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ETHTEH Is Down Like My Aunt at the Family Reunion After One Too Many Jell-O Shots

Crypto NewsRegulation/NegotiationRetail Investors 4 Kevin Nelson August 16, 2024

An illustration of an empty dance floor with two chairs at its center; one chair has a name tag reading 'ETHTEH' while the other is labeled as 'My Aunt'; both chairs have Jell-O shots on their tables and are surrounded by scattered party decorations. The walls behind them feature faded graffiti that reads "Party's Over" in bold letters, with broken balloons hanging from above; at floor level a trail of spilled drinks leads out into darkness. In the background, an abandoned DJ booth stands silent amidst discarded music equipment.

The crypto bros can’t catch a break! It seems like Grayscale’s ETHE has hemorrhaged $2 billion in just 9 trading days – that’s some impressive bleeding if I do say so myself. Meanwhile, the US spot ethereum exchange-traded funds (ETFs) are facing outflows of $54.27 million on Friday, because who needs inflows when you can have a good old-fashioned crypto crash? It’s like they say: “only criminals use it”, and apparently those same crooks don’t know how to stop hemorrhaging their investments

Source: bitcoin.com

Grayscale’s ETHE Hemorrhages $2 Billion in Just 9 Trading Days
https://news.bitcoin.com/grayscales-ethe-hemorrhages-2-billion-in-just-9-trading-days
On Friday, U.S. spot ethereum exchange-traded funds (ETFs) faced $54.27 million in outflows, a stark contrast to Thursday’s net inflow of $26.7 million, as indicated by recent data. Meanwhile, Grayscale’s Ethereum Trust (ETHE) has seen a reduction of over $2 billion in ethereum since July 23. The outflow trend continued on Friday, following Thursday’s inflows. The nine ether ETFs have recorded three days of inflows and six days of net […]

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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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