Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
The total assets under management for digital products traded on exchanges and over the counter jumped 6.74% to $31.7 billion in October, the first monthly increase since July, according to benchmark administrator CCData.early next year. AUM represents the total value of all the assets a financial institution manages on behalf of its clients.
"These events, among others, have ignited investor sentiment and raised hopes for the imminent approval of the first spot Bitcoin ETF," CCData added.
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