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Bitcoin Broke, but Your Wallet Still Isn’t: 62 Million More Reasons You Should Have Invested in Those ETFs

BitcoinCrypto NewsEthereum 1 Linda Williams August 20, 2024

An illustration of two large money bags overflowing with gold coins standing side by side next to each other but one bag has more coins than the other; both have dollar signs above them while they look at each other from opposite sides. The background is dark blue and there are subtle waves in it suggesting movement or flow, giving a sense of dynamic energy. In front of the bags, two lines stretch out into the distance with arrows pointing towards the money bags but one line has more coins falling down than the other;

The crypto bros can’t get enough of these ETFs! It’s like they’re trying to turn their entire lives into one big game of casino roulette. $61 million poured into spot bitcoin exchange-traded funds on Monday? That’s just chump change compared to the billions that have been lost in this wild west of a market.

Source: bitcoin.com

Spot Bitcoin ETFs See $61.98M Inflows on Monday as Ether ETFs Struggle
https://news.bitcoin.com/spot-bitcoin-etfs-see-61-98m-inflows-on-monday-as-ether-etfs-struggle
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) saw an influx of $61.98 million, while spot ether ETFs experienced net outflows totaling $13.52 million. Among the 12 BTC ETFs, Blackrock was the standout performer, while Grayscale’s Mini Ethereum Trust led the gains in the ETH ETF category. On Aug. 19, the 12 spot bitcoin ETFs closed the trading day with gains, collectively raking in $61.98 million. Blackrock’s IBIT took the […]

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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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