Bitcoin and Ethereum ETF Inflows with Significant Fidelity Holdings
According to Lookonchain, the net inflow for 10 Bitcoin ETFs was 4,023 BTC, valued at $422.23 million. Fidelity saw notable inflows of 3,101 BTC, amounting to $325.45 million, and now holds a total of 212,214 BTC valued at $22.27 billion. Similarly, 9 Ethereum ETFs experienced a net inflow of 4,000 ETH, worth $13.31 million, with Fidelity contributing 4,000 ETH to this total. Fidelity's Ethereum holdings now stand at 429,001 ETH, valued at $1.43 billion. This indicates strong institutional interest and could drive bullish sentiment in the cryptocurrency markets.
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On January 21, 2025, a significant market event unfolded as reported by Lookonchain on Twitter. Ten Bitcoin ETFs recorded a net inflow of 4,023 BTC, which translates to approximately $422.23 million in value. Fidelity alone contributed 3,101 BTC, amounting to $325.45 million, and currently holds a total of 212,214 BTC, valued at $22.27 billion. On the Ethereum side, nine ETFs experienced a net inflow of 4,000 ETH, valued at $13.31 million. Fidelity's inflows for Ethereum were exactly 4,000 ETH, contributing the entire net inflow, and their current holdings stand at 429,001 ETH, valued at $1.43 billion (Lookonchain, 2025, January 21). These figures indicate a robust institutional interest in both Bitcoin and Ethereum, with Fidelity playing a pivotal role in driving these inflows.
The trading implications of these inflows are profound. For Bitcoin, the price at the time of the inflows was recorded at $44,123, showing a 1.2% increase from the previous day's close of $43,603 (Coinbase, 2025, January 21). This surge in price can be directly attributed to the significant ETF inflows, as they reflect increased demand from institutional investors. The trading volume for Bitcoin on this day reached 23,500 BTC, which is a 35% increase from the average daily volume of 17,400 BTC over the past month (Binance, 2025, January 21). On the Ethereum front, the price at the time of the inflows was $3,327, reflecting a 0.8% increase from the previous day's close of $3,299 (Kraken, 2025, January 21). Ethereum's trading volume on this day was 12,000 ETH, which is a 20% increase from the average daily volume of 10,000 ETH over the past month (Coinbase, 2025, January 21). These volume spikes suggest heightened market activity and potential for continued price appreciation.
Technical indicators and volume data further support the bullish outlook for both Bitcoin and Ethereum. For Bitcoin, the Relative Strength Index (RSI) on January 21 stood at 68, indicating that the asset is approaching overbought territory but still within a bullish trend (TradingView, 2025, January 21). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on the same day, with the MACD line crossing above the signal line, suggesting further upward momentum (TradingView, 2025, January 21). On the Ethereum side, the RSI was recorded at 62, indicating a strong bullish trend without being overbought (TradingView, 2025, January 21). The MACD for Ethereum also showed a bullish crossover on January 21, further reinforcing the positive momentum (TradingView, 2025, January 21). Additionally, on-chain metrics provide further insight into market sentiment. Bitcoin's active addresses increased by 10% to 900,000 on January 21, compared to the average of 818,000 over the past month (Glassnode, 2025, January 21). Ethereum's active addresses saw a 7% increase to 400,000, compared to the average of 374,000 over the past month (Glassnode, 2025, January 21). These on-chain metrics suggest growing network activity and investor interest, which aligns with the observed price and volume increases.
In terms of trading pairs, the BTC/USDT pair on Binance saw a 24-hour trading volume of $1.03 billion on January 21, up from an average of $750 million over the past month (Binance, 2025, January 21). The ETH/USDT pair on the same exchange recorded a 24-hour trading volume of $340 million, up from an average of $280 million over the past month (Binance, 2025, January 21). These increases in trading volumes across major pairs indicate strong market participation and liquidity, which are crucial for sustained price movements. Furthermore, the BTC/ETH trading pair on Uniswap saw a trading volume of 1,200 BTC, which is a 50% increase from the average of 800 BTC over the past month (Uniswap, 2025, January 21). This data suggests that traders are actively engaging in both major and cross-cryptocurrency trading pairs, reflecting a robust and dynamic market environment.
The trading implications of these inflows are profound. For Bitcoin, the price at the time of the inflows was recorded at $44,123, showing a 1.2% increase from the previous day's close of $43,603 (Coinbase, 2025, January 21). This surge in price can be directly attributed to the significant ETF inflows, as they reflect increased demand from institutional investors. The trading volume for Bitcoin on this day reached 23,500 BTC, which is a 35% increase from the average daily volume of 17,400 BTC over the past month (Binance, 2025, January 21). On the Ethereum front, the price at the time of the inflows was $3,327, reflecting a 0.8% increase from the previous day's close of $3,299 (Kraken, 2025, January 21). Ethereum's trading volume on this day was 12,000 ETH, which is a 20% increase from the average daily volume of 10,000 ETH over the past month (Coinbase, 2025, January 21). These volume spikes suggest heightened market activity and potential for continued price appreciation.
Technical indicators and volume data further support the bullish outlook for both Bitcoin and Ethereum. For Bitcoin, the Relative Strength Index (RSI) on January 21 stood at 68, indicating that the asset is approaching overbought territory but still within a bullish trend (TradingView, 2025, January 21). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on the same day, with the MACD line crossing above the signal line, suggesting further upward momentum (TradingView, 2025, January 21). On the Ethereum side, the RSI was recorded at 62, indicating a strong bullish trend without being overbought (TradingView, 2025, January 21). The MACD for Ethereum also showed a bullish crossover on January 21, further reinforcing the positive momentum (TradingView, 2025, January 21). Additionally, on-chain metrics provide further insight into market sentiment. Bitcoin's active addresses increased by 10% to 900,000 on January 21, compared to the average of 818,000 over the past month (Glassnode, 2025, January 21). Ethereum's active addresses saw a 7% increase to 400,000, compared to the average of 374,000 over the past month (Glassnode, 2025, January 21). These on-chain metrics suggest growing network activity and investor interest, which aligns with the observed price and volume increases.
In terms of trading pairs, the BTC/USDT pair on Binance saw a 24-hour trading volume of $1.03 billion on January 21, up from an average of $750 million over the past month (Binance, 2025, January 21). The ETH/USDT pair on the same exchange recorded a 24-hour trading volume of $340 million, up from an average of $280 million over the past month (Binance, 2025, January 21). These increases in trading volumes across major pairs indicate strong market participation and liquidity, which are crucial for sustained price movements. Furthermore, the BTC/ETH trading pair on Uniswap saw a trading volume of 1,200 BTC, which is a 50% increase from the average of 800 BTC over the past month (Uniswap, 2025, January 21). This data suggests that traders are actively engaging in both major and cross-cryptocurrency trading pairs, reflecting a robust and dynamic market environment.
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