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Ether ETF Inflows Suddenly Turn Positive, Because What Could Possibly Go Wrong With This Entire Concept?

Crypto NewsEthereumNews 2 Doug Martinez August 30, 2024

A comic-style illustration of an Ethereum logo being pulled up by a rope with multiple hands attached to it, while below, a graph shows Ether's price plummeting and then slowly recovering.

After two weeks of crypto bros crying themselves to sleep at night because their precious Ether ETF inflows turned negative, BlackRock finally came through with a whopping $8.4 million in daily inflows into its ETHA fund. But let’s not get too excited here – we’re still talking about numbers that are roughly equivalent to the amount of money Jemima Kelly spent on her last lunch at The Ivy.

Source: cointelegraph

Ether ETF flows turn positive for first time in 2 weeks, bolstered by BlackRock
https://cointelegraph.com/news/ether-etf-inflows-turn-positive-first-time-2-weeks-bolstered-blackrock
Inflows into Ether exchange-traded funds (ETFs) have turned positive for the first time in over two weeks. The nine US spot Ether (ETH) ETFs recorded a cumulative $5.9 million worth of net positive inflows, marking the first green day since Aug. 14. BlackRock’s ETF (ETHA) saw the largest daily inflow of $8.4 million, according to Farside Investors data. Ethereum ETF Flow (USD, million). Source: Farside Investors Inflows turned positive thanks […]

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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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