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YOU WON’T BELIEVE What Happened When the Average Joe Finally Wised Up and Pulled Their Cash Out of That Super-Unsafe, Totally-Unreliable Bitcoin Fund

BitcoinCrypto NewsEthereum 1 Kevin Nelson August 30, 2024

A cartoonish illustration depicting a giant Bitcoin fund (represented as a large bucket) with water pouring out through holes labeled 'Outflows', while another smaller bucket nearby is filling up from a faucet marked 'Inflows'. The background shows a downward-trending graph and two coins, one of which has fallen off the edge. A worried-looking investor in the foreground holds their head in despair.

The Crypto Bubble Pops: BlackRock’s Bitcoin ETF Sees Second-Ever Outflow of $13.5M.

Source: cointelegraph

BlackRock’s Bitcoin ETF registers second-ever outflow of $13.5M
https://cointelegraph.com/news/blackrock-ibit-bitcoin-etf-second-outflow-day-13-million
BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) has recorded its second-ever day of outflows since it launched in January. BlackRock’s ETF recorded a $13.5 million net outflow on Aug. 29, its second since its $36.9 million net outflow on May 1. According to Farside Investors data, this was also the worst joint outflow day on record for the Bitcoin (BTC) ETFs, at $563.7 million. In total, the 11 United States-based […]

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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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