比特幣 ETF 因創紀錄的資金外流而遭受重創

比特幣交易所交易基金（ETF）經歷了 5.63 億美元的大規模流出，創下了創紀錄的負數。貝萊德的 IBIT ETF 首次錄得資金流入，而灰階的 GBTC 則大幅流出。富達的FBTC也面臨大量資金流出，損失超過了GBTC。這一令人震驚的趨勢表明，儘管 IBIT 的流入量創歷史新高，但比特幣 ETF 的需求正在減弱。行業專家淡化了問題的嚴重性，指出貝萊德 ETF 今年迄今的強勁表現，並強調 ETF 流入和流出的波動性質。

Bitcoin Exchange-Traded Funds Plunge Amid Mass Outflows

比特幣交易所交易基金因大規模資金外流而暴跌

Bitcoin exchange-traded funds (ETFs) have experienced a significant decline in demand, recording record-breaking outflows totaling $563 million in a single day. This unprecedented level of redemptions signals waning investor confidence in crypto-based investment vehicles.

比特幣交易所交易基金（ETF）的需求大幅下降，單日流出總額達到創紀錄的 5.63 億美元。這種前所未有的贖回水準表明投資者對基於加密貨幣的投資工具的信心正在減弱。

BlackRock's IBIT ETF, which has faced criticism for its high expense ratio, witnessed the largest outflows, losing approximately $37 million. Grayscale's GBTC also recorded substantial redemptions of roughly $167.4 million.

貝萊德旗下的 IBIT ETF 因其高費用率而受到批評，資金流出規模最大，損失約 3,700 萬美元。 Grayscale 的 GBTC 也錄得約 1.674 億美元的巨額贖回。

Adding to the downward trend, Fidelity's FBTC ETF experienced massive outflows of $191 million, outperforming the dismal performance of GBTC. Notably, not a single Bitcoin ETF recorded inflows on Wednesday, indicating an alarming drop in demand for these investment products.

富達 (Fidelity) 的 FBTC ETF 經歷了 1.91 億美元的大規模流出，令下跌趨勢雪上加霜，表現優於 GBTC 的慘淡表現。值得注意的是，週三沒有一隻比特幣 ETF 錄得資金流入，這表明對這些投資產品的需求出現了驚人的下降。

Despite the seemingly disastrous numbers, industry experts downplay the severity of the situation. Nate Geraci, president of ETF Store, emphasized that BlackRock's ETF has attracted over $15 billion in inflows year-to-date, a significant sum.

儘管數字看似災難性，但行業專家淡化了情況的嚴重性。 ETF Store總裁Nate Geraci強調，貝萊德的ETF今年迄今已吸引超過150億美元的資金流入，這是一個巨大的數字。

Geraci further noted that gold ETFs have experienced substantial outflows this year, despite gold's 16% gain in 2024. "This is what ETFs do. Inflows don’t go up in a straight line," he stated.

Geraci 進一步指出，儘管黃金在 2024 年上漲了 16%，但今年黃金 ETF 仍經歷了大幅資金流出。

Bloomberg reported earlier this week that Bitcoin ETFs had begun to exhibit signs of stress, with significant discounts emerging in relation to the underlying asset's value. James Seyffart, a prominent ETF analyst, expressed concerns that these funds did not present a "good look" to investors. However, he acknowledged that such dislocations can occur during periods of high volatility.

彭博社本週稍早報道稱，比特幣 ETF 已開始表現出壓力跡象，相對於標的資產的價值出現了大幅折扣。著名 ETF 分析師詹姆斯·塞法特 (James Seyffart) 表示擔心這些基金沒有向投資者展示「良好的外觀」。然而，他承認這種錯位可能會在高波動時期發生。

As of writing, Bitcoin is trading at $57,387, according to CoinGecko data. The recent outflows from Bitcoin ETFs raise questions about the long-term viability of these investment vehicles, particularly in light of the broader market uncertainty surrounding cryptocurrency assets.

根據 CoinGecko 數據，截至撰寫本文時，比特幣交易價格為 57,387 美元。最近比特幣 ETF 的資金流出引發了人們對這些投資工具的長期生存能力的質疑，特別是考慮到圍繞加密貨幣資產的更廣泛的市場不確定性。