Welcome to the Ghostfi™ Newsletter, we're here to keep you in the loop, so you can make informed decisions and stay on top of the sector.

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Here’s what we have for you today:

• Texas Lawmakers Vote to Include Use of Digital Currencies in State's Bill of Rights

• Bitcoin bulls’ pursuit as they test the $31,000 mark, fueled by the Fidelity ETF announcement

• Unveiling the First Leveraged BTC Futures ETF: Above Average, Yet Unimpressive

• Elon Musk's Tweet Sends BOB up 43%: Here's What You Missed

• Crypto Rookies’ Corner

Texas Lawmakers Vote to Include Use of Digital Currencies in State's Bill of Rights

The people of Texas may soon be bestowed with the magnanimous right to use cryptocurrencies. Yes, you heard it right! Those brilliant lawmakers in Texas have taken a significant step towards ensuring that the common folk can dabble in the magical realm of digital currencies. State Representative Giovani Capriglione, the hero we didn't know we needed, introduced Bill HJR 146, aiming to protect the ownership, holding, and usage of these futuristic coins.

According to the proposed amendment, individuals should have the freedom to trade goods and services using whatever form of exchange they fancy. Cash, coin, bullion, digital currency, scrip—heck, throw in some Monopoly money too if it tickles your fancy. The document explicitly states that no government should have the audacity to interfere with the ownership or holding of any amount of money or currency. And let's take a moment to applaud the overwhelming support this bill received—139 votes in favor and a whopping two dissenting voices. Bravo, Texas!

Now, the Texas Bill of Rights may sound a bit like the U.S. Bill of Rights, protecting freedoms like speech, religion, and the press. But hold your horses, folks! It's got its own Texan flavor, including goodies like the right to a speedy trial and the right to bear arms for self-defense. Because in Texas, we don't mess around with our guns or our freedom.

If this update to the Bill of Rights actually makes it through the bureaucratic maze and gets signed into law, Texas will be the promised land for crypto enthusiasts. Bitcoin, Ethereum, Dogecoin—bring 'em all! The Lone Star State will officially grant you the divine right to use these shiny digital coins. Tom Glass, the mighty founder of the Texas Constitutional Enforcement group, is already envisioning a glorious future. Just one more vote in the House, then off to the Senate for a final showdown before the people decide. Cue the dramatic music!

And let's not forget the wise commentators who showered praises on this approach. Oh, it's far superior, they say. Unlike those silly attempts to ban central bank digital currencies (CBDCs), this bill takes a different route. It renders CBDCs utterly worthless, making them as valuable as a broken piggy bank. Take that, central banks!

Now, the grand objective of adding the right to own, hold, and use digital currencies to the Texas Bill of Rights is to make a federal case out of it. Because, hey, the 9th Amendment to the U.S. Constitution tells us that there are more natural rights than we can shake a stick at. We want them all!

The Texas Constitutional Enforcement group has one more crucial point to make—they believe that cash substitutes are essential for protecting Texans' financial privacy. An unstable dollar could crush all the hard-earned wealth Texans have accumulated over the years. We can't let those global financial elites force their services upon us, leaving all our eggs in one vulnerable basket. No sir, we won't be subject to devaluation and confiscation!

The fine folks at the Texas Constitutional Enforcement group are adamant about protecting financial privacy. They don't want every financial transaction to be scrutinized by nosy government officials, competitors, and employers. It's our God-given right to keep our money matters to ourselves. No peeking, ya'll!

And who could forget our dear Senator Ted Cruz? He's the voice of reason, warning us about the dangers of CBDCs. It seems those folks pushing for CBDCs despise Bitcoin and cash. Oh, the irony! But fear not, fellow Texans, our right to use cryptocurrencies shall not be infringed!

In conclusion, dear readers, rejoice! Texas lawmakers are leading us into a brave new world where crypto reigns

Bitcoin bulls’ pursuit as they test the $31,000 mark, fueled by the Fidelity ETF announcement

The unstoppable Bitcoin is at it again, making yet another audacious attempt on the $31,000 level. And what do you know, traders are eagerly crossing their fingers, hoping for even more upside in the BTC price in the coming days. How thrilling!

According to data from Cointelegraph Markets Pro and TradingView, BTC managed to edge slightly higher after managing to hold the oh-so-critical $30,000 support. Phew, crisis averted!

But wait, here comes the grand entrance of asset manager Fidelity Investments, reportedly filing for a Bitcoin spot-based exchange-traded fund (ETF). Ah, it's like music to our ears, isn't it? We can already feel the excitement building up in the air!

Financial commentator Tedtalksmacro couldn't help but exclaim, "First it happens slowly, then all at once!" How profound, Ted! We eagerly await the ETF plans from the mighty BlackRock and other global asset managers. It's going to be a wild ride, folks!

Now, now, don't get too carried away. Although BTC hasn't managed to repeat last week's rapid gains, it has graciously held onto most of its progress. How generous of it! And here we are, hoping and praying for the mighty bulls to come charging in. Oh, the suspense is killing us!

Our beloved trader Jelle confidently declares, "Bitcoin refuses to dip back below $30k." Well, isn't that just fantastic news? We're in for one of those magical moments where "consolidation below resistance is bullish." Can't you feel the thrill in the air? Hold on tight, folks, because if we flip $30k to $32k, all bets are off! Anything could happen!

Oh, look, even our dear friend Crypto Tony questions the strength of today's uptick. But fear not, for he is still optimistic and repeats his calls for $32,000 next. We love that unwavering enthusiasm!

Meanwhile, trader and analyst Josh Rager chimes in, casually mentioning that consolidation was totally expected. Ah, these Twitter posts always provide such deep insights!

Now, let's not forget about Coinbase. The stock of this fine establishment rebounded and hit one-month highs, adding a whopping 4% at the open. Despite the pesky legal pressure from those regulators, Coinbase's involvement in the BlackRock ETF continues to turn its fortunes around. Hooray for them!

As our wise friend Tedtalksmacro once argued, "What's good for $COIN is good for BTC and vice-versa." Such profound wisdom! With Coinbase as the BTC custodian for the world's largest asset manager, we can't possibly fathom Coinbase testing anywhere near those lows in the near future. It's like a fairytale come true!

Oh, the excitement, the drama, the anticipation! The world of crypto keeps us on the edge of our seats, and we can't wait to see what thrilling twists and turns await us in the next chapter of this gripping saga.

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Unveiling the First Leveraged BTC Futures ETF: Above Average, Yet Unimpressive

Hang onto your loved ones! The debut of Volatility Shares' 2x Bitcoin Strategy ETF has left us all breathless. Well, not really. While it did manage to achieve trading volumes that ranked quite well for 2023, let's just say it's not even in the same league as the first-ever Bitcoin futures fund that graced us with its presence back in 2021. Just a little underwhelming!

So, let's dive into the exhilarating details, shall we? The 2x Bitcoin Strategy ETF (BITX) hit the trading floor on the Cboe BZX Exchange with a bang. Well, maybe more like a whimper. It mustered a whopping $5.5 million in trading volumes on its first day. Impressive, right? Well, not really. According to the data from FactSet, it ranked a mediocre 30th out of the 195 ETFs introduced this year. Quite the achievement!

But hey, let's not forget the true stars of the show—the iShares Climate Conscious & Transition MSCI USA ETF and the Xtrackers MSCI USA Climate Action Equity ETF. Now those are some real performers! They managed to surpass $2 billion in opening-day trade volumes. They're like the cool kids in the ETF world, standing out from the crowd while BITX struggles to make a dent.

Let's not get ahead of ourselves, though. Despite its lackluster performance, BITX can at least take solace in the fact that its initial volumes were a mere 0.5% of what the ProShares Bitcoin Strategy ETF (BITO) achieved back in 2021. BITO hit the ground running and racked up over $1 billion in trade volume within hours of its launch. Talk about setting the bar high!

But hey, who needs BITX anyway? According to Dave Nadig, the financial futurist at VettaFi, getting exposure to futures isn't that difficult. And if you're really serious about crypto, why bother with indirect means? Just go for the direct Bitcoin leverage, my friends! There are cheaper and better options out there if you're a true crypto aficionado or day trader. Sorry, BITX, but it seems like you're just not cutting it in this competitive crypto world.

But let's not forget the tiny victory for the Bitwise Bitcoin Strategy Optimum Roll ETF (BITC). It managed to scrape together a whopping $36,000 during its grand entrance in March. Now that's something to celebrate! Well, maybe not.

Now, let's address the elephant in the room—the demand for a spot Bitcoin ETF. While some folks are getting all excited about it, others are a bit more skeptical. They're warning potential BITX investors about the risks involved, cautioning them to brace themselves for erratic returns. You never know, this ETF might just decide to give you a negative return when the underlying index is performing just fine. It's like a rollercoaster ride but without the fun.

So, there you have it, folks. The launch of Volatility Shares' 2x Bitcoin Strategy ETF—a momentous occasion that left us all mildly interested. It may not be the game-changer we were hoping for, but hey, at least it's another milestone in the ever-exciting world of ETFs. Now, go forth and do your homework, BITX investors, and get ready for a wild ride that's even more exciting than plain old Bitcoin itself. Good luck!

Elon Musk's Tweet Sends BOB up 43%: Here's What You Missed

Oh, buckle up, my friends! We've got some thrilling news about the BOB token and its wild rollercoaster ride. Brace yourselves for unexpected action that will leave you on the edge of your seat!

So, the price of the BOB token decided to take a little detour from its usual mundane existence and skyrocketed by a whopping 40% in a mere two hours. Talk about a heart-pounding adrenaline rush! We've talked about this token before, remember? It's one of those spin-offs from the glorious meme token season we had recently. Ah, good times.

Now, let's delve into the fascinating world of BOB. Unlike its older sibling, Pepe Coin (PEPE), BOB has its own unique marketing strategy. Brace yourselves for the marvel that is the Twitter bot ExplainThisBob. This little bot uses artificial intelligence to explain tweets, but only if they're tagged under them. Isn't that just mind-blowing? It's like having your very own AI tutor for all your tweet-related inquiries. Truly revolutionary stuff.

And guess what? The developers of BOB deserve some serious credit because their little bot has even caught the attention of the one and only Elon Musk. Yep, you heard that right. Bob comments on Musk's tweets without even being tagged, and it has led to countless interactions between the eccentric billionaire and our dear bot. This time was no different. In response to Musk's tweet mentioning the word "comedy," Bob swooped in with a concise yet profound explanation of the word, leaving Musk amazed. And wouldn't you know it, the price of BOB shot up by a staggering 28% to a mind-blowing $0.000083 per token. Oh, the power of a Twitter interaction!

But wait, there's always more! Just 45 minutes before Musk's mind was blown by Bob's wisdom, an announcement was made that BOB would be listed on none other than the major exchange KuCoin. Exciting, right? Well, hold on to your hats because things are about to get even more interesting. The price of the token started its upward climb a whole 12 minutes before the official listing announcement. Coincidence? I think not! By the time the listing news hit the headlines, the price had already soared by a jaw-dropping 16%. The universe works in mysterious ways, my friends.

So, there you have it. The thrilling tale of the BOB token and its unpredictable journey to the moon and back. Strap yourselves in for more exhilarating adventures in the world of meme tokens and Twitter bots. Who knows what twists and turns await us? Stay tuned, folks!

💰 Crypto Rookies’ Corner 📈

🛠 Mini-Course:
How to Get Started with Crypto: A Guide for Bank-to-Wallet Transactions🛠

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. TBTBTB