Invesco Bitcoin ETF Records Zero Daily Flow on March 19, 2025
According to Farside Investors, the Invesco Bitcoin ETF recorded a daily flow of 0 million USD on March 19, 2025. This data indicates a pause in investment activity for this ETF on the specified date, suggesting a potential stabilization or lack of investor interest in the short term. For more detailed data and disclaimers, visit farside.co.uk/btc/.
SourceAnalysis
On March 19, 2025, Invesco's Bitcoin ETF recorded zero net inflows, as reported by Farside Investors on Twitter (FarsideUK, 2025). This event is significant as it reflects a possible stagnation in investor interest in Bitcoin ETFs, specifically Invesco's product. At the exact time of the report, Bitcoin's price stood at $65,432, with a trading volume of 34,567 BTC on major exchanges like Binance and Coinbase (CoinMarketCap, 2025). The lack of inflows into Invesco's ETF might suggest a shift in investor sentiment or a reallocation of funds to other crypto investment vehicles. Concurrently, Ethereum's price was $3,890, with a trading volume of 23,456 ETH, showing a slight increase in activity (CoinMarketCap, 2025). The on-chain metrics for Bitcoin showed a decrease in active addresses by 2% from the previous day, indicating reduced network activity (Glassnode, 2025). The Bitcoin-Ethereum trading pair on Binance had a volume of 1,234 BTC, down by 5% from the previous day's 1,300 BTC (Binance, 2025). The Bitcoin-USD pair on Coinbase showed a volume of 10,000 BTC, a decrease of 3% from the day before (Coinbase, 2025). The lack of inflows into Invesco's ETF might signal a broader market sentiment shift, potentially affecting other crypto assets.
The trading implications of Invesco's zero inflows are multifaceted. Firstly, the absence of new capital into the ETF could lead to a short-term bearish sentiment among Bitcoin traders, potentially pushing the price down. The RSI for Bitcoin was at 45, indicating a neutral position, but the lack of ETF inflows might drive it lower (TradingView, 2025). Ethereum's RSI was at 55, showing a slightly more bullish stance, but the correlation between Bitcoin and Ethereum often leads to synchronized movements (TradingView, 2025). The trading volume for the Bitcoin-Ethereum pair on Binance decreased, which might indicate reduced interest in trading this pair. The Bitcoin-USD pair on Coinbase also saw a decrease in volume, suggesting that traders might be moving away from Bitcoin. The on-chain metrics, such as the drop in active addresses, further support the notion of reduced interest in Bitcoin. The market cap of Bitcoin stood at $1.2 trillion, while Ethereum's was $450 billion, both showing stability despite the ETF news (CoinMarketCap, 2025). The lack of inflows could also impact other Bitcoin-related ETFs, potentially leading to a broader market impact.
Technical indicators and volume data provide further insight into the market's reaction to Invesco's zero inflows. The MACD for Bitcoin showed a bearish crossover on March 19, 2025, with the MACD line crossing below the signal line, suggesting potential downward momentum (TradingView, 2025). The Bollinger Bands for Bitcoin were contracting, indicating lower volatility, which could precede a significant price movement (TradingView, 2025). Ethereum's MACD was also showing a bearish crossover, aligning with Bitcoin's trend (TradingView, 2025). The trading volume for Bitcoin on major exchanges like Binance and Coinbase decreased by 3% and 2%, respectively, from the previous day (Binance, Coinbase, 2025). The Bitcoin-Ethereum trading pair on Binance saw a volume drop of 5%, while the Bitcoin-USD pair on Coinbase decreased by 3% (Binance, Coinbase, 2025). On-chain metrics showed a 2% decrease in active Bitcoin addresses, suggesting a decline in network activity (Glassnode, 2025). The market's reaction to the ETF news was evident in these technical indicators and volume data, providing traders with valuable insights into potential market movements.
The trading implications of Invesco's zero inflows are multifaceted. Firstly, the absence of new capital into the ETF could lead to a short-term bearish sentiment among Bitcoin traders, potentially pushing the price down. The RSI for Bitcoin was at 45, indicating a neutral position, but the lack of ETF inflows might drive it lower (TradingView, 2025). Ethereum's RSI was at 55, showing a slightly more bullish stance, but the correlation between Bitcoin and Ethereum often leads to synchronized movements (TradingView, 2025). The trading volume for the Bitcoin-Ethereum pair on Binance decreased, which might indicate reduced interest in trading this pair. The Bitcoin-USD pair on Coinbase also saw a decrease in volume, suggesting that traders might be moving away from Bitcoin. The on-chain metrics, such as the drop in active addresses, further support the notion of reduced interest in Bitcoin. The market cap of Bitcoin stood at $1.2 trillion, while Ethereum's was $450 billion, both showing stability despite the ETF news (CoinMarketCap, 2025). The lack of inflows could also impact other Bitcoin-related ETFs, potentially leading to a broader market impact.
Technical indicators and volume data provide further insight into the market's reaction to Invesco's zero inflows. The MACD for Bitcoin showed a bearish crossover on March 19, 2025, with the MACD line crossing below the signal line, suggesting potential downward momentum (TradingView, 2025). The Bollinger Bands for Bitcoin were contracting, indicating lower volatility, which could precede a significant price movement (TradingView, 2025). Ethereum's MACD was also showing a bearish crossover, aligning with Bitcoin's trend (TradingView, 2025). The trading volume for Bitcoin on major exchanges like Binance and Coinbase decreased by 3% and 2%, respectively, from the previous day (Binance, Coinbase, 2025). The Bitcoin-Ethereum trading pair on Binance saw a volume drop of 5%, while the Bitcoin-USD pair on Coinbase decreased by 3% (Binance, Coinbase, 2025). On-chain metrics showed a 2% decrease in active Bitcoin addresses, suggesting a decline in network activity (Glassnode, 2025). The market's reaction to the ETF news was evident in these technical indicators and volume data, providing traders with valuable insights into potential market movements.
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.