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Bitcoin and Ether Funds Drain Your Wallet Like Crazy – Meet the Villain Behind the $192 Million Heist

A  illustration depicting a greedy money bag character with an evil grin, surrounded by chaotic swirling patterns resembling financial charts and screens displaying massive losses and gains on Bitcoin and Ether prices. The background is filled with dark grey and black hues to convey a sense of danger and risk.

The crypto circus has officially gone mainstream – and I couldn’t be more thrilled (or not). The latest numbers are out for US spot bitcoin ETFs, which have collectively sucked up a whopping $192 million from unsuspecting investors on Wednesday. Meanwhile, the nine ether funds joined in on the fun with some modest gains – because what’s a little less money lost when you can say ‘I was part of something’, right?.

Source: bitcoin.com

The 12 U.S. spot bitcoin exchange-traded funds (ETFs) enjoyed a $192.31 million boost on Wednesday, bouncing back from a rough Tuesday. Even the nine ether funds joined in the fun, seeing some modest gains during the day’s trading. On Oct. 23, 2024, U.S. spot bitcoin ETFs saw inflows of $192.31 million, a sharp contrast to the $79.09 million they lost the day before. Blackrock‘s IBIT took the spotlight, raking in […]

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