中國ETF市場資金流出創紀錄，比特幣吸引美國投資者

11 月 18 日至 22 日這一周，交易所交易基金 (ETF) 市場出現大幅波動。美國現貨比特幣 ETF 經歷了第四週的投資表現，而中國 ETF 則遭遇了史上最大規模的資本外流，這標誌著全球採用比特幣的另一個積極跡象。

The week of November 18 to 22 was marked by contrasting movements in the exchange-traded funds (ETF) market, with U.S.-based spot Bitcoin ETFs experiencing their fourth-best week of investments, while China-based ETFs suffered their largest capital outflows in history.

11 月18 日至22 日這一周，交易所交易基金(ETF) 市場的走勢形成鮮明對比，美國現貨比特幣ETF 經歷了第四好的投資週，而中國ETF 則遭遇了2019 年最大的資本外流。

A mixed week for global ETFs

全球 ETF 喜憂參半的一周

Data from CoinShares revealed that U.S.-based spot Bitcoin ETFs recorded a cumulative total of $2.42 billion in inflows during this trading week. This figure marks the fourth-largest week of inflows since the launch of these ETFs in January.

CoinShares的數據顯示，美國現貨比特幣ETF在本週交易中累計流入24.2億美元。這一數字標誌著自 1 月推出這些 ETF 以來第四大資金流入週。

These inflows indicate a strong interest from investors in adding Bitcoin to their portfolios, despite the market fluctuations observed throughout the week.

儘管本週市場出現波動，但這些資金流入表明投資者對將比特幣添加到投資組合中的強烈興趣。

On the other hand, China-based ETFs experienced capital outflows of over $2 billion, according to the report. This outflow is the largest weekly capital outflow in history.

另一方面，報告稱，中國 ETF 的資本外流超過 20 億美元。此次流出是史上最大的單週資本流出。

Despite stimulus measures comparable to those used during the pandemic, China's economic performance appears to be worsening. Recent data indicates that the Chinese economy is struggling, which may be a contributing factor to these massive capital outflows.

儘管採取了與大流行期間類似的刺激措施，但中國的經濟表現似乎正在惡化。最近的數據表明，中國經濟陷入困境，這可能是導致資本大規模外流的因素。

Bitcoin increasingly attracts American investors

比特幣越來越吸引美國投資者

These contrasting movements between U.S. Bitcoin ETFs and Chinese ETFs highlight the disparities in economic dynamics and investor sentiments across different regions of the world.

美國比特幣 ETF 和中國 ETF 的對比走勢凸顯了世界不同地區經濟動態和投資者情緒的差異。

While American investors are displaying increasing confidence in Bitcoin's potential as an investment, Chinese investors seem to be withdrawing from local financial markets.

儘管美國投資者對比特幣作為投資的潛力表現出越來越大的信心，但中國投資者似乎正在退出當地金融市場。

The growing adoption of Bitcoin, as evidenced by significant inflows into U.S. Bitcoin ETFs, could suggest a long-term trend towards broader acceptance of cryptocurrencies as an asset class.

美國比特幣 ETF 的大量資金流入證明了比特幣的日益普及，這可能表明加密貨幣作為資產類別被更廣泛接受的長期趨勢。

Meanwhile, economic challenges in China, as indicated by capital outflows from ETFs, may continue to influence investment decisions and capital flows in the region.

同時，ETF 資本外流顯示中國面臨的經濟挑戰可能會繼續影響該地區的投資決策和資本流動。

In summary, the week of November 18 to 22 provided valuable insights into the current trends in the ETF markets, with potential implications for the future of Bitcoin investment and the global economy.

總之，11 月 18 日至 22 日這一周為 ETF 市場當前趨勢提供了寶貴的見解，對比特幣投資和全球經濟的未來具有潛在影響。