Bitcoin and Ethereum ETFs Are Doing So Well You’ll Want to Cry Yourself to Sleep at Night

I’m not sure what’s more astonishing – the fact that people are still pouring money into these Bitcoin ETFs or how they’re managing to stay afloat after all this time.

The latest numbers show 12 U.S. spot bitcoin funds experiencing another day of losses, with outflows totaling $30.59 million on Wednesday alone. Meanwhile, their Ethereum counterparts had an uneventful day, neither gaining nor losing value – because who needs excitement when you can just be neutral? Blackrock’s IBIT managed to scrape together some positive inflows ($13.88 million), but it was quickly erased by Ark Invest and 21shares’ ARKB shedding $44.47 million.

It’s like watching a train wreck in slow motion – we all know it’s going to end badly, but we can’t look away. The cumulative net losses since January have now reached an eye-watering $18.68 billion, with the group holding onto just 4.74% of Bitcoin’s market cap.

And let’s not forget about Ethereum, where nine spot ETFs had a ‘thrilling’ day doing absolutely nothing. It’s like they’re trying to lull everyone into a false sense of security before things inevitably go haywire again.

In short, these funds are going down the drain faster than a one-star review on CryptoSlate. Stay tuned for more!.