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ETF Flows vs New BTC (Raw)

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Price update 35 minutes ago
Block update -349 second(s) ago

Chart

What Does This Chart Show?

This chart compares the daily Bitcoin purchases by US spot ETFs against the daily new Bitcoin supply from mining. The green line shows the raw daily ETF purchases, while the gold line shows the raw daily new Bitcoin mined each day. This helps you see how ETF demand compares to new supply on a daily basis.

How the Data Is Calculated

The ETF purchases line represents the net daily Bitcoin acquisitions by all US spot ETFs, excluding the initial GBTC holdings that existed before the ETF launch. The new Bitcoin supply line shows the daily mining rewards, which is approximately 450 BTC per day (though this varies slightly due to mining difficulty adjustments).

The chart displays raw daily values as the primary view, with 7-day moving averages available in the legend for users who prefer smoothed data to reduce daily volatility.

Understanding the Chart

When the green line (ETF purchases) is above the gold line (new supply), it means ETFs are buying more Bitcoin than is being created through mining. When the lines cross or the gold line is higher, it indicates periods where new supply is outpacing ETF demand.

Hidden Chart Elements

This chart includes several additional data series that are hidden by default but can be toggled on using the legend controls:

  • ETF Purchases (7DMA) - A 7-day moving average of ETF purchases that smooths out daily volatility to show broader trends
  • New BTC (7DMA) - A 7-day moving average of new Bitcoin supply that provides a smoother view of mining output trends

To view these additional series, simply click on their names in the legend below the chart. You can toggle multiple series on and off to compare different aspects of the data.

Disclaimer
Any information found on this page is not to be considered as financial advice. You should do your own research before making any decisions.

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