'Betting Against Jim Cramer' Inverse Cramer ETF to be Retired with Negative Returns

Turtle Capital Management's Inverse Cramer ETF (SJIM), which bets against Jim Cramer's investment advice, will be delisted from the Chicago Board Options Exchange's (CBOE) BZX exchange on February 13, according to Cointelegraph. Since its launch in March of last year, SJIM has had just $2.4 million in cumulative trading volume and a negative 15% return. SJIM operates by taking a position in the opposite direction of every bet Jim Cramer makes publicly on CNBC or Twitter in order to select the weight of each ETF. In the stock and crypto community, Jim Cramer is mocked as a "human indicator" for his contrarian market predictions. "Jim Cramer isn't always wrong," says the media.

Meanwhile, on January 27, 115.5 BTC was transferred to an external wallet from a Bitcoin wallet that hadn't seen any on-chain activity in over a decade since its creation on August 28, 2013, according to cryptocurrency media outlet GinsuCharging. Two Bitcoin wallets that have been dormant since 2017 also saw 218.49 BTC transferred to other wallets, valued at approximately $4.84 million at the time of the transfer. That's about $9.16 million. The dollar value of the BTC transferred from these three long-term dormant addresses is approximately $14 million.