US Investors Flee to Their Parents’ Basements After Realizing They’ve Invested in Something Called “Ethereum

Crypto News Hack NFTs 3 Kevin Nelson August 15, 2024

An illustration of an investor sitting at their desk with stacks of worthless papers labeled "Ethereum" next to them, looking out the window as they watch money flying away from their basement apartment through broken windows and torn curtains. The room is cluttered with old furniture and trash while a faint image of a parent's voice can be heard in the background saying something about how things will get better someday. In the corner, an empty pizza box has "I'm sorry" scribbled on it. A small cat sits next to the investor looking worried as they stare at their worthless papers with despair.

The sweet taste of schadenfreude! It seems like some poor souls have finally realized that investing in Ethereum was not as bright an idea as they thought. A whopping $77 million outflow from US-based spot ethereum ETFs? That’s music to my ears

Source: bitcoin.com

US Spot Ethereum ETFs Record $77.21M Outflow

https://news.bitcoin.com/us-spot-ethereum-etfs-record-77-21m-outflow

On Wednesday, U.S.-based spot ethereum exchange-traded funds (ETFs) experienced a day of outflows, with $77.21 million withdrawn from the funds. While six ETFs reported inflows, Grayscale’s Ethereum Trust (ETHE) saw a substantial reduction of $133.33 million. The nine spot ether ETFs collectively recorded a trading volume of $472.5 million and net outflows of $77.21 million on Wednesday. Grayscale’s ETHE shed $133.33 million, whereas Franklin Templeton’s EZET and Invesco’s QETH remained […]

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Crypto Funds Crypto Markets Ethereum (ETH) Layer-2 Blockchains Liquidity Momentum

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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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US Investors Flee to Their Parents’ Basements After Realizing They’ve Invested in Something Called “Ethereum

Kevin Nelson

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