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BlackRock’s iShares Ethereum Trust Somehow Manages to Suck in a Billion Dollars From People Who Probably Regret Buying It Now

BitcoinCrypto NewsEthereum 3 Barry Thompson August 22, 2024

An illustration depicting an overflowing bucket with dollar signs pouring out from it as the surrounding water level rises; in the background a sinking ship labeled 'Investor Regret' is seen going down into the depths while nearby fish swim away frantically. A faint image of Ethereum's logo can be seen on one side of the bucket, and BlackRock's iShares ETF symbol appears above the overflowing dollar signs. The scene takes place at sunset with hues of orange and red in the sky as a subtle reminder that it is late afternoon when investors are likely to realize their regret.

It seems like BlackRock is trying hard to make us believe that people are actually interested in their Ether exchange-traded fund (ETF). But let’s be real here – who needs an ETF when you can just buy some worthless Ethereum online? It’s not like it’s going anywhere anytime soon. And what exactly does “cash flow producing” mean, anyway? Is the blockchain network paying its validators with actual cash or is that just another made-up term to make crypto sound more appealing.

Source: cointelegraph

BlackRock’s iShares Ethereum Trust approaches $1B in net inflows — Morningstar
https://cointelegraph.com/news/blackrock-ishares-ethereum-trust-approaches-1-billion-net-inflows-morningstar
BlackRock’s Ether exchange-traded fund (ETF) has reached approximately $1 billion in net inflows, underscoring its lead among rival ETF ETFs, according to data from fund researcher Morningstar shared with Cointelegraph.  According to Morningstar, the iShares Ethereum Trust (ETHA) has pulled in $992 million in net inflows, putting the fund on track to surpass the $1-billion mark imminently.  “It’s very likely, but not a certainty” that ETHA will crest $1 billion […]

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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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