比特币（BTC）未能满足预期作为安全资产 - 加密每天

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Crypto Daily - Global uncertainty has pushed traders toward traditional safe-havens, leading to massive inflows into gold ETFs and outflows from Bitcoin ETFs in the first quarter of 2025, according to JPMorgan (NYSE:JPM) analysts.

Crypto Daily-全球不确定性已将交易者推向了传统的避风港，从而导致2025年第一季度从比特币ETF中大量流入了Bitcoin ETF的流出。

Key Takeaways:

关键要点：

* World Gold Council data, cited in a recent report by JPMorgan, shows that gold ETFs globally registered net inflows of $21.1 billion in Q1 2025.

*摩根大通最近的一份报告中引用了世界黄金委员会的数据，该报告表明，在2025年第1季度，全球登记的净流入净流入为211亿美元。

* Among this, China and Hong Kong together contributed $2.3 billion in inflows, making up 16% of total gold ETF assets under management.

*其中，中国和香港共同贡献了23亿美元的流入，占管理总资产总资产的16％。

* In stark contrast, Bitcoin ETFs saw outflows for the third consecutive month, highlighting a divergence in investor sentiment toward crypto and traditional safe-havens.

*与之形成鲜明对比的是，比特币ETF连续第三个月看到了流出，突出了投资者对加密货币和传统避风港的情绪的分歧。

* Despite the narrative of Bitcoin as a new-age safe-haven asset, the analysts noted that it failed to attract any significant inflows during a period of heightened market turbulence.

*尽管比特币是一种新时代的安全资产，但分析师指出，在市场湍流时期，它未能吸引任何重大流入。

* Instead, traders flocked toward traditional havens like U.S. Treasuries, Swiss franc, and yen, aggregating net inflows of $156 billion, $30 billion, and $28 billion respectively.

*取而代之的是，贸易商蜂拥而至，如美国国债，瑞士法郎和日元等传统避风港，分别净流入1560亿美元，300亿美元和280亿美元。

The report highlights a preference shift among traders as they navigate global uncertainties. While China's speculative appetite for Bitcoin appears to be waning, Hong Kong saw the largest outflows from Bitcoin ETFs in Q1 2025.

该报告强调了交易者在全球不确定性方面的偏好转变。尽管中国对比特币的投机性食欲似乎正在减弱，但香港看到了第1季度2025年比特币ETF的最大外流。

Moreover, the analysts observed that Bitcoin’s price movements suggest a lack of support at the $62,000 level, which could be viewed as a key psychological barrier in the near term.

此外，分析师观察到，比特币的价格变动表明缺乏62,000美元的支持，这可以在短期内将其视为关键的心理障碍。

The report comes amid a period of macroeconomic instability, with traders seeking stability in traditional assets over cryptocurrencies, at least for the moment. However, the narrative might change if Bitcoin manages to reclaim its role as a better safe-haven asset, a feat yet to be achieved.

该报告是在宏观经济不稳定时期的，交易者至少目前在传统资产中寻求稳定性。但是，如果比特币设法收回其作为更好的安全资产的作用，叙述可能会改变，这是尚未实现的壮举。

The post Bitcoin failed to meet expectations as a safe-haven asset - JPMorgan appeared first on Crypto Daily

比特币后，比特币未能达到避免资产的期望-JPMorgan首先出现在Crypto Daily

Should you invest $2,000 in JPM right now?

您现在应该向JPM投资2,000美元吗？

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Propicks AI是Investing.com创建的6个模型投资组合，它确定了现在购买投资者的最佳股票。裁员的股票可能会在未来几年产生怪物回报。

And JPM makes the cut in 1 model portfolio.

JPM将其切成1个模型组合。

See which stocks other models picked here.

查看这里选择的其他型号。

As part of its coverage of the first quarter earnings reports, JPMorgan (NYSE:JPM) noted that World Gold Council data showed that gold ETFs globally registered net inflows of 21.1 billion in Q1 2025. Of this, China and Hong Kong together contributed 2.3 billion in inflows and 16 percent of total gold ETF assets under management. In stark contrast, Bitcoin ETFs saw outflows for the third consecutive month (1.3 billion in total), highlighting a divergence in investor sentiment.

作为对第一季度收益报告的报道的一部分，摩根大通（NYSE：JPM）指出，世界黄金委员会的数据表明，在第1季度，全球登记的Gold ETF在全球筹集的净流入量为211亿。与之形成鲜明对比的是，比特币ETF连续第三个月看到了外流（总共13亿），强调了投资者情绪的分歧。

suggest that traders preferred traditional havens during the quarter. Indeed, U.S. Treasuries attracted net inflows of 156 billion, Swiss franc saw 30 billion in inflows, and yen had net inflows of 28 billion. China also saw outflows from North Sea Brent crude and WTI crude, amounting to 20.4 billion and 14.8 billion respectively.

暗示交易者在本季度更喜欢传统的避风港。确实，美国国债吸引了1560亿美元的净流入，瑞士法郎的流入300亿，日元流入280亿。中国还看到了北海布伦特原油和WTI原油的流出，分别为204亿和148亿。

Hong Kong on the other hand saw the largest outflows from Bitcoin ETFs in Q1 2025.

另一方面，香港在Q1 2025中看到了比特币ETF的最大流出。

Moreover, the analysts observed that Bitcoin’s price movements suggest a lack of support at the 62,000 level, which could be viewed as a key psychological barrier in the near term.

此外，分析师观察到，比特币的价格变动表明在62,000级缺乏支持，可以将其视为短期内的关键心理障碍。

The report comes amid a period of macroeconomic instability, with traders showing a preference for traditional assets over crypto in the present instance. However, the narrative might change if Bitcoin manages to reclaim its role as a better safe-haven asset, a feat yet to be achieved.

该报告是在宏观经济不稳定时期出现的，在当前情况下，交易者表现出对传统资产而不是加密货币的偏爱。但是，如果比特币设法收回其作为更好的安全资产的作用，叙述可能会改变，这是尚未实现的壮举。

The post Global uncertainty drove traders toward traditional safe-havens in Q1 - JPMorgan appeared first on Crypto Daily.

全球不确定性促使交易者进入第1季度的传统避风港 - 摩根大通（JPMorgan）首先出现在加密日报上。