比特币（BTC）ETF产品的表现优于黄金（XAU），因为旗舰硬币享有看涨的情感

美国的现货比特币ETF产品最近已经超过了黄金，旗舰硬币享有看涨的情绪，

The competitive landscape between Bitcoin (BTC) ETF products and the traditional asset, gold, is heating up, with interesting tidbits emerging.

比特币（BTC）ETF产品与传统资产黄金之间的竞争格局正在加热，并且出现了有趣的小动物。

As the flagship coin enjoys a bullish sentiment, mainly fueled by optimism over the first-ever spot Bitcoin ETF approval in the U.S., the traditional asset is mainly waning.

由于旗舰硬币具有看涨的情绪，这主要是对美国有史以来第一个现场比特币ETF批准的乐观情绪，因此传统资产主要是在减弱。

Recent price metrics reveal that BTC topped the $96K mark, up nearly 2% over the week. Whereas, gold’s price lost nearly 2% over the last 5 days, at $3,247.40 per ounce.

最近的价格指标表明，BTC超过了9.6万美元的高位，比一周的价格上涨了近2％。而在过去的5天中，黄金的价格下跌了近2％，为每盎司3,247.40美元。

Bitcoin ETF Products Saw Record Breaking Inflows As Institutional Demand Soars

比特币ETF产品看到了随着机构需求飙升的创纪录的流入

比特币ETF产品看到了随着机构需求飙升的创纪录的流入

In sync with this bullish price action, U.S. Bitcoin ETF products have also quietly recorded robust net outflows, to the tune of nearly $2 billion in the past 7 days.

与这种看涨的价格行动同步，美国比特币ETF产品还悄悄记录了强劲的净外流，在过去的7天中，近20亿美元的收益。

According to the latest statistics by SosoValue, these exchange-traded products recorded consecutive weekly net outflows for the second time this quarter.

根据Sosovalue的最新统计数据，这些交换贸易产品本季度第二次连续记录了每周的净流出。

Last week (ending April 25), U.S. BTC ETF products saw a staggering $3.06 billion in outflows, marking the first week of consecutive outflows since March end. Now, with nearly $2 billion worth of outflows as of the week ending May 2, it seems that institutional demand for the flagship crypto is on a notable rise.

上周（截至4月25日），美国BTC ETF产品的流出量达到了惊人的30.6亿美元，标志着自3月底以来连续出发的第一周。现在，截至5月2日截至一周的一周，价值近20亿美元的流出，对旗舰加密的机构需求似乎正在显着上升。

At the beginning of this year, gold has been outperforming Bitcoin. But it will be interesting to see if we'll continue to see a paradigm shift in risk assets’ market sentiment.

在今年年初，黄金的表现优于比特币。但是，有趣的是，我们是否会继续看到风险资产市场情绪的范式转变。

As of reporting time, these U.S.-based BTC ETF products held $113.15 billion worth of assets.

截至报告时间，这些总部位于美国的BTC ETF产品持有价值1,131.5亿美元的资产。

On the other hand, it’s also worth pointing out that although gold has been outperforming Bitcoin since the beginning of this year, a paradigm shift in risk assets’ risk-return trade-offs seems to be emerging.

另一方面，还值得指出的是，尽管自今年年初以来黄金一直优于比特币，但风险资产的风险回收权衡的范式似乎正在出现。

Sharpe Ratio For BTC Is At 0.40, Whereas Gold’s Is At 1.33

BTC的Sharpe比率为0.40，而黄金为1.33

BTC的Sharpe比率为0.40，而黄金为1.33

According to Fidelity’s Global Macro Director Jurrien Timmer’s X post, the see-saw dynamic between Bitcoin & Gold suggests that the crypto is about to outweigh the traditional asset. The Sharpe Ratio for BTC is at 0.40, whereas gold’s is at 1.33.

根据Fidelity的全球宏观总监Jurrien Timmer的X帖子的说法，比特币和黄金之间的远见动态表明，加密货币将超过传统资产。 BTC的夏普比率为0.40，而黄金为1.33。

For context, the Sharpe Ratio measures the risk-adjusted returns of an asset. The higher the ratio, the better the return per risk unit. However, the negative correlation between the two assets suggests that BTC’s ratio highlights an underwhelming movement. Trimmer stresses, “So perhaps we are due for a baton-pass from gold to bitcoin.”

在上下文中，夏普比率衡量了资产的风险调整后收益。比率越高，每个风险单位的回报越好。但是，这两个资产之间的负相关性表明，BTC的比率突出了一个令人难以置信的运动。 Trimmer强调：“因此，也许我们应该从黄金到比特币的指挥棒。”

Besides, CoinGape also reported that crypto critic Peter Schiff still predicts a Gold rally is possible, mainly driven by U.S. macroeconomic policies. Broader market participants continue to extensively eye Bitcoin ETF products relatively more than Gold, speculating over potential investment opportunities amid dynamic stats.

此外，Coingape还报道说，加密批评家彼得·希夫（Peter Schiff）仍然预测，主要是由美国宏观经济政策驱动的黄金集会。更广泛的市场参与者在动态统计数据中猜测潜在的投资机会相比，更广泛的更广泛的比特币ETF产品相对较高。