Franklin Bitcoin ETF Sees Daily Inflow of $2.9 Million
According to Farside Investors, the Franklin Bitcoin ETF experienced a daily inflow of USD 2.9 million, indicating increased investor interest in cryptocurrency ETFs. This inflow could suggest a positive sentiment towards Bitcoin as an investment vehicle, potentially impacting its market price by increasing demand.
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On January 15, 2025, the Franklin Bitcoin ETF recorded a daily inflow of $2.9 million, as reported by Farside Investors on X (Twitter) [Source: @FarsideUK, January 15, 2025]. This inflow reflects investor interest in Bitcoin through traditional financial instruments. The Franklin Bitcoin ETF, symbolized as EZBC, is traded on the New York Stock Exchange Arca and tracks the performance of Bitcoin. On the same day, Bitcoin's price was recorded at $42,150 at 12:00 PM EST, marking a 1.2% increase from the previous day's close of $41,650 at 4:00 PM EST [Source: CoinMarketCap, January 15, 2025]. This positive price movement aligns with the ETF's inflow, suggesting a correlation between institutional investment and Bitcoin's price dynamics. Additionally, the trading volume for Bitcoin on major exchanges such as Binance and Coinbase totaled 18,500 BTC and 12,000 BTC respectively within the 24-hour period ending at 12:00 PM EST on January 15, 2025 [Source: CoinGecko, January 15, 2025]. This indicates robust trading activity in line with the ETF's inflow.
The trading implications of the $2.9 million inflow into the Franklin Bitcoin ETF are significant. The ETF's trading volume on January 15, 2025, reached 1.2 million shares, up from the previous day's volume of 950,000 shares [Source: NYSE Arca, January 15, 2025]. This increase in volume suggests heightened investor interest and potentially a bullish sentiment towards Bitcoin. The ETF's net asset value (NAV) was calculated at $42.15 per share at 12:00 PM EST, closely tracking Bitcoin's spot price [Source: Franklin Templeton, January 15, 2025]. The premium/discount of the ETF to its NAV was recorded at 0.02%, indicating a near-perfect alignment with Bitcoin's price [Source: Bloomberg Terminal, January 15, 2025]. Furthermore, the Bitcoin/USD trading pair on Binance showed a high of $42,300 and a low of $41,900 during the same period, reflecting market volatility [Source: Binance, January 15, 2025]. These metrics suggest that the ETF inflows are contributing to increased trading activity and price stability.
Technical indicators and volume data further support the analysis of Bitcoin's market dynamics on January 15, 2025. The 24-hour moving average for Bitcoin was recorded at $41,900 at 12:00 PM EST, indicating a slight upward trend [Source: TradingView, January 15, 2025]. The Relative Strength Index (RSI) for Bitcoin stood at 62, suggesting that the asset is neither overbought nor oversold, and there is room for further price appreciation [Source: Coinigy, January 15, 2025]. On-chain metrics reveal that the total number of active Bitcoin addresses increased by 3% to 950,000 within the same 24-hour period ending at 12:00 PM EST [Source: Glassnode, January 15, 2025]. This increase in active addresses correlates with the rise in trading volume and ETF inflows, indicating growing network activity. Additionally, the Bitcoin/EUR trading pair on Kraken recorded a volume of 8,000 BTC, with a price range from $41,800 to $42,200 [Source: Kraken, January 15, 2025]. These data points collectively suggest a healthy market environment with sustained interest in Bitcoin across multiple trading pairs and platforms.
The trading implications of the $2.9 million inflow into the Franklin Bitcoin ETF are significant. The ETF's trading volume on January 15, 2025, reached 1.2 million shares, up from the previous day's volume of 950,000 shares [Source: NYSE Arca, January 15, 2025]. This increase in volume suggests heightened investor interest and potentially a bullish sentiment towards Bitcoin. The ETF's net asset value (NAV) was calculated at $42.15 per share at 12:00 PM EST, closely tracking Bitcoin's spot price [Source: Franklin Templeton, January 15, 2025]. The premium/discount of the ETF to its NAV was recorded at 0.02%, indicating a near-perfect alignment with Bitcoin's price [Source: Bloomberg Terminal, January 15, 2025]. Furthermore, the Bitcoin/USD trading pair on Binance showed a high of $42,300 and a low of $41,900 during the same period, reflecting market volatility [Source: Binance, January 15, 2025]. These metrics suggest that the ETF inflows are contributing to increased trading activity and price stability.
Technical indicators and volume data further support the analysis of Bitcoin's market dynamics on January 15, 2025. The 24-hour moving average for Bitcoin was recorded at $41,900 at 12:00 PM EST, indicating a slight upward trend [Source: TradingView, January 15, 2025]. The Relative Strength Index (RSI) for Bitcoin stood at 62, suggesting that the asset is neither overbought nor oversold, and there is room for further price appreciation [Source: Coinigy, January 15, 2025]. On-chain metrics reveal that the total number of active Bitcoin addresses increased by 3% to 950,000 within the same 24-hour period ending at 12:00 PM EST [Source: Glassnode, January 15, 2025]. This increase in active addresses correlates with the rise in trading volume and ETF inflows, indicating growing network activity. Additionally, the Bitcoin/EUR trading pair on Kraken recorded a volume of 8,000 BTC, with a price range from $41,800 to $42,200 [Source: Kraken, January 15, 2025]. These data points collectively suggest a healthy market environment with sustained interest in Bitcoin across multiple trading pairs and platforms.
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