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Blackrock and Fidelity Are Killing It in Crypto While One Major Player Is Getting Left Behind Like a Sad Sack With No Bitcoin

Crypto NewsEthereumHack Barry Thompson August 16, 2024

An illustration featuring three figures standing at different heights with one figure significantly shorter than the others; two taller figures holding large bags while the third smaller figure holds an empty bag looking down dejectedly amidst scattered coins and broken chains. The background is darkened to emphasize contrast between light and shadow. A faint glow emanates from a nearby pile of gold, symbolizing success or wealth. In this scene, one can infer that those who have achieved greater heights are the ones holding onto their gains while others struggle with loss.

The crypto bros can’t even get it right when it comes to ETFs! Blackrock’s ETHA has raked in $901 million since July 23rd while Fidelity’s FETH is hot on its heels with $341.7 million. Meanwhile, Grayscale’s ETHE outflows have dampened the overall net inflows of U.S spot ethereum ETFs to a whopping loss of $405.94 million! What a disaster

Source: bitcoin.com

Mixed Fortunes for US ETH ETFs: Blackrock, Fidelity and Bitwise Thrive Amid Market Shifts
https://news.bitcoin.com/mixed-fortunes-for-us-eth-etfs-blackrock-fidelity-and-bitwise-thrive-amid-market-shifts
Twenty days have passed since the debut of U.S. spot ethereum exchange-traded funds (ETFs), encompassing 14 trading sessions to date. During this period, the overall net inflows have dipped to a loss of $405.94 million. Nevertheless, Blackrock’s ETHA and Fidelity’s FETH have witnessed significant gains. ETHA’s net inflows are approaching the $1 billion milestone, while FETH has accrued gains totaling $341.7 million. So far, U.S. spot ethereum ETFs haven’t matched […]

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About the author

Barry Thompson

Barry’s crypto nightmare began when he bought Bitcoin at $3, thinking he’d stumbled upon the financial opportunity of a lifetime. He sold his stash at $100, only to watch in dismay as Bitcoin soared to absurd heights. Now, Barry channels his rage into scathing articles about the crypto circus, seething with resentment at the digital gold rush he barely missed. His motto: “I sold out at $100, but the joke’s on me because the real joke was believing in this absurd circus.”

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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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