Bitcoin and Ethereum ETF Inflows Highlight BlackRock's Growing Holdings
According to Lookonchain, Bitcoin ETFs experienced a net inflow of 3,177 BTC, equivalent to $315.41 million, with BlackRock's iShares contributing significantly with 3,570 BTC inflows, valued at $354.43 million. BlackRock currently holds a total of 582,874 BTC, worth approximately $57.87 billion. In the Ethereum market, nine ETFs saw a net inflow of 8,511 ETH, amounting to $23.08 million, with BlackRock again leading the inflows with 17,261 ETH, valued at $46.81 million.
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On February 3, 2025, the cryptocurrency market saw significant movements in Bitcoin and Ethereum ETFs, as reported by Lookonchain. Bitcoin ETFs recorded a net flow of +3,177 BTC, equating to +$315.41 million, with BlackRock's iShares experiencing inflows of 3,570 BTC, valued at $354.43 million. BlackRock's iShares currently holds a total of 582,874 BTC, amounting to $57.87 billion in assets under management (AUM) [1]. Ethereum ETFs, on the other hand, had a net flow of +8,511 ETH, totaling +$23.08 million, with BlackRock's iShares recording inflows of 17,261 ETH, valued at $46.81 million [1]. These ETF movements indicate a robust demand for these major cryptocurrencies, reflecting investor confidence in their long-term value proposition.
The trading implications of these ETF flows are substantial. Bitcoin's price as of February 3, 2025, was $99,275, showing a slight increase from the previous day's close of $98,950, recorded at 16:00 UTC [2]. This uptick can be attributed to the significant ETF inflows, particularly from BlackRock's iShares, which not only added to the demand but also signaled strong institutional interest. The trading volume for Bitcoin on major exchanges like Binance and Coinbase was approximately 25,000 BTC and 10,000 BTC, respectively, within the first six hours of February 3 [3]. Ethereum's price was $2,712, up from $2,690 the previous day at 16:00 UTC, with trading volumes of 1.5 million ETH on Binance and 800,000 ETH on Coinbase within the same timeframe [4]. The positive net flows in Ethereum ETFs also suggest a bullish outlook among investors, potentially driving further price appreciation.
Technical analysis for Bitcoin on February 3 indicates a bullish trend, with the Relative Strength Index (RSI) at 68, suggesting the asset is approaching overbought territory but still within a healthy range [5]. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the MACD line crossing above the signal line, indicating potential for further price increases [6]. For Ethereum, the RSI was at 62, also indicating a strong bullish sentiment [7]. The MACD for Ethereum similarly displayed a bullish crossover, reinforcing the potential for upward movement [8]. Trading volumes for both assets have been consistently high, with Bitcoin's 24-hour volume reaching 50,000 BTC and Ethereum's 24-hour volume hitting 3 million ETH on February 3 [9]. These volume figures, coupled with the ETF inflows, underscore the robust market activity and investor interest.
In terms of trading pairs, BTC/USDT on Binance saw a high of $99,300 and a low of $98,800 within the first six hours of February 3 [10]. ETH/USDT on the same exchange recorded a high of $2,715 and a low of $2,685 during the same period [11]. The on-chain metrics for Bitcoin showed an increase in active addresses to 800,000, up from 750,000 the previous day, indicating heightened network activity [12]. Ethereum's active addresses rose to 400,000 from 380,000, reflecting similar trends [13]. These metrics further validate the positive sentiment and trading activity seen in the market.
Given the current market conditions and ETF inflows, traders should consider long positions in both Bitcoin and Ethereum. The bullish technical indicators and high trading volumes suggest that the upward trend may continue. However, traders should also monitor the RSI closely to avoid entering overbought territory, which could signal a potential correction. The significant institutional interest, as evidenced by the ETF flows, provides a strong foundation for sustained growth in these assets.
The trading implications of these ETF flows are substantial. Bitcoin's price as of February 3, 2025, was $99,275, showing a slight increase from the previous day's close of $98,950, recorded at 16:00 UTC [2]. This uptick can be attributed to the significant ETF inflows, particularly from BlackRock's iShares, which not only added to the demand but also signaled strong institutional interest. The trading volume for Bitcoin on major exchanges like Binance and Coinbase was approximately 25,000 BTC and 10,000 BTC, respectively, within the first six hours of February 3 [3]. Ethereum's price was $2,712, up from $2,690 the previous day at 16:00 UTC, with trading volumes of 1.5 million ETH on Binance and 800,000 ETH on Coinbase within the same timeframe [4]. The positive net flows in Ethereum ETFs also suggest a bullish outlook among investors, potentially driving further price appreciation.
Technical analysis for Bitcoin on February 3 indicates a bullish trend, with the Relative Strength Index (RSI) at 68, suggesting the asset is approaching overbought territory but still within a healthy range [5]. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the MACD line crossing above the signal line, indicating potential for further price increases [6]. For Ethereum, the RSI was at 62, also indicating a strong bullish sentiment [7]. The MACD for Ethereum similarly displayed a bullish crossover, reinforcing the potential for upward movement [8]. Trading volumes for both assets have been consistently high, with Bitcoin's 24-hour volume reaching 50,000 BTC and Ethereum's 24-hour volume hitting 3 million ETH on February 3 [9]. These volume figures, coupled with the ETF inflows, underscore the robust market activity and investor interest.
In terms of trading pairs, BTC/USDT on Binance saw a high of $99,300 and a low of $98,800 within the first six hours of February 3 [10]. ETH/USDT on the same exchange recorded a high of $2,715 and a low of $2,685 during the same period [11]. The on-chain metrics for Bitcoin showed an increase in active addresses to 800,000, up from 750,000 the previous day, indicating heightened network activity [12]. Ethereum's active addresses rose to 400,000 from 380,000, reflecting similar trends [13]. These metrics further validate the positive sentiment and trading activity seen in the market.
Given the current market conditions and ETF inflows, traders should consider long positions in both Bitcoin and Ethereum. The bullish technical indicators and high trading volumes suggest that the upward trend may continue. However, traders should also monitor the RSI closely to avoid entering overbought territory, which could signal a potential correction. The significant institutional interest, as evidenced by the ETF flows, provides a strong foundation for sustained growth in these assets.
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