比特幣（BTC）未能滿足預期作為安全資產 - 加密每天

本文僅用於信息目的。它不提供或打算用作法律，稅收，投資，財務或其他建議

Crypto Daily - Global uncertainty has pushed traders toward traditional safe-havens, leading to massive inflows into gold ETFs and outflows from Bitcoin ETFs in the first quarter of 2025, according to JPMorgan (NYSE:JPM) analysts.

Crypto Daily-全球不確定性已將交易者推向了傳統的避風港，從而導致2025年第一季度從比特幣ETF中大量流入了Bitcoin ETF的流出。

Key Takeaways:

關鍵要點：

* World Gold Council data, cited in a recent report by JPMorgan, shows that gold ETFs globally registered net inflows of $21.1 billion in Q1 2025.

*摩根大通最近的一份報告中引用了世界黃金委員會的數據，該報告表明，在2025年第1季度，全球登記的淨流入淨流入為211億美元。

* Among this, China and Hong Kong together contributed $2.3 billion in inflows, making up 16% of total gold ETF assets under management.

*其中，中國和香港共同貢獻了23億美元的流入，佔管理總資產總資產的16％。

* In stark contrast, Bitcoin ETFs saw outflows for the third consecutive month, highlighting a divergence in investor sentiment toward crypto and traditional safe-havens.

*與之形成鮮明對比的是，比特幣ETF連續第三個月看到了流出，突出了投資者對加密貨幣和傳統避風港的情緒的分歧。

* Despite the narrative of Bitcoin as a new-age safe-haven asset, the analysts noted that it failed to attract any significant inflows during a period of heightened market turbulence.

*儘管比特幣是一種新時代的安全資產，但分析師指出，在市場湍流時期，它未能吸引任何重大流入。

* Instead, traders flocked toward traditional havens like U.S. Treasuries, Swiss franc, and yen, aggregating net inflows of $156 billion, $30 billion, and $28 billion respectively.

*取而代之的是，貿易商蜂擁而至，如美國國債，瑞士法郎和日元等傳統避風港，分別淨流入1560億美元，300億美元和280億美元。

The report highlights a preference shift among traders as they navigate global uncertainties. While China's speculative appetite for Bitcoin appears to be waning, Hong Kong saw the largest outflows from Bitcoin ETFs in Q1 2025.

該報告強調了交易者在全球不確定性方面的偏好轉變。儘管中國對比特幣的投機性食慾似乎正在減弱，但香港看到了第1季度2025年比特幣ETF的最大外流。

Moreover, the analysts observed that Bitcoin’s price movements suggest a lack of support at the $62,000 level, which could be viewed as a key psychological barrier in the near term.

此外，分析師觀察到，比特幣的價格變動表明缺乏62,000美元的支持，這可以在短期內將其視為關鍵的心理障礙。

The report comes amid a period of macroeconomic instability, with traders seeking stability in traditional assets over cryptocurrencies, at least for the moment. However, the narrative might change if Bitcoin manages to reclaim its role as a better safe-haven asset, a feat yet to be achieved.

該報告是在宏觀經濟不穩定時期的，交易者至少目前在傳統資產中尋求穩定性。但是，如果比特幣設法收回其作為更好的安全資產的作用，敘述可能會改變，這是尚未實現的壯舉。

The post Bitcoin failed to meet expectations as a safe-haven asset - JPMorgan appeared first on Crypto Daily

比特幣後，比特幣未能達到避免資產的期望-JPMorgan首先出現在Crypto Daily

Should you invest $2,000 in JPM right now?

您現在應該向JPM投資2,000美元嗎？

ProPicks AI are 6 model portfolios created by Investing.com which identify the best stocks for investors to buy now. The stocks that made the cut could produce monster returns in the coming years.

Propicks AI是Investing.com創建的6個模型投資組合，它確定了現在購買投資者的最佳股票。裁員的股票可能會在未來幾年產生怪物回報。

And JPM makes the cut in 1 model portfolio.

JPM將其切成1個模型組合。

See which stocks other models picked here.

查看這裡選擇的其他型號。

As part of its coverage of the first quarter earnings reports, JPMorgan (NYSE:JPM) noted that World Gold Council data showed that gold ETFs globally registered net inflows of 21.1 billion in Q1 2025. Of this, China and Hong Kong together contributed 2.3 billion in inflows and 16 percent of total gold ETF assets under management. In stark contrast, Bitcoin ETFs saw outflows for the third consecutive month (1.3 billion in total), highlighting a divergence in investor sentiment.

作為對第一季度收益報告的報導的一部分，摩根大通（NYSE：JPM）指出，世界黃金委員會的數據表明，在第1季度，全球登記的Gold ETF在全球籌集的淨流入量為211億。與之形成鮮明對比的是，比特幣ETF連續第三個月看到了外流（總共13億），強調了投資者情緒的分歧。

suggest that traders preferred traditional havens during the quarter. Indeed, U.S. Treasuries attracted net inflows of 156 billion, Swiss franc saw 30 billion in inflows, and yen had net inflows of 28 billion. China also saw outflows from North Sea Brent crude and WTI crude, amounting to 20.4 billion and 14.8 billion respectively.

暗示交易者在本季度更喜歡傳統的避風港。確實，美國國債吸引了1560億美元的淨流入，瑞士法郎的流入300億，日元流入280億。中國還看到了北海布倫特原油和WTI原油的流出，分別為204億和148億。

Hong Kong on the other hand saw the largest outflows from Bitcoin ETFs in Q1 2025.

另一方面，香港在Q1 2025中看到了比特幣ETF的最大流出。

Moreover, the analysts observed that Bitcoin’s price movements suggest a lack of support at the 62,000 level, which could be viewed as a key psychological barrier in the near term.

此外，分析師觀察到，比特幣的價格變動表明在62,000級缺乏支持，可以將其視為短期內的關鍵心理障礙。

The report comes amid a period of macroeconomic instability, with traders showing a preference for traditional assets over crypto in the present instance. However, the narrative might change if Bitcoin manages to reclaim its role as a better safe-haven asset, a feat yet to be achieved.

該報告是在宏觀經濟不穩定時期出現的，在當前情況下，交易者表現出對傳統資產而不是加密貨幣的偏愛。但是，如果比特幣設法收回其作為更好的安全資產的作用，敘述可能會改變，這是尚未實現的壯舉。

The post Global uncertainty drove traders toward traditional safe-havens in Q1 - JPMorgan appeared first on Crypto Daily.

全球不確定性促使交易者進入第1季度的傳統避風港 - 摩根大通（JPMorgan）首先出現在加密日報上。