加密貨幣資產基金淨流入！

12 月 18 日聯準會降息後的一週內，全球數位資產交易所交易產品 (ETP) 出現資金流出。

Global digital asset exchange traded products (ETPs) saw outflows in the week following the Federal Reserve’s interest rate cut on 18 December. However, despite increased market volatility, it recorded a net inflow of $308 million last week.

12 月 18 日聯準會降息後的一週內，全球數位資產交易所交易產品 (ETP) 出現資金流出。然而，儘管市場波動加劇，上週仍錄得淨流入3.08億美元。

CoinShares Head of Research James Butterfill said that despite the overall net inflows for digital asset ETPs last week, large market outflows towards the end of last week should not go unnoticed.

CoinShares 研究主管 James Butterfill 表示，儘管上週數位資產 ETP 整體出現淨流入，但上週末市場的大量資金流出不應被忽視。

“Net inflows masked the largest single-day outflows on 19 December of $576 million with total outflows in the last two days of the week reaching $1 billion.”

“淨流入掩蓋了 12 月 19 日單日最大流出額 5.76 億美元，本週最後兩天的總流出額達到 10 億美元。”

Bitcoin saw a net inflow of $375 million during the week. Leading altcoin Ethereum added $51 million.

比特幣本週淨流入 3.75 億美元。領先的山寨幣以太幣增加了 5,100 萬美元。

Solana (SOL Coin) saw an outflow of $8.7 million, according to CoinShares data. Meanwhile, Litecoin (LTC), Cardano (ADA), Chainlink (LINK) also saw inflows.

根據 CoinShares 數據，Solana（SOL Coin）流出了 870 萬美元。同時，萊特幣（LTC）、卡爾達諾（ADA）、Chainlink（LINK）也出現了資金流入。

The net inflows highlighted continued institutional interest in digital assets amid the changing macroeconomic landscape. However, multi-asset investment products saw more pronounced outflows, totaling $121 million, according to Butterfill.

淨流入凸顯了在宏觀經濟格局不斷變化的情況下機構對數位資產的持續興趣。然而，根據 Butterfill 的數據，多元資產投資產品的資金外流更為明顯，總計 1.21 億美元。

“Many altcoins continue to see inflows, such as XRP at $8.8 million, Horizen at $4.8 million and Polkadot at $1.9 million, but these trends show that investors are becoming more selective within the digital asset market.”

「許多山寨幣繼續出現資金流入，例如 XRP 為 880 萬美元，Horizen 為 480 萬美元，Polkadot 為 190 萬美元，但這些趨勢表明投資者在數位資產市場中變得更加挑剔。”

The press conference held by the Fed after its 18 December meeting influenced market movements, according to Butterfill. As you follow on Kriptokoin.com, Fed Chairman Jerome Powell’s comments after the meeting triggered risk-off sentiment in the markets.

Butterfill 表示，聯準會 12 月 18 日會議後舉行的新聞發布會影響了市場趨勢。正如您在 Kriptokoin.com 上關注的那樣，聯準會主席鮑威爾在會議後的言論引發了市場的避險情緒。

Among the key highlights were the Fed’s upward revision of 2025 core PCE inflation forecasts from 2.2% to 2.5%. Furthermore, the Fed signaled only two rate cuts in 2025, down from the four cuts previously projected.

主要亮點之一是聯準會將 2025 年核心 PCE 通膨預測從 2.2% 上調至 2.5%。此外，聯準會表示 2025 年僅降息兩次，低於先前預期的四次降息。

According to OTC trading desk analysts at Wintermute, the market decline, which began in the middle of last week, mirrored losses in equities and bonds as investors adjusted their risk exposures ahead of the low-liquidity holiday period.

Wintermute 場外交易櫃檯分析師表示，自上周中旬開始的市場下跌反映了股票和債券的損失，因為投資者在低流動性假期之前調整了風險敞口。

Derivatives traders maintained their bets on lower token prices in the form of puts, noted Wintermute analysts.

Wintermute 分析師指出，衍生性商品交易員以看跌選擇權的形式維持對較低代幣價格的押注。