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US Just Can’t Get Enough of Losing Money to Ethereum ETFs and Still Wants More

Crypto NewsRegulation/NegotiationRetail Investors 1 Kevin Nelson August 16, 2024

An illustration of a sinking ship with an anchor labeled 'ETF' dragging it down into dark waters below, while above on the surface other ships are shown sailing away in different directions but one is seen going towards the horizon. The background features two large waves crashing against each other and creating massive amounts of foam that resemble dollar signs. In the distance a faint outline of an island can be seen with palm trees swaying gently in the breeze, symbolizing stability and calmness.

The cryptocurrency community is still trying to wrap its head around this one – a bunch of people are losing money so fast it’s like they’re being robbed blind! Nine US Ethereum ETFs have experienced their fourth consecutive day of outflows, with $98.29 million withdrawn on Monday alone. That’s right folks, these “investors” (read: suckers) can’t get enough of throwing their hard-earned cash into the void that is cryptocurrency

Source: bitcoin.com

US Ethereum ETFs See Fourth Straight Day of Outflows
https://news.bitcoin.com/us-ethereum-etfs-see-fourth-straight-day-of-outflows
According to the latest data, the nine U.S.-based ethereum exchange-traded funds (ETFs) experienced their fourth consecutive day of outflows on Monday, amounting to a $98.29 million reduction. These outflows have pushed the cumulative net inflow into the negative, amounting to a sum of -$439.64 million since July 23. The U.S. ether ETFs faced another day of outflows, according to data from sosovalue.xyz. On Monday, July 29, 2024, $98.29 million was […]

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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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