灰階比特幣 ETF 流入消失，資金流出重新控制

灰階比特幣信託 (GBTC) ETF 在 5 月流入了 6,690 萬美元，此後流出總額達到 7,200 萬美元，扭轉了短暫的正面趨勢。儘管有這些投資，GBTC 仍面臨每日資金外流，自成立以來平均資金外流為 2.11 億美元。值得注意的是，其他核准的比特幣 ETF 均保持正流入餘額，其中 iShares Bitcoin Trust 吸引了最高的投資，達 155 億美元。

Grayscale's Bitcoin ETF Inflows Evaporate as Outflows Regain Dominance

隨著流出重新佔據主導地位，灰階的比特幣 ETF 流入消失

Within a mere two days, the unprecedented surge in inflows into Grayscale's spot Bitcoin exchange-traded fund (ETF) abruptly ceased, giving way to a resurgence of outflows.

僅僅兩天之內，灰階現貨比特幣交易所交易基金（ETF）的前所未有的資金流入突然停止，取而代之的是資金流出的復甦。

The Grayscale Bitcoin Trust (GBTC) ETF, launched on January 11, had endured a protracted period of outflows, shedding over $17.5 billion in 78 consecutive days. However, a glimmer of hope emerged in May with inflows totaling $66.9 million, inspired by $63 million and $3.9 million investments on May 3 and 6, respectively.

1 月 11 日推出的灰階比特幣信託 (GBTC) ETF 經歷了長時間的資金流出，連續 78 天流失超過 175 億美元。然而，5 月出現了一線希望，受 5 月 3 日和 6 日分別投資 6,300 萬美元和 390 萬美元的刺激，流入總額達 6,690 萬美元。

Unfortunately, this positive trend proved ephemeral. On May 7 and 9, GBTC experienced outflows of $28.6 million and $43.4 million, respectively, effectively eroding the recent gains. Notably, Grayscale was the sole spot Bitcoin (BTC) ETF issuer to report outflows during this timeframe.

不幸的是，這種正面趨勢被證明是短暫的。 5 月 7 日和 9 日，GBTC 分別經歷了 2,860 萬美元和 4,340 萬美元的流出，有效侵蝕了近期的漲幅。值得注意的是，Grayscale 是在此期間唯一報告資金流出的現貨比特幣 (BTC) ETF 發行人。

The remaining nine Bitcoin ETFs approved by the United States Securities and Exchange Commission (SEC) either recorded positive inflows or remained neutral during the same period.

美國證券交易委員會（SEC）批准的其餘 9 隻比特幣 ETF 同期要麼錄得正資金流入，要麼保持中性。

Since its inception, the Grayscale Bitcoin Trust has faced a persistent daily loss of $211 million on average. However, inflows into the other ETFs have prevented the overall balance from slipping into negative territory, maintaining a positive $11.7 billion.

自成立以來，灰階比特幣信託基金持續面臨平均每日 2.11 億美元的損失。然而，流入其他 ETF 的資金阻止了整體餘額滑入負值區域，並保持了 117 億美元的正值。

With the exception of GBTC, all Bitcoin ETF issuers have registered positive inflow balances. BlackRock's iShares Bitcoin Trust has emerged as the frontrunner, attracting a substantial $15.5 billion in investments to date.

除 GBTC 外，所有比特幣 ETF 發行人均錄得正流入餘額。貝萊德 (BlackRock) 旗下的 iShares Bitcoin Trust 已成為領跑者，迄今已吸引了 155 億美元的投資。

Other notable issuers include Fidelity's Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF, and Cathie Wood's ARK 21Shares Bitcoin ETF, boasting respective net inflows of $8.1 billion, $1.7 billion, and $2.2 billion.

其他著名發行人包括 Fidelity 的 Wise Origin 比特幣基金、Bitwise 比特幣 ETF 和 Cathie Wood 的 ARK 21Shares 比特幣 ETF，淨流入分別為 81 億美元、17 億美元和 22 億美元。

In an exclusive interview with Cointelegraph at Paris Blockchain Week in April, VanEck CEO Jan VanEck highlighted the significance of the retail sector, attributing 90% of Bitcoin ETF inflows to this segment. "You've had some Bitcoin whales and some other institutions move some assets in, but they were already exposed to Bitcoin," he remarked.

VanEck 執行長 Jan VanEck 在 4 月的巴黎區塊鏈週上接受 Cointelegraph 獨家採訪時強調了零售業的重要性，將 90% 的比特幣 ETF 流入歸因於該領域。 「已經有一些比特幣鯨魚和其他一些機構轉移了一些資產，但他們已經接觸了比特幣，」他評論道。

However, VanEck expressed anticipation for a surge in substantial institutional investments from banks and traditional firms materialize by May.

然而，VanEck 表示預計銀行和傳統企業的大量機構投資將在 5 月實現激增。