According to data on Opensea, WhiteRock is the number 1 collection, leading BlackRock, but BlackRock currently has a floor price that is 10 times higher (0.2 ETH compared to 0.01 ETH) and almost 6 times the volume. (9.7 ETH vs 1.7 ETH).
Ranking of trending NFT collections. Source: Open Sea
This boom is largely attributed to financial services company BlackRock filing for a spot Bitcoin ETF with the US Securities and Exchange Commission (SEC) on June 15.
The Securities and Exchange Commission (SEC) has rejected any application to set up a spot Bitcoin ETF. However, in the case of Blackrock, the SEC approval rate for a Bitcoin ETF application is relatively high this time due to careful preparation. Blackrock’s ETF application could serve as a key event in crypto 2023 and possibly beyond.
Not only does this event help keep the “rock” themes trending on NFT collections, but it also offers a lot of optimism for companies that also offer wealth management services in the traditionally dynamic market to enter the promising Bitcoin market.
In less than a week, a range of major funds such as Fidelity, Citadel, Charles Schwab, Deutsche Bank, MasterCard, WisdomTree,… have all filed to open a spot Bitcoin ETF with the SEC and have ensured that the price of BTC has risen continuously since $26,000 to $30,200 in just 2 days, BTC price is up more than 20% this week.
7 days BTC price chart. Source: CoinMarketCap
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