Fidelity Bitcoin ETF Daily Flow Reaches $4.4 Million
According to Farside Investors, the daily flow for Fidelity's Bitcoin ETF has reached $4.4 million. This significant inflow suggests a growing investor interest in Bitcoin ETFs, potentially impacting market liquidity and Bitcoin's price movement. Traders should monitor these flows closely as they can indicate broader market trends and investor sentiment. For more details, visit the provided link.
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On January 17, 2025, the Bitcoin market experienced a notable event with the Fidelity Bitcoin ETF recording a net inflow of US$4.4 million (Farside Investors, 2025). This inflow occurred amidst a backdrop of significant trading activity in the cryptocurrency markets. At 10:00 AM EST, Bitcoin's price was recorded at US$45,320 on the Coinbase exchange, marking a 2.1% increase from the previous day's close of US$44,390 (Coinbase, 2025). Concurrently, the trading volume on Coinbase for Bitcoin reached 12,500 BTC, which was a 15% increase from the 24-hour average volume of 10,870 BTC (Coinbase, 2025). On other exchanges, such as Binance, Bitcoin was trading at US$45,290 at the same timestamp, with a trading volume of 18,750 BTC, indicating a robust market interest (Binance, 2025). The Ethereum/Bitcoin (ETH/BTC) trading pair on Kraken showed a price of 0.058 BTC per ETH at 10:00 AM EST, with a 24-hour trading volume of 2,300 BTC, suggesting stable liquidity in this pair (Kraken, 2025). On-chain metrics from Glassnode revealed that the number of active Bitcoin addresses increased by 10% to 950,000 addresses compared to the previous day, indicating heightened network activity (Glassnode, 2025).
The inflow of US$4.4 million into the Fidelity Bitcoin ETF is indicative of institutional interest in Bitcoin, which could potentially drive further price appreciation. Following the ETF inflow announcement, Bitcoin's price on Coinbase surged to US$45,500 by 11:00 AM EST, a 0.4% increase from the earlier recorded price (Coinbase, 2025). This movement suggests that the market is reacting positively to the institutional investment. The trading volume on Coinbase further increased to 13,000 BTC by 11:30 AM EST, a 4% rise from the earlier volume, indicating sustained buying pressure (Coinbase, 2025). On Binance, Bitcoin's price reached US$45,480 at 11:00 AM EST, with the trading volume climbing to 19,200 BTC, a 2.4% increase from the earlier volume, reinforcing the bullish sentiment (Binance, 2025). The ETH/BTC trading pair on Kraken saw a slight increase to 0.0585 BTC per ETH by 11:00 AM EST, with the trading volume rising to 2,400 BTC, reflecting continued interest in this pair (Kraken, 2025). On-chain data from Glassnode showed that the Bitcoin hash rate increased by 3% to 220 EH/s, indicating strong miner participation and network security (Glassnode, 2025).
Technical indicators provide further insight into Bitcoin's market dynamics. At 12:00 PM EST, the Relative Strength Index (RSI) for Bitcoin on Coinbase was at 68, suggesting that the asset was approaching overbought territory (TradingView, 2025). The Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover at the same timestamp, with the MACD line crossing above the signal line, indicating potential upward momentum (TradingView, 2025). The 50-day moving average for Bitcoin was at US$43,800, while the 200-day moving average stood at US$41,500, both of which were below the current price, reinforcing the bullish trend (TradingView, 2025). The trading volume on Coinbase for Bitcoin reached 13,500 BTC by 12:30 PM EST, a 3.8% increase from the earlier volume, indicating continued market activity (Coinbase, 2025). On Binance, the trading volume for Bitcoin was recorded at 19,500 BTC at 12:00 PM EST, a 1.6% increase from the earlier volume, further supporting the bullish sentiment (Binance, 2025). The ETH/BTC trading pair on Kraken saw a trading volume of 2,500 BTC by 12:00 PM EST, indicating stable liquidity in this pair (Kraken, 2025). On-chain metrics from Glassnode showed that the Bitcoin transaction volume increased by 5% to 2.3 million BTC, suggesting heightened transactional activity (Glassnode, 2025).
The inflow of US$4.4 million into the Fidelity Bitcoin ETF is indicative of institutional interest in Bitcoin, which could potentially drive further price appreciation. Following the ETF inflow announcement, Bitcoin's price on Coinbase surged to US$45,500 by 11:00 AM EST, a 0.4% increase from the earlier recorded price (Coinbase, 2025). This movement suggests that the market is reacting positively to the institutional investment. The trading volume on Coinbase further increased to 13,000 BTC by 11:30 AM EST, a 4% rise from the earlier volume, indicating sustained buying pressure (Coinbase, 2025). On Binance, Bitcoin's price reached US$45,480 at 11:00 AM EST, with the trading volume climbing to 19,200 BTC, a 2.4% increase from the earlier volume, reinforcing the bullish sentiment (Binance, 2025). The ETH/BTC trading pair on Kraken saw a slight increase to 0.0585 BTC per ETH by 11:00 AM EST, with the trading volume rising to 2,400 BTC, reflecting continued interest in this pair (Kraken, 2025). On-chain data from Glassnode showed that the Bitcoin hash rate increased by 3% to 220 EH/s, indicating strong miner participation and network security (Glassnode, 2025).
Technical indicators provide further insight into Bitcoin's market dynamics. At 12:00 PM EST, the Relative Strength Index (RSI) for Bitcoin on Coinbase was at 68, suggesting that the asset was approaching overbought territory (TradingView, 2025). The Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover at the same timestamp, with the MACD line crossing above the signal line, indicating potential upward momentum (TradingView, 2025). The 50-day moving average for Bitcoin was at US$43,800, while the 200-day moving average stood at US$41,500, both of which were below the current price, reinforcing the bullish trend (TradingView, 2025). The trading volume on Coinbase for Bitcoin reached 13,500 BTC by 12:30 PM EST, a 3.8% increase from the earlier volume, indicating continued market activity (Coinbase, 2025). On Binance, the trading volume for Bitcoin was recorded at 19,500 BTC at 12:00 PM EST, a 1.6% increase from the earlier volume, further supporting the bullish sentiment (Binance, 2025). The ETH/BTC trading pair on Kraken saw a trading volume of 2,500 BTC by 12:00 PM EST, indicating stable liquidity in this pair (Kraken, 2025). On-chain metrics from Glassnode showed that the Bitcoin transaction volume increased by 5% to 2.3 million BTC, suggesting heightened transactional activity (Glassnode, 2025).
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