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US Crypto Bro Reserve Accounts Now Hold More Money Than Most People’s 401Ks

Crypto NewsEthereumNFTs 1 Kevin Nelson August 15, 2024

An illustration of a giant piggy bank overflowing with gold coins and dollar bills spilling onto the ground amidst broken chains symbolizing freedom from financial constraints. A smaller piggy bank sits at its base filled to capacity, while in the background an image of a 401K plan document lies torn on the floor next to scattered papers representing lost savings. The overall atmosphere is one of abundance and liberation. In the foreground, gold coins are seen being poured into another large container labeled with the US flag as it rises above the scene signifying growth and prosperity.

The perpetual motion machine that is cryptocurrency has finally reached new heights with the introduction of nine Ethereum exchange-traded funds (ETF) and a whopping 10 billion dollars worth of reserves! Because who needs actual value or a functional economy when you can just print numbers on a computer? It’s like the crypto bros are screaming, “We’ve got it now! We’re going to make all that money!” Meanwhile, they completely ignore the fact that their precious Ethereum is still nothing more than an overhyped fad created by people who should know better

Source: bitcoin.com

US Ethereum ETFs Hold $10.24B in Reserves Following $106M in Inflows
https://news.bitcoin.com/us-ethereum-etfs-hold-10-24b-in-reserves-following-106m-in-inflows
Based on the recent data, the nine newly introduced ethereum exchange-traded funds (ETFs) saw $106.78 million in inflows on Tuesday. Blackrock took the lead with $266.55 million in trading volume throughout the day. The newly introduced ethereum ETFs performed admirably on Tuesday, registering their first day of gains. Over the course of the day, $1.11 billion was traded across all nine funds. They collectively garnered $106.78 million in gains, though […]

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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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