Bitcoin ETFs: A New Chapter Begins

Spotlight on Bitcoin: First US Spot ETFs Unleashed!

Author

Jungle Degen
January 12, 2024

Greetings Crypto Explorers! 🌴🦜

This week, we're basking in the groundbreaking approval of the FIRST spot Bitcoin ETFs in the US—a thunderous leap for crypto accessibility! While we revel in this vine-swinging victory, we'll also glance at the looming potential of Spot Ethereum ETFs, the strategic evolution of Bitcoin in institutional investments, and the remarkable gains by MicroStrategy. Plus, don't miss out on our crypto riddle and the latest jungle metrics. Stay tuned for a wild journey through the depths of crypto wisdom and fun!

As always… Stay Wild! 🌿🦁🚀.

🦍 The Big Jungle Roar

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

Spot Bitcoin ETF receives official approval from the SEC

cointelegraph.com/news/sec-spot-bitcoin-etf-approvals

Big buzz in the crypto canopy! The SEC has given the green light to the FIRST spot Bitcoin ETFs in the US! This is a MAJOR vine swing from their previous stance. No more fakeouts like the Twitter mayhem. 🙈

We've got a whole troop of issuers approved, including big gorillas like ARK 21Shares, Invesco Galaxy, and BlackRock. They're bringing Bitcoin directly to your investor treehouse. No need to wrestle with buying or custody yourself.

ETFs will be prowling the market jungle soon, and we're all eyes on when they'll start the hunt. Galaxy Research predicts a $14 billion stampede into these new ETFs in year one! Meanwhile, VanEck sniffs out $2.4 billion in the first quarter alone. 💸

Fee-wise, BlackRock's playing alpha with a low 0.2% until they hit $5 billion in AUM. Grayscale's at the top of the food chain charging 1.5%, but keep an eye on Ark 21Shares offering fee-free fun until they bag $1 billion AUM or for six wild months!

Stay tuned as we track this exciting journey deeper into the ETF jungle! 👀

📈 More on the Bitcoin ETF:

🦁 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 wild expanse of the crypto jungle, where the secretive whispers of the market rustle through the leaves like an ancient chant, a legendary creature is rumored to roam. It is the silent guardian of prosperity, a mythical beast that with its mere presence can invoke a season of untold abundance. Its footprints are rarely seen, yet its influence is etched in the folklore of every token and trader. Some say it slumbers in the depths of bearish caves, only to emerge when the moon casts its cryptic glow upon the charts. Others believe it watches over the market's ebbs and flows with a vigilant gaze, ready to charge through the underbrush and lead the bravest investors to a flourishing oasis hidden within the volatile terrain. What is this enigmatic entity that inspires the hearts of crypto pioneers to hold steadfast in the face of adversity?

🦩 Tweets from the Jungle

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

🐊 Crypto Swamp Watch

  • Bitcoin (BTC) - $46,329.72 (4.6%)

  • Ethereum (ETH) - $2,614.12 (14.94%)

  • Top Gainer: Ethereum Name Services (+63.46%)

  • Top Loser: Klaytn (-19.52%)

    Snapshot taken on the 11th of January, around 5:37pm, Jungle time.

🍍 Jungle Poll Parrot

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

How do you perceive the SEC's approval of spot Bitcoin ETFs

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!

Jungle Playground

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

In the verdant labyrinth where fortune and fate interweave, let us stride with the tenacity of the jungle's mightiest, yet with the grace of its most nimble denizens. Remember, in these dense thickets of digital coinage, each step forward is a testament to our pioneering spirit. As we forge paths through the cryptographic canopy, let us embrace both the sunlight of success and the shadows of challenge. For it is in the balance of risk and reward that we discover our true strength. May your ventures be as bountiful as the rainforest's bounty, and your resolve as steadfast as the ancient trees that stand tall amidst the ever-shifting landscape of crypto.

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