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Ethereum ETF Investors Finally Achieve Something Other Than Losing Money: Outflows Still Happen

BitcoinCrypto NewsEthereum 3 Sam Rogers August 15, 2024

An illustration of an investor holding onto their hat as it blows away from them amidst swirling financial charts and graphs with arrows pointing down; nearby is another chart showing inflows into ETFs while Grayscale's Ethereum Trust offloads funds. In the background are faint images of a calendar flipping to show four days of outflows followed by one day of gains, all set against a backdrop of falling mountains. The investor stands in front of an open door with 'Out' written on it and another closed door labeled 'In'. A small chart below shows net inflows still negative at -$405.

The eternal optimists at Grayscale’s Ethereum Trust (ETHE) have managed to offload an astonishing $120.28 million worth of ether-based assets this week alone! Meanwhile, their fellow crypto bros over at Blackrock’s ETHA are busy sucking in a paltry $117.98 million – what a thrilling tale of contrasts

Source: bitcoin.com

Ethereum ETFs Snap Losing Streak, Grayscale's Outflows Weigh In
https://news.bitcoin.com/ethereum-etfs-snap-losing-streak-grayscales-outflows-weigh-in
On Tuesday, U.S. spot ether exchange-traded funds (ETFs) experienced a day of inflows, ending four days of outflows. The nine ETFs collectively absorbed $33.67 million, though the figure could have been higher if not for Grayscale’s Ethereum Trust (ETHE), which offloaded $120.28 million. The ether-based ETFs in the United States garnered $33.67 million in inflows, with contributions from five different funds. Blackrock’s ETHA led the way, securing $117.98 million in […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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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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