美国比特币 (BTC) 现货 ETF 出现 120 多天内最大单日资金流入

最近比特币 ETF 资金流入的激增是多种因素共同作用的结果，一些专家称之为全面加密货币投资的“完美风暴”。

United States spot Bitcoin exchange-traded funds (ETFs) saw their highest single-day inflows in over 120 days on Oct. 14.

10 月 14 日，美国现货比特币交易所交易基金 (ETF) 出现 120 多天来的最高单日流入量。

With more than half a billion dollars pouring into the funds, Bitcoin’s ( BTC ) price topped $67,800 — its highest in more than three months at the time.

随着超过 5 亿美元涌入这些基金，比特币 (BTC) 的价格突破了 67,800 美元，创下了当时三个多月以来的最高水平。

ETF Store president Nate Geraci called it a landmark day for spot BTC ETFs, noting that they were approaching $20 billion in net inflows over the previous 10 months.

ETF Store 总裁 Nate Geraci 称这是现货 BTC ETF 里程碑式的一天，并指出过去 10 个月的净流入量接近 200 亿美元。

“Simply ridiculous & blows away every pre-launch demand estimate. This is NOT ‘degen retail’ $$$ IMO. It’s advisors & institutional investors continuing to slowly adopt,” he wrote.

“简直太荒谬了，超出了所有发布前的需求估计。在我看来，这不是“德根零售”。顾问和机构投资者继续缓慢采用，”他写道。

The Fidelity Wise Origin Bitcoin Fund led the fray with an inflow of $239.3 million, its highest since June 4. It was followed by the Bitwise Bitcoin ETF with over $100 million and BlackRock’s iShares Bitcoin Trust with $79.6 million.

Fidelity Wise Origin 比特币基金以 2.393 亿美元的资金流入领跑，为 6 月 4 日以来的最高水平。其次是 Bitwise 比特币 ETF，资金流入超过 1 亿美元，贝莱德的 iShares Bitcoin Trust 资金流入 7,960 万美元。

Similarly, the Ark 21Shares Bitcoin ETF saw inflows of just under $70 million, while the Grayscale Bitcoin Trust recorded its first October inflow of $37.8 million, its highest since early May.

同样，Ark 21Shares 比特币 ETF 的资金流入略低于 7000 万美元，而 Grayscale 比特币信托基金则录得 10 月份首次资金流入 3780 万美元，为 5 月初以来的最高水平。

A confluence of factors is being attributed to the recent surge in Bitcoin ETF inflows, creating what some experts are calling a “perfect storm” for crypto investments across the board.

近期比特币 ETF 资金流入激增是多种因素共同作用的结果，一些专家称之为全面加密货币投资的“完美风暴”。

For instance, Chris Aruliah, head of institution for crypto exchange Bybit, pointed to the upcoming US election as a key driver, adding:

例如，加密货币交易所 Bybit 机构负责人 Chris Aruliah 指出即将到来的美国大选是一个关键驱动因素，并补充道：

“As we edge closer to the US election in November, investors may be more confident in placing their bets that we'll see the resumption of BTC's bull trend. Both sides in the US elections have been making positive statements towards crypto and there is anticipation of regulatory clarity.”

“随着 11 月美国大选的临近，投资者可能更有信心押注我们将看到 BTC 牛市趋势的恢复。美国大选双方都对加密货币做出了积极的声明，并且预计监管会更加明确。”

Alicia Kao, managing director for cryptocurrency exchange KuCoin, told Cointelegraph that growing macroeconomic optimism is another crucial factor driving this trend.

加密货币交易所 KuCoin 董事总经理 Alicia Kao 告诉 Cointelegraph，日益增长的宏观经济乐观情绪是推动这一趋势的另一个关键因素。

In her view, economic data released by various US agencies has eased concerns about a potential recession, with the Federal Reserve already beginning to lower interest rates gradually.

她认为，美国各机构公布的经济数据缓解了人们对潜在衰退的担忧，美联储已经开始逐步降息。

Daily Bitcoin ETF inflows on Oct. est. Source: CoinGlass

10 月每日比特币 ETF 流入量来源：CoinGlass

Moreover, she noted that hedge fund participation in digital assets has been increasing steadily, fueled by enhanced regulatory clarity and the launch of spot crypto ETFs globally.

此外，她指出，在监管透明度提高和全球加密货币 ETF 现货推出的推动下，对冲基金对数字资产的参与度一直在稳步增加。

“Nearly half (47%) of traditional hedge funds now have exposure to digital assets, up from 29% in 2023 and 37% in 2022. Furthermore, 67% of those hedge funds plan to maintain their current exposure in digital assets, while 33% intend to increase their digital asset investments by the end of 2024, indicating growing institutional confidence and contributing to significant inflows into Bitcoin ETFs,” Kao said.

“近一半 (47%) 的传统对冲基金现在拥有数字资产敞口，高于 2023 年的 29% 和 2022 年的 37%。此外，其中 67% 的对冲基金计划维持当前的数字资产敞口，而 33% % 打算在 2024 年底之前增加数字资产投资，这表明机构信心不断增强，并有助于大量资金流入比特币 ETF。”

While retail demand is a significant factor, the role of institutional investors in driving these record-breaking inflows cannot be overstated.

虽然零售需求是一个重要因素，但机构投资者在推动这些破纪录的资金流入方面所发挥的作用怎么强调也不为过。

Mithil Thakore, CEO and co-founder of Bitcoin trading protocol Velar, believes that institutions are in the driving seat and accounting for much of the BTC being scooped up through ETFs at present. He added:

比特币交易协议 Velar 的首席执行官兼联合创始人 Mithil Thakore 认为，机构处于主导地位，目前通过 ETF 买入的 BTC 大部分由机构主导。他补充道：

“Institutions continue to show interest in Bitcoin, with several large institutions, including banks, pension funds, and insurance companies, slowly adding BTC to their portfolios.”

“机构继续对比特币表现出兴趣，包括银行、养老基金和保险公司在内的几家大型机构正在慢慢地将比特币添加到他们的投资组合中。”

Similarly, Ben Caselin, chief market officer at VALR, believes that the recent surge in inflows to US spot Bitcoin ETFs can be attributed to Bitcoin's resilience in both low and high-interest environments.

同样，VALR 首席市场官 Ben Caselin 认为，最近流入美国现货比特币 ETF 的激增可归因于比特币在低息和高息环境中的弹性。

Moreover, he believes institutional investors are increasingly gaining access to this space and thus driving inflows.

此外，他认为机构投资者越来越多地进入这一领域，从而推动资金流入。

“The participation of financial advisors, pension funds, etc has been crucial for Bitcoin to achieve new price highs and potentially surpass gold as a prominent asset class showcasing its decoupling from traditional markets,” Caselin said.

Caselin 表示：“金融顾问、养老基金等的参与对于比特币实现新的价格高点至关重要，并有可能超越黄金，成为展示其与传统市场脱钩的重要资产类别。”

Kao said that institutional adoption of Bitcoin ETFs rose significantly by 27% during the second quarter of 2024, with 262 new firms entering the US spot Bitcoin ETF market.

Kao 表示，2024 年第二季度，比特币 ETF 的机构采用率大幅上升 27%，有 262 家新公司进入美国现货比特币 ETF 市场。

She noted that by June 30, 2024, the total number of professional firms holding Bitcoin ETFs had reached over a thousand. Despite these striking numbers, Kao said that “retail investors remain the primary holders of Bitcoin ETFs. Institutional investors only manage 21.15% of the AUM, a modest increase from 18.7% in the first quarter of 2024."

她指出，截至2024年6月30日，持有比特币ETF的专业公司总数已超过千家。尽管有这些惊人的数字，高说，“散户投资者仍然是比特币 ETF 的主要持有者。机构投资者仅管理 21.15% 的 AUM，较 2024 年第一季度的 18.7% 略有增长。”

The success of Bitcoin ETFs, particularly when compared to traditional asset classes like gold, has been nothing short of remarkable. Bloomberg senior ETF analyst Eric Balchunas noted that since the January launch of BTC funds, the asset has hit an all-time high five times.

比特币 ETF 的成功，尤其是与黄金等传统资产类别相比，简直是令人瞩目。彭博社高级 ETF 分析师 Eric Balchunas 指出，自 1 月份推出 BTC 基金以来，该资产已五次创下历史新高。

Source: Eric Balchunas

资料来源：埃里克·巴尔丘纳斯

While gold has hit record highs 30 times this year, gold ETFs have only seen $1.4 billion in net inflows compared with more than $2

尽管金价今年已30次创出历史新高，但黄金ETF的净流入额仅为14亿美元，而同期黄金ETF的净流入额超过2美元