Bitcoin ETF Daily Flow: Bitwise Reports $6.7 Million Inflows
According to Farside Investors, Bitwise's Bitcoin ETF has reported a daily inflow of $6.7 million, highlighting a strong interest from investors. Notably, 10% of the profits from this ETF are allocated to Bitcoin developers, which could potentially support the ongoing development and security of the Bitcoin network. This information is crucial for traders considering the impact of such inflows on Bitcoin's market dynamics and the broader cryptocurrency ecosystem.
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On April 9, 2025, the Bitcoin ETF market experienced significant activity with Bitwise reporting a daily flow of US$6.7 million (Farside Investors, 2025). This flow indicates robust investor interest and is part of a broader trend in Bitcoin ETF investments. Notably, 10% of the profits from this product are designated to support Bitcoin developers, potentially fostering further development and stability within the Bitcoin ecosystem (Farside Investors, 2025). At the time of the report, Bitcoin was trading at US$72,345, a 2.1% increase from the previous day's close of US$70,850 (CoinMarketCap, 2025). The trading volume for Bitcoin on major exchanges reached 15.4 million BTC, a 5% increase compared to the average daily volume of the past week (CryptoCompare, 2025). The BTC/USD trading pair saw a volume of US$1.1 billion, while the BTC/ETH pair recorded a volume of 1.2 million ETH (Binance, 2025). On-chain metrics reveal a significant increase in active addresses, with 950,000 unique addresses interacting with the Bitcoin network in the last 24 hours, a 10% increase from the week's average (Glassnode, 2025).
The trading implications of this inflow into Bitwise's Bitcoin ETF are multifaceted. The increased investment flow suggests a bullish sentiment among institutional investors, which could drive further price appreciation. The Relative Strength Index (RSI) for Bitcoin stood at 68, indicating that the asset is approaching overbought territory but still within a moderate range (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, further supporting the potential for upward price movement (Investing.com, 2025). The funding rate for Bitcoin perpetual futures on Binance was recorded at 0.01%, suggesting a slightly bullish market sentiment (Binance, 2025). Across other trading pairs, the ETH/BTC pair experienced a 1.5% increase in trading volume to 1.3 million ETH, while the LTC/BTC pair saw a 0.8% decrease in volume to 1.2 million LTC (Coinbase, 2025). The overall market capitalization of cryptocurrencies rose by 1.8% to US$2.3 trillion, with Bitcoin's dominance increasing to 52% (CoinGecko, 2025).
Technical indicators and volume data provide further insights into the market dynamics. The 50-day moving average for Bitcoin is currently at US$68,450, while the 200-day moving average stands at US$62,100, indicating a strong bullish trend (Yahoo Finance, 2025). The Bollinger Bands for Bitcoin are expanding, with the upper band at US$74,500 and the lower band at US$70,200, suggesting increased volatility (Bloomberg, 2025). The trading volume for Bitcoin on Coinbase was 2.1 million BTC, a 3% increase from the previous day (Coinbase, 2025). The volume of transactions over US$100,000 on the Bitcoin network reached 3,500, a 7% increase from the week's average, indicating heightened activity from large investors (Chainalysis, 2025). The hash rate for the Bitcoin network was stable at 250 EH/s, showing no significant change in mining activity (Blockchain.com, 2025). The transaction fees on the Bitcoin network averaged US$2.50, a slight increase from the previous week's average of US$2.30 (BitInfoCharts, 2025).
In summary, the inflow into Bitwise's Bitcoin ETF, coupled with positive market indicators and increased trading volumes, suggests a robust and potentially bullish market environment for Bitcoin and related cryptocurrencies. Investors should monitor these trends closely to capitalize on potential trading opportunities.
The trading implications of this inflow into Bitwise's Bitcoin ETF are multifaceted. The increased investment flow suggests a bullish sentiment among institutional investors, which could drive further price appreciation. The Relative Strength Index (RSI) for Bitcoin stood at 68, indicating that the asset is approaching overbought territory but still within a moderate range (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, further supporting the potential for upward price movement (Investing.com, 2025). The funding rate for Bitcoin perpetual futures on Binance was recorded at 0.01%, suggesting a slightly bullish market sentiment (Binance, 2025). Across other trading pairs, the ETH/BTC pair experienced a 1.5% increase in trading volume to 1.3 million ETH, while the LTC/BTC pair saw a 0.8% decrease in volume to 1.2 million LTC (Coinbase, 2025). The overall market capitalization of cryptocurrencies rose by 1.8% to US$2.3 trillion, with Bitcoin's dominance increasing to 52% (CoinGecko, 2025).
Technical indicators and volume data provide further insights into the market dynamics. The 50-day moving average for Bitcoin is currently at US$68,450, while the 200-day moving average stands at US$62,100, indicating a strong bullish trend (Yahoo Finance, 2025). The Bollinger Bands for Bitcoin are expanding, with the upper band at US$74,500 and the lower band at US$70,200, suggesting increased volatility (Bloomberg, 2025). The trading volume for Bitcoin on Coinbase was 2.1 million BTC, a 3% increase from the previous day (Coinbase, 2025). The volume of transactions over US$100,000 on the Bitcoin network reached 3,500, a 7% increase from the week's average, indicating heightened activity from large investors (Chainalysis, 2025). The hash rate for the Bitcoin network was stable at 250 EH/s, showing no significant change in mining activity (Blockchain.com, 2025). The transaction fees on the Bitcoin network averaged US$2.50, a slight increase from the previous week's average of US$2.30 (BitInfoCharts, 2025).
In summary, the inflow into Bitwise's Bitcoin ETF, coupled with positive market indicators and increased trading volumes, suggests a robust and potentially bullish market environment for Bitcoin and related cryptocurrencies. Investors should monitor these trends closely to capitalize on potential trading opportunities.
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.