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BREAKING: Fidelity Ethereum ETF Implodes in Most EPIC Collapse Since Its Inception – People Are Finally Wising Up to This ‘Store of Value’ Joke!

Crypto NewsEthereumFeatured Sam Rogers October 4, 2024

A illustration depicting a sinking ship with 'Fidelity Ethereum Fund' written in bold letters across its stern. The ship is surrounded by waves and debris as it descends into the depths below. In the background, two other ships (Grayscale's ETHE and Bitwise ETHW) are shown struggling to stay afloat amidst similar turmoil.

The Ethereum ETF exodus continues! It seems like everyone’s favorite cryptocurrency is losing steam faster than a crypto bro’s beard after a bad wax job. Fidelity’s Ethereum Fund (FETH) saw its largest daily outflows since launch, with $25 million fleeing the fund on Oct 1st. That’s right folks, more people are bailing on this ‘store of value’ than ever before! And it gets better – Grayscale’s ETHE is still holding onto the record for daily outflows (who knew that was a thing?), but FETH has become the second-highest in total investments with $453.5 million… or about 40% less than BlackRock’s iShares Ethereum Trust, which leads at over $1.14 billion! Talk about being left behind like a relic of the crypto bubble!.

Source: cointelegraph

Fidelity Ethereum ETF records largest daily outflows since launch
https://cointelegraph.com/news/fidelity-ethereum-fund-sees-record-daily-outflow
Investment outflows from the Fidelity Ethereum Fund (FETH) exceeded $25 million on Oct. 1, marking a new all-time high in daily outflows among all other United States-based spot Ether exchange-traded funds (ETFs), excluding the Grayscale Ethereum Trust (ETHE). On Oct. 1, the spot Ether (ETH) ETFs saw cumulative outflows of $48.6 million across nine issuers. FETH, ETHE and the Bitwise Ethereum ETF (ETHW) contributed $25 million, $26.6 million and $0.9 […]

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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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