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When Bitcoin ETFs Make a Killing and Ethereum Ones Get Left in the Dust: Because Who Needs Sanity When You Can Just Print More Money?

BitcoinCrypto NewsEthereum Sam Rogers October 4, 2024

An illustration depicting a bitcoin bull riding high on a wave of moneybags while an ethereum bear struggles underwater with anchors weighing it down.

The thrill-a-minute world of cryptocurrency ETFs! Where billions are made and lost with a single trade. I mean, who needs actual value or returns when you can just print more ‘numbers on a computer’ (as the great Jemima Kelly would say)? Bitcoin’s spot ETFs brought in $61.3 million this week, while its Ethereum counterparts hemorrhaged $822k – talk about a cryptocurrency divorce! Meanwhile, Blackrock and Fidelity are raking it in with their respective funds, because who needs regulation when you have marketing muscle? And don’t even get me started on the ‘stable’ GBTC fund that’s just sitting pretty at flat. I mean, what could possibly go wrong there…

Source: bitcoin.com

Bitcoin ETFs Surge Ahead With $61.3M Inflows, Ethereum ETFs Struggle
https://news.bitcoin.com/bitcoin-etfs-surge-ahead-with-61-3m-inflows-ethereum-etfs-struggle
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) attracted another round of inflows, netting $61.3 million. Meanwhile, the spot ethereum ETFs took a hit, with the nine funds collectively pulling out $822,290 during the trading session. The spotlight was on bitcoin ETFs, which gathered $61.3 million in new funds. Leading the pack, Blackrock’s IBIT gained $72.15 million, with Fidelity’s FBTC following closely, adding $8.32 million. However, not everyone saw gains—Bitwise’s […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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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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