The Bid
Spot Bitcoin ETF flows, demand, absorption & the corporate-treasury bid
Cumulative Net Flow
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30-Day Net Flow
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Trailing 30 sessions
Latest Session
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Absorption (7d)
-×issuance
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ETF Net Flows
Creations & redemptions
Daily net flows across all US spot Bitcoin ETFs (bars) with cumulative flow (line). Net flow = creations − redemptions; BTC values derived at each day's close.
Period
Units
ETF Flow vs BTC Price
Last 365 sessions
BTC price (line, right axis) over daily net flows (bars, left axis). Highlighted bars mark sessions where price fell and ETFs saw net outflows.
ETF Absorption Ratio
Flow ÷ issuance
Net ETF BTC flow ÷ new daily issuance (~450 BTC/day post-halving). 1.0× = ETFs absorb exactly new supply; 2.0× = twice new supply; below 0 = net redemptions. Purple line is the 7-day smoothed ratio.
Bid Stress Index
0–100 composite
Equal-weighted average of four components, each rescaled 0–100 over the ETF era: BTC drawdown from peak, 7-day ETF outflows, 14-day realized volatility, and negative daily returns. Stacked bands show each component's contribution.
ETF Bid Breadth
Per issuer · last 60 sessions
Per-issuer daily net flow (US$m). Purple = inflow, red = outflow; colour intensity scales with magnitude.
ETF Dollar Volume Traded
Close × volume
Aggregate dollar turnover across the ETF complex — sum of close × share volume per fund (source: Yahoo Finance, ~6 months).
Cumulative Flow by Fund
Who built the bid
Cumulative net flow per issuer since 11 Jan 2024 (US$).
Flow Concentration
IBIT share & HHI
IBIT's share of total gross daily flow, and the Herfindahl-Hirschman Index of flow concentration across funds (both 7-day smoothed). Higher HHI = more concentrated in fewer funds.
Flow Momentum
7d & 30d rolling
Rolling 7-day and 30-day sum of daily net flow (US$).
Flow ↔ Price Correlation
30d rolling
30-day rolling Pearson correlation between daily net flow and BTC daily return. +1 = move together, −1 = move opposite.
Flow vs Daily Return
Last 180 sessions
Each dot is a session (last 180): net flow ($m) on the x-axis vs BTC daily return (%) on the y-axis.
The Corporate Treasury Bid
Source: CoinGecko
Public companies holding Bitcoin on balance sheet, ranked by holdings. BTC held, average cost basis, and implied USD deployed (cost basis × holdings).
| Company | Ticker | BTC Held | Avg Cost | Implied USD Bid |
|---|---|---|---|---|
| Loading… | ||||
Sources & method: Per-fund daily ETF net flows (US$m) from
Farside Investors;
BTC-denominated flows derived at each day's BTC close. BTC price and daily issuance from this app's on-chain data.
ETF dollar volume from Yahoo Finance. Corporate treasury holdings and cost basis from
CoinGecko.
The Bid Stress Index is an equal-weighted composite of the four components listed on that chart.