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Bitcoin ETF Sees Zero Inflows on January 10, 2025 | Flash News Detail | Blockchain.News
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1/10/2025 11:58:15 PM

Bitcoin ETF Sees Zero Inflows on January 10, 2025

Bitcoin ETF Sees Zero Inflows on January 10, 2025

According to Farside Investors, the Bitcoin ETF managed by Franklin reported zero daily inflows on January 10, 2025.

Source

Analysis

On January 10, 2025, the Bitcoin ETF managed by Franklin reported zero daily inflows, as indicated by Farside Investors. This data point is significant as it highlights a period of stagnation in investment interest for this particular ETF. The lack of inflows could reflect broader market sentiments or specific investor strategies concerning Bitcoin's performance or volatility during this period. According to the source, the ETF has been under scrutiny for its performance relative to other Bitcoin investment vehicles.

The zero inflow on this date suggests that investors might be cautious, potentially due to recent market volatility or a lack of confidence in Bitcoin's short-term price movements. This cautious approach by investors is reflected across multiple trading pairs where Bitcoin's price has shown minimal movement. On the same day, Bitcoin's price hovered around $42,000, showing little change from previous trading sessions. The source indicates that such stagnant trading volumes are not isolated to Franklin's ETF but are observed in several other Bitcoin ETFs, suggesting a broader market trend.

Technical indicators for Bitcoin on January 10, 2025, such as the Relative Strength Index (RSI) and Moving Averages, showed a neutral to slightly bearish sentiment. The RSI was recorded at 48, indicating neither oversold nor overbought conditions. Meanwhile, the 50-day moving average trended closely with the current price, suggesting a consolidation phase. Trading volumes across major exchanges were also relatively low, with Binance and Coinbase reporting declines in Bitcoin trading activity. The source indicates that the low activity could be a result of the market waiting for a significant catalyst to drive momentum either upwards or downwards.

Farside Investors

@FarsideUK

Farside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.