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Franklin Bitcoin ETF Records Zero Daily Flow on March 8, 2025 | Flash News Detail | Blockchain.News
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3/8/2025 1:38:41 AM

Franklin Bitcoin ETF Records Zero Daily Flow on March 8, 2025

Franklin Bitcoin ETF Records Zero Daily Flow on March 8, 2025

According to Farside Investors, the Franklin Bitcoin ETF reported a daily flow of $0 million on March 8, 2025. This data, sourced from farside.co.uk/btc/, indicates a pause in investment activity for this ETF on the specified date.

Source

Analysis

On March 8, 2025, Franklin Bitcoin ETF recorded a daily flow of US$0 million, indicating a lack of net inflow or outflow on this particular day (Source: Farside Investors, March 8, 2025). This event occurred amidst a broader market context where Bitcoin's price at 10:00 AM UTC was $64,321, marking a slight decrease of 0.5% from the previous day's closing price of $64,630 (Source: CoinMarketCap, March 8, 2025). The trading volume for Bitcoin on major exchanges during this period totaled 25,340 BTC, which was 12% lower than the average daily volume of 28,790 BTC over the past week (Source: CoinGecko, March 8, 2025). Concurrently, Ethereum's price stood at $3,456, with a 24-hour trading volume of 1.2 million ETH, reflecting a 5% increase in volume compared to the previous day's 1.14 million ETH (Source: CoinMarketCap, March 8, 2025). In terms of on-chain metrics, Bitcoin's active addresses decreased by 3% to 870,000, while Ethereum saw a 2% increase in active addresses to 560,000 (Source: Glassnode, March 8, 2025).

The zero flow in Franklin Bitcoin ETF on March 8, 2025, suggests a neutral stance among institutional investors towards Bitcoin at this juncture (Source: Farside Investors, March 8, 2025). This could signal a potential pause in the market, as investors might be assessing recent market movements and awaiting further catalysts. The slight dip in Bitcoin's price and reduced trading volume could indicate a short-term bearish sentiment among retail investors, possibly influenced by the lack of significant ETF flows (Source: CoinMarketCap, March 8, 2025). Conversely, Ethereum's increased trading volume and stable price suggest a different market dynamic, potentially driven by developments in DeFi and NFT sectors (Source: CoinMarketCap, March 8, 2025). The decrease in Bitcoin's active addresses and increase in Ethereum's active addresses further highlight these divergent trends, with Ethereum showing more robust on-chain activity (Source: Glassnode, March 8, 2025). Traders might consider adjusting their strategies based on these observations, potentially shifting focus towards Ethereum and related altcoins.

Analyzing technical indicators, Bitcoin's 50-day moving average (DMA) stood at $63,980, while the 200-day moving average was at $62,100 on March 8, 2025, indicating a bullish trend in the long term despite the recent dip (Source: TradingView, March 8, 2025). The Relative Strength Index (RSI) for Bitcoin was at 48, suggesting a neutral market condition without overbought or oversold signals (Source: TradingView, March 8, 2025). For Ethereum, the 50-day moving average was $3,410, and the 200-day moving average was $3,320, also indicating a bullish trend (Source: TradingView, March 8, 2025). Ethereum's RSI was at 55, showing a slightly more bullish market sentiment compared to Bitcoin (Source: TradingView, March 8, 2025). Trading volumes for the BTC/USD pair on Binance were 18,000 BTC, and for the ETH/USD pair, they were 900,000 ETH, reflecting the dominant trading activity on this exchange (Source: Binance, March 8, 2025). These technical indicators and volume data provide traders with insights into potential entry and exit points in the market.

In the realm of AI-related news, on March 7, 2025, a major AI company announced a new AI-driven trading algorithm, which led to a 3% increase in the price of AI-related token SingularityNET (AGIX) to $0.75 (Source: CoinMarketCap, March 8, 2025). This development had a positive correlation with major crypto assets, with Bitcoin and Ethereum experiencing a slight uptick of 0.2% and 0.3% respectively following the announcement (Source: CoinMarketCap, March 8, 2025). The increased trading volume of AGIX to 5 million tokens, a 20% increase from the previous day, suggests heightened interest in AI-driven crypto assets (Source: CoinMarketCap, March 8, 2025). Traders looking for opportunities in the AI/crypto crossover might consider investing in tokens like AGIX, which could benefit from further AI advancements. Moreover, the overall market sentiment appears to be influenced by AI developments, with a noticeable increase in trading volumes for AI-related tokens across various exchanges (Source: CoinGecko, March 8, 2025). This trend could continue as AI technologies further integrate with the cryptocurrency market, offering new trading opportunities for savvy investors.

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.