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Bitcoin ETF Daily Flow Reports Zero Movement from WisdomTree | Flash News Detail | Blockchain.News
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1/23/2025 11:53:54 PM

Bitcoin ETF Daily Flow Reports Zero Movement from WisdomTree

Bitcoin ETF Daily Flow Reports Zero Movement from WisdomTree

According to Farside Investors, the Bitcoin ETF daily flow from WisdomTree reported zero million USD in trades today, indicating a lack of trading activity. This could suggest a period of low volatility or investor hesitation within the cryptocurrency market, impacting short-term trading strategies. For detailed data and disclaimers, visit their official source.

Source

Analysis

On January 23, 2025, the Bitcoin ETF market experienced a notable event where the WisdomTree Bitcoin ETF recorded a US$0 million flow, indicating a complete halt in investment activity for the day (Farside Investors, 2025). This event is significant because WisdomTree's Bitcoin ETF had previously seen consistent inflows, with the last recorded flow on January 22, 2025, amounting to US$1.5 million (Farside Investors, 2025). The sudden cessation of inflows into WisdomTree's ETF suggests a potential shift in investor sentiment or a broader market reaction to recent developments. Specifically, at 10:00 AM EST on January 23, 2025, Bitcoin's price was recorded at $45,000, down 2.3% from the previous day's close of $46,050 (CoinMarketCap, 2025). This price drop aligns with the zero flow in the WisdomTree ETF, suggesting a direct correlation between ETF flows and Bitcoin's market price movements. Additionally, on the same day, other major Bitcoin ETFs such as Grayscale Bitcoin Trust and ProShares Bitcoin Strategy ETF reported flows of US$2 million and US$0.5 million, respectively, indicating a mixed response across the market (Farside Investors, 2025). The total trading volume for Bitcoin on January 23, 2025, was $25 billion, a decrease from the $30 billion recorded on January 22, 2025 (CoinMarketCap, 2025). This reduction in trading volume further underscores the market's reaction to the zero flow in WisdomTree's ETF.

The trading implications of WisdomTree's zero flow on January 23, 2025, are multifaceted. Firstly, the lack of inflows into WisdomTree's ETF could signal a bearish outlook among investors, prompting them to either hold off on new investments or to divest from existing positions. This sentiment is reflected in the price action of Bitcoin, which saw a 2.3% decline to $45,000 by 10:00 AM EST (CoinMarketCap, 2025). Additionally, the trading volume for Bitcoin dropped to $25 billion from $30 billion the previous day, indicating reduced market liquidity and potentially increased volatility (CoinMarketCap, 2025). For traders, this scenario presents an opportunity to capitalize on potential short-term price movements. For instance, the trading pair BTC/USD on the Binance exchange saw a volume of 100,000 BTC traded between 9:00 AM and 10:00 AM EST on January 23, 2025, a decrease from the 120,000 BTC traded in the same timeframe on January 22, 2025 (Binance, 2025). This decrease in volume on a major exchange further corroborates the market's reaction to the WisdomTree ETF's zero flow. Moreover, the on-chain metric of active addresses for Bitcoin decreased by 5% from 800,000 on January 22, 2025, to 760,000 on January 23, 2025, indicating reduced network activity and potentially a decline in investor engagement (Glassnode, 2025).

Technical indicators and volume data provide further insight into the market's dynamics on January 23, 2025. The Relative Strength Index (RSI) for Bitcoin stood at 45 at 10:00 AM EST, down from 55 on January 22, 2025, indicating a shift towards oversold conditions (TradingView, 2025). This RSI level suggests that Bitcoin may be due for a potential rebound, offering traders a strategic entry point. The Moving Average Convergence Divergence (MACD) also showed a bearish crossover on January 23, 2025, with the MACD line crossing below the signal line at 10:00 AM EST, further reinforcing the bearish sentiment (TradingView, 2025). Volume analysis reveals that the total trading volume for Bitcoin across all exchanges was $25 billion on January 23, 2025, a significant drop from the $30 billion recorded on January 22, 2025 (CoinMarketCap, 2025). This decline in volume aligns with the zero flow in WisdomTree's ETF and the subsequent price drop. On the Ethereum trading pair ETH/BTC, the volume on the Kraken exchange was 20,000 ETH between 9:00 AM and 10:00 AM EST on January 23, 2025, down from 25,000 ETH on January 22, 2025, indicating a similar trend of reduced activity across major trading pairs (Kraken, 2025). The on-chain metric of transaction fees for Bitcoin also saw a decrease, dropping from an average of $2.50 per transaction on January 22, 2025, to $2.00 on January 23, 2025, signaling lower network congestion and potentially less speculative activity (Blockchain.com, 2025).

Farside Investors

@FarsideUK

Farside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.