BlackRock’s BTC ETF Eats GBTC’s Lunch And Steals Its Homework

BlackRock’s spot $BTC ETF, IBIT, just casually gained a cool $788 million in a single day. ๐Ÿชจ

While the rest of us debated whether to splurge on $SHIB or $FLOKI, $IBIT was busy breaking records. With a casual $12.2 trillion in its war chest, the world’s heavyweight asset manager, BlackRock, has decided Bitcoin is the new black.

Meanwhile, Grayscale’s $GBTC is watching its throne get snatched, bleeding out $10 billion untilย IBIT swept in, Cinderella-style, taking the crown and the entire kingdom by storm, slippers, pumpkin carriage, and all. ๐Ÿ‘ 

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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. ๐Ÿš€

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

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Frogs, And Dogs, And BONKs Oh My

Memecoin madness is back, and it’s like deja vu. All over again, like deja vu. ๐Ÿถ

According to the fine folks at Santiment, the spotlight’s on $PEPE, $FLOKI, $BONK, and a few others, all of which have decided to moon together. Price surges of over 500% and trading volumes that skyrocketed nearly 3,000%? Just another crypto memecoin insane bull run

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Technically Speaking – March 8, 2024

I’ll keep the details short and simple here because time is running out, and if I’m not done on time for pizza night with the kids, my wife will be very mad. ๐Ÿ•

I almost wrote she’d kill me, but if I did that, there’d probably be a SWAT team and an army of social workers making sure I’m ok.

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BlockFi Customers Rejoice!

BlockFi’s customers might finally feature a financial comeback, thanks to a deal with FTX and Alameda Research. ๐Ÿ˜

How much? Up to $874 million, contingent on court approval. This settlement could be the lifeline for customers left adrift after the 2022 crypto upheaval.

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