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$158 MILLION DUMPED INTO BITCOIN: The Bizarre Saga Continues – Will This Time Be Different (Spoiler Alert: Nope)

A comic-style illustration featuring a giant bitcoin (represented by a gold coin) and ether (a blue flame) sitting atop a mountain range made up of financial charts, with dollar bills pouring in from the sky to fill their coffers. In the background, a clock is ticking away as two figures stand at the edge of the cliff, looking out over the landscape.

The eternal dance: people throwing money at a void and calling it ‘investment’. ETF inflows surge? Whoop-de-doo! It’s just more suckers jumping onto the sinking ship of cryptocurrency, convinced that this time will be different.

Source: bitcoin.com

According to the latest figures, bitcoin exchange-traded funds (ETFs) brought in $158.21 million in inflows on Thursday, while ether ETFs saw $5.24 million in deposits. Leading the charge on Thursday, Ark Invest and 21shares’ ARKB fund attracted a hefty $81.07 million. Fidelity’s FBTC followed closely, reeling in $49.88 million. Meanwhile, Bitwise’s BITB secured $10.36 million, with Grayscale’s Bitcoin Mini Trust adding $9.54 million to its coffers. Franklin Templeton’s EZBC rounded […]

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