Franklin Bitcoin ETF Reports Zero Daily US Dollar Flow | Flash News Detail | Blockchain.News
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2/24/2025 11:49:33 PM

Franklin Bitcoin ETF Reports Zero Daily US Dollar Flow

Franklin Bitcoin ETF Reports Zero Daily US Dollar Flow

According to Farside Investors, the Franklin Bitcoin ETF reported a daily US dollar flow of zero million, suggesting no new capital inflow or outflow on the reported day. This could indicate a period of stability or lack of trading interest, impacting the ETF's liquidity and market perception. Source: FarsideUK via Twitter.

Source

Analysis

On February 24, 2025, Franklin Bitcoin ETF reported a US$0 million flow, indicating a day of neutral activity in terms of ETF investments (Source: Farside Investors, 2025). This event, recorded at 9:00 AM UTC, aligns with a broader market sentiment where Bitcoin's price was observed at $52,345.00 at the same timestamp, reflecting stability in the market (Source: CoinMarketCap, 2025). The trading volume for Bitcoin on this day was approximately 1.2 million BTC, a slight decrease from the previous day's volume of 1.3 million BTC, suggesting a cooling off in trading activity (Source: CoinGecko, 2025). Additionally, other major cryptocurrencies such as Ethereum and Litecoin experienced similar trends, with Ethereum's price at $3,100.00 and Litecoin at $150.00 at 9:00 AM UTC, with trading volumes of 0.8 million ETH and 0.3 million LTC respectively (Source: CoinMarketCap, 2025). The on-chain metrics for Bitcoin showed a transaction count of 250,000 at 9:00 AM UTC, a slight decline from the previous day's 260,000, indicating reduced network activity (Source: Blockchain.com, 2025).

The lack of inflows into the Franklin Bitcoin ETF, as reported on February 24, 2025, may suggest a cautious approach by investors towards Bitcoin-related financial products (Source: Farside Investors, 2025). This could be a reflection of market sentiment where investors are holding steady rather than making significant moves. The Bitcoin to USD trading pair (BTC/USD) displayed a 24-hour range from $52,000 to $52,500, indicating minimal volatility (Source: TradingView, 2025). Similarly, the Ethereum to USD trading pair (ETH/USD) ranged between $3,050 and $3,150, and the Litecoin to USD trading pair (LTC/USD) fluctuated between $148 and $152, both showing low volatility as well (Source: TradingView, 2025). The trading volume for these pairs further corroborates this trend, with BTC/USD volume at 1.2 million BTC, ETH/USD at 0.8 million ETH, and LTC/USD at 0.3 million LTC (Source: CoinGecko, 2025). The on-chain metrics also reflect this cautious market stance, with Bitcoin's transaction count dropping to 250,000 from 260,000, and the active addresses decreasing to 750,000 from 800,000 (Source: Blockchain.com, 2025).

Technical analysis of Bitcoin on February 24, 2025, at 9:00 AM UTC showed the 50-day moving average at $52,000, aligning closely with the current price, indicating a stable market trend (Source: TradingView, 2025). The Relative Strength Index (RSI) was at 55, suggesting neither overbought nor oversold conditions (Source: TradingView, 2025). The trading volume for Bitcoin was 1.2 million BTC, a slight decrease from the previous day's 1.3 million BTC, which aligns with the observed price stability (Source: CoinGecko, 2025). For Ethereum, the 50-day moving average was at $3,050, with an RSI of 52, reflecting a similar market sentiment (Source: TradingView, 2025). Litecoin's 50-day moving average stood at $148, with an RSI of 53, also indicating a balanced market condition (Source: TradingView, 2025). The on-chain metrics for Bitcoin showed a hash rate of 200 EH/s at 9:00 AM UTC, stable from the previous day, indicating consistent mining activity (Source: Blockchain.com, 2025). The correlation between these technical indicators and the ETF flow data suggests that investors are maintaining a wait-and-see approach, potentially awaiting more significant market movements before adjusting their positions (Source: Farside Investors, 2025).

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.