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Ethereum ETF Investors Just Got Served a 300 Billion Dollar Reality Check

AltcoinsBitcoinCrypto News 2 Kevin Nelson August 15, 2024

An illustration of a giant hammer smashing into an inflated balloon with dollar signs and broken chains attached to it; in the background, people running away from falling debris amidst chaos. The shattered remains of the balloon are floating upwards while its fragments fall down towards the ground below. A faint outline of a clock can be seen on one side of the illustration, ticking backwards as time runs out. In contrast, other areas depict scenes of growth and abundance with lush greenery sprouting from cracks in the pavement amidst scattered dollar bills.

Another day, another bunch of suckers losing their shirts on cryptocurrency! It’s like they say: “If you want to make a small fortune in crypto, start with a large one.” And what do we have here? Ethereum ETFs hemorrhaging cash – $133M outflows because Grayscale decided to dump its ETHE holdings. You’d think these guys would’ve learned by now that this whole ‘get rich quick’ nonsense is just that: nonsense

Source: bitcoin.com

Ethereum ETFs Face $133M Outflows as Grayscale’s ETHE Divests $326M
https://news.bitcoin.com/ethereum-etfs-face-133m-outflows-as-grayscales-ethe-divests-326m
Based on recent data, after a period of inflows, nine U.S. spot ethereum exchange-traded funds (ETFs) experienced withdrawals totaling $133.16 million on Wednesday. The majority of these withdrawals came from Grayscale’s ETHE, which saw a significant $326.86 million in outflows on July 24. U.S. spot ethereum (ETH) ETFs experienced $133.16 million in outflows on Wednesday, following Tuesday’s inflows of approximately $106.78 million. Roughly $1.05 billion was traded among the nine […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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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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