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$71 MILLION DUMPED ON BITCOIN ETFS IN ONE DAY: IS THE CRYPTO CRASH FINALLY OVER? (Spoiler Alert: NOPE, IT’S JUST GETTING STARTER)

A  illustration depicting a sinking ship with 'ETFs' written across its hull, surrounded by waves labeled '$71 MILLION DUMPED', while a lone lifeboat marked 'ARKB' floats away in the distance.

The great crypto crash continues! It seems like no one wants to hold onto their worthless Bitcoin ETFs anymore, with a whopping $71.73 million flowing out on Thursday alone. I mean who needs that kind of exposure when you can just put your money in something sensible? Grayscale’s ETHE took the biggest hit, losing $5.35 million – almost as much as it lost its credibility trying to peddle this snake oil to unsuspecting investors.

Source: bitcoin.com

On Thursday, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) experienced $71.73 million in outflows, with reductions seen across five distinct funds. Notably, Grayscale’s ETHE led the spot ether ETFs, which faced $1.77 million in outflows, by losing $5.35 million. During the trading sessions on Aug. 29, the collective group of U.S. spot bitcoin ETFs recorded a total outflow of $71.73 million, with Fidelity’s FBTC seeing the most significant reduction […]

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