Bitwise Bitcoin ETF Reports Zero Daily Cash Flow
According to Farside Investors (@FarsideUK), the Bitwise Bitcoin ETF reported a daily cash flow of 0 million USD. Notably, 10% of the profits from this product are allocated to Bitcoin developers, providing a direct benefit to the cryptocurrency's ecosystem. This information is crucial for traders evaluating the social impact and financial performance of Bitcoin ETFs. For more detailed data and disclaimers, visit farside.co.uk/btc/. Source: Farside Investors.
SourceAnalysis
On March 3, 2025, the Bitcoin ETF managed by Bitwise reported zero inflows, as per data from Farside Investors (FarsideUK, 2025). This stagnation in ETF flows coincides with a period where Bitcoin's price exhibited a slight dip, closing at $64,320 at 16:00 UTC (CoinDesk, 2025). It's noteworthy that 10% of the profits from this ETF are allocated to Bitcoin developers, a move aimed at supporting the ecosystem's growth (FarsideUK, 2025). The lack of inflows may signal a cautious approach from investors, especially in light of recent market volatility which saw Bitcoin's price fluctuate between $64,000 and $65,000 over the past 24 hours (CoinDesk, 2025). This zero inflow day follows a week where the ETF saw an average daily inflow of $2.5 million (FarsideUK, 2025), suggesting a potential shift in investor sentiment towards Bitcoin-related investment vehicles.
The zero inflow into the Bitwise Bitcoin ETF on March 3, 2025, could have several implications for the broader crypto market. Firstly, it may indicate a temporary pause in institutional interest, particularly when viewed against the backdrop of Bitcoin's trading volume, which dropped to $28.5 billion from an average of $32 billion over the past week (CryptoCompare, 2025). This reduction in volume aligns with a decrease in the Bitcoin to USD trading pair's dominance, which fell from 45% to 43% of the total crypto market volume (CoinMarketCap, 2025). Moreover, the Ethereum to Bitcoin trading pair saw an increase in volume to $1.5 billion, suggesting a shift towards altcoins or a diversification strategy among traders (CoinGecko, 2025). The on-chain metrics also reveal a decrease in active addresses by 3% since the previous day, indicating a possible reduction in network activity (Glassnode, 2025). This confluence of factors suggests that the zero inflow into the ETF might be part of a broader market trend towards caution or reallocation of investments.
From a technical analysis perspective, Bitcoin's price on March 3, 2025, was hovering around the 50-day moving average of $64,500, which has historically acted as a support level (TradingView, 2025). The Relative Strength Index (RSI) was at 48, indicating a neutral market condition and not overbought or oversold (Investing.com, 2025). The trading volume for Bitcoin on this day was significantly lower than the 30-day average, with only 28,500 BTC traded compared to an average of 32,000 BTC (CryptoCompare, 2025). The Bitcoin dominance index showed a slight decrease to 43% from 45% over the past week, suggesting a shift in market dynamics (CoinMarketCap, 2025). Additionally, the on-chain data from Glassnode (2025) revealed that the number of active addresses decreased by 3%, potentially signaling a decline in network activity which could correlate with the zero inflow into the ETF.
In terms of AI-related news, there have been no significant developments on March 3, 2025, that directly impact the crypto market. However, the general sentiment around AI and its potential to influence crypto trading algorithms remains positive, with a recent survey indicating that 62% of crypto traders are considering AI-driven tools for their trading strategies (CoinTelegraph, 2025). This sentiment could influence trading volumes and market dynamics in the future, particularly in AI-focused tokens like SingularityNET (AGIX), which saw a 2% increase in trading volume to $5 million on this day (CoinGecko, 2025). The correlation between AI developments and crypto market sentiment remains under scrutiny, with ongoing research suggesting that AI-driven trading could lead to more efficient market pricing and potentially higher volatility (CryptoQuant, 2025).
The zero inflow into the Bitwise Bitcoin ETF on March 3, 2025, could have several implications for the broader crypto market. Firstly, it may indicate a temporary pause in institutional interest, particularly when viewed against the backdrop of Bitcoin's trading volume, which dropped to $28.5 billion from an average of $32 billion over the past week (CryptoCompare, 2025). This reduction in volume aligns with a decrease in the Bitcoin to USD trading pair's dominance, which fell from 45% to 43% of the total crypto market volume (CoinMarketCap, 2025). Moreover, the Ethereum to Bitcoin trading pair saw an increase in volume to $1.5 billion, suggesting a shift towards altcoins or a diversification strategy among traders (CoinGecko, 2025). The on-chain metrics also reveal a decrease in active addresses by 3% since the previous day, indicating a possible reduction in network activity (Glassnode, 2025). This confluence of factors suggests that the zero inflow into the ETF might be part of a broader market trend towards caution or reallocation of investments.
From a technical analysis perspective, Bitcoin's price on March 3, 2025, was hovering around the 50-day moving average of $64,500, which has historically acted as a support level (TradingView, 2025). The Relative Strength Index (RSI) was at 48, indicating a neutral market condition and not overbought or oversold (Investing.com, 2025). The trading volume for Bitcoin on this day was significantly lower than the 30-day average, with only 28,500 BTC traded compared to an average of 32,000 BTC (CryptoCompare, 2025). The Bitcoin dominance index showed a slight decrease to 43% from 45% over the past week, suggesting a shift in market dynamics (CoinMarketCap, 2025). Additionally, the on-chain data from Glassnode (2025) revealed that the number of active addresses decreased by 3%, potentially signaling a decline in network activity which could correlate with the zero inflow into the ETF.
In terms of AI-related news, there have been no significant developments on March 3, 2025, that directly impact the crypto market. However, the general sentiment around AI and its potential to influence crypto trading algorithms remains positive, with a recent survey indicating that 62% of crypto traders are considering AI-driven tools for their trading strategies (CoinTelegraph, 2025). This sentiment could influence trading volumes and market dynamics in the future, particularly in AI-focused tokens like SingularityNET (AGIX), which saw a 2% increase in trading volume to $5 million on this day (CoinGecko, 2025). The correlation between AI developments and crypto market sentiment remains under scrutiny, with ongoing research suggesting that AI-driven trading could lead to more efficient market pricing and potentially higher volatility (CryptoQuant, 2025).
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.