Key Takeaways
- Ether is down more than 7% Thursday and bitcoin briefly dipped below $64,000 before recovering somewhat.
- Spot ether exchange-traded funds (ETFs) posted $133.3 million of outflows in Day 2 of trading Wednesday, while the spot bitcoin ETFs had $44.5 million of inflows.
- Publicly traded bitcoin miner Marathon purchased $100 million worth of bitcoin.
- Hashdex took another step toward launching a combined bitcoin and ether ETF.
Bitcoin (BTC) dipped below $64,000 early Thursday before recovering to trade slightly above $65,000. Ether (ETH) prices fell more than 7% as investors continued to pull money of of Grayscale’s Ethereum Trust (ETHE).
Grayscale’s Ether ETF Outflows Weigh on Ether Price
After a strong Day 1 with $106.6 million of net inflows overall, spot ether ETFs on Wednesday experienced their first day of net outflows thanks to the $326.9 million that left the preexisting Grayscale product. This brings cumulative…
