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ETF Investors Discover It Takes 5 Whole Days for Funds to Abandon Sinking Ship

An illustration of a sinking ship at sea on fire and losing cargo boxes into the water below while nearby ships are sailing away from it; one is seen with an arrow pointing upwards indicating rising investment flows. The background has dark stormy clouds, contrasting with bright sunlight shining through in the distance where calm waters meet clear blue skies. A faint outline of a lighthouse can be made out on the horizon. In the foreground, flames engulf parts of the ship's deck and smoke billows into the air as it continues to list heavily to one side.

The crypto-love is strong this week! It seems like everyone and their grandma has decided that Ethereum ETFs are a great way to lose money – five days straight of outflows? That’s just peachy. I mean, who needs returns when you can have the satisfaction of watching your investments dwindle away.

Source: cointelegraph

The spot Ether (ETH) exchange-traded funds (ETFs) of the United States have cumulatively lost investments for five straight days, recording its longest outflow within one month since their launch on July 23. Most of the investments made by the recently approved nine Ethereum ETFs have been overshadowed by the Grayscale Ethereum Trust (ETHE) outflows, which exceeded over $2.5 billion as of Aug. 21. Investments from ETHE have been offloaded daily, […]

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