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BITCOIN: THE ULTIMATE GET RICH QUICK SCHEME IS BACK! $252 MILLION POURS IN AS ETHER ETFs CONTINUE TO BURN MONEY LIKE IT’S GOING OUT OF STYLE!

AltcoinsBitcoinCrypto News 1 Sam Rogers August 25, 2024

A comic illustration featuring a bitcoin piggy bank overflowing with coins as it stands triumphantly over an empty ether piggy bank, surrounded by charts and graphs rising upwards.

The never-ending circus that is crypto continues! It’s not like we haven’t seen this before – Bitcoin ETFs soaring with millions pouring in while ether ETFs tanking and losing money hand over fist. The $252 million influx into bitcoin funds is just a drop in the bucket compared to the overall market, but hey, it’s still more than I made last week writing scathing articles about crypto scams (just kidding, my editor pays me way too much). Blackrock’s IBIT leading the charge with an impressive 86.83 million added to its coffers – who needs real assets when you can just print numbers on a computer? Fidelity and Grayscale are right behind, because what could possibly go wrong with investing in something that has no intrinsic value?.

Source: bitcoin.com

Bitcoin ETFs Soar With $252M Influx, Ether ETFs Experience Another Day of Losses
https://news.bitcoin.com/bitcoin-etfs-soar-with-252m-influx-ether-etfs-experience-another-day-of-losses
At the end of the day on Friday, U.S. spot bitcoin exchange-traded funds (ETFs) reported a substantial $252 million in net gains. In contrast, ether ETFs continued their downward trend, losing another $5.7 million. Spot bitcoin ETFs achieved their highest inflow since late July, with the 12 funds collectively pulling in $252 million on Friday. Leading the charge, Blackrock’s IBIT added $86.83 million to its coffers, bringing its total net […]

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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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