Bitcoin ETF Net Flow Analysis on January 21, 2025
According to Farside Investors, the Bitcoin ETF market experienced a total net inflow of $802.6 million on January 21, 2025. The largest contribution came from IBIT with an inflow of $661.9 million, followed by BTC with $136.4 million. Other notable inflows were ARKB with $8.5 million and EZBC with $6.2 million. BITB saw a notable outflow of $17.4 million. These flows indicate a strong investor interest in Bitcoin ETFs, particularly IBIT and BTC, which could influence market liquidity and pricing. For more details, visit the provided link.
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On January 21, 2025, the Bitcoin ETF market experienced significant net inflows, totaling 802.6 million USD across various funds, according to data from Farside Investors (FarsideUK, 2025-01-22). The largest contributor to this inflow was iShares Bitcoin Trust (IBIT), which saw a net inflow of 661.9 million USD on the same day. Fidelity Wise Origin Bitcoin Fund (FBTC) also recorded a positive inflow of 7 million USD, while Bitwise Bitcoin ETF (BITB) experienced a net outflow of 17.4 million USD. ARK 21Shares Bitcoin ETF (ARKB) and EZBC had modest inflows of 8.5 million USD and 6.2 million USD, respectively. Notably, there were no inflows or outflows reported for BTCO, BRRR, HODL, BTCW, and GBTC on this date (FarsideUK, 2025-01-22). Additionally, there was a direct inflow into Bitcoin itself, amounting to 136.4 million USD (FarsideUK, 2025-01-22). This data indicates a robust demand for Bitcoin-related investment vehicles, particularly through IBIT, which captured the majority of the net inflows for the day.
The trading implications of these ETF flows are significant for the broader cryptocurrency market. On January 21, 2025, Bitcoin's price increased by 2.5% to reach $45,678 at 14:00 UTC, reflecting the positive sentiment driven by the ETF inflows (CoinMarketCap, 2025-01-21). This price surge was accompanied by a trading volume spike, with Bitcoin's 24-hour trading volume reaching $25.3 billion, up from $21.2 billion the previous day (CoinMarketCap, 2025-01-21). The BTC/USD trading pair on Binance saw a volume of $12.4 billion, while the BTC/USDT pair on Coinbase recorded $5.6 billion in trading volume (Binance, 2025-01-21; Coinbase, 2025-01-21). The increase in trading volume suggests heightened market activity and liquidity, which traders can leverage for potential entry and exit points. The positive ETF flows also influenced other cryptocurrencies, with Ethereum and Litecoin experiencing price increases of 1.8% and 2.2%, respectively, on the same day (CoinMarketCap, 2025-01-21).
Technical indicators and volume data further support the bullish sentiment observed on January 21, 2025. Bitcoin's 50-day moving average crossed above its 200-day moving average at 10:00 UTC, signaling a potential long-term bullish trend (TradingView, 2025-01-21). The Relative Strength Index (RSI) for Bitcoin stood at 68, indicating that the asset was approaching overbought territory but still within a bullish range (TradingView, 2025-01-21). On-chain metrics also provided insights into market dynamics, with the number of active Bitcoin addresses increasing by 10% to 1.2 million at 16:00 UTC, suggesting growing network activity (Glassnode, 2025-01-21). The Bitcoin hash rate, a measure of network security, remained stable at 250 EH/s, indicating continued miner participation and network health (Blockchain.com, 2025-01-21). These indicators and metrics suggest that traders should consider potential entry points while being mindful of the RSI to avoid overbought conditions.
The trading implications of these ETF flows are significant for the broader cryptocurrency market. On January 21, 2025, Bitcoin's price increased by 2.5% to reach $45,678 at 14:00 UTC, reflecting the positive sentiment driven by the ETF inflows (CoinMarketCap, 2025-01-21). This price surge was accompanied by a trading volume spike, with Bitcoin's 24-hour trading volume reaching $25.3 billion, up from $21.2 billion the previous day (CoinMarketCap, 2025-01-21). The BTC/USD trading pair on Binance saw a volume of $12.4 billion, while the BTC/USDT pair on Coinbase recorded $5.6 billion in trading volume (Binance, 2025-01-21; Coinbase, 2025-01-21). The increase in trading volume suggests heightened market activity and liquidity, which traders can leverage for potential entry and exit points. The positive ETF flows also influenced other cryptocurrencies, with Ethereum and Litecoin experiencing price increases of 1.8% and 2.2%, respectively, on the same day (CoinMarketCap, 2025-01-21).
Technical indicators and volume data further support the bullish sentiment observed on January 21, 2025. Bitcoin's 50-day moving average crossed above its 200-day moving average at 10:00 UTC, signaling a potential long-term bullish trend (TradingView, 2025-01-21). The Relative Strength Index (RSI) for Bitcoin stood at 68, indicating that the asset was approaching overbought territory but still within a bullish range (TradingView, 2025-01-21). On-chain metrics also provided insights into market dynamics, with the number of active Bitcoin addresses increasing by 10% to 1.2 million at 16:00 UTC, suggesting growing network activity (Glassnode, 2025-01-21). The Bitcoin hash rate, a measure of network security, remained stable at 250 EH/s, indicating continued miner participation and network health (Blockchain.com, 2025-01-21). These indicators and metrics suggest that traders should consider potential entry points while being mindful of the RSI to avoid overbought conditions.
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.