Who Pamped And Who Damped This Week

The top fifteen cryptocurrencies by market capitalization (excluding wrapped crypto and stablecoins) are our population used to identify which cryptos made the winners and losers list.

Also – the percent of gains and losses listed below may change slightly or dramatically by the time this Litepaper hits your inbox. Just an FYI.

The Winners

Hands down, Ethereum Classic ($ETC.X) was the clear leader this week. Ethereum Classic pamped for an amazing +60%. Uniswap ($UNI.X) followed with a +31% gain, and Ethereum ($ETH.X) at +10%. 

Out of the top fifteen cryptocurrencies, all save two closed in the green after the regular trading week ended. But, again – that may or may not change by the time you read this Litepaper.

The Losers

The losers category for the week is kind of moot. There were only two: Shiba Inu ($SHIBA.X) down by -1.27% and Avalanche ($AVAX.X) down -0.95%. 

There were some cryptos that just missed getting added to the losers category: Solana ($SOL.X) gained +1%, Dogecoin ($DOGE.X) +1.23%, and TRON ($TRX.X) +1.75%. 🔄

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Bitcoin Blasts TF Off

Alright, now we know this is primarily an equity-focused newsletter. But speculation in the market has been building extensively through the last few months, and there’s no better vehicle to visualize that than one with no intrinsic value. 😆

Ok, you had to let us get one joke in there. After all, we just said what we were all thinking but wouldn’t say out loud. Let’s dive into some wild stats. 👇

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BlackRock’s Bitcoin ETF Surpasses Silver Trusts with $10 Billion in Assets

When the first gold ETF came out, it took a couple of years to reach $10 billion in AuM (assets under management). How long did it take Blackrock’s $IBIT? 2 months. 😱

Bitcoin spot ETFs have now eclipsed the largest silver trusts regarding assets under management (AuM), setting their sights on surpassing gold trusts next. According to recent data from HODL15Capital, BlackRock’s IBIT has achieved an impressive milestone, amassing an AuM of $10.03 billion, translating to a remarkable year-to-date (YTD) increase of 35.2%.

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So. Damn. Close.

Unless you’ve been sleeping off some horrible life decisions from last night, $BTC is insanely close to reaching its prior all-time high. 🚀

It’s probable that by the time you read this, new all-time highs might already be in. 

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Crypto News In Three Sentences – March 1, 2024

👀 Bitcoin ETFs Fly High Without Vanguard: The SEC’s nod to Bitcoin ETFs brings a seismic shift, yet giants like Vanguard ($VOO) stay on the bench, watching millions flow into these new funds. Despite Vanguard CEO Tim Buckley bowing out amid whispers of regret of not joining everyone else at the BTC ETF party, considering most of Vanguard AUM grew under Buckley, the no BTC ETF probably isn’t why. Probably. Maybe. From DailyCoin

🏦 Wells Fargo and BoA Embrace Crypto Craze: Speaking of Bitcoin ETF acceptance, Wells Fargo ($WFC) and Bank of America ($BAC) take the crypto plunge, offering Bitcoin ETFs to their daring clients. They join a financial frenzy alongside Schwab and Robinhood, contrasting Vanguard’s skeptical stance. Hey, maybe Wells Fargo will open crypto accounts for people who never asked them to? More from Cryptopolitan

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