Rare occurrence: Institutional-grade firm engages in hilarious self-deprecation
, a well-known investment management firm, recently launched its Ethereum ETF, which turned out to be a lemon right from the get-go. The ETF generated a meager $2 million in trading volume, a far cry from the performance of Bitcoin futures ETFs, which accomplished 500 times that amount on their first day during a bull market.
Surprisingly, VanEck took to Twitter to respond to the criticism with a tweet that read,"LOW VOLUME, just like your jpegs." Considering the company's conservative nature and the seriousness with which it usually conducts its business, this tweet was unexpected and caught theThe tweet was a game-changer. It not only deflected the criticism but also won the hearts of"crypto bros" who had been mocking the firm.
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