When Bitcoin prices hit new highs repeatedly, many might think this is just another round of retail frenzy. However, a closer look at the data reveals that a grand and profound financial transformation is quietly taking place. In October 2025, the management scale of the IBIT Bitcoin spot ETF, under BlackRock, one of the world's largest asset management companies, surpassed $100 billion, equivalent to more than half of the global gold ETF market. This is not just a number; it signifies Wall Street's formal embrace of Bitcoin and, in an unprecedented way, integrates decentralized digital assets into the centralized financial system. This is no longer just a simple price increase; it is the entire financial world "changing its underlying logic," with Web3 reshaping the global monetary system.
- BlackRock's $100 Billion ETF: Wall Street Officially Embraces Bitcoin
The management scale of BlackRock's IBIT Bitcoin spot ETF surpassing $100 billion is a milestone event in the institutionalization of Bitcoin.
The bridging role of ETFs: An ETF (Exchange-Traded Fund) can be understood as a "basket of assets." Buying a Bitcoin ETF means that investors can indirectly own Bitcoin without opening a crypto wallet. This provides traditional financial institutions and retail investors with a convenient and compliant channel for Bitcoin investment.
Scale effect: A management scale of $100 billion, equivalent to more than half of the global gold ETF market, indicates that Bitcoin has gained widespread recognition in mainstream financial markets.
Solving the "whale" dilemma: For a long time, there has been a "paradox" in the Bitcoin world: either maintain sovereignty (self-custody) or gain liquidity (convertibility), but not both. Many early "Bitcoin whales" (as they are called in the industry) face two awkward choices: selling incurs about 40% capital gains tax; not selling means they can only "lie in cold wallets" and do nothing. However, BlackRock's new mechanism unlocks this lock. These whales can now "transfer Bitcoin into the ETF" without being considered as "selling," which means no taxes and the ability to use this asset as collateral for loans, while still proving on-chain that this Bitcoin belongs to them.
- The "Great Reshuffle" Behind the Data: Global Financial Giants Restructuring Asset Structures
The astonishing growth of the IBIT ETF, along with other related data, reveals that global financial giants are restructuring their asset structures to incorporate Bitcoin into the mainstream financial system.
Institutional holdings: As of October 2025, the asset management scale of the IBIT ETF surpassed $100 billion; institutions and ETFs collectively hold 6% to 8% of the total Bitcoin supply.
Corporate accumulation: Corporate finance departments (such as publicly listed companies) increased their holdings by 245,000 Bitcoins in the first half of the year.
Conclusion: This indicates that it is not retail investors chasing prices, but global financial giants quietly incorporating Bitcoin into the mainstream financial system.
- Decentralization Meets Wall Street: The Foundations of the Monetary System Are Being Rewritten
We often say "Bitcoin is decentralized," meaning it does not rely on any government or bank. But now, Wall Street is doing something smarter—bringing decentralized assets into centralized systems.
Bitcoin mortgages: Previously, you needed to use a house or stocks as collateral for a loan; now you can use Bitcoin as collateral. When you borrow dollars against Bitcoin, the borrowed money will gradually depreciate due to inflation, while Bitcoin may still appreciate. Thus, wealthy individuals do not sell Bitcoin because "borrowing money is more cost-effective."
Global monetary system reconstruction: This change is not just a financial experiment. Its impact may be greater than imagined: El Salvador has adopted Bitcoin as its national legal tender; some sanctioned countries are starting to use cryptocurrencies to bypass the dollar payment system; some central banks are researching "digital reserves," and future reserve assets may no longer be limited to dollars but could include Bitcoin. This means that the foundations of the monetary system are being rewritten bit by bit.
- Two Possible Futures: Smooth Integration or Regulatory Backlash?
The future direction of this experiment may present two distinctly different scenarios:
Smooth integration (optimistic scenario): The proportion of institutional holdings continues to rise; Bitcoin prices exceed $250,000; it becomes a new collateral layer in the sovereign debt system.
Regulatory backlash (conservative scenario): Tax authorities redefine rules to consider transfers into ETFs as taxable; custodial risks and regulatory capture emerge; the self-custody "decentralized" model makes a comeback.
Regardless of the outcome, this experiment is answering a century-old question: Can mathematical scarcity coexist with the financial system?
- The Real Revolution: Not in Price, but in the System
BlackRock's $100 billion is not betting on the rise of Bitcoin prices but is paving the way for a reset of the future debt system.
Collateral replacement: They are replacing "collateral"—shifting trust from "government credit" to "mathematically proven scarcity."
Changing the underlying logic: Therefore, this is not "Bitcoin has arrived," but the entire financial world is "changing its underlying logic." The world has changed; only most people have not yet realized it.
Scarcity: The number of Bitcoins is written into the code, with a total of only 21 million. There will be no more printed, nor will it depreciate. This is precisely why it is called "digital gold."
This is not speculation but an "asset migration." Bitcoin is no longer just a game for the crypto circle—it is becoming the underlying "hard currency" of Wall Street.
Conclusion:
Behind the surge in Bitcoin is a quiet "moving" action by Wall Street giants. The success of BlackRock's $100 billion ETF not only opens the door to mainstream finance for Bitcoin but also reveals the deep logic of Web3 technology reshaping the global monetary system. This financial revolution driven by the mathematical proof of scarcity is shifting the anchor of trust from government credit to decentralized digital assets. Regardless of where the future leads, Bitcoin is no longer just a simple digital currency; it is becoming the underlying "hard currency" of Wall Street, leading global finance into a new era.
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Original text: “The Reason Behind Bitcoin's Surge Revealed: Wall Street is Moving In!”
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