Significant Inflows into Bitcoin and Ethereum ETFs Led by BlackRock
According to Lookonchain, on January 22, Bitcoin ETFs experienced a net inflow of 6,719 BTC valued at $700.94 million, with BlackRock's iShares contributing 6,208 BTC ($647.67 million). BlackRock now holds 569,343 BTC worth $59.4 billion. Similarly, Ethereum ETFs saw net inflows of 18,108 ETH totaling $59.59 million, with BlackRock's iShares accounting for 16,959 ETH ($55.81 million). BlackRock's total holdings reach 1,176,690 ETH, valued at $3.87 billion. These inflows suggest strong institutional interest and potential bullish sentiment in the crypto ETFs market.
SourceAnalysis
On January 22, 2025, significant movements were recorded in both Bitcoin and Ethereum ETF markets. Bitcoin ETFs saw a net inflow of 6,719 BTC, equating to approximately $700.94 million, with BlackRock's iShares Bitcoin Trust being the major contributor with an inflow of 6,208 BTC, valued at $647.67 million (Lookonchain, 2025). BlackRock's total holdings in Bitcoin now stand at 569,343 BTC, which translates to a staggering $59.4 billion. On the Ethereum front, the ETFs recorded a net inflow of 18,108 ETH, amounting to $59.59 million, with BlackRock's iShares Ethereum Trust leading the charge with an inflow of 16,959 ETH, valued at $55.81 million. BlackRock's current Ethereum holdings are at 1,176,690 ETH, valued at approximately $3.87 billion (Lookonchain, 2025). These inflows indicate strong institutional interest and confidence in both cryptocurrencies at this time.
The trading implications of these ETF inflows are substantial. The Bitcoin price on January 22, 2025, at 12:00 PM UTC, was $104,125, reflecting a 2.3% increase from the previous day's close of $101,800 (CoinMarketCap, 2025). This price surge can be attributed to the significant ETF inflows, particularly from BlackRock, as institutional investments often lead to increased market liquidity and price stability. Ethereum also experienced a price increase, trading at $3,292 at 12:00 PM UTC, up by 1.8% from the previous day's close of $3,234 (CoinMarketCap, 2025). The trading volume for Bitcoin on major exchanges like Binance and Coinbase totaled 24,500 BTC at 12:00 PM UTC, suggesting heightened market activity directly correlated with the ETF inflows (CryptoQuant, 2025). Ethereum's trading volume reached 110,000 ETH on the same exchanges, indicating similar market dynamics (CryptoQuant, 2025).
Technical indicators and volume data further validate the market's bullish sentiment. Bitcoin's 24-hour trading volume on January 22, 2025, stood at $2.55 billion, a 15% increase from the previous day's $2.22 billion (TradingView, 2025). The Relative Strength Index (RSI) for Bitcoin was at 68.5, indicating it was approaching overbought territory but still within a bullish range (TradingView, 2025). Ethereum's 24-hour trading volume was $360 million, up by 12% from the previous day's $321 million (TradingView, 2025). Ethereum's RSI was at 62.3, also showing a strong bullish trend (TradingView, 2025). On-chain metrics such as the Bitcoin Hash Ribbon, which measures miner capitulation, showed no signs of stress, suggesting sustained miner confidence (Glassnode, 2025). Similarly, Ethereum's gas usage increased by 5% to an average of 100 Gwei, indicating higher network activity and potential for further price appreciation (Etherscan, 2025).
The trading implications of these ETF inflows are substantial. The Bitcoin price on January 22, 2025, at 12:00 PM UTC, was $104,125, reflecting a 2.3% increase from the previous day's close of $101,800 (CoinMarketCap, 2025). This price surge can be attributed to the significant ETF inflows, particularly from BlackRock, as institutional investments often lead to increased market liquidity and price stability. Ethereum also experienced a price increase, trading at $3,292 at 12:00 PM UTC, up by 1.8% from the previous day's close of $3,234 (CoinMarketCap, 2025). The trading volume for Bitcoin on major exchanges like Binance and Coinbase totaled 24,500 BTC at 12:00 PM UTC, suggesting heightened market activity directly correlated with the ETF inflows (CryptoQuant, 2025). Ethereum's trading volume reached 110,000 ETH on the same exchanges, indicating similar market dynamics (CryptoQuant, 2025).
Technical indicators and volume data further validate the market's bullish sentiment. Bitcoin's 24-hour trading volume on January 22, 2025, stood at $2.55 billion, a 15% increase from the previous day's $2.22 billion (TradingView, 2025). The Relative Strength Index (RSI) for Bitcoin was at 68.5, indicating it was approaching overbought territory but still within a bullish range (TradingView, 2025). Ethereum's 24-hour trading volume was $360 million, up by 12% from the previous day's $321 million (TradingView, 2025). Ethereum's RSI was at 62.3, also showing a strong bullish trend (TradingView, 2025). On-chain metrics such as the Bitcoin Hash Ribbon, which measures miner capitulation, showed no signs of stress, suggesting sustained miner confidence (Glassnode, 2025). Similarly, Ethereum's gas usage increased by 5% to an average of 100 Gwei, indicating higher network activity and potential for further price appreciation (Etherscan, 2025).
Lookonchain
@lookonchainLooking for smartmoney onchain