Unofficial BlackRock ‘EtherRock’ NFTs Net $750,000 in Trading Volume

It has been just reported that the unofficial BlackRock NFTs net is $750k in trading volume. Check our the latest reports about this below.

A new NFT collection called BlackRock, which combines the concept of EtherRock with the branding of investment giant BlackRock, has already accumulated a total trading volume of 398 ETH or $749,000.

This follows BlackRock’s recent filing for a Bitcoin ETF, although the investment firm has no association with the NFT project, as stated in the collection’s OpenSea profile. EtherRock initially launched in 2017 as a collection of 100 rocks. During the NFT frenzy, prices for its NFTs soared as high as $1.8 million.

The BlackRock meme collection has 999 individual NFTs that are selling at a floor price of 0.245 ETH, which is worth about $462 as of publication time. The collection sold out on June 21, 2023. This recent activity caused it to be trending on OpenSea.

“The creator of the BlackRock NFT collection appears to have kept ownership of 100 of the NFTs, or 10% of the collection. So far they have not put these NFTs for sale or accepted any offers on them,” The Block online publication notes.

BlackRock’s filing a Bitcoin ETF with the U.S. Securities and Exchange Commission on June 15 has an immediate impact on the crypto market.

According to the same online publication mentioned above, it has been reported that The Grayscale Bitcoin Investment Trust spiked 400% in the days after, and Bitcoin’s price rallied above $30,000 — surpassing this threshold for the first time since April.

According to economist and crypto trader Alex Krüger, the recent filing for a Bitcoin (BTC) exchange-traded fund (ETF) by BlackRock presents a highly favorable opportunity for investors to enter the market.

BlackRock, the world’s largest asset manager, submitted the application for a spot Bitcoin ETF to the U.S. Securities and Exchange Commission (SEC) last Thursday.

Despite the significant news, Krüger notes that many traders have overlooked this development. He expresses confidence in his “gut feeling” that the SEC will approve BlackRock’s application in 2024.