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ETFINALLY

The Crypto Catch-Up…

Snacks / Friday, January 12, 2024

🤖 Techy… Spot bitcoin ETFs began trading yesterday, after a decade-long push by the crypto industry (and years of opposition from regulators). BTC enthusiasts hope the seal of approval will draw in institutional and retail investors.

🌶️ Spicy… X axed NFT profile pics, stripping paid subscribers of the ability to link NFTs to their pages. As the biz’s ad revenue plummets, Elon Musk has said he wants to turn X into the “everything app” — everything but NFTs.

🪙 Coins… Solana meme coin bonk’s price has sunk as much as 70% after a wild Q4 that saw it pop 1,000% (other solana tokens also plunged). In December, the blockchain’s NFT sales volumes topped ethereum for the first time.

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