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ETF flows and AUM

ETF flows are the cleanest US-buyer signal in crypto. Three panels cover the read: net flows per day, total assets under management over time, and ETF premium / discount versus spot. Together they tell you who's buying, how committed they are, and what they're paying for it.

ETFFLOW, daily net flows

The ETFFLOW panel surfaces daily net inflows (positive) and outflows (negative) for spot BTC and ETH ETFs, aggregated across issuers (BlackRock IBIT, Fidelity FBTC, Bitwise BITB, Grayscale GBTC, etc.). Plotted as a bar chart over time with a 7-day rolling sum overlay.

Reading the signal:

  • Sustained net inflows (multi-week positive 7-day rolling) = persistent US institutional bid. The cleanest structural support read available.
  • Sudden large outflow = ETF holders de-risking. Often coincides with broader risk-off macro.
  • Outflows during a price rally = retail FOMO without institutional confirmation. Often a local-top signal.
  • Inflows during a price decline = accumulation into weakness. Often a bottom signal.

ETFAUM, total assets under management

The ETFAUM panel plots total assets under management across the spot crypto ETFs over time. Combines price appreciation and net flows; tells you the cumulative size of the ETF wrapper.

AUM is structural. Net flows tell you what changed today; AUM tells you the cumulative size that's been built. The larger AUM gets, the more "sticky" the holdings become, long-tail allocators don't flip in and out weekly.

ETFPREM, premium / discount

The ETFPREM panel plots the ETF price minus its NAV (net asset value), expressed as a percentage. Positive = ETF trading at a premium to its underlying holdings; negative = trading at a discount.

  • Sustained positive premium = strong demand for the ETF wrapper specifically. Authorised participants arbitrage this away by creating new shares (which forces them to buy underlying, bullish for spot).
  • Sustained discount = waning demand or redemptions. APs redeem (force selling of underlying, bearish for spot).
  • Premium spikes on intraday timeframes are usually noise; the multi-day persistence is the read.

How to use the three together

  1. ETFFLOW for the signal, daily flow direction and magnitude.
  2. ETFAUM for the regime, is the wrapper growing structurally, or is this round-tripping?
  3. ETFPREM for the demand quality, are buyers paying up for the wrapper (bullish), or is the wrapper trading cheap (bearish)?
Open in the pro terminal
  • ETFFLOWDaily net flows for spot crypto ETFs.
  • ETFAUMTotal ETF assets under management over time.
  • ETFPREMETF premium / discount to NAV.