Launch → 2024 halving
Jan 11, 2024 – Apr 19, 2024 · 72 sessions
+218,210.81 BTC
+$12.33B · miners 90,000 BTC · 2.42×
Extra vs issuance: +128,210.81 BTC
US spot Bitcoin ETFs
Did Bitcoin ETFs eat today's new coins?
CoinGlass and Farside print dollar inflows. This board converts every session into bitcoin, then stacks it against miner issuance and the 500-day cycle. If ETFs took more coins than miners created, supply is being squeezed — not just “in the green.”
Through Sep 17, 2026 · 689 sessions since launch · not financial advice
Last cash session
2026-09-17
+2,084.36 BTC
+$159.45M · 4.63× miner issuance
Miners minted450 BTC
ETFs took2,084.36 BTC
Net vs new supply: +1,634.36 BTC
Last 7 calendar days
Sep 11, 2026 – Sep 17, 2026
−5,887.81 BTC
−$440.10M · -1.87× miner issuance
Miners minted3,150 BTC
ETFs returned5,887.81 BTC
Net vs new supply: −9,037.81 BTC
- Streak
- 1d inflows
- Coins since launch
- +650,633 BTC
- Est. holdings now
- 1,258,131.71 BTC
- 30-day absorption
- 2.37×
+$54.70B
+$96.25B AUM
Squeezing supply
Recent tape
Sep 17, 2026
+2,084.36 BTC
4.6×
Sep 16, 2026
−3,889.11 BTC
-8.6×
Sep 15, 2026
−5,934.6 BTC
-13.2×
Sep 14, 2026
+2,023.42 BTC
4.5×
Sep 11, 2026
−171.89 BTC
-0.4×
Sep 10, 2026
−3,657.86 BTC
-8.1×
Sep 9, 2026
−1,535.17 BTC
-3.4×
Sep 8, 2026
−594.36 BTC
-1.3×
Sep 4, 2026
+2,190.16 BTC
4.9×
Sep 3, 2026
+8,970.4 BTC
19.9×
Sep 2, 2026
+1,307.16 BTC
2.9×
Sep 1, 2026
−3,054.41 BTC
-6.8×
Aug 31, 2026
+2,748.39 BTC
6.1×
Aug 28, 2026
−2,607.19 BTC
-5.8×
Supply calendar
Every trading day since 11 January 2024. Green cells are net creations, red cells are redemptions, empty cells are weekends and holidays. Darker means a larger share of that day's miner issuance.
inflow outflow no sessionHalving Apr 20, 2024 · T+500 Sep 2, 2025
2024
SunTueThuSat
JanFebMarAprMayJunJulAugSepOctNovDec
2025
SunTueThuSat
JanFebMarAprMayJunJulAugSepOctNovDec
2026
SunTueThuSat
JanFebMarAprMayJunJulAugSep
Where the coins landed in the 500-day cycle
Spot ETFs launched inside the 2024 buy window. The ledger below is net ETF bitcoin versus miner issuance in each BTC500 phase — not another cumulative dollar chart.
Halving → T+500
Apr 21, 2024 – Sep 2, 2025 · 355 sessions
+463,155.5 BTC
+$42.22B · miners 225,000 BTC · 2.06×
Extra vs issuance: +238,155.5 BTC
After T+500
Sep 3, 2025 – Sep 17, 2026 · 262 sessions
−30,733.31 BTC
+$154.36M · miners 171,000 BTC · -0.18×
Extra vs issuance: −201,733.31 BTC
Who took the coins
Net bitcoin since launch, by ticker. This is a race of coins, not a fee table.
IBIT · BlackRock+789,326.91 BTC
Last 30d +33,956.49 BTC · +$64.02B since launch
GBTC · Grayscale−455,952.72 BTC
Last 30d −3,775.24 BTC · −$27.84B since launch
FBTC · Fidelity+172,831.92 BTC
Last 30d +425.95 BTC · +$10.06B since launch
BITB · Bitwise+38,257.17 BTC
Last 30d +1,158.69 BTC · +$2.10B since launch
BTC · Grayscale+35,947.33 BTC
Last 30d +2,610.72 BTC · +$2.92B since launch
ARKB · ARK / 21Shares+31,148.15 BTC
Last 30d −2,979.02 BTC · +$1.08B since launch
HODL · VanEck+13,104.25 BTC
Last 30d −729.05 BTC · +$1.01B since launch
MSBT · Morgan Stanley+8,052.08 BTC
Last 30d +1,221.82 BTC · +$572.52M since launch
Session record
Newest first. BTC is dollars divided by that session's bitcoin close.
Biggest in Nov 7, 2024 +$1.37BBiggest out Feb 25, 2025 −$1.11B
| Date | BTC | USD | vs issuance | IBIT | Phase |
|---|---|---|---|---|---|
| Sep 17, 2026 | +2,084.36 BTC | +$159.45M | 4.63× | +$183.66M | After T+500 |
| Sep 16, 2026 | −3,889.11 BTC | −$295.98M | -8.64× | −$144.11M | After T+500 |
| Sep 15, 2026 | −5,934.6 BTC | −$450.33M | -13.19× | −$161.69M | After T+500 |
| Sep 14, 2026 | +2,023.42 BTC | +$160.04M | 4.50× | +$134.35M | After T+500 |
| Sep 11, 2026 | −171.89 BTC | −$13.29M | -0.38× | −$19.23M | After T+500 |
| Sep 10, 2026 | −3,657.86 BTC | −$282.56M | -8.13× | −$24.46M | After T+500 |
| Sep 9, 2026 | −1,535.17 BTC | −$120.24M | -3.41× | −$19.53M | After T+500 |
| Sep 8, 2026 | −594.36 BTC | −$46.65M | -1.32× | +$10.66M | After T+500 |
| Sep 4, 2026 | +2,190.16 BTC | +$174.60M | 4.87× | +$117.38M | After T+500 |
| Sep 3, 2026 | +8,970.4 BTC | +$730.87M | 19.93× | +$453.96M | After T+500 |
| Sep 2, 2026 | +1,307.16 BTC | +$101.15M | 2.90× | +$115.45M | After T+500 |
| Sep 1, 2026 | −3,054.41 BTC | −$236.46M | -6.79× | −$201.18M | After T+500 |
| Aug 31, 2026 | +2,748.39 BTC | +$216.70M | 6.11× | +$205.91M | After T+500 |
| Aug 28, 2026 | −2,607.19 BTC | −$201.81M | -5.79× | −$33.40M | After T+500 |
| Aug 27, 2026 | +3,024.27 BTC | +$242.24M | 6.72× | +$277.61M | After T+500 |
| Aug 26, 2026 | +2,958.84 BTC | +$232.12M | 6.58× | +$200.76M | After T+500 |
| Aug 25, 2026 | +4,019.87 BTC | +$314.37M | 8.93× | +$284.42M | After T+500 |
| Aug 24, 2026 | +4,276.82 BTC | +$337.56M | 9.50× | +$208.93M | After T+500 |
| Aug 21, 2026 | +3,967.55 BTC | +$307.45M | 8.82× | +$239.28M | After T+500 |
| Aug 20, 2026 | +8,344.79 BTC | +$606.29M | 18.54× | +$502.99M | After T+500 |
| Aug 19, 2026 | +7,489.14 BTC | +$517.19M | 16.64× | +$284.74M | After T+500 |
How to read this (and why it is not CoinGlass)
- Coins, then dollars. A $400M print at $40k is a different event from $400M at $90k. The hero number is BTC.
- Issuance is the yardstick. After 20 April 2024 miners create 450 BTC/day. If ETFs take more than that, they are shrinking liquid supply.
- Holdings ≠ since-launch flow. GBTC already held a large stack before conversion. AUM / price estimates current holdings; cumulative BTC is only post-launch creations minus redemptions.
- Cycle context. Flows are split across the 2024 T-500 window, the hold through T+500, and the wait for the next buy date.
Bitcoin ETF flow questions
Flows are a tape. BTC500 is a date.
Use this board to see whether institutions are absorbing coins. Use the simulator to see what buying 500 days before a halving actually returned.
Open the simulatorData: TFTC — tftc.io/bitcoin-etf-flows. SoSoValue (daily aggregates and per-fund flows); issuer disclosures as tabulated by Farside Investors (per-fund history through mid-2026); mempool.space (BTC price, ~21:00 UTC mark). Source · CC BY 4.0. Figures can revise after the US cash close.