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Bitcoin ETFs: Because Who Needs Actual Money When You Can Bet on a Fad and Lose Everything

Crypto NewsRegulation/NegotiationRetail Investors 1 Doug Martinez August 15, 2024

An illustration of an overflowing piggy bank with dollar signs bursting out from it while being chased by a group of people running away holding their heads in despair amidst falling coins and broken glass on the ground. In the background, there's a large graph showing rising values but also some sharp drops. The scene is set against a darkening sky with lightning bolts striking down towards the earth. A faint image of Bitcoin logo can be seen among the dollar signs.

The gullible idiots are at it again! They’re pouring their hard-earned cash into Bitcoin ETFs like there’s no tomorrow – or in this case, until they realize that cryptocurrency is just numbers on a computer created from nothing. $533 million inflows? That’s cute. Meanwhile, the rest of us with functioning brain cells know that these funds are little more than vehicles for scammers and fraudsters to fleece their marks

Source: bitcoin.com

US Spot Bitcoin ETFs See Record $533.57M Inflows Ahead of Ether ETF Launch
https://news.bitcoin.com/us-spot-bitcoin-etfs-see-record-533-57m-inflows-ahead-of-ether-etf-launch
Ahead of the spot ether exchange-traded funds (ETFs) launch, U.S. spot bitcoin ETFs experienced their 12th consecutive day of inflows, accumulating $533.57 million on Monday. This influx marked the highest gains for the 11 funds since June 4. On Monday, U.S. spot bitcoin ETFs attracted $533.57 million, the highest single-day gain in 49 days, according to sosovalue.xyz and coinglass.com stats. Leading the pack, Blackrock‘s IBIT saw the most significant inflow, […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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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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