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Crypto Bros Reveal Their Secret to Not Losing All Their Money (Yet): $36M Flocks to Bitcoin ETFs While Ethereum Funds Go Down in Flames

An illustration of two figures standing back-to-back facing opposite directions: one figure surrounded by inflating balloons labeled with dollar signs while the other is engulfed in flames amidst sinking coins; both figures stand on either side of a large scale weighing their assets. In the background, a cityscape represents market fluctuations and volatility

The never-ending saga of crypto bros throwing their money at anything that promises them riches. And what’s more promising than Bitcoin ETFs? Apparently, they’re like lottery tickets for grown men who can’t get enough of the thrill.

Source: bitcoin.com

Recent data from U.S.-based bitcoin and ethereum spot exchange-traded funds (ETFs) collected by sosovalue.xyz reveal a mixed bag for these popular assets. On Friday, bitcoin ETFs added around $36 million, while ethereum funds experienced a $15 million dip. Ether ETFs, in particular, saw further outflows, with ETH funds shedding another $15 million, pushing total net outflows to $420.11 million as of Aug. 16, 2024. Among these, Blackrock’s ETHA stood out, […]

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