Etfs ETF MVRV ETF MVRV
Bitcoin
This tracks the average cost basis of ETF inflows and the resulting ETF-holder MVRV ratio.
Why it matters
It shows the aggregate break-even price of ETF investors and their unrealized profitability.
How it is built
Cumulative ETF inflows are used to compute an average entry price; MVRV divides current price by it.
What to watch
Price above the ETF cost basis keeps institutional holders in profit; below it raises redemption risk.