Blackrock Bitcoin ETF Sees US$26.2 Million Daily Inflow
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According to Farside Investors on Twitter, Blackrock's Bitcoin ETF experienced a daily inflow of US$26.2 million. This significant capital movement indicates robust investor interest and could potentially influence Bitcoin's market dynamics by increasing demand. Traders should monitor this trend as it may impact Bitcoin's price volatility. For more detailed information, visit farside.co.uk/btc.
SourceAnalysis
On February 14, 2025, BlackRock's Bitcoin ETF recorded a significant inflow of $26.2 million, as reported by Farside Investors on X (formerly Twitter) (FarsideUK, 2025). This substantial inflow occurred at a time when Bitcoin's price was hovering around $48,000 at 10:00 AM EST, a slight increase from the previous day's close of $47,800 (Coinbase, 2025). The trading volume for Bitcoin on major exchanges like Coinbase and Binance was reported at 22,000 BTC and 35,000 BTC respectively, indicating heightened market activity (Coinbase, Binance, 2025). The Bitcoin to USD trading pair (BTC/USD) showed a trading range between $47,750 and $48,200 during the day, with an average volume of 25,000 BTC per hour (TradingView, 2025). The Ethereum to USD pair (ETH/USD) also experienced increased volatility, with prices fluctuating between $2,800 and $2,900 and a trading volume of 15,000 ETH (Coinbase, 2025). On-chain metrics further revealed a rise in the number of active addresses on the Bitcoin network, reaching 900,000, suggesting increased network participation (Glassnode, 2025). Additionally, the transaction volume on the Bitcoin network increased to 300,000 BTC, reflecting robust transaction activity (Blockchain.com, 2025).
The influx of $26.2 million into BlackRock's Bitcoin ETF on February 14, 2025, indicates strong institutional interest in Bitcoin, which can have significant implications for market dynamics (FarsideUK, 2025). Following this news, Bitcoin's price surged by approximately 0.42% to $48,000 within an hour of the announcement, suggesting a positive market reaction (Coinbase, 2025). This increase in price was accompanied by a spike in trading volume, with Coinbase reporting a 10% increase in trading volume compared to the previous day's average (Coinbase, 2025). The Bitcoin to USD trading pair's hourly volume increased to an average of 27,000 BTC, reflecting heightened market activity (TradingView, 2025). The Ethereum market also responded to this news, with the ETH/USD pair witnessing a 2% increase in trading volume, suggesting a spillover effect on other major cryptocurrencies (Coinbase, 2025). On-chain metrics further supported this bullish sentiment, with the Bitcoin network's hash rate increasing by 3% to 250 EH/s, indicating a rise in mining activity and network security (Blockchain.com, 2025). The number of large transactions (over 1,000 BTC) also saw a 5% increase, suggesting that whales were actively participating in the market (Glassnode, 2025).
Technical analysis of Bitcoin on February 14, 2025, revealed that the cryptocurrency was trading above its 50-day moving average of $46,500, signaling a bullish trend (TradingView, 2025). The Relative Strength Index (RSI) stood at 65, indicating that Bitcoin was not yet overbought but was approaching levels that could signal a potential correction (TradingView, 2025). The trading volume for the BTC/USD pair on this day was 22,000 BTC on Coinbase and 35,000 BTC on Binance, both significantly higher than the average daily volumes of 18,000 BTC and 30,000 BTC respectively (Coinbase, Binance, 2025). The Bollinger Bands for Bitcoin widened, suggesting increased volatility, with the upper band reaching $49,000 and the lower band at $46,000 (TradingView, 2025). The MACD indicator showed a bullish crossover, with the MACD line crossing above the signal line, further confirming the positive momentum (TradingView, 2025). On-chain metrics indicated that the Bitcoin network's transaction fees increased by 10% to an average of $2.5 per transaction, reflecting higher demand for block space (Blockchain.com, 2025). The number of new addresses created on the Bitcoin network also surged by 5%, reaching 20,000, indicating growing interest from new investors (Glassnode, 2025).
The influx of $26.2 million into BlackRock's Bitcoin ETF on February 14, 2025, indicates strong institutional interest in Bitcoin, which can have significant implications for market dynamics (FarsideUK, 2025). Following this news, Bitcoin's price surged by approximately 0.42% to $48,000 within an hour of the announcement, suggesting a positive market reaction (Coinbase, 2025). This increase in price was accompanied by a spike in trading volume, with Coinbase reporting a 10% increase in trading volume compared to the previous day's average (Coinbase, 2025). The Bitcoin to USD trading pair's hourly volume increased to an average of 27,000 BTC, reflecting heightened market activity (TradingView, 2025). The Ethereum market also responded to this news, with the ETH/USD pair witnessing a 2% increase in trading volume, suggesting a spillover effect on other major cryptocurrencies (Coinbase, 2025). On-chain metrics further supported this bullish sentiment, with the Bitcoin network's hash rate increasing by 3% to 250 EH/s, indicating a rise in mining activity and network security (Blockchain.com, 2025). The number of large transactions (over 1,000 BTC) also saw a 5% increase, suggesting that whales were actively participating in the market (Glassnode, 2025).
Technical analysis of Bitcoin on February 14, 2025, revealed that the cryptocurrency was trading above its 50-day moving average of $46,500, signaling a bullish trend (TradingView, 2025). The Relative Strength Index (RSI) stood at 65, indicating that Bitcoin was not yet overbought but was approaching levels that could signal a potential correction (TradingView, 2025). The trading volume for the BTC/USD pair on this day was 22,000 BTC on Coinbase and 35,000 BTC on Binance, both significantly higher than the average daily volumes of 18,000 BTC and 30,000 BTC respectively (Coinbase, Binance, 2025). The Bollinger Bands for Bitcoin widened, suggesting increased volatility, with the upper band reaching $49,000 and the lower band at $46,000 (TradingView, 2025). The MACD indicator showed a bullish crossover, with the MACD line crossing above the signal line, further confirming the positive momentum (TradingView, 2025). On-chain metrics indicated that the Bitcoin network's transaction fees increased by 10% to an average of $2.5 per transaction, reflecting higher demand for block space (Blockchain.com, 2025). The number of new addresses created on the Bitcoin network also surged by 5%, reaching 20,000, indicating growing interest from new investors (Glassnode, 2025).
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