No Inflows for Franklin Bitcoin ETF as of January 17, 2025
According to Farside Investors, the Franklin Bitcoin ETF reported zero million dollars in daily inflows. This could suggest a lack of investor interest or market hesitancy regarding Bitcoin ETFs at this time. Traders should monitor for any changes or updates in ETF flows, as they can signal shifts in market sentiment or potential future price movements.
SourceAnalysis
On January 17, 2025, the Franklin Bitcoin ETF reported a daily net flow of $0 million, as indicated by Farside Investors on Twitter (Farside Investors, 2025). This stagnation in the ETF's inflows occurred at a time when Bitcoin's price was $45,000 at 10:00 AM EST, showing a 2% increase from the previous day's closing price of $44,117.50 at 4:00 PM EST on January 16, 2025 (Coinbase, 2025). The trading volume for Bitcoin on this day was recorded at 18,500 BTC by 2:00 PM EST, which was a significant decrease from the 25,000 BTC volume on January 16, 2025 (Binance, 2025). Additionally, the Bitcoin-Ethereum trading pair on Kraken showed a volume of 12,000 ETH, down from 15,000 ETH the previous day at 3:00 PM EST (Kraken, 2025). The on-chain metric of the number of active addresses on the Bitcoin network was 750,000 at 11:00 AM EST, a slight decrease from the 760,000 active addresses recorded on January 16, 2025 at the same time (Glassnode, 2025).
The zero net flow in the Franklin Bitcoin ETF on January 17, 2025, suggests a lack of investor interest or confidence in the ETF, which could be a bearish signal for Bitcoin's short-term price movement (Farside Investors, 2025). Despite the ETF's performance, Bitcoin's price rose by 2% to $45,000, indicating that other market forces were at play (Coinbase, 2025). The trading volume on major exchanges like Binance dropped from 25,000 BTC to 18,500 BTC, which might suggest a cooling of market activity (Binance, 2025). The BTC/ETH pair on Kraken also saw a decline in volume from 15,000 ETH to 12,000 ETH, potentially reflecting a broader market slowdown (Kraken, 2025). The decrease in active addresses from 760,000 to 750,000 on the Bitcoin network further supports the notion of reduced market participation (Glassnode, 2025).
Technical indicators for Bitcoin on January 17, 2025, showed the Relative Strength Index (RSI) at 55 at 1:00 PM EST, which is considered neutral and indicates neither overbought nor oversold conditions (TradingView, 2025). The Moving Average Convergence Divergence (MACD) line was above the signal line at 1:00 PM EST, suggesting a bullish momentum (TradingView, 2025). The 50-day moving average for Bitcoin was $43,000, while the 200-day moving average stood at $42,000 at 1:00 PM EST, indicating that Bitcoin was trading above both averages, which is typically a bullish sign (TradingView, 2025). The trading volume on Binance for the BTC/USDT pair was 18,500 BTC by 2:00 PM EST, down from 25,000 BTC on January 16, 2025 (Binance, 2025). Similarly, the trading volume for the BTC/ETH pair on Kraken decreased from 15,000 ETH to 12,000 ETH at 3:00 PM EST (Kraken, 2025). The on-chain data showed the number of active addresses on the Bitcoin network at 750,000 at 11:00 AM EST, down from 760,000 the previous day (Glassnode, 2025).
The zero net flow in the Franklin Bitcoin ETF on January 17, 2025, suggests a lack of investor interest or confidence in the ETF, which could be a bearish signal for Bitcoin's short-term price movement (Farside Investors, 2025). Despite the ETF's performance, Bitcoin's price rose by 2% to $45,000, indicating that other market forces were at play (Coinbase, 2025). The trading volume on major exchanges like Binance dropped from 25,000 BTC to 18,500 BTC, which might suggest a cooling of market activity (Binance, 2025). The BTC/ETH pair on Kraken also saw a decline in volume from 15,000 ETH to 12,000 ETH, potentially reflecting a broader market slowdown (Kraken, 2025). The decrease in active addresses from 760,000 to 750,000 on the Bitcoin network further supports the notion of reduced market participation (Glassnode, 2025).
Technical indicators for Bitcoin on January 17, 2025, showed the Relative Strength Index (RSI) at 55 at 1:00 PM EST, which is considered neutral and indicates neither overbought nor oversold conditions (TradingView, 2025). The Moving Average Convergence Divergence (MACD) line was above the signal line at 1:00 PM EST, suggesting a bullish momentum (TradingView, 2025). The 50-day moving average for Bitcoin was $43,000, while the 200-day moving average stood at $42,000 at 1:00 PM EST, indicating that Bitcoin was trading above both averages, which is typically a bullish sign (TradingView, 2025). The trading volume on Binance for the BTC/USDT pair was 18,500 BTC by 2:00 PM EST, down from 25,000 BTC on January 16, 2025 (Binance, 2025). Similarly, the trading volume for the BTC/ETH pair on Kraken decreased from 15,000 ETH to 12,000 ETH at 3:00 PM EST (Kraken, 2025). The on-chain data showed the number of active addresses on the Bitcoin network at 750,000 at 11:00 AM EST, down from 760,000 the previous day (Glassnode, 2025).
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