现货比特币ETF在终生净流动中达到了新的历史最高水平，飙升至403.3亿美元

现货比特币交易所交易基金（ETF）已达到了终生净流的历史最高水平，截至2025年5月8日，升至403.3亿美元。

The narrative around cryptocurrencies has shifted drastically in recent times. Beginning with the narrative of an impending doom for cryptocurrencies due to the looming doom of a global macroeconomic slowdown, which many believed would be signaled by a widening in the U.S. Bank Credit and a decline in Payrolls, which would then lead to a complete shutdown of the market. However, to the surprise of many, the market has shown resilience.

最近，围绕加密货币的叙述发生了巨大变化。首先是由于全球宏观经济放缓的迫在眉睫的厄运而迫在眉睫的厄运的叙述，许多人认为这将通过美国银行信贷的扩大和薪资的下降表示信号，这将导致市场的完全关闭。但是，令许多人惊讶的是，市场表现出弹性。

According to Bloomberg's "Thinking on the Margin" report, as shared by James Seyffart and further noted by ETF analyst Eric Balchunas, Spot Bitcoin exchange-traded funds (ETFs) have reached a new all-time high in lifetime net flows.

根据詹姆斯·塞法特（James Seyffart）和ETF分析师埃里克·巴尔库纳斯（Eric Balchunas）的进一步指出，彭博社的“余额思维”报告称，现货比特币交换基金（ETF）在终身净流中达到了新的历史最高水平。

As of Monday, May 12, these ETFs have seen an astounding $40.33 billion in lifetime net flows, to be precise. This new peak surpasses the previous high-water mark of $40.25 billion, which was attained on February 7.

截至5月12日星期一，确切地说，这些ETF的终身净流量令人震惊。这个新的山峰超过了以前的高水位，402.5亿美元，这是2月7日达到的。

It is important to note that these figures reflect the net flows, taking into account both money flowing into the ETFs and out of them.

重要的是要注意，这些数字反映了净流，考虑到流入ETF的钱和净额。

Net Flows Timeline

净流时间线

Highlighting the importance of this metric, Balchunas added: “For those wondering, #1 most important metric to watch is l/t net. Very hard to grow, pure truth, no BS. Amazing resilience from these BTC ETFs to get back to +. Strength of this is still low investor exits, recovery is a byproduct of barely anyone leaving.”

Balchunas强调了这个指标的重要性，“对于那些想知道的人来说，要观看的最重要的指标是L/T网。很难成长，纯粹的真理，没有BS。这些BTC ETF的惊人韧性可以恢复到 +。这仍然是很低的投资，恢复的人是少于任何人离开的人。”

This achievement by Bitcoin ETFs is particularly noteworthy as it comes just weeks after Benetti highlighted the stifling impact of global macroeconomic uncertainty on cryptocurrencies.

比特币ETF的这一成就尤其值得注意，因为贝内蒂强调了全球宏观经济不确定性对加密货币的令人窒息的影响。

As the narrative around Bitcoin and other cryptocurrencies continues to evolve with institutional adoption and market sentiment playing crucial roles, this new milestone underscores the pivotal role ETFs are now playing in Bitcoin’s maturing financial narrative.

随着围绕比特币和其他加密货币的叙事随着机构采用和市场情绪的扮演关键角色的发展而不断发展，这个新的里程碑强调了ETF的关键作用ETF现在在比特币的成熟财务叙事中扮演。

The post Most Important Metric to Watch, According to Bloomberg Analyst , באתר Investing News.

据彭博分析师称，该帖子最重要的指标是投资新闻。