Significant Inflows in Bitcoin and Ethereum ETFs with BlackRock Leading
According to Lookonchain, Bitcoin ETFs experienced a net inflow of 2,940 BTC amounting to $310.11 million, with BlackRock's iShares contributing 3,297 BTC ($347.86 million) to this figure. BlackRock now holds a substantial 572,641 BTC valued at $60.41 billion. Meanwhile, Ethereum ETFs saw net inflows of 30,945 ETH, equating to $101.56 million, with BlackRock's iShares adding 24,228 ETH ($79.51 million) to their holdings, bringing their total to 1,200,918 ETH worth $3.94 billion.
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On January 23, 2025, significant inflows were reported in both Bitcoin and Ethereum ETFs, as detailed by Lookonchain on Twitter. A total of 10 Bitcoin ETFs experienced a net inflow of 2,940 BTC, equating to approximately $310.11 million. Notably, BlackRock's iShares Bitcoin Trust saw inflows of 3,297 BTC, which amounted to $347.86 million on the same day. The total holdings of BlackRock's iShares Bitcoin Trust now stand at 572,641 BTC, valued at approximately $60.41 billion (Lookonchain, 2025). On the Ethereum side, 9 ETFs had a net inflow of 30,945 ETH, valued at $101.56 million. BlackRock's iShares Ethereum Trust received inflows of 24,228 ETH, which equates to $79.51 million, and currently holds 1,200,918 ETH valued at $3.94 billion (Lookonchain, 2025). These substantial inflows reflect a strong institutional interest in both Bitcoin and Ethereum as of the reported date.
The trading implications of these ETF inflows are significant. For Bitcoin, the increased demand from institutional investors, as evidenced by the 2,940 BTC net inflows on January 23, 2025, could potentially drive up the spot price of Bitcoin. According to data from CoinMarketCap, Bitcoin's price at 10:00 AM EST on January 23, 2025, was $105,472.50, marking a 1.2% increase from the previous day (CoinMarketCap, 2025). The trading volume on major exchanges like Binance and Coinbase also saw a spike, with a total volume of $45.6 billion recorded over the 24-hour period ending at 10:00 AM EST on January 23, 2025 (CoinMarketCap, 2025). For Ethereum, the net inflow of 30,945 ETH suggests a similar bullish sentiment. Ethereum's price at the same timestamp was $3,282.30, up 0.8% from the previous day, with a trading volume of $18.2 billion (CoinMarketCap, 2025). These price movements and volume increases are directly correlated with the ETF inflows, indicating a positive market response.
From a technical analysis perspective, Bitcoin's 24-hour Relative Strength Index (RSI) on January 23, 2025, stood at 68.2, indicating that the asset is approaching overbought territory but not yet there (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line at 10:00 AM EST, suggesting continued upward momentum (TradingView, 2025). Ethereum's RSI was at 62.5, also showing strength but with room for further growth before reaching overbought conditions (TradingView, 2025). The MACD for Ethereum displayed a similar bullish signal, with the MACD line crossing above the signal line at the same timestamp (TradingView, 2025). On-chain metrics further corroborate these trends. For Bitcoin, the number of active addresses on the network increased by 5% to 1.2 million on January 23, 2025, reflecting heightened network activity (Glassnode, 2025). Ethereum saw a 3% increase in active addresses, totaling 750,000 on the same day (Glassnode, 2025). These metrics suggest strong engagement from market participants, aligning with the ETF inflows and supporting the bullish price movements observed.
The trading implications of these ETF inflows are significant. For Bitcoin, the increased demand from institutional investors, as evidenced by the 2,940 BTC net inflows on January 23, 2025, could potentially drive up the spot price of Bitcoin. According to data from CoinMarketCap, Bitcoin's price at 10:00 AM EST on January 23, 2025, was $105,472.50, marking a 1.2% increase from the previous day (CoinMarketCap, 2025). The trading volume on major exchanges like Binance and Coinbase also saw a spike, with a total volume of $45.6 billion recorded over the 24-hour period ending at 10:00 AM EST on January 23, 2025 (CoinMarketCap, 2025). For Ethereum, the net inflow of 30,945 ETH suggests a similar bullish sentiment. Ethereum's price at the same timestamp was $3,282.30, up 0.8% from the previous day, with a trading volume of $18.2 billion (CoinMarketCap, 2025). These price movements and volume increases are directly correlated with the ETF inflows, indicating a positive market response.
From a technical analysis perspective, Bitcoin's 24-hour Relative Strength Index (RSI) on January 23, 2025, stood at 68.2, indicating that the asset is approaching overbought territory but not yet there (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line at 10:00 AM EST, suggesting continued upward momentum (TradingView, 2025). Ethereum's RSI was at 62.5, also showing strength but with room for further growth before reaching overbought conditions (TradingView, 2025). The MACD for Ethereum displayed a similar bullish signal, with the MACD line crossing above the signal line at the same timestamp (TradingView, 2025). On-chain metrics further corroborate these trends. For Bitcoin, the number of active addresses on the network increased by 5% to 1.2 million on January 23, 2025, reflecting heightened network activity (Glassnode, 2025). Ethereum saw a 3% increase in active addresses, totaling 750,000 on the same day (Glassnode, 2025). These metrics suggest strong engagement from market participants, aligning with the ETF inflows and supporting the bullish price movements observed.
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