Background

$186 Million Investors Flock to Bitcoin Etfs, Realize Too Late That They’ve Been Dumping Money Into a Hoax

Crypto NewsInstitutional Investors Kevin Nelson September 23, 2024

An illustration of a group of investors frantically running away from a giant 'HOAX' sign with flames and smoke rising behind it, while others are shown jumping into the air as if they've been pushed off a cliff; in the background, a massive bitcoin logo is crumbling to dust.

The never-ending saga of Bitcoin and Ether’s attempts to be taken seriously continues with Tuesday’s influx of cash into various exchange-traded funds (ETFs) – a whopping $186.76 million, that is! Because what says ‘legit’ more than throwing money at something just because it exists? Grayscale’s ETHE, the poster child for all things questionable in crypto land, managed to shed an impressive $17.89 million on Tuesday alone. One wonders if this isn’t a cry for help from investors who have finally realized that their life savings are being held hostage by a bunch of numbers floating around on computers created out of thin air.

Source: bitcoin.com

Bitcoin ETFs Boosted by $186.76M; Grayscale’s Ether Fund Struggles
https://news.bitcoin.com/bitcoin-etfs-boosted-by-186-76m-grayscales-ether-fund-struggles
On Tuesday, 12 bitcoin exchange-traded funds (ETFs) pulled in a hefty $186.76 million in inflows, while nine ether ETFs saw yet another round of outflows. The primary source of the ether losses? Grayscale’s ETHE, which has experienced a $2.75 billion outflow since July 23. As reported by sosovalue.xyz, the 12 bitcoin ETFs saw a collective gain of $186.76 million. Fidelity’s FBTC led the pack with $56.61 million, followed by Bitwise’s […]

Tagged as:

Share on

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

More posts

Previous

Next

You may also like

Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

We are the internet’s finest destination for poking fun at the wild world of cryptocurrency! We transform the bewildering jargon and frantic hype of the crypto market into a comedy spectacle that’s almost as volatile as crypto itself.

ABOUT
CONTACT
PRIVACY
IMPRINT
© 2024 Cryptobro Magazine
X-twitter