Moves with Bitcoin

Which stocks and ETFs go up and down with bitcoin, in percent? Something that moves exactly with BTC has a flat price in sats: if BTC rises 5% and the share rises 5%, it still costs the same number of sats. Pick a time window; 1 year is the most reliable guide to the next few months.

1 year (daily returns) to Oct 8, 2026: bitcoin's volatility 45%, return -33.82%. Of 5,296 tickers with enough history, 143 correlate 0.5 or more and 9 are nearly flat in sats (under 10% a year).

Every ticker vs bitcoin

ETFsStocksADRs3,230 tickers · beta clipped to −2.5…3.5 · hover for numbers, click to open

Companies most tied to BTC

Stocks and ADRs trading $10M+ a day, 1Y

Least tied: hedges

Lowest correlation. Not flat in sats: they swing against BTC's moves.


BITBETFBitwise Bitcoin ETF	99	1.00	1.00	1.00	0.8%	0.7%	-0.25%	-33.98%	$38.9M
GBTCETFGrayscale Bitcoin Trust ETF	99	1.00	1.00	1.00	0.8%	0.7%	-1.47%	-34.79%	$89.1M
ARKBETFARK 21Shares Bitcoin ETF	99	1.00	1.00	1.00	0.9%	0.9%	-0.15%	-33.92%	$34.4M
HODLETFVanEck Bitcoin ETF	99	1.00	1.00	1.00	1.0%	1.0%	0.00%	-33.82%	$18.1M
FBTCETFFidelity Wise Origin Bitcoin Fund	99	1.00	1.00	1.00	1.0%	1.0%	-0.23%	-33.97%	$203.1M
IBITETFiShares Bitcoin Trust ETF	99	1.00	1.01	1.00	1.1%	1.1%	-0.23%	-33.97%	$1.7B
BITOETFProShares Bitcoin ETF	91	0.98	1.02	0.96	9.8%	9.7%	-18.96%	-46.37%	$837.2M
BTCIETFNEOS Bitcoin High Income ETF	87	0.97	0.88	0.94	11%	9.7%	-20.99%	-47.71%	$15.7M
ETHETFGrayscale Ethereum Staking Mini ETF Shares	69	0.92	1.30	0.84	29%	25%	-16.58%	-44.79%	$48.4M
ETHEETFGrayscale Ethereum Staking ETF Shares	69	0.92	1.29	0.84	29%	26%	-19.63%	-46.81%	$37.9M
TETHETF21Shares Ethereum Staking ETF	68	0.92	1.30	0.84	29%	25%	-17.75%	-45.57%	$17M
FETHETFFidelity Ethereum Fund	68	0.92	1.30	0.84	29%	26%	-17.84%	-45.63%	$35.1M
ETHWETFBitwise Ethereum ETF	68	0.92	1.30	0.84	29%	26%	-17.86%	-45.64%	$11M
ETHAETFiShares Ethereum Trust ETF	68	0.92	1.31	0.84	29%	25%	-17.90%	-45.66%	$526.8M
BSOLETFBitwise Solana Staking ETF	58	0.87	1.38	0.76	39%	35%	-18.21%since 2025-10	-41.21%	$40.6M
GSOLETFGrayscale Solana Staking ETF Shares	58	0.87	1.38	0.76	39%	35%	-20.15%since 2025-10	-41.03%	$22M
BLOKETFAmplify Blockchain Technology ETF	56	0.73	0.66	0.53	32%	28%	+20.20%	-20.45%	$10.5M
HOODRobinhood Markets	54	0.64	1.01	0.41	55%	55%	+7.18%	-29.07%	$2B
BLSHBullish	53	0.64	1.04	0.41	57%	57%	-29.59%	-53.40%	$38.7M
COINCoinbase	53	0.79	1.25	0.63	45%	44%	-32.89%	-55.59%	$1.3B
SBETSharplink, Inc. Common Stock	51	0.84	1.46	0.71	47%	42%	-24.23%	-49.86%	$56.2M
MSTRStrategy Inc	51	0.86	1.52	0.73	48%	42%	-30.81%	-54.21%	$2.6B
RIOTRiot Platforms, Inc. Common Stock	50	0.54	1.04	0.29	74%	74%	+15.72%	-23.42%	$344.3M
QUBTQuantum Computing Inc. Common	50	0.50	1.01	0.25	78%	78%	-45.93%	-64.22%	$63.8M
BITXETF2x Bitcoin ETF	50	1.00	2.02	1.00	46%	4.9%	-55.70%	-70.68%	$156.5M
MARAMARA Holdings, Inc. Common Stock	49	0.65	1.22	0.42	66%	65%	-25.87%	-50.94%	$483.2M
BITUETFProShares Ultra Bitcoin ETF	49	0.97	2.02	0.94	52%	23%	-64.37%	-76.42%	$50.7M
WGMIETFCoinShares ETF Trust CoinShares Bitcoin Mining and Digital Power ETF	48	0.51	0.94	0.26	71%	71%	+9.77%	-27.36%	$28.2M
BMNRBitMine Immersion Technologies, Inc.	48	0.84	1.69	0.71	58%	49%	-39.46%	-59.93%	$785.8M
BTBTBit Digital, Inc. Ordinary Shares	48	0.65	1.28	0.43	68%	67%	-49.13%	-66.34%	$36.9M
HUTHut 8 Corp. Common Stock	47	0.42	1.00	0.18	97%	97%	+169.65%	+78.45%	$416.8M
SMRNuScale Power Corporation	47	0.44	0.98	0.20	89%	89%	-71.05%	-80.84%	$288.6M
BULLWebull Corporation Class A Ordinary Shares	47	0.59	0.83	0.35	52%	51%	-28.98%	-53.00%	$91.2M
CLSKCLEANSPARK INC	47	0.62	1.27	0.39	73%	72%	-15.37%	-43.99%	$242.6M
HIVEHIVE Digital Technologies Ltd. Common Shares	47	0.56	1.17	0.31	80%	79%	-40.85%	-60.86%	$41.9M
GLXYGalaxy Digital Inc. Class A Common Stock	47	0.67	1.36	0.45	70%	68%	-26.68%	-51.47%	$124M
QBTSD-Wave Quantum Inc. Common Stock	47	0.45	1.05	0.20	94%	94%	-35.59%	-57.37%	$259.9M
DGXXDigi Power X Inc. Subordinate Voting Shares	46	0.40	1.01	0.16	106%	106%	+80.53%	+19.48%	$10.6M
CRCLCircle Internet Group, Inc.	46	0.63	1.33	0.40	75%	74%	-18.81%	-46.27%	$894.3M
IRENIREN Limited Ordinary Shares	46	0.41	0.97	0.17	97%	97%	-10.20%	-40.57%	$1.6B
ARKKETFARK Innovation ETF	46	0.64	0.53	0.41	36%	29%	+43.05%	-5.33%	$371.8M
BTDRBitdeer Technologies Group Class A Ordinary Shares	46	0.46	1.09	0.21	96%	96%	-26.38%	-51.28%	$119.1M
RGTIRigetti Computing, Inc. Common Stock	45	0.43	0.93	0.18	89%	89%	-50.58%	-67.29%	$268.2M
TMCTMC the metals company Inc. Common Stock	45	0.44	0.90	0.20	82%	82%	-43.17%	-62.39%	$18.3M
PLTUETFDirexion Shares ETF Trust Direxion Daily PLTR Bull 2X ETF	45	0.38	0.96	0.14	107%	107%	-6.22%	-37.93%	$45.5M
OKLOOklo Inc.	45	0.43	0.91	0.19	86%	86%	-61.24%	-74.35%	$347.8M
JNUGETFDirexion Daily Junior Gold Miners Index Bull 2X ETF	45	0.38	0.96	0.14	107%	107%	+16.65%	-22.80%	$37.8M
CIFRCipher Digital Inc. Common Stock	45	0.39	0.95	0.15	103%	103%	+15.90%	-23.30%	$581.3M
IONQIonQ, Inc.	44	0.44	0.89	0.19	82%	82%	-19.77%	-46.90%	$749.4M
PTIRETFGraniteShares 2x Long PLTR Daily ETF	44	0.37	0.95	0.14	107%	107%	+10.20%	-27.07%	$51.6M

1–50 of 3,230

What "flat in sats" means

A share's price in sats is its dollar price divided by bitcoin's. In percent terms, its daily change in sats is (roughly) its change in dollars minus bitcoin's. So a spot bitcoin ETF, which owns a fixed amount of BTC per share, barely moves in sats: it only drifts down by its fee (IBIT: about −0.25% a year). A 2x bitcoin fund moves twice as much: in sats it swings as much as bitcoin does in dollars. Cash, or a stock that ignores bitcoin, does the same in reverse: it's "volatile" in sats because bitcoin is.

Correlation alone isn't enough: a stock can follow BTC's direction every day (correlation near 1) but by half as much (beta 0.5) and still fall in sats whenever BTC rises. Flat in sats needs both correlation ≈ 1 and beta ≈ 1.

The numbers

Correlation: of the share's returns in dollars with BTC's, from −1 (opposite) through 0 (unrelated) to 1 (same direction every time).
Beta: how big its moves are relative to BTC's: beta 1.5 means +1.5% on a day BTC gains 1%, on average.
Sats vol: the volatility of its price in sats (yearly standard deviation of its returns in sats, = its tracking error versus BTC). 0% = perfectly flat.
Score: 100 × (max(0, corr) + min(beta, 1/beta) + max(0, 1 − satsVol / btcVol)) / 3: 100 = moves exactly like BTC, 50 ≈ a 2x fund or a bitcoin miner, ~10-25 = the S&P 500, 0 = inverse funds.

Returns are log returns of daily closes (30D, 90D, 1Y) or of each week's last close (3Y, 5Y: less noise over long spans), split-adjusted, dividends not included. Each close is paired with BTC/USD at the same moment, the 16:00 New York close (Coinbase hourly candles); weekends and holidays are skipped, so a Friday-to-Monday return is compared with BTC's move over the same 72 hours. A window needs 90% of its sessions (recent listings show "since"). ⚠ = the window includes a one-day move beyond −40%/+67%, often a spin-off the data isn't adjusted for. Recomputed daily after the close. Correlation describes the past, not a promise about the future.