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Blackrock’s New ETHA ETF: Because Who Needs Actual Wealth When You Can Have Digital Hot Air?

Crypto NewsDeFiEthereum Barry Thompson August 16, 2024

An illustration of an old-fashioned hot air balloon rising into the sky with digital currency symbols (ETH) floating away from it in all directions while being chased by a flock of birds representing institutional investors and asset managers; below them lies a cityscape, but buildings are replaced with cryptic financial charts. The balloon is labeled as "Blackrock's New ETHA ETF" and has an arrow pointing upwards to indicate growth. In the background, there is a faint image of Grayscale’s ETHE fund being left behind in its wake.

Well well well! Looks like more suckers are about to throw their money into digital “assets” that have no inherent value and are created from thin air by computers. Congratulations, Blackrock, on your new Ethereum Trust ETF (ETHA). I’m sure it’ll be a huge success… for you. You get to charge those poor investors 0.12% in fees while they watch their money evaporate into the ether

Source: bitcoin.com

Spot Ethereum ETFs Set to Launch: Blackrock Highlights Rising Demand for Digital Asset ETFs
https://news.bitcoin.com/spot-ethereum-etfs-set-to-launch-blackrock-highlights-rising-demand-for-digital-asset-etfs
Spot ethereum exchange-traded funds (ETFs) are set to debut on Tuesday, July 23, 2024, following approval from the U.S. Securities and Exchange Commission (SEC). Blackrock, the world’s largest asset manager, announced that its Ishares Ethereum Trust ETF (ETHA) will commence trading on Nasdaq on Tuesday, featuring a one-year fee waiver of 0.12% for the first $2.5 billion in assets under management (AUM). Nine spot bitcoin ETFs are slated for public […]

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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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