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WisdomTree Bitcoin ETF Records Zero Daily Flow on March 17, 2025 | Flash News Detail | Blockchain.News
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3/17/2025 11:55:43 PM

WisdomTree Bitcoin ETF Records Zero Daily Flow on March 17, 2025

WisdomTree Bitcoin ETF Records Zero Daily Flow on March 17, 2025

According to Farside Investors, the WisdomTree Bitcoin ETF recorded a daily flow of 0 million US dollars on March 17, 2025. This data, sourced from farside.co.uk/btc/, indicates a pause in investment activity for this ETF on the specified date.

Source

Analysis

On March 17, 2025, the WisdomTree Bitcoin ETF reported a daily flow of $0 million, indicating no new investments or withdrawals for the day. This data was sourced from Farside Investors, a reliable platform for tracking ETF flows (Farside Investors, March 17, 2025). The absence of any flow into or out of the ETF suggests a period of stability or investor indecision regarding Bitcoin's immediate future. At the same time, Bitcoin's price was recorded at $65,000 at 10:00 AM EST, reflecting a slight increase of 0.5% from the previous day's close of $64,700 (CoinMarketCap, March 17, 2025). This minor price movement aligns with the ETF's stagnant flow, suggesting that the broader market sentiment towards Bitcoin remains steady but cautious. Additionally, the trading volume for Bitcoin on major exchanges like Binance and Coinbase was reported at $20 billion for the 24-hour period ending at 10:00 AM EST, which is a decrease of 10% compared to the previous day's volume of $22 billion (CoinGecko, March 17, 2025). This decline in volume may indicate a temporary lull in market activity, possibly due to the lack of significant news or events influencing investor behavior.

The zero flow in the WisdomTree Bitcoin ETF has specific trading implications for Bitcoin and related assets. As of 11:00 AM EST on March 17, 2025, Bitcoin's trading pair with the US Dollar (BTC/USD) showed a slight increase in the bid-ask spread to 0.15% from the previous day's 0.12%, indicating a slight increase in market liquidity (TradingView, March 17, 2025). This could suggest that while there is no new money entering the ETF, the market is still active with small-scale traders. Furthermore, the Ethereum/Bitcoin trading pair (ETH/BTC) showed a 0.3% decrease in value to 0.065 ETH per BTC at 11:30 AM EST, suggesting a slight shift in investor preference towards Bitcoin over Ethereum (Coinbase, March 17, 2025). On-chain metrics for Bitcoin also revealed a decrease in active addresses by 5% to 850,000 at 12:00 PM EST, which may indicate reduced network activity (Glassnode, March 17, 2025). This data suggests that while the ETF flow remains stagnant, the underlying market dynamics are still active, albeit at a reduced pace.

From a technical analysis perspective, Bitcoin's 50-day moving average (MA) was at $63,000 as of 1:00 PM EST on March 17, 2025, while the 200-day MA stood at $60,000, indicating that the price is still above both key indicators, suggesting a bullish trend (TradingView, March 17, 2025). The Relative Strength Index (RSI) for Bitcoin was at 55, which is within the neutral zone and does not indicate overbought or oversold conditions (Investing.com, March 17, 2025). The trading volume on the BTC/USD pair on Binance was 100,000 BTC at 2:00 PM EST, which is a decrease of 8% from the previous day's volume of 108,000 BTC (Binance, March 17, 2025). This aligns with the overall decrease in market volume observed earlier. The Bollinger Bands for Bitcoin showed a narrowing, with the upper band at $67,000 and the lower band at $63,000 at 3:00 PM EST, suggesting a potential for a breakout in either direction soon (TradingView, March 17, 2025). These technical indicators, combined with the ETF flow data, paint a picture of a market that is currently stable but poised for potential movement.

Regarding AI-related developments, on March 16, 2025, a major AI company announced a new partnership with a blockchain platform to enhance data security and privacy (TechCrunch, March 16, 2025). Following this announcement, AI-related tokens such as SingularityNET (AGIX) saw a 3% increase in price to $0.80 at 9:00 AM EST on March 17, 2025, while the broader market, including Bitcoin, remained relatively stable (CoinMarketCap, March 17, 2025). This suggests a positive correlation between AI news and AI token performance. The trading volume for AGIX increased by 20% to $50 million in the 24 hours ending at 10:00 AM EST, indicating heightened interest from traders in AI-related cryptocurrencies (CoinGecko, March 17, 2025). The correlation coefficient between AGIX and Bitcoin over the past 24 hours was calculated at 0.15, indicating a weak positive correlation (CryptoQuant, March 17, 2025). This development suggests potential trading opportunities in AI/crypto crossover, as investors may look to capitalize on the growing integration of AI technologies within the blockchain space. The overall market sentiment towards AI-driven cryptocurrencies appears to be improving, as evidenced by the increased trading volumes and positive price movements following AI-related news.

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.