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Bitcoin Trust: Because You Clearly Haven’t Lost Enough Money Yet

BitcoinCrypto NewsRegulation/Negotiation 2 Sam Rogers August 16, 2024

An illustration of a person holding an oversized Bitcoin coin while standing on top of a pile of money bags. The coins are falling off their hands as they look worried, with some flying away into flames in the background. A faint image of a stock exchange ticker board is visible behind them displaying rapidly decreasing numbers and red warning signs. In the foreground, several dollar bills can be seen floating up towards the person's face like confetti. The overall atmosphere is chaotic and ominous.

Well well well. Look who’s trying to make it big on Wall Street – Grayscale Bitcoin Mini Trust! Because what we really need is another way for crypto bros to lose their shirts while pretending they’re investing in something “revolutionary”. Let me tell you, folks, this new trust has all the makings of a classic pump-and-dump scheme. Lower fees? Who cares when it’s still just numbers on a computer created from thin air

Source: bitcoin.com

SEC Greenlights NYSE Arca to List Grayscale Bitcoin Mini Trust
https://news.bitcoin.com/sec-greenlights-nyse-arca-to-list-grayscale-bitcoin-mini-trust
The SEC has approved NYSE Arca’s proposal to list and trade shares of the Grayscale Bitcoin Mini Trust. Grayscale’s new trust will feature competitive fees. “This approval order is based on all of the exchanges’ representations and descriptions in their respective amended filings, which the Commission has carefully evaluated,” said the securities regulator. The U.S. Securities and Exchange Commission (SEC) approved NYSE Arca’s proposal to list and trade shares of […]

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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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