比特幣 (BTC) 評論家 Peter Schiff 質疑現貨 ETF 對市場的影響

經濟學家兼比特幣/美元堅定評論家 Peter Schiff 再次買入與該數位資產相關的現貨 ETF。

Prolific Economist and gold enthusiast Peter Schiff has once again taken aim at spot ETFs linked to Bitcoin (CRYPTO: BTC), questioning their impact on the digital asset's price movement.

多產經濟學家和黃金愛好者 Peter Schiff 再次瞄準與比特幣（CRYPTO：BTC）相關的現貨 ETF，質疑它們對數位資產價格走勢的影響。

What Happened: On Tuesday, Schiff took to Meta (NASDAQ:META) Platforms' X, a service formerly known as Twitter, to highlight that despite 11 spot Bitcoin ETFs buying the asset, Bitcoin has traded sideways for over three months.

發生了什麼：週二，Schiff 在Meta (NASDAQ:META) Platforms 的X（一項以前稱為Twitter 的服務）上強調，儘管有11 只現貨比特幣ETF 購買了該資產，但比特幣已經橫盤交易了三個多月。

"The current price is 11% below the March high. If ETF buyers are buying, what is causing sell pressure on Bitcoin? What happens when ETF buyers get tired of waiting and become sellers too?" he questioned.

「目前的價格比 3 月高點低 11%。如果 ETF 買家正在買入，那麼是什麼導致了比特幣的拋售壓力？當 ETF 買家厭倦了等待並也成為賣家時會發生什麼？”他問。

Well-known cryptocurrency analyst James Van Straten countered Schiff's arguments by linking the ongoing downturn in Bitcoin market to basis trading, a market-neutral strategy that uses the difference between the spot price and the futures contract price of an asset.

著名加密貨幣分析師James Van Straten 反駁了Schiff 的觀點，他將比特幣市場的持續低迷與基差交易聯繫起來，基差交易是一種利用資產現貨價格與期貨合約價格之間差異的市場中性策略。

He further explained that Bitcoin's average realized price was in the $50,000 zone, higher than what it was during ETF launch. "ETF buyers are in healthy profit," Van Straten asserted.

他進一步解釋說，比特幣的平均實現價格位於 50,000 美元區域，高於 ETF 推出期間的價格。 「ETF 買家獲得了可觀的利潤，」Van Straten 斷言。

Schiff's comments come just a week after he warned that reliance on institutional ETF buying to drive up Bitcoin prices could lead to market instability.

希夫發表此番言論的一周前，他曾警告稱，依靠機構 ETF 購買來推高比特幣價格可能會導致市場不穩定。

Prior to this, he used the excitement around Ethereum (CRYPTO: ETH) spot ETF approvals to question the future of Bitcoin, suggesting that any funds used to buy new Ether ETFs would likely come from existing Bitcoin ETFs.

在此之前，他利用以太坊（CRYPTO：ETH）現貨 ETF 批准的興奮來質疑比特幣的未來，暗示用於購買新以太坊 ETF 的任何資金可能來自現有的比特幣 ETF。