ETF & Treasury Flows
Who is buying Bitcoin and how fast? Treasury companies like Strategy (MSTR), Metaplanet and Twenty One Capital hold Bitcoin as a strategic balance-sheet position. The chart shows daily accumulation as green bars, with BTC price as an orange reference line. Next to it are the daily net flows of US spot Bitcoin ETFs (SoSoValue), as holdings and as weekly bars. Treasury history monthly since 2022-12 (Wayback Machine), daily since 2026-05-15.
- Formula:
- daily_flow_btc = holdings_today โ holdings_yesterday ยท usd_value = daily_flow_btc ร spot_price
- Originator:
- BitcoinTreasuries.net (Treasury) ยท SoSoValue (ETF)
- Data source:
- BitcoinTreasuries.net Daily Snapshot ยท SoSoValue US Spot Bitcoin ETF Flows
Strategies to backtest
Thematically related strategies from our library โ try them in the backtest engine or read up on the methodology.
The benchmark for everything else โ buy on day one, hold forever. The reference every strategy is measured against.
Open strategy โBuy a fixed amount on a fixed schedule โ week after week, regardless of price. Smooths volatility, removes timing decisions.
Open strategy โMore Bitcoin indicators
Is crypto-internal liquidity expanding or contracting? Stablecoin supply, spot-ETF flows and realized-cap change as 30-day impulses on one percentile scale โ with breadth, dispersion and a declared composition. A state, not a signal.
How stretched is Bitcoin against its usual means? Four distances as a rank within their own history, averaged โ and the reading "crossing above 30 = bottom" tested with a preregistered study.
Difference between market cap and realized cap, normalised by standard deviation. Values above 5 mark the top region (4 of 5 historical bull tops), below 0 every bottom.