued at over $5 billion, underscoring its role as a stable, long-term asset. Mynt emphasizes Bitcoin's liquidity, network security, and widespread adoption beyond retail investors, positioning it as a foundational holding Brazil's Top Investment Bank Reveals 5 Must-Have Crypto Tokens …^[2].

Ether continues to dominate in on-chain finance, with its network processing the majority of stablecoin volume and hosting real-world asset tokenization projects. U.S. spot ETFs added $11.3 billion in ETH over six months, while corporate treasuries acquired 816,000 ETH in September. The report notes sustained institutional appetite, driven by Ethereum's infrastructure and scalability Here Are 5 Token Picks for 'Uptober', According to BTG's Crypto …^[1].

Solana's appeal lies in its high-speed, low-cost infrastructure. The network processed over $100 billion in decentralized exchange (DEX) volume for three consecutive months, with total value locked surpassing $30 billion for the first time. Analysts highlight potential gains from upcoming spot SOL ETFs, which could amplify institutional flows and visibility Brazil's Top Investment Bank Reveals 5 Must-Have Crypto Tokens …^[2].

Avalanche's subnet architecture enables enterprises to deploy custom blockchains, boosting real-world use cases. Daily transactions increased by 46%, and stablecoin transfers rose by 421% in the last quarter. The report underscores Avalanche's innovation in decentralized finance (DeFi) and its potential to attract institutional interest Here Are 5 Token Picks for 'Uptober', According to BTG's Crypto …^[1].

Sky Protocol, the rebranded MakerDAO, is highlighted for its stablecoin (USDS) with a $8 billion circulating supply and a 4.75% Sky Savings Rate. A $77 million token buyback program further enhances its value proposition, positioning SKY as a revenue-generating DeFi token with long-term potential Brazil's Top Investment Bank Reveals 5 Must-Have Crypto Tokens …^[2].

BTG Pactual's picks reflect broader confidence in the crypto market, particularly as regulatory clarity and institutional adoption accelerate. The report suggests that Brazil's growing crypto ecosystem, coupled with global macroeconomic shifts, creates a favorable environment for strategic investments in October. However, analysts caution that volatility and regulatory developments remain critical factors for investors Here Are 5 Token Picks for 'Uptober', According to BTG's Crypto …^[1].