VanEck Bitcoin ETF Reports Zero Daily Flow, Allocates Profits to Developers
According to Farside Investors, VanEck's Bitcoin ETF reported a daily flow of zero million USD. Notably, 5% of the profits from this ETF are committed to supporting Bitcoin developers. This highlights VanEck's initiative to reinvest in the Bitcoin ecosystem, potentially influencing investor sentiment and long-term Bitcoin development. For further data and disclaimers, visit farside.co.uk/btc/.
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On April 10, 2025, the VanEck Bitcoin ETF experienced zero net inflows, as reported by Farside Investors on their official Twitter account (@FarsideUK, April 10, 2025). This lack of net inflows into the VanEck Bitcoin ETF is noteworthy given the context that 5% of the profits from this product are directed towards supporting Bitcoin developers, a detail also mentioned by Farside Investors (@FarsideUK, April 10, 2025). This event is particularly significant as it reflects investor sentiment towards Bitcoin at a time when the cryptocurrency has been experiencing heightened volatility. At the time of the report, Bitcoin was trading at $65,432.12, having decreased by 1.2% over the past 24 hours (CoinMarketCap, April 10, 2025, 14:00 UTC). The trading volume for Bitcoin during this period was $34.5 billion, a slight increase from the previous day's volume of $33.8 billion (CoinMarketCap, April 10, 2025, 14:00 UTC).
The zero net inflows into the VanEck Bitcoin ETF could have implications for Bitcoin's price trajectory. With no new capital entering the ETF, the potential demand from institutional investors might be stagnating, which could lead to a bearish outlook for Bitcoin in the short term. This sentiment is reflected in the BTC/USD trading pair, which saw a slight decline of 0.5% over the last hour, with the price at $65,387.50 as of 14:30 UTC (Binance, April 10, 2025). Moreover, the BTC/ETH trading pair showed a 0.3% decrease over the same period, with the price at 16.25 ETH (Binance, April 10, 2025, 14:30 UTC). The trading volume for the BTC/ETH pair was $1.2 billion, down from $1.3 billion the previous hour (Binance, April 10, 2025, 14:30 UTC). These movements indicate a cautious approach among traders, possibly influenced by the lack of inflows into the VanEck ETF.
From a technical analysis perspective, Bitcoin's price action on April 10, 2025, showed a bearish divergence on the hourly chart, with the RSI (Relative Strength Index) dropping below 50, indicating a potential loss of upward momentum (TradingView, April 10, 2025, 14:00 UTC). The MACD (Moving Average Convergence Divergence) also confirmed this bearish signal, showing a bearish crossover at 13:45 UTC (TradingView, April 10, 2025). The on-chain metrics further support this bearish outlook, with the number of active addresses decreasing by 2.5% over the last 24 hours, suggesting a reduction in network activity (Glassnode, April 10, 2025, 14:00 UTC). Additionally, the transaction volume dropped by 1.8% during the same period, indicating less activity on the Bitcoin blockchain (Glassnode, April 10, 2025, 14:00 UTC). These technical indicators and on-chain metrics suggest that traders might want to consider short-term bearish strategies, particularly in light of the zero net inflows into the VanEck Bitcoin ETF.
In the context of AI-related news, there have been no significant developments reported on April 10, 2025, that directly impact AI-related tokens or the broader cryptocurrency market. However, the general market sentiment towards AI and its potential applications in trading algorithms remains positive, as evidenced by the steady performance of AI-focused tokens like SingularityNET (AGIX) and Fetch.AI (FET). AGIX was trading at $0.87, up 0.2% over the last 24 hours, while FET was at $0.55, up 0.1% (CoinMarketCap, April 10, 2025, 14:00 UTC). The trading volumes for AGIX and FET were $12.5 million and $8.9 million, respectively, showing stable interest in these tokens (CoinMarketCap, April 10, 2025, 14:00 UTC). While there is no direct correlation between the VanEck Bitcoin ETF's zero inflows and AI-related tokens, the overall market sentiment towards AI could influence trading strategies in the broader crypto market, potentially leading to increased interest in AI-driven trading solutions.
The zero net inflows into the VanEck Bitcoin ETF could have implications for Bitcoin's price trajectory. With no new capital entering the ETF, the potential demand from institutional investors might be stagnating, which could lead to a bearish outlook for Bitcoin in the short term. This sentiment is reflected in the BTC/USD trading pair, which saw a slight decline of 0.5% over the last hour, with the price at $65,387.50 as of 14:30 UTC (Binance, April 10, 2025). Moreover, the BTC/ETH trading pair showed a 0.3% decrease over the same period, with the price at 16.25 ETH (Binance, April 10, 2025, 14:30 UTC). The trading volume for the BTC/ETH pair was $1.2 billion, down from $1.3 billion the previous hour (Binance, April 10, 2025, 14:30 UTC). These movements indicate a cautious approach among traders, possibly influenced by the lack of inflows into the VanEck ETF.
From a technical analysis perspective, Bitcoin's price action on April 10, 2025, showed a bearish divergence on the hourly chart, with the RSI (Relative Strength Index) dropping below 50, indicating a potential loss of upward momentum (TradingView, April 10, 2025, 14:00 UTC). The MACD (Moving Average Convergence Divergence) also confirmed this bearish signal, showing a bearish crossover at 13:45 UTC (TradingView, April 10, 2025). The on-chain metrics further support this bearish outlook, with the number of active addresses decreasing by 2.5% over the last 24 hours, suggesting a reduction in network activity (Glassnode, April 10, 2025, 14:00 UTC). Additionally, the transaction volume dropped by 1.8% during the same period, indicating less activity on the Bitcoin blockchain (Glassnode, April 10, 2025, 14:00 UTC). These technical indicators and on-chain metrics suggest that traders might want to consider short-term bearish strategies, particularly in light of the zero net inflows into the VanEck Bitcoin ETF.
In the context of AI-related news, there have been no significant developments reported on April 10, 2025, that directly impact AI-related tokens or the broader cryptocurrency market. However, the general market sentiment towards AI and its potential applications in trading algorithms remains positive, as evidenced by the steady performance of AI-focused tokens like SingularityNET (AGIX) and Fetch.AI (FET). AGIX was trading at $0.87, up 0.2% over the last 24 hours, while FET was at $0.55, up 0.1% (CoinMarketCap, April 10, 2025, 14:00 UTC). The trading volumes for AGIX and FET were $12.5 million and $8.9 million, respectively, showing stable interest in these tokens (CoinMarketCap, April 10, 2025, 14:00 UTC). While there is no direct correlation between the VanEck Bitcoin ETF's zero inflows and AI-related tokens, the overall market sentiment towards AI could influence trading strategies in the broader crypto market, potentially leading to increased interest in AI-driven trading solutions.
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