Bitcoin ETF Flow Dashboard
Daily and weekly institutional Bitcoin demand tracking across all 11 spot ETF products. Monitor capital flows from BlackRock IBIT, Fidelity FBTC, Grayscale GBTC, and 8 other vehicles representing $92.5B in total assets.
All Spot Bitcoin ETF Products
| Ticker | Issuer | AUM | 1D Flow | 7D Flow | YTD Flow | Fee |
|---|---|---|---|---|---|---|
IBIT | BlackRock iShares Bitcoin Trust | $45.00B | +$180.0M | +$1.20B | +$38.00B | 0.25% |
GBTC | Grayscale Grayscale Bitcoin Trust | $18.60B | -$25.0M | -$180.0M | -$20.00B | 1.50% |
FBTC | Fidelity Wise Origin Bitcoin Fund | $18.00B | +$120.0M | +$890.0M | +$15.00B | 0.25% |
ARKB | ARK Invest / 21Shares 21Shares Bitcoin ETF | $3.20B | +$45.0M | +$280.0M | +$2.80B | 0.21% |
BITB | Bitwise Bitwise Bitcoin ETF | $2.80B | +$38.0M | +$220.0M | +$2.50B | 0.20% |
BTC | Grayscale Grayscale Bitcoin Mini Trust | $1.80B | -$59.0M | -$580.0M | +$1.50B | 0.15% |
HODL | VanEck VanEck Bitcoin Trust | $1.20B | +$15.0M | +$95.0M | +$1.10B | 0.25% |
BTCO | Invesco / Galaxy Invesco Galaxy Bitcoin ETF | $0.85B | +$12.0M | +$78.0M | +$780.0M | 0.25% |
EZBC | Franklin Templeton Franklin Bitcoin ETF | $0.45B | +$8.0M | +$52.0M | +$410.0M | 0.19% |
BRRR | Valkyrie Valkyrie Bitcoin Fund | $0.32B | +$5.0M | +$35.0M | +$280.0M | 0.25% |
BTCW | WisdomTree WisdomTree Bitcoin Fund | $0.28B | +$3.0M | +$22.0M | +$250.0M | 0.25% |
Market Insights
Inflow Leaders
BlackRock and Fidelity dominate institutional inflows. IBIT alone captures ~50% of daily demand.
Outflow Leaders
Grayscale products still bleeding despite fee cuts. Investors rotating to lower-fee alternatives.
How to Interpret ETF Flows
Positive Flows (Inflows) = Bullish: Institutional capital entering Bitcoin. Demand from RIAs, pensions, endowments, and individual investors via brokerage accounts. Reduces circulating BTC supply (ETFs buy and hold). Historically correlated with price increases.
Negative Flows (Outflows) = Bearish: Institutional redemptions. Investors selling ETF shares, forcing issuers to sell underlying Bitcoin. Increases circulating supply. Often precedes or accompanies price declines.
Flow-Price Correlation: Studies show 0.6-0.7 correlation between cumulative ETF flows and Bitcoin price over 30-90 day periods. Strong inflows = upward price pressure. Outflows = downward pressure. But correlation ≠ causation - both reflect broader sentiment.
The GBTC Exodus Explained
Grayscale Bitcoin Trust (GBTC) dominated pre-2024 with $40B+ in assets. When spot ETFs launched in January 2024, GBTC's 1.50% fee became uncompetitive vs 0.20-0.25% alternatives. Result: $20B+ outflows over 12 months as investors rotated to cheaper products.
Where did $20B go? ~55% to IBIT (BlackRock), ~25% to FBTC (Fidelity), ~10% to ARK/Bitwise, ~10% exited crypto entirely. Grayscale launched 0.15% fee "Mini Trust" (BTC ticker) to compete, but damage done. GBTC now stable at ~$18B, down from $40B peak.
Data Update Process
ETF flow data is updated daily after market close (4pm ET). Issuers report AUM to SEC, independent trackers (SoSoValue, Bloomberg, Eric Balchunas) aggregate flows. Data typically available 1-2 hours after close.
How to stay current: Follow @EricBalchunas (Bloomberg ETF analyst) on Twitter for daily flow updates. Visit SoSoValue.com for free real-time tracking. Bloomberg Terminal subscribers get instant updates via IBIT <Equity> AUM command.
Data sourced from SEC filings and issuer reports • Updated daily after market close • Flow data represents net creations/redemptions • Not financial advice