The David Lin Report · Wednesday, September 9, 2026
Richard Teng, co-CEO of Binance, stated that the demand for Bitcoin remains strong and its long-term prospects are "extremely bullish." He noted that August saw renewed ETF inflows totaling $3.5 billion, a significant increase from July's $172 million, and a rise in crypto allocation within combined crypto and equity holdings from 64% to 70%.
“I believe that the the demand is still very strong. The long-term prospects are extremely bullish in my view.”
“August ETF inflow reached $3.5 billion that you saw on that front. And that's up significantly from July. July was 172 million, right? And it's the strongest inflow month since October of last year, which as all of you know, is the all-time high.”
“And in August, crypto shares of combined holdings rose from 64% to about 70%. So you can see increase crypto allocation in August as well.”