BlackRock's ETF Move

Will BlackRock Reshape the Crypto Terrain?

Author

Jungle Degen
December 15, 2023

Greetings Crypto Explorers! 🌴🦜

Dive into the wilds with this edition of Jungle Tales, where we spotlight BlackRock's game-changing play in the Bitcoin ETF jungle that's got the whole ecosystem buzzing with anticipation. If the SEC gives the green light, we're potentially looking at a transformative March for our crypto habitat. We'll also glance at other hot topics like Google's ad policy shift, Bitcoin's price movements, and more, but let's get ready to rumble with our main event first. Stay Wild and read on!

As always… Stay Wild! 🌿🦁🚀.

🦍 The Big Jungle Roar

This week's monumental event that shook the crypto-jungle. Roar with us!

BlackRock revises spot Bitcoin ETF to enable easier access for banks

cointelegraph.com/news/blackrock-bitcoin-etf-model-revised-easy-bank-access

Big moves over at BlackRock – they're shaking up the Bitcoin ETF scene! They've tweaked their application so now even the big Wall Street gorillas like JPMorgan and Goldman Sachs can swing in without directly holding Bitcoin. 🏦

Here's the wild part: Banks can use cash to create new shares, passing the crypto hunt to a broker-dealer who'll snag the Bitcoin for them. Coinbase Custody gets to guard the stash. This clever switcheroo puts less risk on the banks and more on the market makers. Crafty, right?

What does this mean for our jungle? If the SEC gives it a thumbs-up, we could see a whole new breed of Bitcoin ETFs by March 15, changing the game for our trillion-dollar treehouse. And hey, BlackRock says this could lower costs and give us better protection from market mischief. 🚀

The countdown is on – SEC's decision could pop out as soon as Jan 5-10. Keep your binoculars peeled, 'cause this could be a record-smashing season in our crypto jungle! 🌿

📈 More on the ETF race:

🦁 King of the Crypto Jungle

Unleashing the top beasts of this week's crypto news. Beware, it's a wild ride!

🐒 Meme Monkeys

Hopping onto the funniest and savviest crypto memes that swung through the jungle this week.

🦜 Jungle Mystery of the Week

Can you solve our crypto-themed riddle? The answer lies hidden deep within the jungle. Share your guesses on Twitter and tag us! (we may gift someone some crypto 👀)

In the intricate landscape of finance, there's a legendary overseer often called the 'Guardian of Equilibrium.' Many have endeavored to gain its approval, braving a jungle of compliance and a maze of diligent scrutiny. It is said that within the market's fluctuations lie hidden patterns and codes. When deciphered, these can guide seekers to the overseer's domain. Those skilled enough to interpret the market's subtle cues and navigate the complex trail of regulatory hints might just uncover the guardian’s domain. Yet, only those with the wisdom to decode the elaborate network of financial governance and the intelligence to comprehend its enigmatic rules will gain the enlightenment needed to ensure stability in the unpredictable realm of cryptocurrency. Are you prepared to decode the clues and discover the identity of this hidden regulator?

🦩 Tweets from the Jungle

Check out these wild crypto tweets that have made it to the jungle!

🐊 Crypto Swamp Watch

  • Bitcoin (BTC) - $42,228.62 (4.12%)

  • Ethereum (ETH) - $2,251.00 (4.54%)

  • Top Gainer: Bonk (+135.96%)

  • Top Loser: Terra Classic (-14.80%)

    Snapshot taken on the 15th of December, around 2:32pm, Jungle time.

🍍 Jungle Poll Parrot

Join our parrot's poll! This week's squawk…

Which event will have the greatest impact on the crypto market in 2024?

Login or Subscribe to participate in polls.

🐯 Jungle Snapshots

Our grand finale - Jungle madness, guaranteed wilder than any pump and dump. Enjoy, you crypto beasts!

Finally getting a bored ape 🐵

👋 That's all for this issue of Jungle Tales! As we part ways, let's remember the wise words of a crypto degen:

As the sun sets on another day in the crypto jungle, we send out a roar to all our fellow adventurers. May your trades be as mighty as the elephant's stomp, your insights as keen as the eagle's gaze, and your spirit as indomitable as the tiger's prowls. In the verdant expanse where digital and natural worlds entwine, draw strength from the pack and run with the conviction of wolves under the moonlight. The crypto wilderness is both our proving ground and our sanctuary; may your journey through it be as exhilarating as a river rapid and as rewarding as the discovery of a hidden oasis. Keep thriving in the thicket of innovation, for in this jungle, the brave find their bounty. Until we meet again on these untamed paths, let the call of the crypto wild be your guide to uncharted prosperity. Stay fierce, stay curious—stay wild!

Don't forget to share our newsletter with your fellow crypto adventurers, and follow us on Twitter X.

Until next time, keep exploring the wild world of crypto!

Pura Vida,

Jungle Degen

JUNGLE WARNING: Hear me, ye dauntless navigators of the crypto wilderness. This parchment holds no keys to monetary splendor. Consider it more of a cryptic map of the jungle, teeming with teachings, not a treasure chest marked with an 'X'. It neither mutters veiled secrets of investment, nor beckons you to swap your prized assets or enact any fiscal transactions. In this unpredictable crypto habitat, caution is your most trusted ally, and your own robust investigation, the steadfast compass. Equip yourselves with the shield of wisdom, as you traverse the intricate network of paths. Remember, swift success is often a false trail; it is through enduring patience, adroit maneuvering and careful strategy can you navigate this mysterious landscape. The jungle is vast and filled with enigmatic conundrums; let your own diligent research be the torch that dispels shadows. Don't be lured by the glimmering illusion of quick profits, but bend your will to the pursuit of genuine understanding. Keep your wits about you and eyes wide open on this crypto-quest. To cut a long story short, this is NOT financial advice. Safe travels, crypto explorers!hapcan xXxxx