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Buckle Up Buttercup 22 Billionaire Dads Just Realized They’re Also Poor at Investing and It’s About to Get Ugly

Crypto NewsRegulation/NegotiationRetail Investors 3 Barry Thompson August 16, 2024

An illustration of a rollercoaster with investors as passengers wearing seatbelts while riding through an upslope section; some riders have their hands up in excitement or relief, others look worried or asleep; the background is filled with clouds and sky. In the foreground, two figures are shown standing near the tracks: one holding a briefcase labeled "ETFs" and looking at a chart on his phone while another figure looks concerned, pointing to an arrow indicating downward motion. The rollercoaster's track splits into multiple paths ahead, some rising higher than others;

The never-ending saga that is crypto continues unabated – it’s like watching paint dry but with more financial ruin for those poor souls who still believe this nonsense will somehow magically make them rich overnight. The US Bitcoin ETFs have seen $44 million in inflows because apparently people are too dim to understand the inherent value of a commodity, which in this case is nothing at all

Source: bitcoin.com

US Bitcoin ETFs Draw $44.51M in Inflows; GBTC Sees Another Round of Outflows
https://news.bitcoin.com/us-bitcoin-etfs-draw-44-51m-in-inflows-gbtc-sees-another-round-of-outflows
While U.S. spot ether exchange-traded funds (ETFs) experienced outflows on Wednesday, bitcoin ETFs saw inflows totaling $44.51 million. Blackrock’s IBIT led with gains of $65.99 million, followed by Ark Invest’s and 21shares’ ARKB with $3.29 million. During Wednesday’s trading sessions, U.S. spot bitcoin ETFs accumulated $44.51 million. These gains have increased the total inflows for the 11 funds to $17.5 billion since Jan. 11, 2024. The day recorded around $1.5 […]

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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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