In the waning days of summer, August 1st—ah, what a day!—was marked by a flood of investor withdrawals from the once-glittering pools of Bitcoin ETFs. A staggering $812 million vanished, marking the second-largest daily hemorrhage in history. Fidelity’s darling, Bitcoin ETF (FBTC), alone saw its coffers shrink by a cool $331 million. Meanwhile, the Ethereum ETFs—those daredevils who had just enjoyed twenty days straight basking in growth—decided to take an unceremonious plunge, losing $152 million.
Oh, the drama! It seems our wary financiers are finally feeling pangs of doubt. The market, that capricious mistress, continues to dance wildly, and investors, perhaps with a sigh and a slight shrug, are retreating, fleeing the volatile scene like cats from a puddle. Such is the cost of daring to dream of digital riches—sometimes, the dream turns into a nightmare. 📉😅
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2025-08-02 09:22