Digital assets outperformed global markets in October, driven by futures-based bitcoin ETF approvals in the U.S.and concerns about inflation, which topped 5% for four consecutive months from July through October. The U.S. Securities and Exchange Commission (the “SEC”) approved the launch of three futures-based bitcoin ETFs, including the ProShares Bitcoin Strategy ETF.

It debuted as the fastest ETF to reach $1B in AUM, achieved in two days.