Amid the excitement of Bitcoin’s new Runes protocol, Blackrock’s exchange-traded fund (ETF) wallets now contain over $20,000 worth of RSIC•GENESIS•RUNE tokens.
Blackrock's Bitcoin ETF Wallets Hold Over $20,000 in Runes Tokens, Arkham Data Shows
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Blackrock’s IBIT Benefits From Airdropped Runes Tokens
On Thursday, Arkham, an onchain intelligence firm, revealed on social media platform X that two of Blackrock‘s IBIT bitcoin addresses possess tokens based on the Runes protocol. The value of these specific coins exceeds $20,000 at the present exchange rates.
“Bet you didn’t know: Blackrock has received [greater than] $20,000 in Runes token airdrops across 2 of their ETF wallets,” Arkham said. At the start of the week, Blackrock received airdrops [totaling] 1,887,240 RSIC•GENESIS•RUNE token, a Rune that was inscribed in the block of the halving by [Rune Coin].”
Currently, the RSIC token is priced at 16.2 satoshis or $0.01 per coin, according to Okx’s marketplace. With this valuation, RSIC’s total market capitalization stands at approximately $220.14 million. Arkham noted that Blackrock’s wallets unintentionally held four Ordinal inscriptions, also recognized as RSIC, resulting in the tokens being airdropped to the ETF’s addresses.
“The RSIC inscriptions themselves had come from a Coinbase Prime Hot Wallet, and were originally airdropped to Swissborg, for (also unintentionally) having other Ordinal collections in their holdings wallets,” Arkham further noted.
This development follows on the heels of Ark Invest’s ARKB ETF, which was found to be in possession of a ‘ Bitcoin Puppet’ NFT. Bitcoin.com News further reported that Blackrock also held a “Speculum Aeternum” Ordinal inscription, valued at $2,565.75 on April 25, 2024.
What do you think about the fact that Blackrock’s ETF addresses hold Runes-based tokens? Let us know what you think about this subject in the comments section below.
