比特幣 ETF、資金外流和客戶需求：紐約紀要

比特幣 ETF 面臨資金流出，但客戶對加密產品的需求仍然強勁。這是怎麼回事？

Alright, New Yorkers, let's talk Bitcoin ETFs. It's been a rollercoaster, with significant outflows hitting the market. But don't let that fool you; the underlying story is more nuanced than a Times Square hustle.

好吧，紐約人，讓我們來談談比特幣 ETF。這就像坐過山車一樣，大量資金外流湧入市場。但不要讓這欺騙了你；背後的故事比時代廣場的喧囂更加微妙。

Bitcoin ETF Outflows: What Happened?

比特幣 ETF 資金流出：發生了什麼？

This past week, U.S. spot Bitcoin ETFs experienced a sharp downturn, recording over $1.2 billion in outflows. Bitcoin's price took a tumble, sliding from over $115,000 to below $104,000. BlackRock’s iShares Bitcoin Trust saw the largest withdrawal, losing $268.6 million. Fidelity and Grayscale also felt the pinch. Blame it on profit-taking and market jitters.

上週，美國現貨比特幣 ETF 經歷了急劇下滑，資金流出超過 12 億美元。比特幣的價格暴跌，從 115,000 美元以上跌至 104,000 美元以下。貝萊德 (BlackRock) 的 iShares 比特幣信託 (iShares Bitcoin Trust) 的撤資規模最大，損失 2.686 億美元。富達和灰度也感受到了壓力。將其歸咎於獲利了結和市場不安。

Schwab Says: Crypto's Still Hot!

施瓦布說：加密貨幣仍然很熱門！

Despite the ETF bloodbath, Charles Schwab is singing a different tune. CEO Rick Wurster says their clients hold 20% of all U.S. crypto ETPs, and visits to Schwab's crypto site are up 90% year-over-year. They’re even planning spot crypto trading by 2026. Translation: long-term interest remains strong, even if some folks are running for the exits right now.

儘管 ETF 慘遭洗劫，嘉信理財 (Charles Schwab) 卻唱出了不同的曲調。首席執行官 Rick Wurster 表示，他們的客戶持有美國所有加密貨幣 ETP 的 20%，施瓦布加密貨幣網站的訪問量同比增長 90%。他們甚至計劃到 2026 年進行現貨加密貨幣交易。換句話說：即使有些人現在正在尋求退出，長期利益仍然強勁。

October's Rare Downturn

十月罕見的低迷

Historically, October's been good to Bitcoin. But this year? Not so much. Bitcoin's down about 6% this month. Analysts point to broader market conditions and caution after Bitcoin’s earlier surge. But hey, some are still betting on a late-October rebound, fueled by potential Fed rate cuts.

從歷史上看，十月對比特幣來說是有利的。但今年呢？沒那麼多。比特幣本月下跌約 6%。分析師指出，在比特幣早些時候飆升後，更廣泛的市場狀況和謹慎態度。但是，嘿，一些人仍然押注在美聯儲可能降息的推動下，十月下旬會出現反彈。

Institutional Interest: Still a Big Deal

機構利益：仍然很重要

Even with the recent outflows, remember that Bitcoin ETFs have attracted billions since their launch. That says something about sustained appetite from both retail and institutional investors. Temporary dips don’t erase the big picture.

即使最近資金流出，請記住，比特幣 ETF 自推出以來已吸引了數十億美元。這說明了散戶和機構投資者的持續興趣。暫時的下跌不會抹去大局。

BlackRock's Take: Client Demand is King

貝萊德的觀點：客戶需求為王

BlackRock’s digital assets head, Robbie Mitchnick, emphasized that client demand is a key factor in deciding whether to launch a crypto-related ETF. This approach highlights a strategic focus on aligning products with actual investor needs and market trends.

貝萊德數字資產主管 Robbie Mitchnick 強調，客戶需求是決定是否推出加密貨幣相關 ETF 的關鍵因素。這種方法強調了將產品與實際投資者需求和市場趨勢保持一致的戰略重點。

So, What's the Real Deal?

那麼，真正的交易是什麼？

Here's my two cents: Bitcoin's volatile. ETFs will see outflows during downturns. But underlying interest in crypto isn't going anywhere. Big players like Schwab and BlackRock are still building for the future. Don't let the short-term noise distract you from the long-term trend.

這是我的兩分錢：比特幣波動很大。 ETF 在經濟低迷時期將會出現資金流出。但人們對加密貨幣的潛在興趣並沒有消失。像施瓦布和貝萊德這樣的大公司仍在為未來而努力。不要讓短期噪音分散您對長期趨勢的注意力。

Think of it this way: It's like waiting for the subway. Sometimes there are delays, and the platform gets crowded. But the train always comes eventually, right?

可以這樣想：就像等地鐵一樣。有時會出現延誤，站台變得擁擠。但火車總會來的，對嗎？

Until next time, keep your eyes on the market and your wits about you!

直到下一次，請繼續關注市場並發揮您的智慧！