4 ms·

From a Slack of market observers I frequent: "Right now, someone is explaining to the BlackRock board, 'you got rugged, it happens all the time in crypto.' "

• AustinDev 3y ago
  It'd be funny if it wasn't a $45k to $45.7k change for a +$700 delta.
  • cempaka 3y ago
    I have a hard time seeing the SEC not delaying until at least March after that fiasco (or even pushing back against the tweet itself if they were intending to approve anyway), but I guess tomorrow will tell the tale. It's fees BlackRock cares about, not the Bitcoin price.
    • AustinDev 3y ago
      If fees are all they care about they make money anyway. No idea how that constitutes them being Rugged.
      • cempaka 3y ago
        They don't make anything if the ETF doesn't get SEC approval.
• paulpauper 3y ago
  Blackrock is huge. This is a rounding error to it. The people who got rugged were retail who bought into the hype since October.
  • disruptalot 3y ago
    You may be misreading the effects - Bitcoin is trading above what it traded yesterday, and 50% higher than october.