由于持续提款，灰度比特币 ETF 暴跌至历史新低

灰度比特币信托 ETF (GBTC) 创下历史新低，单日撤资 1750 万美元。这有助于该基金类别结束连续两日的净流出，扭转了过去一周大量资金流出的趋势。 GBTC 的净流出归因于与其他现货比特币 ETF 相比其费用较高，以及破产贷款机构 Genesis 可能成为持续流出的重要因素。

Grayscale Bitcoin Trust ETF Hits Record Low Amidst Ongoing Outflows

资金持续流出，灰度比特币信托 ETF 创历史新低

The Grayscale Bitcoin Trust ETF (GBTC), a prominent investment vehicle that provides exposure to Bitcoin, has experienced a significant withdrawal of $17.5 million in a single day, marking its all-time low. This outflow has contributed to a two-day net outflow streak for the wider fund category.

灰度比特币信托 ETF (GBTC) 是一种提供比特币敞口的著名投资工具，单日撤资额达 1750 万美元，创下历史新低。这种资金流出导致更广泛的基金类别连续两天出现净流出。

The news underscores the ongoing challenges faced by GBTC, which has consistently reported net outflows since its transformation into an ETF on January 11. The largest single-day outflow prior to Wednesday was $22 million, recorded on February 26.

这一消息凸显了 GBTC 面临的持续挑战，自 1 月 11 日转型为 ETF 以来，GBTC 一直报告净流出。周三之前的最大单日流出额为 2,200 万美元，记录于 2 月 26 日。

According to data from Farside Investors, the assets leaving GBTC hit a new low on Wednesday. This outflow contributed to the end of a two-day trend of net withdrawals across the broader fund category. The US spot Bitcoin ETF sector, which consists of 11 funds, achieved net inflows totaling $124 million, a significant turnaround from the net outflows of $224 million and $19 million on Monday and Tuesday, respectively.

Farside Investors的数据显示，周三离开GBTC的资产创下新低。这种资金流出导致整个基金类别连续两天的净撤资趋势结束。由 11 只基金组成的美国现货比特币 ETF 板块实现净流入总额 1.24 亿美元，较周一和周二分别净流出 2.24 亿美元和 1900 万美元出现大幅好转。

Analysts attribute GBTC's continued outflows to its 1.5% fee, which is considerably higher than that of its nine other spot Bitcoin ETF counterparts. This fee disparity has led investors to shift towards more cost-effective alternatives.

分析师将 GBTC 的持续资金流出归因于其 1.5% 的费用，该费用远高于其他 9 个现货比特币 ETF 的费用。这种费用差异导致投资者转向更具成本效益的替代方案。

While the initial wave of sales by arbitrage traders and those seeking more affordable funds has largely subsided, GBTC's outflows have continued to escalate in recent days. However, some analysts caution that it is premature to declare an end to the outflows. Sumit Roy, a senior analyst at ETF.com, suggests that a pattern of minor outflows or even inflows over several days would be necessary to confirm such a trend.

虽然套利交易者和寻求更实惠资金的人最初的抛售浪潮已基本消退，但最近几天 GBTC 的资金外流仍在继续升级。然而，一些分析师警告说，现在宣布资金外流结束还为时过早。 ETF.com 的高级分析师苏米特·罗伊 (Sumit Roy) 表示，要确认这一趋势，需要在几天内出现小额资金流出甚至资金流入的模式。

Some analysts have speculated that the bankruptcy lender Genesis may be a major contributor to the sustained outflows from GBTC. Genesis had previously liquidated its holdings in the fund, with estimates valuing its investment at approximately $1.6 billion. However, court documents indicate that Genesis and its affiliated entities had already sold their entire stake of nearly 36 million GBTC shares by April 2, using the proceeds to purchase 32,041 Bitcoin.

一些分析师猜测，破产贷款机构 Genesis 可能是导致 GBTC 资金持续流出的主要因素。 Genesis 此前已清算了其在该基金中的持股，估计其投资价值约为 16 亿美元。然而，法庭文件显示，Genesis 及其附属实体已于 4 月 2 日出售了其持有的近 3600 万股 GBTC 股票的全部股份，用所得收益购买了 32,041 枚比特币。

Bitcoin's Market Performance

比特币的市场表现

At the time of writing, the value of Bitcoin (BTC) stands at $70,640.85, representing a 0.05% increase in the past 24 hours. The market capitalization of BTC is $1,390,240,213,879, with a 24-hour trading volume of $29,676,808,236. BTC's all-time high was recorded on March 14, 2024, at $73,750.07, while its all-time low was $0.04865, reached on July 15, 2010.

截至撰写本文时，比特币 (BTC) 的价值为 70,640.85 美元，在过去 24 小时内上涨了 0.05%。 BTC市值为1,390,240,213,879美元，24小时交易量为29,676,808,236美元。 BTC的历史高点是在2024年3月14日创下的73,750.07美元，而其历史低点是在2010年7月15日达到的0.04865美元。

The ongoing outflows faced by GBTC highlight the competitive landscape for Bitcoin ETFs and the evolving investor sentiment towards fee structures. As the cryptocurrency market matures, investors are increasingly seeking cost-effective and efficient ways to gain exposure to digital assets.

GBTC 面临的持续资金外流凸显了比特币 ETF 的竞争格局以及投资者对费用结构不断变化的情绪。随着加密货币市场的成熟，投资者越来越多地寻求经济高效的方式来获得数字资产。