比特币 ETF、资金外流和客户需求：纽约纪要

比特币 ETF 面临资金流出，但客户对加密产品的需求仍然强劲。这是怎么回事？

Alright, New Yorkers, let's talk Bitcoin ETFs. It's been a rollercoaster, with significant outflows hitting the market. But don't let that fool you; the underlying story is more nuanced than a Times Square hustle.

好吧，纽约人，让我们来谈谈比特币 ETF。这就像坐过山车一样，大量资金外流涌入市场。但不要让这欺骗了你；背后的故事比时代广场的喧嚣更加微妙。

Bitcoin ETF Outflows: What Happened?

比特币 ETF 资金流出：发生了什么？

This past week, U.S. spot Bitcoin ETFs experienced a sharp downturn, recording over $1.2 billion in outflows. Bitcoin's price took a tumble, sliding from over $115,000 to below $104,000. BlackRock’s iShares Bitcoin Trust saw the largest withdrawal, losing $268.6 million. Fidelity and Grayscale also felt the pinch. Blame it on profit-taking and market jitters.

上周，美国现货比特币 ETF 经历了急剧下滑，资金流出超过 12 亿美元。比特币的价格暴跌，从 115,000 美元以上跌至 104,000 美元以下。贝莱德 (BlackRock) 的 iShares 比特币信托 (iShares Bitcoin Trust) 的撤资规模最大，损失 2.686 亿美元。富达和灰度也感受到了压力。将其归咎于获利了结和市场不安。

Schwab Says: Crypto's Still Hot!

施瓦布说：加密货币仍然很热门！

Despite the ETF bloodbath, Charles Schwab is singing a different tune. CEO Rick Wurster says their clients hold 20% of all U.S. crypto ETPs, and visits to Schwab's crypto site are up 90% year-over-year. They’re even planning spot crypto trading by 2026. Translation: long-term interest remains strong, even if some folks are running for the exits right now.

尽管 ETF 惨遭洗劫，嘉信理财 (Charles Schwab) 却唱出了不同的曲调。首席执行官 Rick Wurster 表示，他们的客户持有美国所有加密货币 ETP 的 20%，施瓦布加密货币网站的访问量同比增长 90%。他们甚至计划到 2026 年进行现货加密货币交易。换句话说：即使有些人现在正在寻求退出，长期利益仍然强劲。

October's Rare Downturn

十月罕见的低迷

Historically, October's been good to Bitcoin. But this year? Not so much. Bitcoin's down about 6% this month. Analysts point to broader market conditions and caution after Bitcoin’s earlier surge. But hey, some are still betting on a late-October rebound, fueled by potential Fed rate cuts.

从历史上看，十月对比特币来说是有利的。但今年呢？没那么多。比特币本月下跌约 6%。分析师指出，在比特币早些时候飙升后，更广泛的市场状况和谨慎态度。但是，嘿，一些人仍然押注在美联储可能降息的推动下，十月下旬会出现反弹。

Institutional Interest: Still a Big Deal

机构利益：仍然很重要

Even with the recent outflows, remember that Bitcoin ETFs have attracted billions since their launch. That says something about sustained appetite from both retail and institutional investors. Temporary dips don’t erase the big picture.

即使最近资金流出，请记住，比特币 ETF 自推出以来已吸引了数十亿美元。这说明了散户和机构投资者的持续兴趣。暂时的下跌不会抹去大局。

BlackRock's Take: Client Demand is King

贝莱德的观点：客户需求为王

BlackRock’s digital assets head, Robbie Mitchnick, emphasized that client demand is a key factor in deciding whether to launch a crypto-related ETF. This approach highlights a strategic focus on aligning products with actual investor needs and market trends.

贝莱德数字资产主管 Robbie Mitchnick 强调，客户需求是决定是否推出加密货币相关 ETF 的关键因素。这种方法强调了将产品与实际投资者需求和市场趋势保持一致的战略重点。

So, What's the Real Deal?

那么，真正的交易是什么？

Here's my two cents: Bitcoin's volatile. ETFs will see outflows during downturns. But underlying interest in crypto isn't going anywhere. Big players like Schwab and BlackRock are still building for the future. Don't let the short-term noise distract you from the long-term trend.

这是我的两分钱：比特币波动很大。 ETF 在经济低迷时期将会出现资金流出。但人们对加密货币的潜在兴趣并没有消失。像施瓦布和贝莱德这样的大公司仍在为未来而努力。不要让短期噪音分散您对长期趋势的注意力。

Think of it this way: It's like waiting for the subway. Sometimes there are delays, and the platform gets crowded. But the train always comes eventually, right?

可以这样想：就像等地铁一样。有时会出现延误，站台变得拥挤。但火车总会来的，对吗？

Until next time, keep your eyes on the market and your wits about you!

直到下一次，请继续关注市场并发挥您的智慧！