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$74 MILLION MATH PROBLEM: Why These ‘Investors’ Thought They Could Handle the Math Behind Cryptocurrency, but Clearly Can’t!

A chaotic illustration depicting a sinking ship with dollar signs and math symbols spilling out into the ocean below. A lone bitcoin (represented as a golden coin) is shown escaping from the wreckage while an ether symbol (a stylized 'e') lingers in the background, surrounded by waves of red ink.

The Crypto Bro’s Worst Nightmare: Bitcoin and Ethereum ETFs hemorrhage a combined $74 million in outflows!.

Source: bitcoin.com

On Sept. 4, 2024, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) saw $37.29 million in outflows, while their ethereum counterparts, the nine spot ether ETFs, experienced roughly $37.51 million in reductions. Both bitcoin and ethereum ETFs saw money flowing out on Wednesday, with nearly identical divestments. According to sosovalue.xyz, $37.29 million exited the 12 spot BTC funds, with Grayscale’s GBTC taking the biggest hit, losing $34.25 million. Fidelity’s FBTC […]

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