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Cryptocurrency Price Movements Today: Bitcoin Dips Below $64K, Ether Drags on ETF Outflows

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1 year ago

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Cryptocurrency Price Movements Today: Bitcoin Dips Below K, Ether Drags on ETF Outflows

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 two-day outflows for Grayscale’s ETHE to $811 million.

These outflows from the Grayscale fund are expected to continue over the near term, as investors switch to cheaper ETF offerings or simply leave the market.

In total, outflows for spot ether ETFs were $133.3 million on Wednesday, according to Farside Investors. The Fidelity Ethereum Fund (FETH) had the strongest day among the spot ether ETFs, with $74.5 million of inflows.

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Other Crypto ETF News

On the bitcoin side of the spot crypto ETF market, there were $44.5 million in inflows Wednesday, according to Farside Investors.

Crypto asset manager Hashdex took another step toward the eventual launch of its proposed Hashdex Nasdaq Crypto Index US ETF with the filing of its S-1 registration form with the U.S. Securities and Exchange Commission (SEC). The proposed ETF would start with combined holdings of spot bitcoin and ether, in addition to potentially adding other crypto assets as they gain regulatory approval over time.

Marathon Digital Doubles Down on Bitcoin

Shares of bitcoin miner Marathon Digital Holdings (MARA) rose Thursday after it announced a $100 million bitcoin purchase. The company not only added to the stash of bitcoin on its books, it also committed to revert to its previous policy of “full HODL,” a crypto term for “hold on for dear life,” with all the bitcoin it mines going forward.

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Crypto

Bitwise Turns ‘Really Bullish’ on Ethereum and Solana as Stablecoins Drive Structural Demand Shift

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3 hours ago

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December 23, 2025

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Bitwise Turns ‘Really Bullish’ on Ethereum and Solana as Stablecoins Drive Structural Demand Shift
Bitwise says shifting crypto narratives are really bullish for Ethereum, Solana, and stablecoins, citing structural demand, ETF accumulation exceeding issuance, and regulatory momentum that could drive the market’s next growth phase into 2026 and beyond.
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Crypto

Summit County Sheriff’s Office recovers over $100,000 in cryptocurrency investigation

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15 hours ago

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December 23, 2025

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Summit County Sheriff’s Office recovers over 0,000 in cryptocurrency investigation

SUMMIT COUNTY, Ohio (WOIO) – A City of Green resident reported being the victim of a cryptocurrency investment fraud in early October, resulting in a significant financial loss and opening an investigation.

The Summit County Sheriff’s Office Detective Bureau initiated an investigation utilizing detailed information and financial records provided by the victim.

According to a release from the sheriff’s office, there was assistance from Jackson Township Police Department’s cryptocurrency recovery “Trace Team” and detectives were able to successfully trace and recover $110,000 of stolen funds.

The sheriff’s office reminds the public to remain alert regarding cryptocurrency investment scams and fake investment platforms.

These schemes often begin by encouraging small initial investments that appear to generate returns, creating a false sense of credibility.

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The sheriff’s office said once trust is established and larger investments are made, the funds are frequently transferred and become inaccessible.

For public safety, people are encouraged to thoroughly search any investment opportunity and exercise caution when dealing with unsolicited or online investment platforms.

The release from the sheriff’s office says that if anyone believes they may be a victim of cryptocurrency or investment fraud, they should immediately contact their local law enforcement agency and file an online complaint with the FBI’s Internet Crime Complaint Center at www.ic3.gov.

The Summit County Sheriff’s Office said it remains committed to protecting the community and working with partner agencies to investigate and combat financial crimes.

Copyright 2025 WOIO. All rights reserved.

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Crypto

Bitcoin Mining Promises Under Fire as SEC Alleges $48.5M Investor Funds Were Misused

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1 day ago

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December 22, 2025

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Bitcoin Mining Promises Under Fire as SEC Alleges .5M Investor Funds Were Misused
Federal regulators are tightening the vise on crypto investment schemes, spotlighting alleged fraud tied to bitcoin mining that raised nearly $100 million while misleading thousands of investors about operations, capacity and the use of their money.
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