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Bitcoin ETFs Soar to New Heights While Ethereum Gets Left in the Dust With 77% Less Cash Flooding In

BitcoinCrypto NewsEthereum 2 Sam Rogers August 22, 2024

An illustration: A stylized graph with rising lines for bitcoin ETFs and falling lines for ethereum ETFs; two separate charts side by side showing contrasting trends between them; cash pouring into one chart while the other is empty. In the background, subtle images of coins flowing in opposite directions to emphasize the contrast. The overall design should evoke a sense of movement and dynamic change. A stylized bitcoin logo at the top left corner and an ethereum logo at the bottom right corner will be used as visual identifiers for each respective chart without any text or labels.

Well well well! Look at that – US bitcoin ETFs just can’t get enough of each other’s company (and by extension, their own inflated value). Meanwhile, ethereum is getting dumped like yesterday’s trash because who needs actual utility and use cases when you have a “store of value” with no inherent worth? And let me guess, the crypto bros are probably high-fiving each other over this one too. Newsflash: just numbers on a computer isn’t going to magically become valuable overnight, folks! It’s still all about FOMO and getting in early (or so they claim). I mean, seriously though – $39M boost for bitcoin ETFs? That sounds like the kind of “growth” you’d see at a pyramid scheme. And don’t even get me started on those transaction fees… Stay tuned for more.

Source: bitcoin.com

US Bitcoin ETFs Thrive With $39M Boost, Ethereum ETFs Experience $17M Decline
https://news.bitcoin.com/us-bitcoin-etfs-thrive-with-39m-boost-ethereum-etfs-experience-17m-decline
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) marked their fifth straight day of inflows, adding $39.42 million to their gains. Meanwhile, the spot ether ETFs experienced a dip, losing $17.97 million during the day’s trading. Collectively, the 12 spot bitcoin ETFs saw positive returns, while the nine ethereum ETFs ended the day in the red. The $39.42 million boost brought the total net inflows for bitcoin ETFs since Jan. […]

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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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