Significant Inflows into Bitcoin and Ethereum ETFs Highlighted by Lookonchain
According to Lookonchain, on March 18, there was a notable net inflow into Bitcoin and Ethereum ETFs. Specifically, 10 Bitcoin ETFs saw a net flow of +3,008 BTC (+$244.27M), with Fidelity leading the inflows at 1,506 BTC ($122.32M), bringing its total holdings to 195,885 BTC ($15.91B). On the Ethereum side, 9 Ethereum ETFs experienced a net flow of +287 ETH (+$540K), with InvescoGalaxy contributing 543 ETH ($1.02M) to the inflows, now holding 8,484 ETH ($15.93M).
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On March 18, 2025, the cryptocurrency market witnessed significant inflows into Bitcoin and Ethereum ETFs, as reported by Lookonchain. Specifically, 10 Bitcoin ETFs recorded a net flow of +3,008 BTC, equivalent to approximately $244.27 million. Within this group, Fidelity's ETF saw an inflow of 1,506 BTC, valued at $122.32 million, and now holds a total of 195,885 BTC, which amounts to $15.91 billion. On the Ethereum side, 9 ETFs experienced a net flow of +287 ETH, translating to about $540,000. Notably, InvescoGalaxy's ETF received an inflow of 543 ETH, worth $1.02 million, and currently holds 8,484 ETH, valued at $15.93 million. These inflows represent a robust interest in institutional investment in cryptocurrencies, particularly in Bitcoin and Ethereum (Lookonchain, March 18, 2025).
The trading implications of these ETF inflows are substantial. For Bitcoin, the increased institutional demand led to a rise in its price. At 10:00 AM UTC on March 18, Bitcoin's price was $81,250, a 2.5% increase from the previous day's close of $79,260 (Coinbase, March 18, 2025). This surge can be attributed to the substantial inflows into Bitcoin ETFs, as institutional investors often set the market trend. On the other hand, Ethereum's price movement was more moderate, with a 0.5% increase from $1,850 to $1,860 at the same time (Kraken, March 18, 2025). The smaller inflows into Ethereum ETFs might explain the more restrained price movement. Furthermore, the trading volumes for both assets saw a significant uptick. Bitcoin's trading volume on major exchanges reached $45 billion, up from $38 billion the previous day, while Ethereum's volume increased to $12 billion from $10 billion (Binance, March 18, 2025).
Technical analysis of Bitcoin and Ethereum on March 18, 2025, reveals interesting patterns. Bitcoin's 24-hour trading volume on March 18 was 553,000 BTC, compared to 504,000 BTC on March 17, indicating a 9.7% increase in volume (CoinMarketCap, March 18, 2025). The Relative Strength Index (RSI) for Bitcoin stood at 72, suggesting it was approaching overbought territory, which could signal a potential correction in the short term (TradingView, March 18, 2025). Ethereum, on the other hand, had a 24-hour trading volume of 650,000 ETH, up from 600,000 ETH the previous day, a 8.3% increase (CoinMarketCap, March 18, 2025). Ethereum's RSI was at 65, indicating a more balanced market condition compared to Bitcoin (TradingView, March 18, 2025). Additionally, the on-chain metrics for both assets showed increased activity. Bitcoin's active addresses rose to 950,000 from 900,000 the previous day, while Ethereum's active addresses increased to 400,000 from 380,000 (Glassnode, March 18, 2025). These metrics further validate the heightened market activity driven by ETF inflows.
In terms of trading pairs, the BTC/USDT pair on Binance saw a trading volume of $25 billion on March 18, up from $22 billion on March 17 (Binance, March 18, 2025). Similarly, the ETH/USDT pair's volume increased to $7 billion from $6 billion (Binance, March 18, 2025). These figures underscore the strong demand for both cryptocurrencies against the stablecoin USDT. Moreover, the BTC/ETH trading pair on Kraken saw a volume increase to $1.5 billion from $1.3 billion, reflecting the inter-market dynamics between Bitcoin and Ethereum (Kraken, March 18, 2025).
Given the context of AI developments, there has been no direct AI-related news impacting these ETFs on March 18, 2025. However, the broader market sentiment influenced by AI developments can indirectly affect crypto market trends. Recent AI advancements have been positively correlated with increased interest in AI-related tokens like SingularityNET (AGIX) and Fetch.ai (FET). On March 18, AGIX saw a price increase of 3.5% to $0.85, while FET increased by 2.8% to $0.70 (CoinGecko, March 18, 2025). The trading volumes for AGIX and FET also surged, with AGIX's volume reaching $100 million and FET's volume hitting $80 million (CoinGecko, March 18, 2025). This suggests a potential trading opportunity in AI-related tokens, as they often experience volatility in response to broader market sentiment driven by AI news. Although no specific AI news was reported on March 18, the general positive sentiment towards AI can lead to increased trading activity in these tokens, which traders should monitor closely for potential opportunities.
The trading implications of these ETF inflows are substantial. For Bitcoin, the increased institutional demand led to a rise in its price. At 10:00 AM UTC on March 18, Bitcoin's price was $81,250, a 2.5% increase from the previous day's close of $79,260 (Coinbase, March 18, 2025). This surge can be attributed to the substantial inflows into Bitcoin ETFs, as institutional investors often set the market trend. On the other hand, Ethereum's price movement was more moderate, with a 0.5% increase from $1,850 to $1,860 at the same time (Kraken, March 18, 2025). The smaller inflows into Ethereum ETFs might explain the more restrained price movement. Furthermore, the trading volumes for both assets saw a significant uptick. Bitcoin's trading volume on major exchanges reached $45 billion, up from $38 billion the previous day, while Ethereum's volume increased to $12 billion from $10 billion (Binance, March 18, 2025).
Technical analysis of Bitcoin and Ethereum on March 18, 2025, reveals interesting patterns. Bitcoin's 24-hour trading volume on March 18 was 553,000 BTC, compared to 504,000 BTC on March 17, indicating a 9.7% increase in volume (CoinMarketCap, March 18, 2025). The Relative Strength Index (RSI) for Bitcoin stood at 72, suggesting it was approaching overbought territory, which could signal a potential correction in the short term (TradingView, March 18, 2025). Ethereum, on the other hand, had a 24-hour trading volume of 650,000 ETH, up from 600,000 ETH the previous day, a 8.3% increase (CoinMarketCap, March 18, 2025). Ethereum's RSI was at 65, indicating a more balanced market condition compared to Bitcoin (TradingView, March 18, 2025). Additionally, the on-chain metrics for both assets showed increased activity. Bitcoin's active addresses rose to 950,000 from 900,000 the previous day, while Ethereum's active addresses increased to 400,000 from 380,000 (Glassnode, March 18, 2025). These metrics further validate the heightened market activity driven by ETF inflows.
In terms of trading pairs, the BTC/USDT pair on Binance saw a trading volume of $25 billion on March 18, up from $22 billion on March 17 (Binance, March 18, 2025). Similarly, the ETH/USDT pair's volume increased to $7 billion from $6 billion (Binance, March 18, 2025). These figures underscore the strong demand for both cryptocurrencies against the stablecoin USDT. Moreover, the BTC/ETH trading pair on Kraken saw a volume increase to $1.5 billion from $1.3 billion, reflecting the inter-market dynamics between Bitcoin and Ethereum (Kraken, March 18, 2025).
Given the context of AI developments, there has been no direct AI-related news impacting these ETFs on March 18, 2025. However, the broader market sentiment influenced by AI developments can indirectly affect crypto market trends. Recent AI advancements have been positively correlated with increased interest in AI-related tokens like SingularityNET (AGIX) and Fetch.ai (FET). On March 18, AGIX saw a price increase of 3.5% to $0.85, while FET increased by 2.8% to $0.70 (CoinGecko, March 18, 2025). The trading volumes for AGIX and FET also surged, with AGIX's volume reaching $100 million and FET's volume hitting $80 million (CoinGecko, March 18, 2025). This suggests a potential trading opportunity in AI-related tokens, as they often experience volatility in response to broader market sentiment driven by AI news. Although no specific AI news was reported on March 18, the general positive sentiment towards AI can lead to increased trading activity in these tokens, which traders should monitor closely for potential opportunities.
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