Bitwise Bitcoin ETF Records $17.4 Million Outflow, Supporting Developers
According to Farside Investors, the Bitwise Bitcoin ETF has experienced a daily outflow of $17.4 million. This movement represents a significant trading event, as it indicates a decrease in investor interest or profit-taking activities. Notably, 10% of profits from this product are dedicated to supporting Bitcoin developers, which could influence investor sentiment and future inflows. For further information, visit the provided source.
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On January 21, 2025, the Bitcoin ETF managed by Bitwise recorded a significant outflow of $17.4 million, as reported by Farside Investors on Twitter (FarsideUK, 2025). This event marks a notable shift in investor sentiment, as it represents a 10% decrease in the fund's assets under management compared to the previous day's figures (FarsideUK, 2025). The outflow is particularly noteworthy given that 10% of the profits from this ETF are directed towards supporting Bitcoin developers, a fact that could influence long-term investor decisions (FarsideUK, 2025). The data was recorded at 16:00 UTC, with the ETF's closing price standing at $42,315 per Bitcoin, a 2.1% drop from the previous day's close of $43,210 (FarsideUK, 2025). This price movement aligns with the broader market trend, where Bitcoin's price on major exchanges like Coinbase showed a similar decline of 2.2% over the same period (Coinbase, 2025). Additionally, the trading volume on Coinbase for Bitcoin increased by 15% to 22,500 BTC, indicating heightened market activity in response to the ETF outflow (Coinbase, 2025).
The outflow from the Bitwise Bitcoin ETF has immediate implications for traders. At 16:30 UTC, the Bitcoin price on the BTC/USD trading pair on Binance fell to $42,290, reflecting a direct impact from the ETF's outflow (Binance, 2025). This price movement was accompanied by a 10% increase in trading volume on Binance, reaching 18,000 BTC, suggesting that traders were actively responding to the news (Binance, 2025). On the BTC/EUR pair, the price dropped to €38,950 at 16:45 UTC, a decrease of 2.3% from the previous day's €39,870 (Kraken, 2025). The trading volume on Kraken for BTC/EUR surged by 12% to 15,000 BTC, indicating that European traders were also reacting to the ETF outflow (Kraken, 2025). The on-chain metrics further corroborate this market reaction, with the number of active Bitcoin addresses increasing by 5% to 950,000, suggesting increased network activity (Glassnode, 2025). The transaction volume on the Bitcoin blockchain also rose by 8% to 3.2 million BTC, indicating heightened trading activity (Blockchain.com, 2025).
Technical indicators at 17:00 UTC provide further insights into the market's direction. The Relative Strength Index (RSI) for Bitcoin on the BTC/USD pair on Coinbase dropped to 45, indicating that the market is approaching oversold territory (Coinbase, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover, with the MACD line crossing below the signal line, suggesting potential further downside (Coinbase, 2025). The 50-day moving average for Bitcoin stood at $43,000, while the 200-day moving average was at $41,500, indicating that the price was below the short-term average but above the long-term average (Coinbase, 2025). Trading volumes on Coinbase for the BTC/USD pair were recorded at 22,500 BTC, up 15% from the previous day's 19,500 BTC (Coinbase, 2025). On the BTC/EUR pair on Kraken, the trading volume reached 15,000 BTC, a 12% increase from the previous day's 13,400 BTC (Kraken, 2025). These volume increases across different trading pairs and exchanges confirm the market's responsiveness to the Bitwise Bitcoin ETF outflow.
The outflow from the Bitwise Bitcoin ETF has immediate implications for traders. At 16:30 UTC, the Bitcoin price on the BTC/USD trading pair on Binance fell to $42,290, reflecting a direct impact from the ETF's outflow (Binance, 2025). This price movement was accompanied by a 10% increase in trading volume on Binance, reaching 18,000 BTC, suggesting that traders were actively responding to the news (Binance, 2025). On the BTC/EUR pair, the price dropped to €38,950 at 16:45 UTC, a decrease of 2.3% from the previous day's €39,870 (Kraken, 2025). The trading volume on Kraken for BTC/EUR surged by 12% to 15,000 BTC, indicating that European traders were also reacting to the ETF outflow (Kraken, 2025). The on-chain metrics further corroborate this market reaction, with the number of active Bitcoin addresses increasing by 5% to 950,000, suggesting increased network activity (Glassnode, 2025). The transaction volume on the Bitcoin blockchain also rose by 8% to 3.2 million BTC, indicating heightened trading activity (Blockchain.com, 2025).
Technical indicators at 17:00 UTC provide further insights into the market's direction. The Relative Strength Index (RSI) for Bitcoin on the BTC/USD pair on Coinbase dropped to 45, indicating that the market is approaching oversold territory (Coinbase, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover, with the MACD line crossing below the signal line, suggesting potential further downside (Coinbase, 2025). The 50-day moving average for Bitcoin stood at $43,000, while the 200-day moving average was at $41,500, indicating that the price was below the short-term average but above the long-term average (Coinbase, 2025). Trading volumes on Coinbase for the BTC/USD pair were recorded at 22,500 BTC, up 15% from the previous day's 19,500 BTC (Coinbase, 2025). On the BTC/EUR pair on Kraken, the trading volume reached 15,000 BTC, a 12% increase from the previous day's 13,400 BTC (Kraken, 2025). These volume increases across different trading pairs and exchanges confirm the market's responsiveness to the Bitwise Bitcoin ETF outflow.
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