Spot Bitcoin ETF flows

The money that flows into or out of spot Bitcoin ETFs each day; these funds hold real bitcoin for their shareholders.

What it means

Inflows usually mean the funds bought bitcoin; outflows mean they sold some.

What to watch

Runs of inflows or outflows over several days; flows often follow price as much as they lead it.

How Compass-Alpha uses it

Background only; not used in any figure on Compass-Alpha.