ETF 流动缓慢，比特币陷入拉锯战

周四早些时候，比特币 (BTC) 多头和空头争夺主导地位，反弹尝试在 64,000 美元处被拒绝，随后空头试图跌破 62,745 美元，但遇到阻力。价格波动与美国上市的 BTC ETF 流入放缓同时发生，但随着摩根士丹利考虑允许经纪商向客户推荐 ETF，购买活动可能会增加。尽管价格波动，富达数字资产仍长期看涨，指出自 2024 年初以来，持有 1,000 美元或更多 BTC 的钱包增加了 20%。

Bitcoin's Price Action in Flux as Bulls and Bears Contest Control

随着多头和空头争夺控制权，比特币的价格走势不断变化

The ongoing battle between Bitcoin bulls and bears continued on Thursday, with each camp vying for dominance in the early hours of trading. An attempt by bulls to rally off support at $64,000 was swiftly thwarted, even before the uptrend could gain momentum.

周四，比特币多头和空头之间的持续战斗仍在继续，每个阵营都在早盘争夺主导地位。多头试图从 64,000 美元的支撑位反弹的尝试很快就遭到挫败，甚至在上升趋势获得动力之前也是如此。

Bears seized the opportunity and pressed their advantage, driving Bitcoin down to a low of $62,745 shortly after the market opened in the United States. However, their triumph proved ephemeral as bulls regrouped and pushed prices back above $63,800, where Bitcoin currently trades.

空头抓住机会并发挥优势，在美国开盘后不久，比特币就跌至 62,745 美元的低点。然而，随着多头重新集结并将价格推回 63,800 美元（比特币目前的交易价格）上方，他们的胜利被证明是短暂的。

ETF Flows Slow, Impacting Bitcoin's Price Dynamics

ETF 流动缓慢，影响比特币的价格动态

The indecisive price action in Bitcoin mirrors the fading enthusiasm for U.S.-listed sports Bitcoin exchange-traded funds (ETFs). The feverish pace of inflows witnessed in the months following their launch has subsided to a mere trickle.

比特币价格走势的犹豫不决反映出人们对美国上市体育比特币交易所交易基金（ETF）的热情正在消退。在其推出后的几个月里，资金流入的狂热速度已经减弱为涓涓细流。

Wednesday's trading session saw ETFs experience a collective outflow of $120.64 million, marking the end of a 71-day inflow streak for BlackRock's iShares Bitcoin Trust (IBIT), as noted by Bloomberg Senior ETF Analyst Eric Balchunas.

彭博社高级 ETF 分析师 Eric Balchunas 指出，周三交易时段 ETF 集体流出 1.2064 亿美元，标志着贝莱德 iShares 比特币信托 (IBIT) 连续 71 天的资金流入结束。

Morgan Stanley Mulls Direct ETF Recommendations

摩根士丹利考虑直接 ETF 建议

Despite the slowdown in ETF flows, there are signs of potential buying activity on the horizon. According to AdvisorHub, Morgan Stanley is contemplating allowing its 15,000 brokers to recommend Bitcoin ETFs to clients.

尽管 ETF 流量放缓，但有迹象表明潜在的购买活动即将出现。据 AdvisorHub 报道，摩根士丹利正在考虑允许其 15,000 名经纪人向客户推荐比特币 ETF。

Morgan Stanley has previously only offered unsolicited access to ETFs, requiring customers to initiate contact with their advisors about investing. The firm is now considering permitting advisors to actively recommend these products to clients, a move that could boost demand while exposing the wirehouse to increased liability.

摩根士丹利此前仅主动提供 ETF 访问权，要求客户就投资事宜主动与顾问联系。该公司目前正在考虑允许顾问积极向客户推荐这些产品，此举可能会增加需求，同时使电线公司承担更多的责任。

Hong Kong Embraces Spot BTC ETFs

香港拥抱现货 BTC ETF

In a positive development for Bitcoin, Hong Kong regulators have approved three spot BTC ETFs, set to commence trading on April 30. This marks the first wave of approvals in the region.

香港监管机构批准了三只现货 BTC ETF，预计于 4 月 30 日开始交易，这标志着比特币的积极发展。这标志着该地区的第一波批准。

Moreover, Hong Kong will also see the launch of three Ethereum (ETH) ETFs, surpassing U.S. issuers who continue to face hurdles in gaining approval from the Securities and Exchange Commission (SEC).

此外，香港还将推出三只以太坊（ETH）ETF，超过在获得美国证券交易委员会（SEC）批准方面继续面临障碍的美国发行人。

Decisions on spot Ether ETF applications from VanEck and ARK Investment Management are expected by May 23 and May 24, respectively. However, sources have expressed pessimism about the SEC's receptiveness to these applications, with Reuters reporting that discouragingly one-sided meetings with the agency have heightened concerns.

VanEck 和 ARK Investment Management 预计将分别于 5 月 23 日和 5 月 24 日对以太坊 ETF 现货申请做出决定。然而，消息人士对美国证券交易委员会对这些申请的接受程度表示悲观，路透社报道称，与该机构的一面倒的会议令人沮丧，加剧了人们的担忧。

Fidelity's Long-Term Optimism

富达的长期乐观态度

Amidst the daily fluctuations and ETF chatter, Fidelity Digital Assets maintains a bullish stance on Bitcoin's long-term prospects. The firm has observed a 20% increase in the number of wallets holding $1,000 or more worth of BTC since the beginning of 2024.

尽管日常波动和 ETF 的讨论不断，富达数字资产仍对比特币的长期前景保持看涨立场。该公司观察到，自 2024 年初以来，持有价值 1,000 美元或以上 BTC 的钱包数量增加了 20%。

"This increase shows that despite the upward trend in prices, there is a continued increase in the number of smaller addresses purchasing and holding Bitcoin," Fidelity analysts noted in a report. "As a result, this increase shows that Bitcoin is bought and adopted by more people."

富达分析师在一份报告中指出：“这一增长表明，尽管价格呈上涨趋势，但购买和持有比特币的较小地址数量仍在持续增加。” “因此，这种增长表明比特币被更多的人购买和采用。”

The analysts concluded that the surge in smaller investors embracing Bitcoin represents a significant milestone and bodes well for its future.

分析师得出的结论是，接受比特币的小投资者激增是一个重要的里程碑，预示着比特币的未来。