Background

When Will They Stop: Bitwise Unveils Latest ETF Scheme to Make You Rich With Math Wizardry

BitcoinCrypto NewsEthereum Sam Rogers October 7, 2024

An illustration of a rollercoaster with two tracks: one labeled 'Bitcoin' and the other 'Ethereum'. The train is shown shifting between the two tracks as it navigates twists and turns, symbolizing the momentum-based strategy that adjusts exposure to both cryptocurrencies in response to market trends. In the background, U.S. Treasury securities are depicted as a steady anchor holding down the rollercoaster's foundation.

The never-ending circus of crypto ETFs continues! Bitwise is at it again, trying to peddle its latest creation – a momentum-based fund that will supposedly make you rich by following trends in bitcoin and ether prices. Because what could possibly go wrong with using complex math formulas to predict the unpredictable world of cryptocurrency? I mean, who needs fundamental value or actual economic use when you can just create numbers on a computer screen and call it an asset class?.

Source: bitcoin.com

Bitwise Plans ETF Merger, Aims to Launch Momentum-Based Bitcoin and Ether Fund 
https://news.bitcoin.com/bitwise-plans-etf-merger-aims-to-launch-momentum-based-bitcoin-and-ether-fund
Asset manager Bitwise has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to merge three bitcoin and ethereum futures exchange-traded funds (ETFs) into a single fund. This new fund will utilize a momentum-based strategy, targeting both bitcoin and ether futures. According to the SEC filing, Bitwise plans to combine its Bitcoin Optimum Roll Strategy ETF, Ethereum Strategy ETF, and Bitcoin and Ether Equal Weight Strategy ETF into […]

Tagged as:

Share on

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.

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.”

More posts

Previous

Next

You may also like

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.

We are the internet’s finest destination for poking fun at the wild world of cryptocurrency! We transform the bewildering jargon and frantic hype of the crypto market into a comedy spectacle that’s almost as volatile as crypto itself.

ABOUT
CONTACT
PRIVACY
IMPRINT
© 2024 Cryptobro Magazine
X-twitter