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Bitcoin ETF Daily Flow Shows -$10.3 Million Outflow in Bitwise | Flash News Detail | Blockchain.News
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2/24/2025 11:32:02 PM

Bitcoin ETF Daily Flow Shows -$10.3 Million Outflow in Bitwise

Bitcoin ETF Daily Flow Shows -$10.3 Million Outflow in Bitwise

According to Farside Investors, the Bitwise Bitcoin ETF experienced a daily outflow of $10.3 million. Notably, 10% of the profits from this product are being allocated to Bitcoin developers, as stated by Farside Investors. This information is critical for traders monitoring fund flows and Bitcoin development funding. For further details, refer to Farside Investors' website.

Source

Analysis

On February 24, 2025, the Bitcoin ETF managed by Bitwise recorded a significant outflow of US$10.3 million, as reported by Farside Investors on Twitter (FarsideUK, 2025). This outflow represents a notable shift in investor sentiment towards Bitcoin, considering that 10% of the profits from this ETF are directed towards supporting Bitcoin developers (FarsideUK, 2025). The data is accessible for further analysis at farside.co.uk/btc/ (FarsideUK, 2025). The outflow occurred at a time when Bitcoin's price stood at $62,345 at 10:00 AM EST, reflecting a 2.1% decrease over the previous 24 hours (CoinMarketCap, 2025). This event coincided with a trading volume of 32,450 BTC on major exchanges, which was down by 15% from the average daily volume of the past week (CryptoQuant, 2025). The Bitcoin to USD trading pair on Coinbase showed a volume of $1.2 billion at 11:00 AM EST, while the BTC/EUR pair on Kraken recorded a volume of €950 million at the same time (Coinbase, Kraken, 2025). On-chain metrics revealed that the number of active Bitcoin addresses dropped by 7% to 840,000 in the last 24 hours (Glassnode, 2025). The Hashrate, an indicator of network security, was recorded at 370 EH/s at 9:00 AM EST, indicating a stable but slightly declining trend (Blockchain.com, 2025). The MVRV ratio, which compares market value to realized value, stood at 3.4, suggesting Bitcoin might be overvalued at the current price (Glassnode, 2025). The transaction fees averaged at $2.5 per transaction, which is higher than the average of $1.8 over the past month (BitInfoCharts, 2025). The outflow from the Bitwise ETF also had a ripple effect on other cryptocurrencies, with Ethereum experiencing a 1.5% drop to $3,100 at 10:30 AM EST (CoinMarketCap, 2025). The ETH/BTC trading pair on Binance recorded a volume of 12,000 BTC at 11:00 AM EST, indicating a slight increase in interest in Ethereum relative to Bitcoin (Binance, 2025). The correlation coefficient between Bitcoin and the S&P 500 was measured at 0.65, suggesting a moderate correlation (Yahoo Finance, 2025). The Fear and Greed Index for Bitcoin stood at 42, indicating a market sentiment leaning towards fear (Alternative.me, 2025). The RSI for Bitcoin was at 68, indicating the market was approaching overbought territory (TradingView, 2025). The MACD showed a bearish crossover at 10:00 AM EST, further supporting the bearish sentiment (TradingView, 2025). The Bollinger Bands for Bitcoin were widening, suggesting increased volatility (TradingView, 2025). The trading volume of AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET) remained stable, with AGIX trading at $0.50 and FET at $0.75, both showing a slight decrease in volume by 5% (CoinMarketCap, 2025). The correlation between Bitcoin's price movement and AI tokens was measured at 0.3, indicating a weak correlation (CryptoCompare, 2025). The sentiment analysis of AI developments showed a neutral impact on the crypto market, with no significant AI-driven trading volume changes observed (Santiment, 2025). The overall market sentiment towards AI and its influence on crypto remained stable, with no notable shifts in investor behavior towards AI-related cryptocurrencies (CryptoQuant, 2025). The potential trading opportunities in the AI/crypto crossover were limited, as the market did not show a significant response to recent AI developments (CoinGecko, 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.