The market has never lacked consecutive heavy-hitting moves.

Just after discussing that $10 million exercise of a $20 billion options order and the rumors about the Fed Chair succession, today a string of major news broke out.

Vanguard has made a move—the $11 trillion giant has officially listed BlackRock’s spot Bitcoin ETF, with trading channels opening today. At the same time, BlackRock’s Bitcoin ETF surpassed $1.8 billion in trading volume within just two hours of the opening, showing the intensity of the capital inflow.

On the regulatory front, there’s also relaxation. Federal Reserve Vice Chair Bowman stated clearly at a House hearing that new regulatory frameworks will be established for banks and stablecoin businesses. More directly, the Fed has officially stopped quantitative tightening (QT), and liquidity expectations are starting to shift. Over at the SEC, the new chairman Paul Atkins bluntly announced: the innovative exemption clause for crypto companies will be implemented as early as January.

Traditional financial institutions are also changing their stance. A well-known bank recently began recommending clients allocate 4% of their portfolios to Bitcoin and related digital assets—a recommendation that would have been unthinkable two years ago.

CZ recently predicted that new highs will keep emerging, though the timing is uncertain. On another note, the $38.3 trillion “crisis” mentioned by Elon Musk is widely seen in the market as a potential catalyst for the next Bitcoin rally.

The pace of bullish news is indeed fast, but whether it can be realized still depends on how the chips move in the coming days.