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Чистий потік пт, 23 жовт.:+$6.0MНакопичений потік:+$74.6BNAV:$124.6BCEFI:48 · НейтральноBTC holders vs entry пт, 23 жовт.:+0.7%Фонди:58Активи:16
дані за пт, 23 жовт. · T+1

Are Bitcoin ETFs buying more bitcoin than is mined?

Updated сб, 24 жовт. 2026 р. · weeks run Monday to Sunday · ETF flows from issuer filings, new bitcoin from the blockchain · How we compare

Not lately. Since January 2024 US spot Bitcoin ETFs have bought 694,357 BTC on net, 1.37 times the 507,628 BTC miners produced, but that lead was built in 2024. In 2026 to 23 жовт. their buying and selling have roughly cancelled out (+809 BTC against 132,838 mined), and in the week of 12–18 жовт. they sold 2,783 BTC on net.

New bitcoin a day≈450471 measured
ETF buying that would match it≈3,150 BTC a week
Weeks the ETFs bought more than was mined69 of 145

For every 100 BTC mined, the ETFs bought on net

2024
ETFs +519,918 BTC · mined 211,266
246
2025
ETFs +178,890 BTC · mined 165,384
108
2026 to 23 жовт.
ETFs +809 BTC · mined 132,838
0.6
Last 30 days
ETFs +1,022 BTC · mined 14,119
7.2

Each square is 10 BTC. Filled: bought by the ETFs, net of redemptions. Empty: mined and not bought by them. 2024 and 2025 by full weeks, Monday to Sunday.

Bitcoin bought by the ETFs vs bitcoin mined, since January 2024

running total, added up week by week · point at the chart to see any week
Bitcoin bought by the ETFs, net of salesBitcoin minedETFs ahead of new supply
2024ETFs 2.46× new supply2025ETFs 1.08× new supply2026 so farETFs about even0200K400K600K800Khalving · 20 Apr 2024ETFs ahead of new supplywidest lead, week of 6–12 жовт. 2025 р.417,488 BTCETFs ahead by186,728ETFs, net+694,356mined507,628
січ. 2024 р.січ. 2025 р.січ. 2026 р.жовт. 2026 р.
Last full week · 12–18 жовт.SOLDon net−2,783 vs 3,353 mined
This week so far · 19–23 жовт. in progressABOVE2.22×+5,339 vs 2,409 mined
Last 30 daysBELOW0.07×+1,022 vs 14,119 mined
Since launch · 11 січ. 2024 р.ABOVE1.37×+694,357 vs 507,628 mined

Week by week: did the ETFs buy more bitcoin than was mined?

One square is one week, Monday to Sunday. Green means yes; pale or red means no. Point at a square to see that week’s numbers.

12–18 жовт. 2026 р.SOLDETFs sold 2,783 BTC on net while 3,353 BTC was mined.latest full week
2024mostly yes
yes in 32 of 52 weeks · sold in 16
2025under half
yes in 23 of 52 weeks · sold in 20
2026mostly no
yes in 14 of 41 weeks · sold in 21
yes: the ETFs bought more than miners producedno: they bought, but lessno: they sold on netweeks still to come

The ETFs bought more than was mined in 69 of 145 full weeks: 32 of 52 in 2024, 23 of 52 in 2025 і 14 of 41 in 2026. The longest run was 7 weeks, 29 січ. – 17 бер. 2024 р.; the last such week was 21–27 вер. 2026 р..

How much the ETFs bought or sold each week

The last 52 weeks · bars: ETF net creations in BTC · line: new bitcoin mined

ETFs bought on netETFs sold on netBitcoin mined that week
−30K−20K−10K0+10K+20K+30Kmined
січ. 2026 р.квіт. 2026 р.лип. 2026 р.жовт. 2026 р.

The biggest week of buying was +45,070 BTC (12–18 лютого 2024 р.), the deepest week of selling −29,548 BTC (22–28 червня 2026 р.). The lighter bar is the current week, still in progress.

Which ETFs are doing the buying?

Net creations in bitcoin by fund, at each day’s average price

In 2026 the buying has been concentrated: IBIT took in 44,915 BTC while GBTC and FBTC together redeemed 61,157 BTC.

fund← soldbought →12–18 жовт.last 30 days2026 to date
IBITBlackRock−2,007+14,508+44,915
BTCGrayscale Mini−94+174+15,019
MSBTMorgan Stanley+80+484+10,816
BTCWWisdomTree0−48+467
BRRRCoinShares−1+29+420
BITBBitwise+27−1,300−1,038
HODLVanEck0−57−1,083
BTCOInvesco Galaxy−50−100−1,169
ARKBARK 21Shares0−3,361−6,433
FBTCFidelity−738−7,651−23,708
GBTCGrayscale0−1,858−37,449

How much bitcoin is mined per day

New bitcoin per day on the protocol’s schedule · the reward per block halves every 210,000 blocks, about every four years

05001,0001,5002,0001,800 a day12.5 BTC a block900 a day6.25 BTC a block450 a day3.125 BTC a block225 a day1.5625 BTC a blockhalving · May 2020halving · Apr 2024next halving · 2028, expectedUS spot Bitcoin ETFs launch · 11 Jan 2024now: 471 a daymeasured, last 30 days
2018202020222024202620282030

now: 471 BTC a day, measured over the last 30 days. Dashed line: US spot ETFs launch, Jan 2024. Steps: the halvings of May 2020 and Apr 2024; the next is expected in 2028.

About 450 BTC a day on schedule: a block roughly every ten minutes, 144 blocks a day, and 3.125 new BTC per block since the halving of 20 April 2024. The real number moves with the speed of blocks: over the last 30 days miners produced 14,119 BTC, 471 a day from about 151 blocks a day. In 2026 to date the average is 448.8 BTC a day.

The reward halves every 210,000 blocks. Transaction fees also go to miners, but they move existing coins and add no new supply, so they are not counted here.

bitcoin minedon schedulemeasured
Per day450471 last 30 days
Per week3,1503,353 12–18 жовт.
Per 30 days13,50014,119
Per year≈164,250132,838 2026 to date
Next halving: block 1,050,000, expected 2028225 a day1.5625 BTC per block

Records and streaks

Since the first trading day, 11 Jan 2024

Longest run above new supply7 weeks29 січ. – 17 бер. 2024 р.
Current run0 weekslast above: 21–27 вер.
Biggest week of buying+45,070 BTC12–18 лют. 2024 р.
Biggest week of selling−29,548 BTC22–28 черв. 2026 р.
Highest ratio to new supply11.3×21–27 квіт. 2025 р.
Biggest single day+18,174 BTC7 лист. 2024 р.
Biggest month of buying+118,123 BTCлют. 2024 р.
Biggest month of selling−71,365 BTCчерв. 2026 р.

The last 12 weeks

Monday to Sunday · ETF net creations converted to bitcoin at each day’s average price

weekETFs, net BTCmined BTCETFs ÷ minedvs new supply
19–23 жовт. 2026 р. in progressETFs +5,3392,409 mined2.2×ABOVE
12–18 жовт. 2026 р.ETFs −2,7833,353 mined—SOLD
5–11 жовт. 2026 р.ETFs −8,2363,378 mined—SOLD
28 вер. – 4 жовт. 2026 р.ETFs +2,8383,184 mined0.9×BELOW
21–27 вер. 2026 р.ETFs +28,0573,097 mined9.1×ABOVE
14–20 вер. 2026 р.ETFs −2043,203 mined—SOLD
7–13 вер. 2026 р.ETFs −5,9353,238 mined—SOLD
31 серп. – 6 вер. 2026 р.ETFs +12,3883,272 mined3.8×ABOVE
24–30 серп. 2026 р.ETFs +11,6863,197 mined3.7×ABOVE
17–23 серп. 2026 р.ETFs +27,7933,056 mined9.1×ABOVE
10–16 серп. 2026 р.ETFs −6,0323,156 mined—SOLD
3–9 серп. 2026 р.ETFs +13,4883,141 mined4.3×ABOVE

Source: issuer filings for ETF flows, the blockchain for new coins · as of пт, 23 жовт. 2026 р. · T+1. Not investment advice.

How we compare ETF demand with new supply

  • ETF demand is the daily net flow of all US spot Bitcoin ETFs in dollars, divided by that day’s volume-weighted average bitcoin price.
  • New supply is the block reward times the blocks found between midnights UTC: 6.25 BTC per block before 20 April 2024, 3.125 BTC after.
  • ETFs trade five days a week and miners work seven, so the comparison is made by full weeks, Monday to Sunday.
  • Net creations show the coins the funds added or removed, not how much they hold.
  • Only US spot Bitcoin ETFs are counted. Futures ETFs, funds listed elsewhere and companies buying bitcoin for their treasuries are not.
  • This describes flows, not a forecast. ETF demand above new supply does not by itself set the price: existing holders buy and sell too.

Use this comparison

Cite this

Since January 2024 US spot Bitcoin ETFs have taken in 694,357 BTC on net, 1.37 times the 507,628 BTC mined (as of 23 жовт. 2026 р.). Source: cryptoetf.today — https://cryptoetf.today/uk/bitcoin-etf-buying-vs-mined

Free to quote with a link to cryptoetf.today. Figures update with each issuer release.

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This week’s ETF buying against new supply, updated every trading day.

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