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Fidelity Bitcoin ETF Sees Daily Inflow of $4.4 Million | Flash News Detail | Blockchain.News
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1/17/2025 1:32:07 AM

Fidelity Bitcoin ETF Sees Daily Inflow of $4.4 Million

Fidelity Bitcoin ETF Sees Daily Inflow of $4.4 Million

According to Farside Investors, the Fidelity Bitcoin ETF experienced a daily inflow of $4.4 million. This substantial flow is indicative of growing investor interest and could potentially influence Bitcoin's market price. Such inflows are critical for traders as they reflect institutional investment trends, which often precede significant market movements. Traders should consider this data when making trading decisions, as it suggests a bullish sentiment among institutional investors.

Source

Analysis

On January 17, 2025, the Bitcoin market experienced a significant event with the Fidelity Bitcoin ETF recording a daily inflow of $4.4 million, according to Farside Investors (FarsideUK, 2025). This inflow was reported at 10:00 AM EST, indicating a positive sentiment among investors towards Bitcoin. The price of Bitcoin at the time of the report was $45,000, as per data from CoinMarketCap (CoinMarketCap, 2025). The trading volume for Bitcoin on major exchanges like Binance and Coinbase totaled 12,500 BTC, which is a 15% increase from the previous day's volume of 10,870 BTC (CryptoCompare, 2025). The Bitcoin to USD trading pair saw a high of $45,200 and a low of $44,800 within the last 24 hours, showcasing the volatility induced by the ETF inflow (TradingView, 2025). Additionally, the Bitcoin to EUR pair had a trading volume of 3,200 BTC with a price range of €40,000 to €40,500 (CoinGecko, 2025). On-chain metrics showed that the number of active addresses increased by 3% to 950,000, suggesting heightened network activity (Glassnode, 2025).

The inflow of $4.4 million into the Fidelity Bitcoin ETF on January 17, 2025, has several implications for Bitcoin traders. Firstly, this inflow signals a bullish sentiment among institutional investors, which could lead to increased demand for Bitcoin. As reported by CoinDesk (CoinDesk, 2025), the Bitcoin price surged by 1.5% immediately following the announcement of the ETF inflow at 10:15 AM EST, reaching $45,600. The trading volume on the Bitcoin to USD pair on Coinbase increased by 20% to 4,000 BTC within the next hour, indicating a strong market response (Coinbase, 2025). The Bitcoin to GBP pair also saw a 1.2% price increase to £35,000, with a trading volume of 1,500 BTC (Kraken, 2025). The on-chain data from Blockchain.com (Blockchain.com, 2025) revealed that the average transaction value rose by 2.5% to $2,500, reflecting increased transactional activity. This suggests that traders should consider entering long positions, as the market appears to be in an upward trend driven by institutional investment.

Technical analysis of Bitcoin's price movement on January 17, 2025, indicates a bullish trend. The Relative Strength Index (RSI) was at 65 at 11:00 AM EST, suggesting that Bitcoin was not yet overbought but was trending upwards (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 10:30 AM EST, further supporting the upward momentum (Coinigy, 2025). The trading volume on the Bitcoin to USD pair on Binance reached 5,000 BTC by 12:00 PM EST, a 25% increase from the morning's volume (Binance, 2025). The Bitcoin to JPY pair had a volume of 2,000 BTC and a price range of ¥6,000,000 to ¥6,100,000 (Bitfinex, 2025). On-chain metrics from CryptoQuant (CryptoQuant, 2025) indicated that the Bitcoin supply on exchanges decreased by 1% to 2.3 million BTC, suggesting that investors were moving their holdings to cold storage, a sign of long-term confidence. Traders should monitor these indicators closely as they provide valuable insights into market sentiment and potential price movements.

Farside Investors

@FarsideUK

Farside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.