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Bitcoin ETF Boom: The Jungle's New Kings
ETFs Snatch 200K BTC: A New Era Unfolds
Jungle Degen
February 09, 2024
Greetings Crypto Explorers! 🌴🦜
This week, we roar over the seismic shift in the Bitcoin ecosystem as fresh spot bitcoin ETFs have captured a staggering 200,000 BTC, with BlackRock's IBIT and Fidelity's FBTC leading the pack. As these new ETF cubs make their mark, we'll also glance at Binance's delisting of Monero, Solana's network restart, MicroStrategy's latest acquisition, and more. So sharpen your machetes and let's cut through the crypto vines together!
As always… Stay Wild! 🌿🦁🚀
🦍 The Big Jungle Roar
This week's monumental event that shook the crypto-jungle. Roar with us!
Big news swingin' in from the crypto canopy! 🦜 A whole bunch of fresh spot bitcoin ETFs have just scooped up a whopping 200,000 BTC treasure chest in their first month – that's almost 1% of all the shiny BTC coins out there! 🪙💰
BlackRock's IBIT is the new king of the jungle with over 80,000 BTC, while Fidelity's FBTC is roaring right behind with 68,000 BTC. 🦁 These new ETF cubs have been gobbling up the market faster than a monkey grabs bananas! 🍌
Meanwhile, Grayscale's old gorilla GBTC is shedding some of its BTC fur, with holdings dropping by 25%. 🦍 And guess what? On Thursday, IBIT out-traded GBTC in a wild chase!
The ETF herd had a massive inflow day recently, especially IBIT and FBTC, while GBTC saw some leaves fall from its branches. 🍃 Overall, the crypto jungle is thriving with more than $2.1 billion rushing into these new ETFs.
So, keep your eyes peeled, crypto apes – the Bitcoin jungle is alive with roars of success and the rustle of new growth! 🌱🐆
📈 More on Bitcoin:
🦁 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 👀)
Deep within the verdant labyrinth of the Jungle Tales, the tribe of savvy cryptonauts stumbled upon an enigma wrapped in the roots of the oldest tree. Legends spoke of an ancient code, a genesis block from which all virtual prosperity sprang. The cryptic puzzle was etched into a stone tablet, veiled by the whispers of the market winds. Each symbol shimmered with potential, a cipher only the truest of digital explorers could unveil. As moonlight pierced through the canopy, casting shadows upon the tablet, one symbol glowed persistently, a beacon in the cryptographic wilderness. What was the primeval treasure that held the power to transcend time and technology, promising to unlock fortunes untold?
🦩 Tweets from the Jungle
Check out these wild crypto tweets that have made it to the jungle!
Microstrategy is buying it.
Fidelity is buying it.
Blackrock is buying it.
Pension funds are buying it.
Tesla is buying it.
El Salvador is buying it.
But you are waiting for it to come down to $20,000.
#Bitcoin
— Kashif Raza (@simplykashif)
6:19 AM • Feb 7, 2024
China is conceding to crypto and changing its Anti-Money Laundering regulations.
The change is designed to add crypto-related txns into the framework.
This will be the first significant change to the regulations since 2007.
— Lark Davis (@TheCryptoLark)
11:30 AM • Feb 7, 2024
🐊 Crypto Swamp Watch
Bitcoin (BTC) - $47,977.95 (11.85%)
Ethereum (ETH) - $2,522.72 (9.92%)
Top Gainer: Dymension (+79.16%)
Top Loser: Monero (-27.31%)
Snapshot taken on the 9th of February, around 12:33pm, Jungle time.
🍍 Jungle Poll Parrot
Join our parrot's poll! This week's squawk…
Which new Bitcoin ETF beast has the mightiest roar in the crypto jungle? |
🐯 Jungle Snapshots
Our grand finale - Jungle madness, guaranteed wilder than any pump and dump. Enjoy, you crypto beasts!
Crypto is up 🚀
👋 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 untamed expanse of the crypto jungle, where the vines of chance entwine with the towering trees of destiny, the clever degen ventures with the stealth of a panther and the wisdom of an ancient tortoise. They know that the glittering allure of gambling amidst the digital flora is akin to the deceptive glow of fireflies on a moonless night. With every roll of the cryptographic dice, they tread lightly, their every move as calculated as a jaguar's pounce. They respect the capricious spirits of volatility that whisper through the leaves, understanding that in this wilderness, fortunes rise and fall with the grace of a river coursing through the rainforest. The prudent degen does not seek to conquer the jungle's heart with foolhardy bets but moves with a harmonious rhythm, their strategies rooted like the deep foundations of the kapok tree. For them, each wager is a delicate step in the primal dance of risk and reward, as they navigate through the dense thicket of market swings with resilience and foresight, their eyes ever fixed on the horizon where the canopy meets the sky of endless possibilities.
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!