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

BitcoinCrypto NewsEthereum 3 Doug Martinez August 22, 2024

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

Spot Ethereum ETFs record longest outflow streak amid drying investments
https://cointelegraph.com/news/ethereum-etfs-record-longest-outflow-five-days
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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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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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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