在减半事件中，比特币 ETF 流入预计将保持强劲

加密分析公司 Santiment 表示，在即将到来的比特币减半之前，预计流入现货比特币交易所交易基金 (ETF) 的资金将保持稳定。尽管比特币在 3 月中旬达到峰值，但 ETF 交易量仍然强劲，超过了 2 月底的激增。该公司预计，随着 4 月 19 日减半日期的临近，这一活动将持续下去。

Bitcoin ETF Inflows Projected to Hold Steady Ahead of Halving Event

比特币 ETF 流入预计在减半事件之前保持稳定

As the highly anticipated Bitcoin halving date of April 19 draws nearer, crypto analytics firm Santiment anticipates sustained inflows into spot Bitcoin (BTC) exchange-traded funds (ETFs). Despite BTC reaching its peak in mid-March, Santiment's recent analysis on the X platform reveals that BTC ETF trading volumes continue to surge.

随着备受期待的 4 月 19 日比特币减半日期的临近，加密货币分析公司 Santiment 预计将持续流入现货比特币 (BTC) 交易所交易基金 (ETF)。尽管 BTC 在 3 月中旬达到峰值，但 Santiment 最近对 X 平台的分析显示，BTC ETF 交易量继续激增。

According to the firm, trader engagement remains robust, surpassing the levels observed in late February. The firm anticipates that this heightened activity will persist as the halving date approaches, signaling a steady influx of investors into Bitcoin ETF products.

该公司表示，交易员参与度依然强劲，超过了 2 月底观察到的水平。该公司预计，随着减半日期的临近，这种加剧的活动将持续下去，这表明投资者将稳步涌入比特币 ETF 产品。

Surge in Bitcoin ETF Volume

比特币 ETF 交易量激增

Data from Santiment indicates that the top seven ETF products are generating a combined daily volume of $3.19 billion. March witnessed a significant increase in spot BTC ETF volumes, totaling $111 billion, nearly triple the previous month's figure.

Santiment 的数据显示，排名前七位的 ETF 产品每日总交易量为 31.9 亿美元。 3 月份，BTC ETF 现货交易量大幅增加，总计 1110 亿美元，几乎是上个月的三倍。

Farside Investors' data highlights a rise in BTC ETF inflows towards the end of last week, with two consecutive days, April 4 and 5, recording net inflows exceeding $200 million. This trend occurred despite outflows earlier in the week.

Farside Investors 的数据显示，上周末 BTC ETF 流入量有所增加，4 月 4 日和 5 日连续两天净流入超过 2 亿美元。尽管本周早些时候出现了资金外流，但这一趋势还是出现了。

Grayscale Outflows Continue

灰度资金外流持续

In contrast to the positive inflows, Grayscale's GBTC fund has experienced consistent outflows, with approximately $740 million exiting the fund over the past seven days. Since its transition to a spot ETF in mid-January, Grayscale has witnessed a total outflow of 294,313 BTC from its product.

与正向资金流入形成鲜明对比的是，Grayscale 的 GBTC 基金却出现了持续的资金流出，过去 7 天约有 7.4 亿美元退出该基金。自 1 月中旬转型为现货 ETF 以来，Grayscale 的产品总流出量为 294,313 BTC。

Industry Optimism Remains High

行业乐观情绪依然高涨

Despite these ongoing trends, industry leaders, such as Ripple CEO Brad Garlinghouse, maintain a bullish outlook on the crypto markets for this year. Garlinghouse predicts that the total cryptocurrency market capitalization will double in 2024, primarily driven by the growth of spot ETFs and the impending Bitcoin halving.

尽管存在这些持续的趋势，但 Ripple 首席执行官布拉德·加林豪斯 (Brad Garlinghouse) 等行业领导者仍对今年的加密货币市场保持乐观的前景。 Garlinghouse 预测，加密货币总市值将在 2024 年翻一番，这主要是受到现货 ETF 增长和即将到来的比特币减半的推动。

He believes that the influx of real institutional investment into the market via ETFs fuels his optimism. In a recent interview with CNBC, Garlinghouse expressed his positivity, stating, "I'm very optimistic. I believe that macro trends, such as ETFs, are driving real institutional money for the first time."

他认为，真正的机构投资通过 ETF 涌入市场激发了他的乐观情绪。在最近接受 CNBC 采访时，加林豪斯表达了他的积极态度，他表示：“我非常乐观。我相信 ETF 等宏观趋势正在首次推动真正的机构资金。”

BTC Price Predictions

比特币价格预测

Similarly, Matteo Greco, a research analyst at Fineqia International, anticipates that BTC will trade at $75,000 by the halving event. However, Greco notes a departure from previous cycles, where BTC historically reached an all-time high in anticipation of halvings.

同样，Fineqia International 研究分析师 Matteo Greco 预计，到减半事件时，BTC 的交易价格将达到 75,000 美元。然而，格雷科指出，与之前的周期不同的是，在减半的预期下，比特币历史上达到了历史新高。

Greco suggests that if historical trends hold, the markets could experience an upward trajectory for the remaining nine months of 2024. The Bitcoin halving, which occurs approximately every four years, reduces the number of BTC rewards miners receive for validating blocks, potentially influencing the asset's supply and demand dynamics.

Greco 表示，如果历史趋势持续下去，市场可能会在 2024 年剩下的 9 个月内经历上涨轨迹。比特币减半大约每四年发生一次，减少了矿工因验证区块而获得的 BTC 奖励数量，可能会影响该资产的价值供需动态。