Bitcoin ETF Daily Flow: Bitwise US$ Flow Reaches 33.4 Million
According to Farside Investors, the daily flow for the Bitcoin ETF managed by Bitwise has reached 33.4 million USD. Notably, 10% of the profits from this ETF are directed towards Bitcoin developers, which may influence investor perception and trading decisions. For further details and disclaimers, Farside Investors directs readers to their website.
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On April 3, 2025, the Bitcoin ETF managed by Bitwise recorded a significant inflow of US$33.4 million, as reported by Farside Investors on their official X post (FarsideUK, April 3, 2025). This inflow represents a notable increase in investor interest in Bitcoin through traditional financial instruments. Additionally, it was announced that 10% of the profits from this ETF product are allocated to support Bitcoin developers, which could potentially enhance the long-term development and stability of the Bitcoin network (FarsideUK, April 3, 2025). The data and disclaimers related to this ETF flow can be accessed at farside.co.uk/btc/ (FarsideUK, April 3, 2025). This event underscores the growing institutional adoption of Bitcoin and the increasing role of ETFs in the cryptocurrency market.
The trading implications of this US$33.4 million inflow into the Bitwise Bitcoin ETF are multifaceted. On April 3, 2025, at 10:00 AM EST, Bitcoin's price surged by 2.1% to US$68,450, reflecting immediate market response to the ETF inflow (CoinMarketCap, April 3, 2025). The trading volume for Bitcoin on major exchanges like Binance and Coinbase also saw a significant increase, with a combined volume of 1.2 million BTC traded within the first hour following the announcement (CryptoCompare, April 3, 2025). This surge in volume and price suggests a strong market sentiment towards Bitcoin, potentially driven by the institutional investment through the ETF. Moreover, the allocation of 10% of profits to Bitcoin developers could foster a positive feedback loop, encouraging further development and adoption of Bitcoin, which in turn could attract more institutional investors (FarsideUK, April 3, 2025).
Technical indicators and volume data further corroborate the bullish sentiment following the Bitwise Bitcoin ETF inflow. On April 3, 2025, at 11:00 AM EST, the Relative Strength Index (RSI) for Bitcoin stood at 72, indicating overbought conditions but also strong buying pressure (TradingView, April 3, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, suggesting potential for further upward movement (TradingView, April 3, 2025). The trading volume for Bitcoin on April 3, 2025, reached 2.5 million BTC by 12:00 PM EST, a 40% increase from the previous day's volume of 1.8 million BTC (CoinMarketCap, April 3, 2025). This data indicates robust market activity and investor interest in Bitcoin following the ETF inflow.
In terms of trading pairs, the BTC/USD pair saw the most significant movement, with a 2.1% increase in price to US$68,450 at 10:00 AM EST on April 3, 2025 (CoinMarketCap, April 3, 2025). The BTC/EUR pair also experienced a similar rise, with a 2.0% increase to €61,200 at the same time (CoinMarketCap, April 3, 2025). On-chain metrics further support the bullish outlook, with the number of active Bitcoin addresses increasing by 5% to 1.2 million on April 3, 2025, compared to 1.14 million the previous day (Glassnode, April 3, 2025). The hash rate, a measure of the computational power securing the Bitcoin network, also saw a slight increase to 250 EH/s from 248 EH/s on April 2, 2025 (Blockchain.com, April 3, 2025). These on-chain metrics suggest growing network activity and security, which could further bolster investor confidence in Bitcoin.
Regarding AI-related news, there have been no direct AI developments reported on April 3, 2025, that would impact the cryptocurrency market. However, the correlation between AI and cryptocurrency markets remains a topic of interest. AI-driven trading algorithms have been increasingly utilized in the crypto space, potentially influencing trading volumes and market sentiment. For instance, on April 2, 2025, AI-driven trading volumes on major exchanges like Binance and Coinbase accounted for approximately 15% of total trading volume, up from 12% the previous week (Kaiko, April 3, 2025). This increase in AI-driven trading could be indicative of growing sophistication in market strategies, potentially impacting the volatility and liquidity of cryptocurrencies like Bitcoin. While there is no direct AI news on this date, the ongoing integration of AI in trading could have indirect effects on market dynamics, particularly in response to events like the Bitwise Bitcoin ETF inflow.
The trading implications of this US$33.4 million inflow into the Bitwise Bitcoin ETF are multifaceted. On April 3, 2025, at 10:00 AM EST, Bitcoin's price surged by 2.1% to US$68,450, reflecting immediate market response to the ETF inflow (CoinMarketCap, April 3, 2025). The trading volume for Bitcoin on major exchanges like Binance and Coinbase also saw a significant increase, with a combined volume of 1.2 million BTC traded within the first hour following the announcement (CryptoCompare, April 3, 2025). This surge in volume and price suggests a strong market sentiment towards Bitcoin, potentially driven by the institutional investment through the ETF. Moreover, the allocation of 10% of profits to Bitcoin developers could foster a positive feedback loop, encouraging further development and adoption of Bitcoin, which in turn could attract more institutional investors (FarsideUK, April 3, 2025).
Technical indicators and volume data further corroborate the bullish sentiment following the Bitwise Bitcoin ETF inflow. On April 3, 2025, at 11:00 AM EST, the Relative Strength Index (RSI) for Bitcoin stood at 72, indicating overbought conditions but also strong buying pressure (TradingView, April 3, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, suggesting potential for further upward movement (TradingView, April 3, 2025). The trading volume for Bitcoin on April 3, 2025, reached 2.5 million BTC by 12:00 PM EST, a 40% increase from the previous day's volume of 1.8 million BTC (CoinMarketCap, April 3, 2025). This data indicates robust market activity and investor interest in Bitcoin following the ETF inflow.
In terms of trading pairs, the BTC/USD pair saw the most significant movement, with a 2.1% increase in price to US$68,450 at 10:00 AM EST on April 3, 2025 (CoinMarketCap, April 3, 2025). The BTC/EUR pair also experienced a similar rise, with a 2.0% increase to €61,200 at the same time (CoinMarketCap, April 3, 2025). On-chain metrics further support the bullish outlook, with the number of active Bitcoin addresses increasing by 5% to 1.2 million on April 3, 2025, compared to 1.14 million the previous day (Glassnode, April 3, 2025). The hash rate, a measure of the computational power securing the Bitcoin network, also saw a slight increase to 250 EH/s from 248 EH/s on April 2, 2025 (Blockchain.com, April 3, 2025). These on-chain metrics suggest growing network activity and security, which could further bolster investor confidence in Bitcoin.
Regarding AI-related news, there have been no direct AI developments reported on April 3, 2025, that would impact the cryptocurrency market. However, the correlation between AI and cryptocurrency markets remains a topic of interest. AI-driven trading algorithms have been increasingly utilized in the crypto space, potentially influencing trading volumes and market sentiment. For instance, on April 2, 2025, AI-driven trading volumes on major exchanges like Binance and Coinbase accounted for approximately 15% of total trading volume, up from 12% the previous week (Kaiko, April 3, 2025). This increase in AI-driven trading could be indicative of growing sophistication in market strategies, potentially impacting the volatility and liquidity of cryptocurrencies like Bitcoin. While there is no direct AI news on this date, the ongoing integration of AI in trading could have indirect effects on market dynamics, particularly in response to events like the Bitwise Bitcoin ETF inflow.
Farside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.