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Ethereum’s Magic Powers Cause Spot Bitcoin ETFs to Mysteriously Lose $91,760,000 While It Does Fine and Dandy Because Reasons

A  illustration depicting a sinking ship with the words 'Bitcoin ETFs' written on its side, while an adjacent island is covered in lush greenery and has a sign reading 'Ethereum'. A massive wave crashes over the ship as it goes down, while a calm sea surrounds the Ethereum island. In the background, two contrasting sunsets are shown: one with dark clouds and lightning bolts above Bitcoin's sinking ship, and another peaceful sunset behind Ethereum's thriving island.

The never-ending saga of spot ETFs losing their shirts while Ethereum somehow manages not to completely tank is a true marvel of the crypto universe.

Source: bitcoin.com

U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day in the red, with $91.76 million flowing out of the funds. However, spot ethereum ETFs showed some resilience, pulling in $14.45 million in fresh inflows on Wednesday. On Oct. 2, 2024, the 12 U.S.-based spot bitcoin ETFs faced a collective outflow of $91.76 million. The day’s trade volume hit $1.66 billion, with Ark Invest and 21shares’ ARKB leading the downturn, losing […]

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