現貨比特幣ETF在終生淨流動中達到了新的歷史最高水平，飆升至403.3億美元

現貨比特幣交易所交易基金（ETF）已達到了終生淨流的歷史最高水平，截至2025年5月8日，升至403.3億美元。

The narrative around cryptocurrencies has shifted drastically in recent times. Beginning with the narrative of an impending doom for cryptocurrencies due to the looming doom of a global macroeconomic slowdown, which many believed would be signaled by a widening in the U.S. Bank Credit and a decline in Payrolls, which would then lead to a complete shutdown of the market. However, to the surprise of many, the market has shown resilience.

最近，圍繞加密貨幣的敘述發生了巨大變化。首先是由於全球宏觀經濟放緩的迫在眉睫的厄運而迫在眉睫的厄運的敘述，許多人認為這將通過美國銀行信貸的擴大和薪資的下降表示信號，這將導致市場的完全關閉。但是，令許多人驚訝的是，市場表現出彈性。

According to Bloomberg's "Thinking on the Margin" report, as shared by James Seyffart and further noted by ETF analyst Eric Balchunas, Spot Bitcoin exchange-traded funds (ETFs) have reached a new all-time high in lifetime net flows.

根據詹姆斯·塞法特（James Seyffart）和ETF分析師埃里克·巴爾庫納斯（Eric Balchunas）的進一步指出，彭博社的“餘額思維”報告稱，現貨比特幣交換基金（ETF）在終身淨流中達到了新的歷史最高水平。

As of Monday, May 12, these ETFs have seen an astounding $40.33 billion in lifetime net flows, to be precise. This new peak surpasses the previous high-water mark of $40.25 billion, which was attained on February 7.

截至5月12日星期一，確切地說，這些ETF的終身淨流量令人震驚。這個新的山峰超過了以前的高水位，402.5億美元，這是2月7日達到的。

It is important to note that these figures reflect the net flows, taking into account both money flowing into the ETFs and out of them.

重要的是要注意，這些數字反映了淨流，考慮到流入ETF的錢和淨額。

Net Flows Timeline

淨流時間線

Highlighting the importance of this metric, Balchunas added: “For those wondering, #1 most important metric to watch is l/t net. Very hard to grow, pure truth, no BS. Amazing resilience from these BTC ETFs to get back to +. Strength of this is still low investor exits, recovery is a byproduct of barely anyone leaving.”

Balchunas強調了這個指標的重要性，“對於那些想知道的人來說，要觀看的最重要的指標是L/T網。很難成長，純粹的真理，沒有BS。這些BTC ETF的驚人韌性可以恢復到 +。這仍然是很低的投資，恢復的人是少於任何人離開的人。”

This achievement by Bitcoin ETFs is particularly noteworthy as it comes just weeks after Benetti highlighted the stifling impact of global macroeconomic uncertainty on cryptocurrencies.

比特幣ETF的這一成就尤其值得注意，因為貝內蒂強調了全球宏觀經濟不確定性對加密貨幣的令人窒息的影響。

As the narrative around Bitcoin and other cryptocurrencies continues to evolve with institutional adoption and market sentiment playing crucial roles, this new milestone underscores the pivotal role ETFs are now playing in Bitcoin’s maturing financial narrative.

隨著圍繞比特幣和其他加密貨幣的敘事隨著機構採用和市場情緒的扮演關鍵角色的發展而不斷發展，這個新的里程碑強調了ETF的關鍵作用ETF現在在比特幣的成熟財務敘事中扮演。

The post Most Important Metric to Watch, According to Bloomberg Analyst , באתר Investing News.

據彭博分析師稱，該帖子最重要的指標是投資新聞。