BlackRock Bitcoin ETF Nears $100 Billion Milestone - Market Reshuffle Imminent

Wall Street's crypto embrace hits unprecedented scale as traditional finance giants pivot hard toward digital assets.

The Institutional Floodgate

BlackRock's Bitcoin ETF dominance signals mainstream acceptance reaching critical mass - forcing legacy financial players to either adapt or get left behind in the digital gold rush.

Market Transformation Accelerates

With $100 billion in sight, the ETF's explosive growth demonstrates how quickly institutional capital can reshape an entire asset class - while traditional bankers still debate whether crypto is 'real.'

Financial evolution doesn't wait for permission - it just leaves skeptics counting their paper losses while digital pioneers stack the future.

Richard Teng, the CEO of the leading crypto exchange Binance, has recently made a strong statement in favour of Bitcoin ($BTC). He has declared Bitcoin ($BTC) the “digital gold” of this era, amid the leading crypto asset’s continuous spike to new all-time high price levels. He made this statement on X, reaffirming the crucial role of Bitcoin ($BTC) in the financial market. Simultaneously, Bitcoin ($BTC) is experiencing a broad-scale institutional interest driven by a new ATH of $126,198.07.

#Bitcoin is the digital Gold of our era.

Binance CEO Declares Bitcoin ‘Digital Gold’ Amid Continuous ATH Streak

Richard Teng’s bullish statement regarding Bitcoin ($BTC) comes at a time when the top cryptocurrency is enjoying a continuous upward trajectory. In this respect, on October 5, it surged past the $125K mark to replace the previous ATH of $124K. Following that, on October 6, it claimed the latest all-time high spot of $126,198.07. This continuous upward trajectory is driving the inclusion of institutional capital, strengthening its position as the digital gold.

$BTC’s Momentum Builds with Monthly Gains Displaying 8.5% Growth

Binance CEO’s bullish stance on Bitcoin ($BTC), the on-chain statistics highlight a rising price momentum. Particularly, over the past month, Bitcoin has recorded a staggering 8.51% upsurge. Additionally, its weekly performance indicates a 4.56% increase. Moreover, the 24-hour volume of the flagship crypto coin shows a 19.6% rise, accounting for $80.63B.

Although, everything seems bullish at the moment, there is a bearish speculation as well. It has been observed historically that when the majority of the traders is bullish, the market makes a correction. So, it is better to keep this in mind too in order to prepare for any type of situation.