BlackRock Files For Bitcoin ETF 🪨

GM. This is Degen Scoop. It’s Friday and yesterday saw some major NFT sales:

• BlackRock Files For Bitcoin ETF 🪨

• The Secret Story of Prometheum 🤫

• 3AC Auction Part 2 Sees Millions in Sales 🏹

• Whale Moves 🐋

• Threads You CAN’T Miss 🧵

TradFi Titan BlackRock Files To Start A Bitcoin ETF

You may be thinking to yourself: “I’ve heard this story before about a Bitcoin ETF.” Well you’re not entirely wrong. The SEC has denied Bitcoin ETFs before but what is special about this is that BlackRock is a titan with $10T AUM. Yes, the trillion is not a typo. That is nearly half the US GDP it has under its watch.

The iShares Bitcoin Trust would hold Bitcoin through a custodian who is none other than Coinbase.

It seems that BlackRock is unfazed by the SEC lawsuit against Coinbase which is arguably long-term bullish for $COIN, but only time will tell. It will be difficult for Gary to deny BlackRock as they are the largest asset manager in the world. CEO Larry Fink recognizes that there is money to be made in offering this ETF and will do what needs to be done in order to offer it.

The Shadowy Story of Prometheum

For those that don’t read Crypto Twitter every day, I can’t say I blame you. That being said, there are gems hiding out there if you know where to look. This developing story surrounding Prometheum is one of the more interesting to come to light during the bear. The original release will be linked below:

Clearly there are shady dealings occurring behind closed doors for things like this to transpire. It’s very curious as to how this previously unknown organization was able to secure a SPBD for digital securities while not a single other entity has been able to do the same. The story has been brought out into the spotlight and will hopefully bring a degree of clarity.

The 3AC NFT Auction Part Two Sees Millions in Sales

While we cover the two largest sales in ‘Whale Moves,’ it would be a disservice to not talk about this event. Sotheby’s was the institution that facilitated this auction that saw numerous NFTs sell for 6 figures. The largest sale yesterday was ‘The Goose’ which sold for $5.4M, just below its previous acquisition price.

The collector that snagged ‘The Goose’ is believed to be @punk6529, a legendary NFT collector and KOL in the NFT space. To see all sales and respective prices, we recommend this Twitter thread:

Notable NFT Sales in the Last 24 Hours:

Notable Threads You May Have Missed:

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Conclusion

Touch grass, hit the gym, and don’t forget about what’s really important outside of magical internet coins.

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DISCLAIMER: This newsletter does not constitute financial advice. This is strictly educational and should not be used to make any financial decisions. Be responsible and do proper due diligence before aping.