Spot Bitcoin ETF Data
Bitcoin ETF Flows Today
Net inflows and outflows for all twelve US spot Bitcoin ETFs, including IBIT, FBTC, and GBTC. Every session since January 2024, updated twice daily with per-fund detail.
Live Flow Summary
US spot Bitcoin ETFs · updated twice daily
Latest Session
−$49.8M
Jul 28, 2026
Current Streak
4
outflow sessions
Cumulative Since Launch
$51.3B
since Jan 11, 2024
Total Net Assets
$77.2B
all US spot ETFs
Daily Net Flows · Last 3M
Net Flow by Fund · Last 3M
Per-fund data covers 66 of 66 sessions in this range, through Jul 28, 2026. Disclosures settle a few sessions behind the headline figure above.
Data: TFTC Bitcoin ETF Flow Tracker — the full daily record: every fund, every session since launch, records and monthly tables.
Full daily record →Data refreshed July 29, 2026 at 6:03 PM CT · updates at least twice daily
What the Number Is
What Bitcoin ETF Flows Measure
A flow number is the net dollar value of shares created or redeemed across all twelve US spot Bitcoin ETFs in a single trading session. Creations mean new shares were issued and the funds' Bitcoin holdings grew. Redemptions mean the reverse. Added up, the figure is the cleanest daily census of institutional demand moving through traditional rails.
One session tells you almost nothing. Flows swing on rebalancing, options expiry, and single large allocations that have nothing to do with conviction. Three things carry actual signal.
Signal No. 1
Streaks
Consecutive inflow or outflow days show sustained positioning rather than a one-off trade.
Signal No. 2
Monthly Totals
Netting out the noise reveals the direction institutional money is actually leaning.
Signal No. 3
Divergence
Flows and price usually track together. When they separate, one of them is early.
Zero-flow days for smaller funds are routine rather than missing data. Several of the smaller funds record no basket activity on more than 80% of sessions. Market holidays appear as zero-flow days, and weekends are not trading sessions at all.
Price to Payout
How ETF Flows Reach Hashprice
Flows reach miners indirectly, and the path is longer than it looks.
Sustained demand supports the Bitcoin price, and price is one of the three inputs to hashprice, the revenue a miner earns per terahash per day. The other two are network difficulty and transaction fees, and both move on their own schedule. Difficulty resets every 2,016 blocks regardless of what the ETF market did that fortnight, and a hashrate surge can erase a price gain before it ever reaches your payout.
That is why flow data is a leading indicator rather than a revenue forecast. A month of heavy inflows tends to show up in hashprice eventually. It does not guarantee a better week, and treating any single figure as a trading signal misreads what the dataset is.
The Operator Read
What Flows Mean for Miners and Hosting Demand
The operational read matters more than the price read.
Extended inflows and rising prices pull new entrants into mining, which tightens hardware availability and pushes machine prices up at exactly the moment everyone wants to buy. Hosting capacity fills the same way. Miners who expanded during the quiet stretch tend to be the ones with rack space when the cycle turns.
Extended outflows compress margins and sort operators by power cost. Nothing about a drawdown changes which machines are efficient or which sites are cheap to run, so the operators who survive it are usually the ones who already knew what it costs them to mine a Bitcoin before the market turned. The broader question of whether mining stays profitable through a cycle comes down to that number more than to any flow print.
Flows are worth watching as a demand signal. They are not a substitute for knowing your own cost basis, and this page is not investment advice.
FAQ
Bitcoin ETF Flow Questions
What are Bitcoin ETF flows?
A Bitcoin ETF flow is the net dollar value of shares created or redeemed across the US spot Bitcoin ETFs in a single trading session. Creations mean the fund issued new shares and acquired Bitcoin to back them. Redemptions mean the reverse. Twelve US spot funds report into the aggregate figure, which is the closest thing available to a daily census of institutional demand arriving through ordinary brokerage accounts. Weekends are not trading sessions, and market holidays appear as zero-flow days rather than gaps.
How do Bitcoin ETF flows affect the Bitcoin price?
Sustained flows move the price. Single sessions mostly do not. Citi research using daily data from the five largest US spot funds found that every $100 million in net inflow correlates with a same-day price move of roughly 53 basis points, building to about 96 basis points over ten trading days. The mechanism is straightforward: share creations require the issuer to acquire spot Bitcoin, and the funds now hold roughly 6% of all Bitcoin against new issuance of about 450 BTC per day. That said, this is correlation rather than proven causation, and flows are one input among several.
Do Bitcoin ETF flows affect mining profitability?
Only indirectly, and only through price. Mining revenue is measured in hashprice, the dollars a miner earns per terahash per day, and price is one of its three inputs. The other two are network difficulty and transaction fees, both of which move on their own schedule. Difficulty resets every 2,016 blocks regardless of what the ETF market did that fortnight, so a hashrate surge can erase a flow-driven price gain before it reaches your payout. Flows are a useful demand signal, not a revenue forecast, and they change nothing about your power rate.
Why is Bitcoin's price flat when ETF inflows are positive?
Because a meaningful share of inflows are hedged rather than directional. In the cash-and-carry or basis trade, an institution buys ETF shares and simultaneously shorts CME Bitcoin futures to capture the futures premium. The position is delta neutral, meaning it carries no view on price, but it registers in the data as an inflow and is indistinguishable from conviction buying. Analysts have found that roughly half of weekly flow volatility tracks hedge funds adding futures shorts, with correlations as high as 0.70.
How often are Bitcoin ETF flows negative?
About 40% of the time. Across the 653 trading sessions from January 11, 2024 through July 28, 2026, net flows were negative on 261 of them. The share has moved each year: 31% of sessions in 2024, 40% in 2025, and 55% so far in 2026. The longest outflow streak ran 13 sessions from May 15, 2026 to June 3, 2026, shedding $4.37 billion. The longest inflow streak ran 19 sessions from May 13, 2024 to June 7, 2024. Cumulative net flow remains positive at $51.3 billion.
Where does this ETF flow data come from?
TFTC's open Bitcoin ETF flow dataset, published under a Creative Commons BY 4.0 license and updated twice daily. TFTC compiles daily aggregates from SoSoValue, per-fund history from issuer disclosures as tabulated by Farside Investors, and the daily Bitcoin reference price from mempool.space. This page pulls the file directly and refreshes every 30 minutes. The per-fund breakdown settles a few sessions behind the headline figure while issuers finalize their disclosures.
The Other Side of Demand
What Does It Cost to Produce a Bitcoin?
Flows tell you what buyers are doing. Production cost tells you what sellers can afford to accept, which is why it tends to act as a floor under the price. See the live electricity cost to mine one Bitcoin at current difficulty, by machine and power rate.