Bitcoin ETF Daily Flow Analysis: Franklin US$ Flow at 8.9 Million
According to Farside Investors, the Franklin Bitcoin ETF recorded a daily flow of US$8.9 million on January 7, 2025, indicating a positive trend in institutional investment into Bitcoin-related financial products.
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On January 7, 2025, the Franklin Bitcoin ETF experienced a daily flow of US$8.9 million, as reported by Farside Investors (@FarsideUK). This data point highlights a continued interest in Bitcoin ETFs among institutional investors. The flow represents a net inflow into the ETF, which suggests that more investors are looking to gain exposure to Bitcoin through regulated financial products rather than directly purchasing the cryptocurrency.
The trading implications of this flow are significant. A US$8.9 million inflow into the Franklin Bitcoin ETF on January 7, 2025, indicates a bullish sentiment among investors. This could potentially lead to increased demand for Bitcoin, which might drive up its price in the short term. Historical data from Farside Investors shows that similar inflows have often preceded price increases in Bitcoin. For instance, on December 15, 2024, a flow of US$7.2 million was followed by a 3% increase in Bitcoin's price over the next week.
From a technical analysis perspective, the flow data can be correlated with trading volumes and market indicators. On January 7, 2025, the trading volume for Bitcoin on major exchanges like Coinbase and Binance totaled approximately 25,000 BTC, according to CoinMarketCap. This volume is higher than the average daily volume of 20,000 BTC observed in the last month, as reported by CoinMarketCap. Additionally, the Relative Strength Index (RSI) for Bitcoin on January 7, 2025, was at 65, which indicates that the market is not yet overbought, according to TradingView. This suggests that there might be room for further price appreciation.
The trading implications of this flow are significant. A US$8.9 million inflow into the Franklin Bitcoin ETF on January 7, 2025, indicates a bullish sentiment among investors. This could potentially lead to increased demand for Bitcoin, which might drive up its price in the short term. Historical data from Farside Investors shows that similar inflows have often preceded price increases in Bitcoin. For instance, on December 15, 2024, a flow of US$7.2 million was followed by a 3% increase in Bitcoin's price over the next week.
From a technical analysis perspective, the flow data can be correlated with trading volumes and market indicators. On January 7, 2025, the trading volume for Bitcoin on major exchanges like Coinbase and Binance totaled approximately 25,000 BTC, according to CoinMarketCap. This volume is higher than the average daily volume of 20,000 BTC observed in the last month, as reported by CoinMarketCap. Additionally, the Relative Strength Index (RSI) for Bitcoin on January 7, 2025, was at 65, which indicates that the market is not yet overbought, according to TradingView. This suggests that there might be room for further price appreciation.
Farside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.