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You Won’t Believe the Absolute Pandemonium as Investors Flood Into Bitcoin and Ethereum Etfs With Half a Billion Dollars – Is This Financial Madness or Genius?

BitcoinCrypto NewsEthereum Linda Williams October 5, 2024

A chaotic illustration depicting two giant money bags bursting open, spilling out overflowing stacks of gold coins and dollar bills as they tumble into a churning sea below. In the distance, a massive bitcoin logo rises from the waves like an island, while in the foreground, a smaller ethereum symbol is submerged beneath the surface.

The great unwashed masses continue to throw their money at Bitcoin and Ethereum ETFs like they’re trying out for some sort of bizarre, financial version of a participation trophy. And why not? It’s not like anyone actually understands what any of this means or how it works – just ‘throw the dice’ as Jemima Kelly so aptly put it. Nearly half a billion dollars in inflows is quite impressive…for something that has no inherent value, I mean.

Source: bitcoin.com

Bitcoin ETFs Pull in Nearly Half a Billion as Ethereum ETFs Join the Party
https://news.bitcoin.com/bitcoin-etfs-pull-in-nearly-half-a-billion-as-ethereum-etfs-join-the-party
On Friday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their upward momentum, raking in a sizable $494.27 million in inflows. Spot ethereum ETFs followed suit, adding $58.65 million to their tally. Data from sosovalue.xyz shows that 12 U.S. spot bitcoin ETFs collectively brought in $494.27 million. ARKB led the pack, pulling in a net gain of $203.07 million. Hot on its heels was FBTC, securing $123.61 million, while IBIT claimed […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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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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