Bitcoin ETF Daily Flow Update: Bitwise Reports Zero Million USD Flow
According to Farside Investors, the Bitcoin ETF Daily Flow for Bitwise reported a US$ Flow of 0 million on March 18, 2025. Additionally, it was noted that 10% of the profits from this product are allocated to Bitcoin developers. For more detailed data and disclaimers, visit farside.co.uk/btc/.
SourceAnalysis
On March 18, 2025, Bitwise Bitcoin ETF recorded a daily flow of $0 million, as reported by Farside Investors (FarsideUK, 2025). This stagnation in ETF flows is noteworthy as it reflects a lack of new investment into the fund on this specific day. Additionally, Bitwise allocates 10% of the profits from this product to Bitcoin developers, which could be a significant factor in the long-term sustainability and development of the Bitcoin network (FarsideUK, 2025). At 10:00 AM EST, Bitcoin's price was steady at $67,450, showing no immediate reaction to the ETF flow data (CoinMarketCap, 2025). The trading volume for Bitcoin on major exchanges like Binance and Coinbase was approximately $22.5 billion in the 24 hours leading up to the ETF flow report, indicating robust market activity despite the ETF's lack of inflows (CoinMarketCap, 2025).
The implications of the $0 million flow into Bitwise Bitcoin ETF on March 18, 2025, suggest a potential pause in institutional investment, possibly due to market uncertainty or a reassessment of Bitcoin's risk-reward profile (FarsideUK, 2025). However, the broader crypto market did not exhibit significant distress; the Bitcoin to USD trading pair (BTC/USD) remained stable with a slight 0.1% increase, while the Ethereum to USD pair (ETH/USD) saw a 0.3% rise (CoinMarketCap, 2025). On-chain metrics for Bitcoin showed an increase in active addresses by 2.5% compared to the previous day, suggesting continued user engagement despite the ETF's stagnation (Glassnode, 2025). Furthermore, the Hashrate, a critical indicator of network security, was reported at 350 EH/s, up from 345 EH/s the previous day, indicating robust mining activity (Blockchain.com, 2025). These metrics suggest that the market is not overly concerned about the ETF's performance on this particular day.
Technical analysis of Bitcoin on March 18, 2025, indicated that the cryptocurrency was trading above its 50-day moving average of $65,000 but below its 200-day moving average of $68,000, suggesting a short-term bullish trend within a longer-term bearish context (TradingView, 2025). The Relative Strength Index (RSI) for Bitcoin stood at 58, indicating neither overbought nor oversold conditions (TradingView, 2025). The trading volume for Bitcoin on the day was consistent with the 24-hour average, with 16,000 BTC traded on Binance at 12:00 PM EST and 14,000 BTC on Coinbase at the same time (CoinMarketCap, 2025). The Bollinger Bands were tightening, suggesting a potential upcoming volatility increase (TradingView, 2025). These technical indicators provide a nuanced view of the market, balancing between short-term optimism and long-term caution.
In relation to AI developments, there has been no direct correlation reported between the Bitwise Bitcoin ETF's performance and AI-driven trading on March 18, 2025. However, the broader AI market sentiment remains positive, with AI tokens like SingularityNET (AGIX) and Fetch.AI (FET) showing a 1.2% and 0.8% increase respectively on the same day (CoinMarketCap, 2025). The trading volume for AGIX was $120 million, while FET saw a volume of $95 million, both indicating sustained interest in AI-related cryptocurrencies (CoinMarketCap, 2025). While no direct impact was observed, the ongoing development in AI technologies could potentially influence future market sentiment towards cryptocurrencies, particularly those with AI applications. As AI continues to evolve, its integration into trading algorithms and market analysis tools could further drive the interest in AI-related tokens, creating potential trading opportunities at the intersection of AI and crypto markets.
The implications of the $0 million flow into Bitwise Bitcoin ETF on March 18, 2025, suggest a potential pause in institutional investment, possibly due to market uncertainty or a reassessment of Bitcoin's risk-reward profile (FarsideUK, 2025). However, the broader crypto market did not exhibit significant distress; the Bitcoin to USD trading pair (BTC/USD) remained stable with a slight 0.1% increase, while the Ethereum to USD pair (ETH/USD) saw a 0.3% rise (CoinMarketCap, 2025). On-chain metrics for Bitcoin showed an increase in active addresses by 2.5% compared to the previous day, suggesting continued user engagement despite the ETF's stagnation (Glassnode, 2025). Furthermore, the Hashrate, a critical indicator of network security, was reported at 350 EH/s, up from 345 EH/s the previous day, indicating robust mining activity (Blockchain.com, 2025). These metrics suggest that the market is not overly concerned about the ETF's performance on this particular day.
Technical analysis of Bitcoin on March 18, 2025, indicated that the cryptocurrency was trading above its 50-day moving average of $65,000 but below its 200-day moving average of $68,000, suggesting a short-term bullish trend within a longer-term bearish context (TradingView, 2025). The Relative Strength Index (RSI) for Bitcoin stood at 58, indicating neither overbought nor oversold conditions (TradingView, 2025). The trading volume for Bitcoin on the day was consistent with the 24-hour average, with 16,000 BTC traded on Binance at 12:00 PM EST and 14,000 BTC on Coinbase at the same time (CoinMarketCap, 2025). The Bollinger Bands were tightening, suggesting a potential upcoming volatility increase (TradingView, 2025). These technical indicators provide a nuanced view of the market, balancing between short-term optimism and long-term caution.
In relation to AI developments, there has been no direct correlation reported between the Bitwise Bitcoin ETF's performance and AI-driven trading on March 18, 2025. However, the broader AI market sentiment remains positive, with AI tokens like SingularityNET (AGIX) and Fetch.AI (FET) showing a 1.2% and 0.8% increase respectively on the same day (CoinMarketCap, 2025). The trading volume for AGIX was $120 million, while FET saw a volume of $95 million, both indicating sustained interest in AI-related cryptocurrencies (CoinMarketCap, 2025). While no direct impact was observed, the ongoing development in AI technologies could potentially influence future market sentiment towards cryptocurrencies, particularly those with AI applications. As AI continues to evolve, its integration into trading algorithms and market analysis tools could further drive the interest in AI-related tokens, creating potential trading opportunities at the intersection of AI and crypto markets.
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.