BITCOIN SEASON 2: Larry Fink’s Bitcoin ETF Is Eating Wall Street

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 4 October 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bitcoin rallies to $121K as BlackRock's ETF cracks top 20, hash rate hits 1 zettahash milestone, mining stocks surge 624%, and ordinals show signs of life. Uptober is absolutely delivering. “Uptober” is absolutely delivering Bitcoin pushes $121K with BlackRock's iShares Bitcoin ETF breaking into the top 20 ETFs by AUM - a meteoric rise for an asset that was "a scam" according to Larry Fink just two years ago. Hashrate hits the historic 1 zettahash milestone, mining stocks see 624% gains led by AI pivots, and ordinals collections pump double digits. The gang breaks down ETF inflows, network security, and why this cycle's retail is hiding in plain sight. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Bitcoin trading at $121K, nearing ATH • BlackRock's ETF entered top 20 ETFs by AUM • Hashrate reached 1 zettahash milestone • US ETFs saw $675M single-day inflow Oct 1st • Mining stocks up 624% since June (Iris leading) • Ordinals collections up double digits on week Timestamps 00:00 Start 00:27 Pump it UP 02:08 IBIT Breaks Top 20 ETFs 09:09 Hashrate 21:18 Ordinals are SO BACK! - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media

Transcript

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0:00.0	It's October. So you know that means our tokens go up. Everything's ripping right now. Bitcoin
0:04.8	ETFs, Bitcoin hash rate. Even Bitcoin ordinals are skyrocketing right now. Bitcoin bearing down on an all-time high. Maybe it already hit by the time you are hearing these words. Welcome to October. This time we're bringing receipts. all right. All right. Okay. It's up October. It's October.
0:38.3	It's
0:52.3	For those of you don't know what October is.
0:53.3	It's in the name.
0:55.3	And Bitcoin seems to follow these scary patterns historically.
1:00.5	And, you know, past performance is not indicative of future results.
1:04.0	But it kind of keeps happening.
1:07.6	And as we are recording this, Bitcoin is tapping on, or knocking on the door of $121,000.
1:13.3	It is up a few percent over the last 24 hours. And cinnamon's good right now.
1:21.4	Oh, man. And you know what's funny is even like, I just think that two or three weeks ago,
1:26.4	Bitcoin had crashed all the way down to $107,000.
1:31.4	And people were posting screenshots on Twitter of like their friends asking them,
1:35.5	is it over?
1:36.5	Is Bitcoin going down?
1:38.2	Was crypto all a scam the whole time?
1:40.2	And the answer is, yeah, crypto probably was a scam, but not Bitcoin.
1:46.3	Bitcoin were back. And it's is, yeah, crypto probably was a scam, but not Bitcoin. Bitcoin, we're back.
1:51.6	And it's wild. Like, by all these metrics, Bitcoin is absolutely ripping everywhere.
1:59.3	And we are going to go through those. It's a bangor of a month. You can feel it. The hair on my arm is tingling because I know.
2:02.5	You just know that we're going to take another leg up.
2:06.6	You can smell those green candles burning.
	...

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