随着减半临近，灰度比特币信托受到赎回打击，竞争对手获得关注

在比特币减半即将到来之际，灰度比特币信托基金 (GBTC) 面临大量赎回，过去五天内撤回了超过 8990 万美元。这一流出是 1 月份以来趋势的一部分，总计 16 亿美元。贝莱德（BlackRock）和富达（Fidelity）等竞争对手的涌入，以较低的费用，扰乱了灰度的主导地位。尽管如此，机构投资者仍然看好比特币，RIA 和对冲基金可能会在减半后增加其比特币敞口。

GrayScale Bitcoin Trust Experiences Significant Redemptions Ahead of Halving Event, While Competitors Gain Ground

灰度比特币信托在减半事件之前经历了重大赎回，而竞争对手则取得了进展

Amidst heightened anticipation for the imminent Bitcoin halving event, Grayscale Bitcoin Trust (GBTC) has witnessed substantial redemptions, reflecting a cautious stance among investors. In the past five days alone, investors have withdrawn $89.9 million from the trust, bringing the total outflows since January to an alarming $1.6 billion.

在人们对即将到来的比特币减半事件的高度预期中，灰度比特币信托（GBTC）出现了大量赎回，反映出投资者的谨慎立场。仅在过去五天里，投资者就从该信托基金撤资 8990 万美元，使自 1 月份以来的总资金流出达到惊人的 16 亿美元。

This surge in redemptions suggests that investors are reassessing their positions in light of the impending halving, which is expected to reduce the supply of new Bitcoins by 50%. The significant outflows indicate a desire to mitigate potential risks associated with the event, which could impact the price of Bitcoin.

赎回激增表明，投资者正在根据即将到来的减半重新评估自己的头寸，预计新比特币的供应量将减少 50%。大量资金外流表明人们希望减轻与该事件相关的潜在风险，这可能会影响比特币的价格。

The GBTC redemptions have coincided with the emergence of new competitors in the digital asset management space. BlackRock and Fidelity have garnered considerable market share due to their lower fees, posing a formidable challenge to Grayscale.

GBTC 赎回恰逢数字资产管理领域新竞争对手的出现。贝莱德和富达凭借较低的费用获得了相当大的市场份额，对灰度构成了巨大的挑战。

Within a single week, Fidelity's Bitcoin Trust (FBTC) and BlackRock's Bitcoin Strategy (IBIT) funds attracted net inflows of approximately $37 million and $18.7 million, respectively. However, these inflows were short-lived, with BlackRock experiencing an outflow of around $17 billion on April 18th.

在一周之内，富达的比特币信托（FBTC）和贝莱德的比特币策略（IBIT）基金分别吸引了约 3700 万美元和 1870 万美元的净流入。然而，这些资金流入是短暂的，贝莱德在 4 月 18 日经历了约 170 亿美元的资金流出。

In response to the competitive landscape, Grayscale CEO Mike Sonnenshein has hinted at plans to reduce fees and introduce a new Bitcoin product, Bitcoin Mini Trust, aimed at providing exposure to Bitcoin at a lower cost than a full exchange of the cryptocurrency.

为了应对竞争格局，Grayscale 首席执行官 Mike Sonnenshein 暗示计划降低费用并推出新的比特币产品 Bitcoin Mini Trust，旨在以比加密货币完全交易更低的成本提供比特币敞口。

Despite the recent redemptions, institutional investors continue to express growing interest in Bitcoin. A recent report from Bitwise revealed that registered investment advisors (RIAs) and multifamily offices are actively considering including Bitcoin in their portfolios. Additionally, hedge funds are expected to increase their demand for Bitcoin following the halving.

尽管最近出现了赎回，机构投资者仍然对比特币表现出越来越大的兴趣。 Bitwise 最近的一份报告显示，注册投资顾问（RIA）和联合家族办公室正在积极考虑将比特币纳入其投资组合。此外，减半后，对冲基金预计将增加对比特币的需求。

The Bitcoin halving event, scheduled for May 12th, is a significant milestone in the cryptocurrency's history. Its potential impact on the price of Bitcoin remains uncertain, but investors are closely monitoring its approach. Meanwhile, Grayscale and its competitors will continue to adapt their strategies in a bid to capture market share in the increasingly competitive digital asset management industry.

定于 5 月 12 日举行的比特币减半事件是加密货币历史上的一个重要里程碑。它对比特币价格的潜在影响仍不确定，但投资者正在密切关注其做法。与此同时，灰度及其竞争对手将继续调整策略，以期在竞争日益激烈的数字资产管理行业中抢占市场份额。