比特币减半引发了令人惊叹的里程碑和市场惊喜

比特币最近的减半引发了一系列热议，该事件发生的时间恰逢热门的“4/20”日期，资金流入美国最大的现货比特币 ETF，该减半已连续持续 69 天。

Bitcoin Halving Marks Convergence of Meme-Worthy Milestones

比特币减半标志着具有里程碑意义的事件的趋同

The recent halving of Bitcoin's block reward has ignited a flurry of meme-filled celebrations, fueled by coincidences that seem almost too perfect.

最近，比特币的区块奖励减半引发了一系列充满迷因的庆祝活动，而这些巧合似乎过于完美。

4/20 Halving and a 69-Day Inflow Surge

4/20 减半和 69 天资金流入激增

Not only did the halving occur on April 20th, a date revered by cannabis enthusiasts, but it also coincided with the largest US spot Bitcoin exchange-traded fund (ETF) securing 69 consecutive days of inflows. This numerical alignment has delighted market observers, adding an extra layer of amusement to the historical event.

减半不仅发生在大麻爱好者推崇的 4 月 20 日，而且也恰逢美国最大的现货比特币交易所交易基金 (ETF) 连续 69 天资金流入。这种数字一致性让市场观察者感到高兴，为这一历史事件增添了额外的乐趣。

ETF Inflows Regain Momentum

ETF 资金流入重拾动力

While ETF inflows have slowed since their March peak, the largest ETF by assets under management, BlackRock's iShares Bitcoin Trust (IBIT), has yet to experience a single day of outflows. Data from Farside indicates a tentative return of momentum towards the end of last week, with IBIT taking in almost $30 million on April 19th.

尽管 ETF 流入量自 3 月份峰值以来有所放缓，但管理资产规模最大的 ETF 贝莱德 (BlackRock) 旗下 iShares 比特币信托 (IBIT) 尚未出现单日流出情况。 Farside 的数据显示，上周末势头暂时恢复，4 月 19 日 IBIT 收入近 3000 万美元。

Outflows from Grayscale Bitcoin Trust Remain Modest

灰度比特币信托基金的资金流出仍然温和

The topic of debate surrounding outflows from the Grayscale Bitcoin Trust (GBTC) continued on the halving day, with outflows reaching $45.8 million. However, this amount is relatively modest, indicating that the selling pressure is easing.

减半当天，围绕灰度比特币信托基金（GBTC）资金流出的争论仍在继续，资金流出达到 4580 万美元。不过，这一金额相对较小，表明抛售压力正在缓解。

ETF Performance Sparks Divergent Views

ETF 表现引发不同看法

Recent Form 13F filings have raised concerns that Bitcoin ETFs have not yet gained widespread acceptance among mainstream investors. Jim Bianco of Bianco Research described the first-quarter allocation data as a "disappointment," highlighting the shrinking unrealized gains among ETF investors relative to the current BTC price action.

最近提交的 13F 表格引发了人们的担忧，即比特币 ETF 尚未获得主流投资者的广泛接受。 Bianco Research 的 Jim Bianco 将第一季度的分配数据描述为“令人失望”，突显出 ETF 投资者的未实现收益相对于当前 BTC 价格走势正在萎缩。

ETF Adopters: Hot Sauce for Conservative Investors

ETF 采用者：保守投资者的辣酱

Countering these concerns, Bloomberg Intelligence ETF analyst Eric Balchunas suggested that asset managers would treat Bitcoin ETFs as a "hot sauce" for conservative investors. He noted that IBIT has attracted numerous holders, but their combined shareholding is a mere 0.4% of the total shares outstanding. This indicates that the majority of investors are taking a cautious approach, nibbling on the product rather than taking large bites.

针对这些担忧，彭博资讯 ETF 分析师 Eric Balchunas 表示，资产管理公司应将比特币 ETF 视为保守投资者的“辣酱”。他指出，IBIT吸引了众多持有人，但他们的持股总额仅占已发行股份总数的0.4%。这表明大多数投资者采取谨慎态度，小口而不是大口买入。

Conclusion

结论

The halving of Bitcoin has provided an abundance of meme-worthy moments, aligning with key dates and numerical coincidences. While ETF inflows have slowed, the momentum is gradually returning, and outflows from GBTC remain modest. While concerns remain about mainstream adoption, analysts suggest that Bitcoin ETFs will likely be utilized as a supplementary asset by conservative investors, similar to how hot sauce enhances a meal without being the main course.

比特币的减半提供了大量具有模因价值的时刻，与关键日期和数字巧合相一致。尽管 ETF 流入放缓，但势头正在逐渐恢复，GBTC 的资金流出仍然温和。尽管对主流采用的担忧仍然存在，但分析师表示，比特币 ETF 可能会被保守投资者用作补充资产，类似于辣椒酱如何增强膳食而不是主菜。