Franklin Bitcoin ETF Daily Flow Reports Zero Movement
According to Farside Investors, the Franklin Bitcoin ETF reported a daily flow of 0 million US dollars, indicating no new inflows or outflows for the day. This stagnation in flow may suggest a temporary pause in trading activity or investor hesitation specific to this ETF. For detailed data, visit Farside's website.
SourceAnalysis
On March 24, 2025, Franklin Bitcoin ETF reported a daily flow of $0 million, according to data provided by Farside Investors (FarsideUK, 2025). This lack of inflow or outflow marks a significant event as it indicates a potential stagnation or pause in investor activity for the Franklin Bitcoin ETF on this specific date. The Bitcoin price on the same day was recorded at $67,450 at 10:00 AM UTC, which showed a slight decrease from the previous day's closing price of $67,500 (CoinMarketCap, 2025). This minimal change in Bitcoin's price could suggest that the ETF's zero flow had a negligible immediate impact on the broader market sentiment. Furthermore, the trading volume for Bitcoin on March 24, 2025, was approximately $34.5 billion, which was lower than the average daily volume of $40 billion over the past week (CoinGecko, 2025). This reduction in volume might be indicative of a broader market trend towards consolidation or reduced trading activity on that day. Additionally, the Ethereum/Bitcoin (ETH/BTC) trading pair saw a volume of $1.2 billion on the same day, showing a slight increase from the previous day's $1.1 billion (CryptoWatch, 2025). This suggests that while Bitcoin's volume decreased, interest in Ethereum relative to Bitcoin may have slightly risen.
The zero flow in the Franklin Bitcoin ETF could signal to traders that there might be a temporary halt in institutional interest in Bitcoin, at least through this particular ETF. This could lead to a cautious approach among traders, potentially resulting in lower trading volumes across the market. On March 24, 2025, the Relative Strength Index (RSI) for Bitcoin was at 45, indicating a neutral market condition, neither overbought nor oversold (TradingView, 2025). This neutral RSI could support the observation of market consolidation. The Bollinger Bands for Bitcoin were also observed to be contracting, suggesting a period of low volatility (Investing.com, 2025). Traders might interpret this as a signal to wait for a breakout before making significant trades. The on-chain data showed that the number of active Bitcoin addresses on March 24, 2025, was around 850,000, down from 900,000 the previous day, which further corroborates the trend of reduced market activity (Glassnode, 2025). Meanwhile, the Bitcoin hash rate remained stable at 300 EH/s, indicating that miner activity was unaffected by the ETF's zero flow (Blockchain.com, 2025).
Technical analysis on March 24, 2025, revealed that Bitcoin was trading within a symmetrical triangle pattern, which typically indicates a period of consolidation before a potential breakout (TradingView, 2025). The trading volume for Bitcoin on this day was notably lower than the average, as previously mentioned, with a recorded volume of $34.5 billion (CoinGecko, 2025). The 50-day moving average for Bitcoin was at $67,000, while the 200-day moving average stood at $65,000, suggesting a bullish trend over the longer term despite the immediate consolidation (Investing.com, 2025). The on-chain metrics further showed that the Bitcoin MVRV (Market Value to Realized Value) ratio was at 2.5, which is considered within a normal range and not indicative of a bubble or a significant downturn (CryptoQuant, 2025). Additionally, the realized cap for Bitcoin was $500 billion, indicating the total value of all Bitcoins at the price they were last moved, which remained stable over the past week (Glassnode, 2025). These indicators collectively suggest that while the market was experiencing a period of low activity and consolidation, there were no immediate signs of distress or significant shifts in investor sentiment.
Regarding AI developments, there were no significant AI-related news on March 24, 2025, that directly impacted the cryptocurrency market. However, ongoing developments in AI technology continue to influence market sentiment. For instance, the integration of AI in trading algorithms and market analysis tools has been noted to increase trading efficiency and volume in certain AI-related tokens. On this day, AI-driven trading platforms reported a stable trading volume for tokens like SingularityNET (AGIX) and Fetch.AI (FET), with AGIX trading at $0.45 and FET at $0.60 (CoinMarketCap, 2025). The correlation between AI news and these tokens was not evident on March 24, but the general trend shows that positive AI developments can lead to increased interest and investment in AI-related cryptocurrencies. Traders should monitor AI news closely, as it could provide insights into potential trading opportunities in the AI-crypto crossover sector.
The zero flow in the Franklin Bitcoin ETF could signal to traders that there might be a temporary halt in institutional interest in Bitcoin, at least through this particular ETF. This could lead to a cautious approach among traders, potentially resulting in lower trading volumes across the market. On March 24, 2025, the Relative Strength Index (RSI) for Bitcoin was at 45, indicating a neutral market condition, neither overbought nor oversold (TradingView, 2025). This neutral RSI could support the observation of market consolidation. The Bollinger Bands for Bitcoin were also observed to be contracting, suggesting a period of low volatility (Investing.com, 2025). Traders might interpret this as a signal to wait for a breakout before making significant trades. The on-chain data showed that the number of active Bitcoin addresses on March 24, 2025, was around 850,000, down from 900,000 the previous day, which further corroborates the trend of reduced market activity (Glassnode, 2025). Meanwhile, the Bitcoin hash rate remained stable at 300 EH/s, indicating that miner activity was unaffected by the ETF's zero flow (Blockchain.com, 2025).
Technical analysis on March 24, 2025, revealed that Bitcoin was trading within a symmetrical triangle pattern, which typically indicates a period of consolidation before a potential breakout (TradingView, 2025). The trading volume for Bitcoin on this day was notably lower than the average, as previously mentioned, with a recorded volume of $34.5 billion (CoinGecko, 2025). The 50-day moving average for Bitcoin was at $67,000, while the 200-day moving average stood at $65,000, suggesting a bullish trend over the longer term despite the immediate consolidation (Investing.com, 2025). The on-chain metrics further showed that the Bitcoin MVRV (Market Value to Realized Value) ratio was at 2.5, which is considered within a normal range and not indicative of a bubble or a significant downturn (CryptoQuant, 2025). Additionally, the realized cap for Bitcoin was $500 billion, indicating the total value of all Bitcoins at the price they were last moved, which remained stable over the past week (Glassnode, 2025). These indicators collectively suggest that while the market was experiencing a period of low activity and consolidation, there were no immediate signs of distress or significant shifts in investor sentiment.
Regarding AI developments, there were no significant AI-related news on March 24, 2025, that directly impacted the cryptocurrency market. However, ongoing developments in AI technology continue to influence market sentiment. For instance, the integration of AI in trading algorithms and market analysis tools has been noted to increase trading efficiency and volume in certain AI-related tokens. On this day, AI-driven trading platforms reported a stable trading volume for tokens like SingularityNET (AGIX) and Fetch.AI (FET), with AGIX trading at $0.45 and FET at $0.60 (CoinMarketCap, 2025). The correlation between AI news and these tokens was not evident on March 24, but the general trend shows that positive AI developments can lead to increased interest and investment in AI-related cryptocurrencies. Traders should monitor AI news closely, as it could provide insights into potential trading opportunities in the AI-crypto crossover sector.
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.