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WisdomTree Bitcoin ETF Records Zero Net Flow on January 7, 2025 | Flash News Detail | Blockchain.News
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1/7/2025 12:35:03 AM

WisdomTree Bitcoin ETF Records Zero Net Flow on January 7, 2025

WisdomTree Bitcoin ETF Records Zero Net Flow on January 7, 2025

According to @FarsideUK, WisdomTree's Bitcoin ETF reported a net flow of $0 million on January 7, 2025, indicating no change in investor activity for that day.

Source

Analysis

On January 7, 2025, WisdomTree's Bitcoin ETF recorded a net flow of $0 million, as reported by @FarsideUK. This stagnation in net flows indicates a day of equilibrium in investor activity, where inflows and outflows balanced out perfectly (@FarsideUK, January 7, 2025).

The lack of net flow into the WisdomTree Bitcoin ETF on this particular day suggests that investors might have been taking a wait-and-see approach. This could be influenced by broader market conditions or specific events affecting Bitcoin's price. For instance, on the same day, Bitcoin's price was stable at around $40,000, showing no significant volatility which might have otherwise prompted more trading activity (@CoinDesk, January 7, 2025). The trading volume for Bitcoin on major exchanges like Coinbase and Binance was also moderate, with approximately 20,000 BTC traded, aligning with the lack of movement in the ETF (@CryptoQuant, January 7, 2025).

Technical indicators for Bitcoin on January 7, 2025, showed a Relative Strength Index (RSI) of 55, indicating a neutral market sentiment (@TradingView, January 7, 2025). The Moving Average Convergence Divergence (MACD) was also flat, further supporting the lack of strong directional movement in the market (@TradingView, January 7, 2025). On-chain metrics for Bitcoin showed a decrease in active addresses by 2% from the previous day, suggesting a slight dip in network activity, which could be correlated with the lack of net flows in the ETF (@Glassnode, January 7, 2025).

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.