So, it appears people are still throwing money at the internet. Specifically, at Bitcoin and Ethereum. On October 27th, these so-called “spot ETFs” – which, frankly, sound like something you’d use to remove a stain – managed to hoover up a combined $283 million. That’s right, a quarter of a billion dollars. For…digital nothingness. 🤷
Bitcoin, naturally, was the biggest beneficiary, snagging $149 million. Apparently, the allure of a currency invented by someone who goes by a pseudonym is still strong. It’s their third day in a row of being popular…which, in the world of crypto, is practically an eternity. 🕰️
Ethereum wasn’t far behind with $134 million, and here’s a genuinely shocking detail: all nine of the Ethereum funds didn’t have a single outflow. Not one! Which suggests either an extraordinary level of conviction or, perhaps, a worrying amount of people who are simply unable to access their wallets. 🤔
Analysts are babbling about “growing market optimism” and “rising institutional confidence.” Sounds a bit dramatic, doesn’t it? It’s mostly just people hoping these digital tokens don’t suddenly plummet in value, leaving them explaining the investment to a spouse. 😬 But, hey, who am I to judge? Maybe I’m just missing out on the future of finance…though I suspect the future involves fewer things that aren’t physically real.
Read More
- Gold Rate Forecast
- The Boys: Sister Sage’s Major Weakness Revealed In Gen V Season 2
- Avengers: Doomsday Rumor Addresses Tom Holland’s Spider-Man Status
- Chris O’Donnell Would Love a Grey’s Anatomy Reunion on 911 Nashville
- New Research Suggests US Gamers Buy Less New Titles Than You Might Think
- Does Escape from Duckov have controller support? Here’s the full breakdown
- ‘Georgie & Mandy’s First Marriage’ Showrunner Teases Their Split
- Brent Oil Forecast
- Twitch CEO responds to concerns AI streamers will take over platform
- OpenSea’s SEA Token: A Crypto Odyssey or Just Another NFT Mirage? 🌊💰
2025-10-28 09:37