2025 年比特币现货 ETF 净流量将达到 24.2 亿美元

继 2024 年 12 月的动荡结束后，美国比特币现货 ETF 在 2025 年启动时表现强劲，市场资金大量流入

After a turbulent end to December 2024, the US Bitcoin Spot ETFs have kicked off 2025 on a bullish note, with significant market inflows.

在经历了 2024 年 12 月的动荡之后，美国比特币现货 ETF 以看涨的姿态开启了 2025 年，市场资金大量流入。

According to data from ETF analytics site Farside Investors, these Bitcoin ETFs recorded an aggregate inflow of $1.862 billion in the third trading week of 2025. This brings the total net flow for the year to $2.42 billion.

根据 ETF 分析网站 Farside Investors 的数据，这些比特币 ETF 在 2025 年第三个交易周的总流入量为 18.62 亿美元。这使得全年净流入总额达到 24.2 亿美元。

However, a closer look at the weekly performance reveals an interesting trend. These ETFs initially suffered withdrawals valued at $493.9 million between 13 January – 14 January, as a Bitcoin flash crash saw the apex crypto briefly dip below $90,000.

然而，仔细观察每周的表现就会发现一个有趣的趋势。 1 月 13 日至 14 日期间，这些 ETF 最初遭受了价值 4.939 亿美元的提款，因为比特币闪崩导致顶级加密货币短暂跌破 90,000 美元。

But a surge in Bitcoin prices in the remaining three trading days led to a rise in investors’ confidence, translating into a cumulative inflow of $2.35 billion during this period.

但比特币价格在剩余三个交易日的飙升导致投资者信心上升，转化为在此期间累计流入23.5亿美元。

BlackRock's IBIT registered the largest net inflows of the week valued at $745.7 million, while Fidelity's FBTC took second with investments worth $680.2 million. Bitwise's BITB and Ark's ARKB also registered significant inflows, totaling $216 million and $204.7 million, respectively.

贝莱德 (BlackRock) 的 IBIT 录得本周最大净流入，价值 7.457 亿美元，而富达 (Fidelity) 的 FBTC 投资价值 6.802 亿美元位居第二。 Bitwise 的 BITB 和 Ark 的 ARKB 也录得大量资金流入，分别达到 2.16 亿美元和 2.047 亿美元。

Other ETFs like Invesco's BTCO, Grayscale's BTC, WisdomTree's BTCW, VanEck's HODL, and Franklin Templeton's EZBC recorded modest net inflows of not more than $40.1 million. Unsurprisingly, Grayscale's GBTC produced the only net outflow of the week valued at $87.7 million. Meanwhile, Valkyrie's BRRR was another outlier registering zero net flows.

Invesco 的 BTCO、Grayscale 的 BTC、WisdomTree 的 BTCW、VanEck 的 HODL 和富兰克林邓普顿的 EZBC 等其他 ETF 录得不超过 4010 万美元的适度净流入。不出所料，Grayscale 的 GBTC 产生了本周唯一的净流出，价值 8770 万美元。与此同时，Valkyrie 的 BRRR 是另一个净流量为零的异常值。

At the time of writing, IBIT maintains its market dominance with $38.41 billion in cumulative net inflow. IBIT also boasts $59.28 billion in net assets, accounting for almost half of the total net assets ($120.95 billion) in the Bitcoin Spot ETF market.

截至撰写本文时，IBIT 以 384.1 亿美元的累计净流入保持其市场主导地位。 IBIT 还拥有 592.8 亿美元的净资产，几乎占比特币现货 ETF 市场总净资产（1209.5 亿美元）的一半。

In addition to the strong performance of Bitcoin Spot ETFs, Ethereum ETFs also recorded a net inflow of $212 million, signaling a return to positive gains after a rocky start to 202

除了比特币现货 ETF 表现强劲外，以太坊 ETF 也录得 2.12 亿美元净流入，预示着在 202 年开局不利后，将回归正收益。