Significant Outflows in Bitcoin and Ethereum ETFs as Reported by Lookonchain
According to Lookonchain, there were notable outflows from both Bitcoin and Ethereum ETFs on February 12. Bitcoin ETFs experienced a net flow of -1,592 BTC, equating to a financial outflow of approximately $150.88 million. Specifically, Grayscale's Bitcoin Trust (GBTC) saw an outflow of 483 BTC, valued at $45.81 million, and currently holds 200,286 BTC worth $18.98 billion. On the Ethereum side, the net flow for ETFs was -3,971 ETH, amounting to a $10.3 million outflow. Grayscale's Ethereum Trust (ETHE) reported an outflow of 8,451 ETH, valued at $21.91 million, with a current holding of 1,316,232 ETH.
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On February 12, 2025, significant outflows were observed in Bitcoin and Ethereum ETFs, as reported by Lookonchain. The 10 Bitcoin ETFs experienced a net outflow of 1,592 BTC, amounting to $150.88 million. Specifically, Grayscale's GBTC saw an outflow of 483 BTC, valued at $45.81 million, while its current holdings stand at 200,286 BTC, equivalent to $18.98 billion. Simultaneously, the 9 Ethereum ETFs reported a net outflow of 3,971 ETH, totaling $10.3 million. Grayscale's ETHE had outflows of 8,451 ETH, valued at $21.91 million, with current holdings of 1,316,232 ETH (Lookonchain, Feb 12, 2025). These outflows reflect a cautious approach among institutional investors amidst market uncertainties.
The trading implications of these outflows are significant. For Bitcoin, the price at 12:00 PM UTC on February 12 was $94,780, reflecting a 2.3% decrease from the previous day's close of $97,000 (CoinDesk, Feb 12, 2025). This decline can be attributed to the increased selling pressure from ETF outflows. Similarly, Ethereum's price at the same time was $2,592, down 1.8% from $2,640 (CoinDesk, Feb 12, 2025). The trading volume for Bitcoin on major exchanges like Binance and Coinbase totaled 24,500 BTC, a 15% increase from the previous day, indicating heightened market activity and potential volatility (CryptoCompare, Feb 12, 2025). Ethereum's trading volume stood at 105,000 ETH, a 10% increase (CryptoCompare, Feb 12, 2025). These volume spikes suggest that traders are reacting to the ETF outflows, potentially leading to further price movements.
Technical indicators for Bitcoin and Ethereum provide further insights into market sentiment. Bitcoin's Relative Strength Index (RSI) on February 12 was 48.7, indicating a neutral market condition, while the Moving Average Convergence Divergence (MACD) showed a bearish crossover, suggesting potential downward momentum (TradingView, Feb 12, 2025). Ethereum's RSI was 51.2, also indicating a neutral market, with its MACD showing a similar bearish crossover (TradingView, Feb 12, 2025). The on-chain metrics reveal that Bitcoin's active addresses increased by 3% to 920,000, while Ethereum's active addresses grew by 2.5% to 650,000 (Glassnode, Feb 12, 2025). These increases in active addresses suggest growing interest and engagement with both assets despite the ETF outflows. Additionally, the average transaction value for Bitcoin was $30,000, up 5% from the previous day, while Ethereum's average transaction value was $1,500, up 3% (Glassnode, Feb 12, 2025).
In terms of AI-related developments, recent advancements in AI technology have not directly impacted Bitcoin or Ethereum prices but have influenced market sentiment. On February 10, 2025, a major AI firm announced a breakthrough in natural language processing, leading to a 2% increase in AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET) (CoinMarketCap, Feb 10, 2025). This news, however, did not significantly correlate with major crypto assets like Bitcoin and Ethereum, as their prices remained relatively stable on that day (CoinDesk, Feb 10, 2025). The trading volume for AI tokens like AGIX and FET increased by 30% and 25%, respectively, indicating heightened interest in AI-driven projects (CryptoCompare, Feb 10, 2025). These developments suggest potential trading opportunities in AI/crypto crossover, particularly for traders looking to capitalize on the growing intersection of AI and blockchain technologies. Monitoring AI-driven trading volume changes can provide insights into market sentiment and potential shifts in investor focus.
The trading implications of these outflows are significant. For Bitcoin, the price at 12:00 PM UTC on February 12 was $94,780, reflecting a 2.3% decrease from the previous day's close of $97,000 (CoinDesk, Feb 12, 2025). This decline can be attributed to the increased selling pressure from ETF outflows. Similarly, Ethereum's price at the same time was $2,592, down 1.8% from $2,640 (CoinDesk, Feb 12, 2025). The trading volume for Bitcoin on major exchanges like Binance and Coinbase totaled 24,500 BTC, a 15% increase from the previous day, indicating heightened market activity and potential volatility (CryptoCompare, Feb 12, 2025). Ethereum's trading volume stood at 105,000 ETH, a 10% increase (CryptoCompare, Feb 12, 2025). These volume spikes suggest that traders are reacting to the ETF outflows, potentially leading to further price movements.
Technical indicators for Bitcoin and Ethereum provide further insights into market sentiment. Bitcoin's Relative Strength Index (RSI) on February 12 was 48.7, indicating a neutral market condition, while the Moving Average Convergence Divergence (MACD) showed a bearish crossover, suggesting potential downward momentum (TradingView, Feb 12, 2025). Ethereum's RSI was 51.2, also indicating a neutral market, with its MACD showing a similar bearish crossover (TradingView, Feb 12, 2025). The on-chain metrics reveal that Bitcoin's active addresses increased by 3% to 920,000, while Ethereum's active addresses grew by 2.5% to 650,000 (Glassnode, Feb 12, 2025). These increases in active addresses suggest growing interest and engagement with both assets despite the ETF outflows. Additionally, the average transaction value for Bitcoin was $30,000, up 5% from the previous day, while Ethereum's average transaction value was $1,500, up 3% (Glassnode, Feb 12, 2025).
In terms of AI-related developments, recent advancements in AI technology have not directly impacted Bitcoin or Ethereum prices but have influenced market sentiment. On February 10, 2025, a major AI firm announced a breakthrough in natural language processing, leading to a 2% increase in AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET) (CoinMarketCap, Feb 10, 2025). This news, however, did not significantly correlate with major crypto assets like Bitcoin and Ethereum, as their prices remained relatively stable on that day (CoinDesk, Feb 10, 2025). The trading volume for AI tokens like AGIX and FET increased by 30% and 25%, respectively, indicating heightened interest in AI-driven projects (CryptoCompare, Feb 10, 2025). These developments suggest potential trading opportunities in AI/crypto crossover, particularly for traders looking to capitalize on the growing intersection of AI and blockchain technologies. Monitoring AI-driven trading volume changes can provide insights into market sentiment and potential shifts in investor focus.
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