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Bitcoin Bites Back: 81 Million Reasons to Stay Away From That Overhyped, Worthless Number Soup

Crypto NewsNewsRegulation/Negotiation 1 Linda Williams August 16, 2024

An illustration of an overflowing toilet with $81 million dollars being flushed away down into dark waters below while above two coins (Bitcoin & Ethereum) look worried as they watch their money disappear from under them; the background is filled with dollar signs and financial charts. In the distance a small boat made out of ETFs sails towards calm seas, but it's too late for Bitcoin to catch up. The atmosphere is tense and chaotic. A faint image of Grayscale’s GBTC can be seen sinking into the depths below as Fidelity’s FBTC tries to grab onto its life jacket in desperation.

Cryptocurrency continues its downward spiral into obscurity as more people realize it’s just a bunch of worthless numbers floating around on computers created by nothing but hype and speculation. The fact that Ethereum ETFs managed to bring in $10.77 million is laughable considering the entire crypto market has lost trillions since its peak

Source: bitcoin.com

Bitcoin ETFs See $81M Outflow as Ethereum ETFs Cash In
https://news.bitcoin.com/bitcoin-etfs-see-81m-outflow-as-ethereum-etfs-cash-in
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw an outflow of $81.36 million, while spot ethereum ETFs experienced a brighter day, bringing in $10.77 million during the trading session. After enjoying two days of steady inflows, spot bitcoin ETFs faced a setback on Wednesday, losing $81.36 million. Franklin Templeton’s EZBC ETF emerged as the standout performer, attracting $3.42 million in positive flows, followed closely by Blackrock’s IBIT, which garnered […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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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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