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Bitcoin ETFs: Because Who Needs Their Money When You Can Have the Thrill of Watching It Vanish Into Thin Air?!

BitcoinCrypto NewsEthereum Sam Rogers October 4, 2024

A comic illustration of two people frantically trying to hold onto balloons tied to their wrists as they float away into the air, with one balloon labeled 'Bitcoin' and another labeled 'Ethereum'. In the background, a giant clock is ticking down while flames engulf the ground below. The scene is set against a darkening sky.

The never-ending saga of cryptocurrency’s spectacular failures continues to entertain and educate us all! It seems the latest ETFs (Exchange-Traded Funds) for Bitcoin and Ethereum have been hemorrhaging cash left and right, with a combined loss of over $290 million. That’s right folks, more money has flowed out than into these ‘investments’ in one day alone!.

Source: bitcoin.com

Bitcoin ETFs Bleed $242M While Ethereum Funds Follow With $48M in Losses
https://news.bitcoin.com/bitcoin-etfs-bleed-242m-while-ethereum-funds-follow-with-48m-in-losses
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw $242.53 million exit, following a sharp drop in bitcoin’s value. Similarly, the nine spot ethereum ETFs experienced a loss of $48.52 million in the day’s trading. After a series of positive inflows, the 12 U.S. spot bitcoin ETFs hit a roadblock on Tuesday. According to sosovalue.xyz metrics, $242.53 million flowed out, with Fidelity’s FBTC leading the pack by shedding $144.67 million. […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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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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