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Ethereum ETFs Reveal the Shocking Truth: We’ve Been Investing in a Giant Hole for Years and Nobody Told Us

AltcoinsBitcoinCrypto News 1 Barry Thompson August 16, 2024

An illustration depicting an empty hole in the ground with money pouring into it from above and below while people are seen running away from the scene looking shocked and frightened. The background is a dark grey color to represent uncertainty and chaos, contrasting with the bright colors of the falling coins which symbolize loss and decline. In the foreground, various financial charts and graphs can be seen crumbling down as if they were once stable but have now collapsed due to the outflows from ETHE.

The cryptocurrency world is at it again with more drama and chaos. It seems like Grayscale’s ETHE can’t catch a break as they report another massive single-day outflow of $31M. This brings their total negative flow to an astonishing $2.3B, which is just 25% less than its initial Ether holdings! One has to wonder what kind of financial wizardry this requires

Source: cointelegraph

Ethereum ETFs show mixed signals as ETHE reports $31M outflow
https://cointelegraph.com/news/ethereum-etfs-show-mixed-signals-as-ethe-reports-31-m-outflow
Grayscale’s Ethereum Trust ETF, ETHE, has reported a single-day net outflow of $31.01 million, marking a return to negative flows after a brief pause. This data, revealed by Farside Investors, indicates that the historical net outflow of ETHE has now reached $2.327 billion. According to the data, this reversal follows a day of zero flows on Aug. 12. Despite the negative flow for Grayscale’s ETHE, the overall market for Ethereum […]

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About the author

Barry Thompson

Barry’s crypto nightmare began when he bought Bitcoin at $3, thinking he’d stumbled upon the financial opportunity of a lifetime. He sold his stash at $100, only to watch in dismay as Bitcoin soared to absurd heights. Now, Barry channels his rage into scathing articles about the crypto circus, seething with resentment at the digital gold rush he barely missed. His motto: “I sold out at $100, but the joke’s on me because the real joke was believing in this absurd circus.”

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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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