Background

BREAKING: Crypto ETFs Imploding Like Your Uncle’s Ponzi Scheme, Losing $57 MILLION IN ONE DAY Because Who Needs Actual Returns When You Can Just Print More Money?

BitcoinCrypto NewsEthereum Sam Rogers October 5, 2024

A illustration depicting a sinking ship with 'Crypto ETFs' written on its side in bold letters. The ship is surrounded by waves labeled '$57 MILLION', while other ships nearby are shown to be rising up, representing the funds that have gained value. In the background, dollar signs and money bags can be seen floating away from the sinking vessel.

The cryptocurrency faithful are at it again! Spot ETH and BTC ETFs have been hit with withdrawals, losing a whopping $54.13 million and $3.2 million respectively. Because who needs actual value in their investments when you can just make stuff up on the internet? The funds saw massive outflows after enjoying gains just 24 hours prior – because that’s what happens when people realize they’ve invested in nothing more than hot air. Grayscale’s ETHE took a particularly nasty hit, shedding $14.69 million alone. Meanwhile Blackrock’s ETHA fund tried to stem the bleeding by pulling in $12.08 million in positive inflows. But let’s be real folks, it’s not like any of this is going to stop the inevitable collapse of these ‘investments’. The writing has been on the wall for years – only a fool would still be holding onto their crypto at this point.

Source: bitcoin.com

Spot ETH and BTC ETFs Hit by Withdrawals, Losing $54.13M and $3.2M Respectively
https://news.bitcoin.com/spot-eth-and-btc-etfs-hit-by-withdrawals-losing-54-13m-and-3-2m-respectively
The latest figures reveal that 12 U.S. spot bitcoin exchange-traded funds (ETFs) faced $54.13 million in net outflows on Thursday. Similarly, nine spot ether ETFs weren’t spared, as they saw $3.2 million pulled from their funds. On Oct. 3, 2024, the nine spot ethereum ETFs posted losses after enjoying gains just a day earlier. The funds saw $3.2 million withdrawn, largely driven by Grayscale’s ETHE, which shed $14.69 million on […]

Tagged as:

Share on

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.

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.”

More posts

Previous

Next

You may also like

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.

We are the internet’s finest destination for poking fun at the wild world of cryptocurrency! We transform the bewildering jargon and frantic hype of the crypto market into a comedy spectacle that’s almost as volatile as crypto itself.

ABOUT
CONTACT
PRIVACY
IMPRINT
© 2024 Cryptobro Magazine
X-twitter