Bitcoin Split Day: China Crackdown, BlackRock ETF Boom

China Reiterates Crypto Ban as BlackRock Reports Massive ETF Success

 

November 29, 2025 – The global cryptocurrency landscape was marked by starkly contrasting developments today, as regulatory crackdowns in the East met with unprecedented institutional success in the West.

 

🇨🇳 China Doubles Down on Crypto Stance

Chinese authorities have issued a fresh statement,forcefully reiterating that cryptocurrencies like Bitcoin have no legal status and cannot be used in the market. The announcement ordered stricter enforcement measures to curb what it described as “rising speculation,” signaling a continued hardline approach against the digital asset sector.

 

🇺🇸 BitMEX Founder: “The Bitcoin Bottom Is In”

Amid the news from China,a prominent voice in the industry offered a highly bullish technical outlook. Arthur Hayes, the co-founder of BitMEX, stated his belief that the bottom for Bitcoin is firmly in place. He attributed this potential market floor to impending monetary policy from the U.S. Federal Reserve, suggesting that a new cycle of money printing is on the horizon, which would traditionally benefit scarce assets like Bitcoin.

 

🇺🇸 BlackRock’s Bitcoin ETF Becomes a Revenue Juggernaut

In a landmark disclosure,asset management giant BlackRock announced that its spot Bitcoin Exchange-Traded Fund (ETF) has become a top-tier source of revenue for the firm. This revelation underscores the overwhelming success and massive investor demand for regulated crypto products in the United States, solidifying Bitcoin’s role in the mainstream financial system.

 

The day’s events highlight the ongoing tension between crypto’s adoption in traditional finance and the persistent regulatory challenges it faces globally.

 

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