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$301M Flows Into the Neverending Pit of Financial Despair Known as Bitcoin ETFs Because Apparently Someone Has to Keep Funding This Sinking Ship

BitcoinCrypto NewsRegulation/Negotiation 3 Kevin Nelson August 16, 2024

An illustration of a sinking ship with its hull cracked open revealing an endless pit below filled with inflating balloons labeled as dollars and coins falling into the void; above water level, people are throwing more money in while some look on from the shore. In the background, there is a faint image of Bitcoin's logo surrounded by flames. The sky above has dark clouds indicating impending doom. A few seagulls fly away with dollar signs around their necks. On either side of the ship, two large arrows point downwards to emphasize its descent into despair.

Another day, another bunch of gullible idiots pouring their money into Bitcoin because they think it’s a get-rich-quick scheme. Meanwhile, the rest of us are over here wondering when this house of cards is going to come crashing down

Source: bitcoin.com

$301M Flows Into Bitcoin ETFs, Led by Blackrock and Ark Invest
https://news.bitcoin.com/301m-flows-into-bitcoin-etfs-led-by-blackrock-and-ark-invest
U.S. spot bitcoin exchange-traded funds (ETFs) saw their seventh consecutive day of inflows on Monday, attracting $301.04 million. Both IBIT and ARKB experienced nearly identical inflows, each drawing in $117 million. The week began with seven out of 11 spot bitcoin ETFs receiving $301.04 million in inflows. Monday marked the seventh consecutive day of inflows. Blackrock’s IBIT led the way with $117.25 million, closely followed by Ark Invest’s and 21shares’ […]

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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.”

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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.

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