美國現貨比特幣 ETF 的需求已達到六個月來的最高水平

ETF 持有量的大幅增加證實了機構投資者重新燃起了興趣，市場參與者希望這能促進價格進一步上漲。

Demand for U.S. spot Bitcoin ETFs has reached its highest level in six months, with net inflows totaling 64,962 BTC over the past 30 days.

美國現貨比特幣 ETF 的需求已達到六個月來的最高水平，過去 30 天淨流入總計 64,962 BTC。

Ki Young Ju, the founder of CryptoQuant, highlighted this significant trend in a post on X today. This surge indicates that the U.S. Bitcoin ETF market has seen a remarkable $4.39 billion in new capital over the past month.

CryptoQuant 的創始人 Ki Young Ju 今天在 X 上的一篇文章中強調了這一重要趨勢。這一激增表明，美國比特幣 ETF 市場在過去一個月中新增資本達到了驚人的 43.9 億美元。

The last comparable record was noted in April when Bitcoin traded above $72,000. The subsequent bearish trend in Bitcoin’s price performance was also reflected in ETF flows.

最後一個可比記錄是在 4 月份，當時比特幣交易價格超過 72,000 美元。隨後比特幣價格表現的看跌趨勢也反映在 ETF 流量上。

Specifically, spot Bitcoin ETFs experienced a decline in holdings for most of May, coinciding with Bitcoin’s initial retracement below $56,000. However, this trend quickly reversed, with positive inflows reaching monthly highs from June to August before another downturn began in early September.

具體來說，現貨比特幣 ETF 的持股在 5 月的大部分時間裡都在下降，與比特幣最初回撤到 56,000 美元以下的時間一致。然而，這一趨勢很快就發生逆轉，6 月至 8 月的正資金流入達到月度高點，隨後 9 月初又開始出現低迷。

This bearish trend shifted on September 18, when the U.S. economy welcomed a historic interest rate cut, making investments in crypto assets more attractive. Since then, the positive inflow to Bitcoin ETFs has continued, recently reaching a six-month high.

這種看跌趨勢在 9 月 18 日發生轉變，當時美國經濟迎來了歷史性的降息，使得加密資產的投資更具吸引力。此後，比特幣 ETF 的持續積極流入，最近達到了六個月高點。

The massive uptick in ETF holdings confirms renewed interest from institutional investors, with market participants hopeful that this could catalyze further price gains.

ETF 持有量的大幅增加證實了機構投資者重新燃起了興趣，市場參與者希望這能促進價格進一步上漲。

During this period, Bitcoin’s price surged by 20%, rising from around $57,000 to just below $70,000. On Monday, when Bitcoin reached $69,500, Bitcoin ETFs saw net inflows of $294.3 million, with BlackRock’s IBIT experiencing a massive positive flow of $329 million.

在此期間，比特幣的價格飆升了 20%，從 57,000 美元左右升至略低於 70,000 美元。週一，當比特幣觸及 69,500 美元時，比特幣 ETF 淨流入 2.943 億美元，其中貝萊德的 IBIT 淨流入 3.29 億美元。

Other ETFs, such as the Bitwise Bitcoin ETF, recorded negative flows of $22.1 million, while Ark Invest’s ETF saw a decline of $6.1 million. The Invesco Galaxy Bitcoin ETF and Franklin Bitcoin ETF had no new inflows.

Bitwise 比特幣 ETF 等其他 ETF 錄得 2,210 萬美元的負流量，而 Ark Invest 的 ETF 則下跌 610 萬美元。 Invesco Galaxy 比特幣 ETF 和 Franklin 比特幣 ETF 沒有新的資金流入。

Despite the crypto market losing some bullish momentum, as evidenced by Bitcoin’s ongoing correction, the trend of inflows to Bitcoin ETFs remains positive.

儘管加密貨幣市場失去了一些看漲勢頭，比特幣的持續調整證明了這一點，但比特幣 ETF 的資金流入趨勢仍然積極。

As of Thursday, the U.S. market recorded $188 million in net inflows, led by BlackRock’s $165.5 million and Fidelity’s $29.6 million. Other funds posted no new investments, while Grayscale experienced a drain of $7.1 million.

截至週四，美國市場錄得 1.88 億美元的淨流入，其中貝萊德 (BlackRock) 的淨流入為 1.655 億美元，富達 (Fidelity) 的淨流入為 2,960 萬美元。其他基金沒有發布新的投資，而 Grayscale 則流失了 710 萬美元。

Additionally, a net flow of $192 million was observed on Wednesday. A negative trend was recorded on Tuesday, coinciding with Bitcoin’s drop to $65,000. Cumulatively, U.S. Bitcoin ETFs have seen $21.6 billion in inflows since January, making it the fastest-growing ETF market in this decade.

此外，週三淨流量為 1.92 億美元。週二出現了負面趨勢，恰逢比特幣跌至 65,000 美元。自 1 月以來，美國比特幣 ETF 累計資金流入達 216 億美元，使其成為近十年來成長最快的 ETF 市場。