Bitcoin ETF flows
12 spot ETFs · since 11 Jan 2024 · 704 trading days
On Fri 30 Oct Bitcoin ETFs saw −$643.3M of net outflow — IBIT −$233.7M and FBTC −$201.0M lost the most. 6 of 12 funds have reported for Fri 30 Oct so far. Read the issue
Partial
6 of 12 funds reported for Fri 30 Oct. Not reported yet: BTC, HODL, EZBC, BRRR, BTCO, BTCW. The day total is recomputed as they arrive.
Net flow · Fri 30 Oct
Funds−$643.3M Outflow
Top inflow · outflow
Streak
Records1 outflow day
since Fri 30 Oct · −$643.3M over the run
Avg entry vs close
By fund−3.1% −$2.86B
Avg entry$80,230
BTC · Close 30 Oct$77,720
Avg entry below close6 of 11
Unrealised · our estimate from daily creations and redemptions, not an issuer report
ETF cost basisNet assets
Issuers$98.52B
coins held by the 12 funds at market value
Cumulative net flow+$57.03B
Net flow YTD+$424.2M
BTC price$77,720 +0.76%
Close Fri 30 Oct$76,943
Bitcoin ETF daily net flow and BTC price
30 trading days: +$1.82B net · 20 inflow days / 10 outflow days
$M · bars: net flow of 12 funds · dashed: BTC price, own scale · T+1Open dashboard
Bitcoin ETF flows by fund, day by day
Last 10 trading days, US$ m, newest first. A date opens that day’s issue, a ticker opens the fund.
| Day | IBITBlackRock · 0.25% | FBTCFidelity · 0.25% | BTCGrayscale · 0.15% | BITBBitwise · 0.20% | HODLVanEck · 0.20% | ARKB21Shares · 0.21% | MSBTMorgan Stanley · 0.14% | EZBCFranklin Templeton · 0.19% | BRRRCoinShares · 0.25% | BTCOInvesco · 0.25% | BTCWWisdomTree · 0.25% | GBTCGrayscale · 1.50% | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fri 30 Oct | −233.7 | −201.0 | — | −25.7 | — | −129.5 | 0 | — | — | — | — | −53.3 | −643.3 |
| Thu 29 Oct | +12.8 | +10.5 | −15.3 | +8.8 | — | 0 | +4.2 | 0 | — | 0 | −3.8 | 0 | +17.0 |
| Wed 28 Oct | +136.0 | 0 | 0 | +1.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | +137.3 |
| Tue 27 Oct | +151.5 | +24.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | +176.0 |
| Mon 26 Oct | +110.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | +110.3 |
| Fri 23 Oct | −110.3 | −31.8 | 0 | 0 | 0 | 0 | +4.2 | 0 | 0 | 0 | 0 | 0 | −138.0 |
| Thu 22 Oct | −254.1 | −217.5 | 0 | −27.3 | 0 | −109.4 | +2.3 | 0 | 0 | 0 | 0 | −29.5 | −635.5 |
| Wed 21 Oct | +235.0 | +212.7 | +8.2 | +19.2 | 0 | +9.8 | 0 | +7.3 | +3.6 | 0 | 0 | +32.6 | +528.4 |
| Tue 20 Oct | +29.9 | +3.6 | 0 | −10.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | +23.2 |
| Mon 19 Oct | +665.2 | −83.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −54.9 | +526.6 |
| 10 days | +742.5 | −282.6 | −7.1 | −34.0 | 0 | −229.2 | +10.7 | +7.3 | +3.6 | 0 | −3.8 | −105.2 | +102.1 |
| Fund | 30 Oct | 29 Oct | 28 Oct | 27 Oct | 26 Oct | 23 Oct | 22 Oct | 21 Oct | 20 Oct | 19 Oct |
|---|---|---|---|---|---|---|---|---|---|---|
| IBIT | −233.7 | +12.8 | +136.0 | +151.5 | +110.3 | −110.3 | −254.1 | +235.0 | +29.9 | +665.2 |
| FBTC | −201.0 | +10.5 | 0 | +24.5 | 0 | −31.8 | −217.5 | +212.7 | +3.6 | −83.6 |
| BTC | — | −15.3 | 0 | 0 | 0 | 0 | 0 | +8.2 | 0 | 0 |
| BITB | −25.7 | +8.8 | +1.3 | 0 | 0 | 0 | −27.3 | +19.2 | −10.3 | 0 |
| HODL | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ARKB | −129.5 | 0 | 0 | 0 | 0 | 0 | −109.4 | +9.8 | 0 | 0 |
| MSBT | 0 | +4.2 | 0 | 0 | 0 | +4.2 | +2.3 | 0 | 0 | 0 |
| EZBC | — | 0 | 0 | 0 | 0 | 0 | 0 | +7.3 | 0 | 0 |
| BRRR | — | — | 0 | 0 | 0 | 0 | 0 | +3.6 | 0 | 0 |
| BTCO | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BTCW | — | −3.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| GBTC | −53.3 | 0 | 0 | 0 | 0 | 0 | −29.5 | +32.6 | 0 | −54.9 |
| Total | −643.3 | +17.0 | +137.3 | +176.0 | +110.3 | −138.0 | −635.5 | +528.4 | +23.2 | +526.6 |
— = the fund has not reported that day · 0 = reported, no creations or redemptions · fill shows the sign
Bitcoin ETFs ranked by daily flow
12 funds · click a header to re-sort · tick up to four funds to compare them side by side
| Compare | Fund | Details | |
|---|---|---|---|
| MSBTMorgan Stanley Bitcoin ETFMorgan Stanley | 0 | ||
| BITBBitwise Bitcoin ETFBitwise | −$25.7M | ||
| GBTCGrayscale Bitcoin TrustGrayscale | −$53.3M | ||
| ARKBARK 21Shares Bitcoin ETF21Shares | −$129.5M | ||
| FBTCFidelity Wise Origin Bitcoin FundFidelity | −$201.0M | ||
| IBITiShares Bitcoin TrustBlackRock | −$233.7M | ||
| BTCGrayscale Bitcoin Mini TrustGrayscale | —not reported | ||
| HODLVanEck Bitcoin TrustVanEck | —not reported | ||
| EZBCFranklin Bitcoin ETFFranklin Templeton | —not reported | ||
| BRRRCoinShares Bitcoin ETFCoinShares | —not reported | ||
| BTCOInvesco Galaxy Bitcoin ETFInvesco | —not reported | ||
| BTCWWisdomTree Bitcoin FundWisdomTree | —not reported | ||
| Total · 12 funds | −$643.3M |
Share price: last daily close · share = fund’s part of all positive cumulative flow
Avg entry — the average price per coin the fund's clients paid, our estimate from daily creations and redemptions, not an issuer report · as of 30 Oct 2026
ETF holders’ average entry vs price
Bitcoin · how the gap to the waterline changed over time
Average entryPrice, daily averageabove entrybelow entry
entry$80,230price$77,720
Price below entry: 262 of 1024 days · Entry: our estimate from daily creations and redemptions. Price: the coin’s volume-weighted average for each day; the last day uses the latest price.ETF cost basis
Clients’ average entry is below the BTC close in 6 of 11 Bitcoin ETFs
Average entry (hollow) vs BTC close $77,720 (solid) · 30 Oct · sorted by gap
- BRRRCoinShares+21.3%+$91.7Mentry $64,085
- BTCWWisdomTree+13.5%+$18.3Mentry $68,475
- BTCOInvesco+6.8%+$24.4Mentry $72,782
- MSBTMorgan Stanley+4.1%+$32.9Mentry $74,692
- EZBCFranklin Templeton+3.8%+$16.4Mentry $74,840
- FBTCFidelity+0.1%+$9.9Mentry $77,664
- BITBBitwise−1.6%−$46.6Mentry $78,963
- HODLVanEck−3.3%−$35.2Mentry $80,399
- IBITBlackRock−4.1%−$2.71Bentry $81,040
- ARKB21Shares−4.3%−$104.6Mentry $81,213
- BTCGrayscale−5.1%−$155.8Mentry $81,877
GBTC: not enough holdings data for an average entry. The gap is unrealised and before fees.
Streaks and records
descriptive, not a signal- Current outflow run
- 1 day · since 30 Oct
- Largest inflow, all time
- +$1.37B · 7 Nov 2024
- Largest outflow, all time
- −$1.11B · 25 Feb 2025
- Inflow days in 2026
- 108 of 209
- Best month
- +$6.47B · Nov 2024
- Worst month
- −$4.51B · Jun 2026
All records · 30D / 90D / 1Y
| Window | Largest inflow | Largest outflow |
|---|---|---|
| Last 30 trading days | +$998.9M21 Sep 2026 | −$643.3M30 Oct 2026 |
| Last 90 trading days | +$998.9M21 Sep 2026 | −$691.7M25 Jun 2026 |
| Last 12 months | +$998.9M21 Sep 2026 | −$903.2M20 Nov 2025 |
Trading days only. A day where a fund has not reported is skipped, not counted as zero.
Who takes the inflows · YTD
gross inflow by fund- IBIT60%
- FBTC19%
- ARKB8%
- Others14%
IBIT alone took 60% of the gross inflows this year. Net outflows this year: FBTC (−$1.94B), BITB (−$106.5M), HODL (−$77.9M), ARKB (−$669.3M), BTCO (−$69.8M), GBTC (−$2.79B).
Staking in Bitcoin ETFs
Bitcoin cannot be staked, so its US spot ETFs hold coins without staking rewards.
Staking in all crypto ETFsInstitutions in Bitcoin ETFs: 13F holders
1,934 institutions held Bitcoin ETFs on June 30, 2026, worth $18.0B across 12 funds. IBIT had both the most institutional money ($11.6B) and the most holders (1,470). Holders fell from 2,049 in Q1 2026; share counts rose in 5 of 12 funds.
13F filings for the quarter ended Jun 30, 2026 · next update after Nov 14, 2026 · What is a 13F?
Institutions holding1,934−115 vs Q1 26
Reported value$18.0Bat Jun 30 prices
Net change in shares+$36.1M+1.1M · +0.2% vs Q1 26
Funds with holders12of 12 Bitcoin ETFs tracked
Reported in 13F≈25%of Bitcoin ETF shares outstanding on Jun 30
Holder mix by value · our classificationshare of the $18.0B
- Bank & broker 21.1%
- Market maker 10.6%
- Hedge fund 14.8%
- Asset manager 12.4%
- Crypto firm 4.1%
- Pension & sovereign 4.3%
- Endowment & foundation 0.9%
- Wealth adviser 19.8%
- Other managers 12.1%
Largest Bitcoin ETF holders
| # | Holder | Type · our classification | Funds held | Value | Change in shares, q/q |
|---|---|---|---|---|---|
| 1 | Jane StreetNew York · Market maker | Market maker | GBTC, HODL, IBIT, FBTC, ARKB, BITB, EZBC, BRRR, BTCW | $991M | +20.3M +194% |
| 2 | Wells FargoSan Francisco · Bank & broker | Bank & broker | GBTC, HODL, IBIT, FBTC, ARKB, BITB, BTCO, EZBC, BRRR, BTC | $936M | +18.7M +190% |
| 3 | Horizon Kinetics Asset ManagementNew York · Asset manager | Asset manager | GBTC, IBIT, FBTC, BTC | $738M | +1.2M +7% |
| 4 | Morgan StanleyNew York · Bank & broker | Bank & broker | GBTC, HODL, IBIT, FBTC, ARKB, BITB, BTCO, BTC, MSBT | $675M | +1.8M +9% |
| 5 | Goldman SachsNew York · Bank & broker | Bank & broker | IBIT, FBTC, BTC | $580M | −1.1M −6% |
| 6 | BlackRockNew York · Asset manager | Asset manager | GBTC, IBIT, FBTC, BTC | $516M | +1.0M +7% |
| 7 | Mubadala InvestmentAbu Dhabi · Pension & sovereign | Pension & sovereign | IBIT | $490M | unchanged |
| 8 | MarexLondon · Market maker | Market maker | HODL, IBIT, FBTC, ARKB, BRRR | $480M | +0.99M +4% |
| 9 | Avenir TechCentral, Hong Kong · Hedge fund | Hedge fund | IBIT, FBTC, BITB | $451M | −5.0M −27% |
| 10 | Galaxy DigitalNew York · Crypto firm | Crypto firm | IBIT, ARKB, BTCO | $441M | +0.96M +7% |
Who added and who cut in Q2 2026
Added
- Jane StreetMarket maker+$630M
- Wells FargoBank & broker+$618M
- Bank of MontrealBank & broker+$153M
- Van Eck AssociatesAsset manager+$151M
- Cantor FitzgeraldBank & broker+$126M
Cut
- Brevan Howard Capital ManagementHedge fund−$569M
- Millennium ManagementHedge fund−$438M
- D. E. ShawHedge fund · exited−$221M
- Avenir TechHedge fund−$166M
- Susquehanna InternationalMarket maker−$164M
Change in shares, valued at Jun 30 prices
Long positions on the last day of the quarter, as filed by managers over $100M. Shorts, futures and retail investors are not in 13F. Changes are in shares, so the coin price does not move them.
Other crypto ETF flows
Net flow on each asset’s latest reported day · cumulative net flow on the right
Ethereum
Solana
XRP
Hyperliquid
Chainlink
Hedera
Avalanche
Dogecoin
Litecoin
Sui
Polkadot
BNB
NEAR
Tron
ZcashWhat the Bitcoin ETF flow data is telling us
Bitcoin ETF complex has attracted +$57.03B in cumulative net flow since 11 Jan 2024, with current assets under management of $98.52B across 11 issuers.
Bitcoin ETF flows show how much money is moving into and out of U.S. spot Bitcoin exchange-traded funds each day — the most-watched gauge of institutional demand for BTC.
What Bitcoin ETF flows tell you
A spot Bitcoin ETF lets investors gain BTC price exposure through a regulated, exchange-listed fund instead of buying and self-custodying the coin. As money enters a fund the issuer creates shares and buys more Bitcoin; as money leaves, shares are redeemed. The net of those creations and redemptions across all funds on a given day is the daily net flow.
Since launching in January 2024, U.S. spot Bitcoin ETFs have become the single clearest window into institutional and advisor demand for BTC. Daily flow data strips out a lot of the noise in spot price: it isolates how much regulated, long-only capital is actually being committed to Bitcoin, day by day.
One nuance unique to Bitcoin is that the headline net number combines strong inflows into newer low-fee funds with steady outflows from an older converted trust. That is why the per-issuer breakdown matters: two products can move in opposite directions on the same day, and the net tells you who is winning the tug-of-war.
What drives Bitcoin ETF inflows and outflows
- Macro conditions — interest-rate expectations, the U.S. dollar and overall liquidity strongly shape appetite for BTC as a risk asset.
- Risk sentiment — broad risk-on phases tend to pull inflows; risk-off shocks trigger redemptions.
- Issuer rotation — flows from an older converted trust into newer low-fee funds can mask or amplify the net figure.
- Fee competition — expense ratios and liquidity differences move flows between issuers.
- Institutional and advisor adoption — model-portfolio allocations and wirehouse approvals add structural, slower-moving demand.
- Narrative and supply — halving cycles, scarcity stories and major headlines can drive step-changes in demand.
How to read the data on this page
The daily net flow shows whether the funds together added money (an inflow, green) or lost it (an outflow, red). The cumulative line sums those daily figures to approximate how much net capital has entered Bitcoin ETFs since launch.
The issuer table breaks the total down by fund, so you can see whether demand is concentrated or broad, and whether outflows from one product are dragging on the net. Comparing Bitcoin with Ethereum, Solana and XRP shows how dominant BTC remains in overall crypto-ETF demand.
Flow figures are expressed in U.S. dollars (millions) and refreshed every business day. A positive number is a net inflow; a negative number is a net outflow.