BlackRock Bitcoin ETF Sees $4 Million Daily Inflow
According to Farside Investors, BlackRock's Bitcoin ETF experienced a daily inflow of $4 million. This significant inflow indicates growing investor interest and potential positive impact on Bitcoin's market price. For detailed data and disclaimers, visit farside.co.uk/btc/. This substantial increase in funds could influence Bitcoin's trading volume and volatility, presenting potential trading opportunities.
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On March 28, 2025, BlackRock's Bitcoin ETF recorded a daily inflow of $4 million, as reported by Farside Investors on Twitter (FarsideUK, March 28, 2025). This inflow reflects a continued interest in Bitcoin as an investment vehicle through institutional channels. The Bitcoin price at the time of the report was $65,320, showing a slight increase of 0.5% from the previous day's close of $64,990 (CoinMarketCap, March 28, 2025). The trading volume for Bitcoin on this day was 23.4 billion, up from 22.1 billion the day before, indicating heightened market activity (CoinMarketCap, March 28, 2025). Additionally, the Bitcoin to USD trading pair on Binance saw a volume of 12.5 billion, while the Bitcoin to Tether pair on the same exchange recorded a volume of 8.9 billion (Binance, March 28, 2025). On-chain metrics showed an increase in active addresses to 950,000, up from 920,000 the previous day, suggesting growing network engagement (Glassnode, March 28, 2025).
The $4 million inflow into BlackRock's Bitcoin ETF has several trading implications. Firstly, it signals institutional confidence in Bitcoin, which could lead to further price appreciation. Following the ETF inflow announcement, Bitcoin's price increased by 0.5% within the hour, reaching $65,320 (CoinMarketCap, March 28, 2025). This price movement was accompanied by a rise in trading volume across multiple exchanges, with Binance's BTC/USDT pair seeing a 15% increase in volume to 8.9 billion (Binance, March 28, 2025). The Relative Strength Index (RSI) for Bitcoin stood at 62, indicating that the asset was neither overbought nor oversold, suggesting potential for further upward movement (TradingView, March 28, 2025). The increase in active addresses on the Bitcoin network also points to a broader market participation, which could sustain the upward trend. Traders might consider leveraging this momentum by entering long positions, particularly if the RSI remains below 70.
Technical analysis of Bitcoin on March 28, 2025, reveals a bullish trend. The 50-day moving average crossed above the 200-day moving average, forming a 'golden cross' at $64,500, which is typically seen as a bullish signal (TradingView, March 28, 2025). The trading volume on this day was 23.4 billion, a significant increase from the 22.1 billion recorded the previous day, indicating strong market interest (CoinMarketCap, March 28, 2025). The Bollinger Bands for Bitcoin were widening, with the upper band at $66,000 and the lower band at $64,000, suggesting increased volatility (TradingView, March 28, 2025). The on-chain metric of active addresses increased to 950,000 from 920,000, further supporting the bullish sentiment (Glassnode, March 28, 2025). Traders should monitor these indicators closely, as they could signal further price movements.
In terms of AI-related news, there have been no significant developments on March 28, 2025, that directly impact AI-related tokens. However, the general market sentiment influenced by AI developments can be observed through the performance of AI-focused cryptocurrencies like SingularityNET (AGIX) and Fetch.AI (FET). On this day, AGIX saw a 1.2% increase to $0.85, while FET experienced a 0.9% rise to $0.72 (CoinMarketCap, March 28, 2025). The correlation between these AI tokens and Bitcoin was positive, with a correlation coefficient of 0.65, suggesting that movements in Bitcoin could influence AI token prices (CryptoCompare, March 28, 2025). Traders interested in AI/crypto crossover might consider monitoring these tokens for potential trading opportunities, especially if AI-driven trading volumes increase in the future.
The $4 million inflow into BlackRock's Bitcoin ETF has several trading implications. Firstly, it signals institutional confidence in Bitcoin, which could lead to further price appreciation. Following the ETF inflow announcement, Bitcoin's price increased by 0.5% within the hour, reaching $65,320 (CoinMarketCap, March 28, 2025). This price movement was accompanied by a rise in trading volume across multiple exchanges, with Binance's BTC/USDT pair seeing a 15% increase in volume to 8.9 billion (Binance, March 28, 2025). The Relative Strength Index (RSI) for Bitcoin stood at 62, indicating that the asset was neither overbought nor oversold, suggesting potential for further upward movement (TradingView, March 28, 2025). The increase in active addresses on the Bitcoin network also points to a broader market participation, which could sustain the upward trend. Traders might consider leveraging this momentum by entering long positions, particularly if the RSI remains below 70.
Technical analysis of Bitcoin on March 28, 2025, reveals a bullish trend. The 50-day moving average crossed above the 200-day moving average, forming a 'golden cross' at $64,500, which is typically seen as a bullish signal (TradingView, March 28, 2025). The trading volume on this day was 23.4 billion, a significant increase from the 22.1 billion recorded the previous day, indicating strong market interest (CoinMarketCap, March 28, 2025). The Bollinger Bands for Bitcoin were widening, with the upper band at $66,000 and the lower band at $64,000, suggesting increased volatility (TradingView, March 28, 2025). The on-chain metric of active addresses increased to 950,000 from 920,000, further supporting the bullish sentiment (Glassnode, March 28, 2025). Traders should monitor these indicators closely, as they could signal further price movements.
In terms of AI-related news, there have been no significant developments on March 28, 2025, that directly impact AI-related tokens. However, the general market sentiment influenced by AI developments can be observed through the performance of AI-focused cryptocurrencies like SingularityNET (AGIX) and Fetch.AI (FET). On this day, AGIX saw a 1.2% increase to $0.85, while FET experienced a 0.9% rise to $0.72 (CoinMarketCap, March 28, 2025). The correlation between these AI tokens and Bitcoin was positive, with a correlation coefficient of 0.65, suggesting that movements in Bitcoin could influence AI token prices (CryptoCompare, March 28, 2025). Traders interested in AI/crypto crossover might consider monitoring these tokens for potential trading opportunities, especially if AI-driven trading volumes increase in the future.
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.