美國現貨比特幣ETF面臨大規模資金外流，引發擔憂

美國現貨比特幣 ETF 經歷了創紀錄的淨流出，貝萊德 (BlackRock) 的 iShares 比特幣信託 (iShares Bitcoin Trust) 迎來了首個流出日。貝萊德的比特幣基金、Fidelity Wise Origin Bitcoin Fund 和 Grayscale Bitcoin Trust 分別記錄了總計 3,690 萬美元、1.911 億美元和 1.674 億美元的大量資金流出。儘管有資金流出，分析師強調，ETF 流入和流出是 ETF 操作的自然組成部分，黃金 ETF 今年也經歷了大幅流出。

Massive Outflows Hit U.S. Spot Bitcoin ETFs, Raising Concerns

大量資金外流衝擊美國現貨比特幣 ETF，引發擔憂

The U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) have experienced record net outflows, signaling a significant shift in investor sentiment towards the cryptocurrency. Among the affected funds, BlackRock's iShares Bitcoin Trust (IBIT) has recorded its first-ever day of outflows.

美國現貨比特幣（BTC）交易所交易基金（ETF）經歷了創紀錄的淨流出，顯示投資者對加密貨幣的情緒發生了重大轉變。在受影響的基金中，貝萊德旗下的 iShares Bitcoin Trust (IBIT) 首次出現資金流出。

According to data from Farside Investors, BlackRock's Bitcoin fund witnessed a staggering $36.9 million outflow on May 1. This outflow is the largest single outflow day for the U.S. spot Bitcoin ETFs ever recorded.

Farside Investors的數據顯示，貝萊德旗下比特幣基金在5月1日出現了驚人的3,690萬美元資金流出。

The outflows extended beyond BlackRock, with nine other Bitcoin ETFs experiencing a combined $526.8 million in withdrawals. The Hashdex Bitcoin ETF (DEFI) was the only exception, reporting zero flows.

資金流出不僅限於貝萊德，其他 9 隻比特幣 ETF 的資金撤資總額達 5.268 億美元。 Hashdex 比特幣 ETF (DEFI) 是唯一的例外，報告流量為零。

The most significant outflow was seen in the Fidelity Wise Origin Bitcoin Fund (FBTC), which shed $191.1 million in net outflows. The Grayscale Bitcoin Trust (GBTC) followed closely with an outflow of $167.4 million.

最顯著的資金流出是 Fidelity Wise Origin 比特幣基金 (FBTC)，該基金淨流出 1.911 億美元。灰階比特幣信託基金 (GBTC) 緊隨其後，流出 1.674 億美元。

The outflows coincided with a decline in Bitcoin's price, which has fallen 10.7% over the past week. This volatility has likely contributed to the withdrawal of funds from the ETFs.

資金流出恰逢比特幣價格下跌，過去一週比特幣價格下跌了 10.7%。這種波動可能導致資金從 ETF 撤出。

Despite the concerning outflows, ETF Store president Nate Geraci emphasized that they are not unprecedented. Geraci pointed out that the iShares Gold ETF and SPDR Gold ETFs have experienced even more significant outflows this year, with $1 billion and $3 billion withdrawn, respectively. However, it's worth noting that gold prices have still risen by 16% year-to-date.

儘管資金外流令人擔憂，但 ETF Store 總裁 Nate Geraci 強調，這並非史無前例。 Geraci指出，iShares黃金ETF和SPDR黃金ETF今年經歷了更嚴重的資金流出，分別撤資10億美元和30億美元。不過，值得注意的是，金價今年迄今仍上漲了16%。

Bloomberg ETF analyst James Seyffart reassured investors that the Bitcoin ETFs are "operating smoothly across the board" and that "inflows and outflows are part of the norm in the life of an ETF."

彭博 ETF 分析師 James Seyffart 向投資者保證，比特幣 ETF“全面運作平穩”，並且“資金流入和流出是 ETF 生命週期常態的一部分”。

Yet, the outflows have raised concerns about the longevity of the current Bitcoin rally. Investors are advised to exercise caution and evaluate their own risk tolerance before investing in Bitcoin or any other cryptocurrency.

然而，資金外流引發了人們對當前比特幣漲勢能否持續的擔憂。建議投資者在投資比特幣或任何其他加密貨幣之前謹慎行事並評估自己的風險承受能力。