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Crypto Collapse: Brokers Left Holding Billions in Worthless Paper Assets as Market Burns to a Crisp

A chaotic cityscape at dusk, buildings in flames as people run frantically through the streets with briefcases and laptops. A giant bitcoin logo burns in the background while a massive cryptocurrency chart crashes down on itself.

The crypto bros are at it again – desperately clinging onto their worthless paper assets as the rest of us watch from a safe distance. The latest numbers on US spot Bitcoin and Ethereum ETFs are just another nail in the coffin for these ‘investments’.

Source: bitcoin.com

Based on the latest data, U.S. spot bitcoin exchange-traded funds (ETFs) ended the day with net losses, while spot ethereum ETFs also experienced a decline. On Tuesday, the 12 spot bitcoin ETFs saw $18.66 million flow out, with a trading volume hitting $1.35 billion. Blackrock’s IBIT was the only standout, pulling in $39.57 million in positive inflows. Yet, these gains were overshadowed by Fidelity’s FBTC, which dropped $48.82 million, and […]

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