比特幣（BTC）ETF市場因雷擊而震撼

加密市場（Crypto Market）被閃電所吸引，因為更廣泛的市場努力收回以前的高點。

The crypto market has been struck with lightning as the broader market struggles to reclaim previous highs.

加密市場（Crypto Market）被閃電所吸引，因為更廣泛的市場努力收回以前的高點。

The hardest-hit sector remains Exchange-Traded Funds (ETFs), which have been in a prolonged slump.

受到艱難的部門仍然是交換貿易資金（ETF），這些資金一直處於長時間的低迷狀態。

Bitcoin ETFs struggle

比特幣ETF掙扎

A deeper look into the market shows that the U.S. spot Bitcoin [BTC] ETF market has faced a sharp decline, with net inflows struggling to gain momentum.

對市場的更深入的看法表明，美國現場比特幣[BTC] ETF市場面臨著急劇下降的幅度，淨流入努力獲得動力。

February saw only five days of positive inflows, while March has recorded just one so far.

2月只有五天的積極流入，而三月到目前為止僅記錄了1天。

As a result, the total net inflows since the start of 2025 have nearly been wiped out, with fund values dropping by almost 25% from their late January peak.

結果，自2025年初以來的總淨流入幾乎被淘汰，基金價值比1月下旬的峰值下降了近25％。

According to SoSoValue data, the cumulative net inflows currently stand at $35.20 billion—only slightly above the $35.00 billion recorded on the first trading day of the year.

根據Sosovalue數據，累計淨流入目前為3520億美元，僅高於一年中第一交易當天記錄的3500億美元。

Community concerned

社區有關

This downturn mirrors Bitcoin’s price struggles, raising concerns about investor sentiment in the ETF space.

這種低迷反映了比特幣的價格掙扎，引起了對ETF領域投資者情緒的擔憂。

Remarking on the same, an X account noted, 

X帳戶在同一情況下說，

“Looks like it’s been a wild ride for Bitcoin ETFs this year! Market trends sure know how to keep us on our toes.” 

“對於今年的比特幣ETF來說，這似乎是一次瘋狂的旅程！市場趨勢肯定知道如何使我們保持腳趾。”

Adding to the fray was another X user-added, 

添加到競爭中是另一個X用戶添加，

“Looks like Bitcoin ETFs are taking a nosedive—erasing year-to-date gains is no small feat. Cumulative inflows hitting lows not seen since January? That’s a big red flag. Time to reassess those bullish narratives, folks.” 

“看起來比特幣ETF正在努力 - 逐漸逐漸收益並不是一件小事。自一月以來從未見過的低點累積流入？那是一個大的危險信號。是時候重新評估那些看漲的敘述，伙計們了。”

Despite a slight recovery in the total value of assets under management (AUM) for BTC ETFs, the underlying trend remains concerning.

儘管BTC ETF的管理資產總值（AUM）的總價值略有恢復，但基本趨勢仍然令人擔憂。

The recent 10% increase in Bitcoin’s price has contributed to this uptick, but it masks the persistent net-negative outflows recorded in recent weeks.

比特幣價格最近提高了10％的增長，這導致了這一上漲，但它掩蓋了最近幾週記錄的持續淨陰性外流。

Recent downturn

最近的經濟低迷

Recently, too Bitcoin ETFs experienced net withdrawals of $371 million on the 11th of March, marking the seventh consecutive day of capital outflows.

最近，比特幣ETFS在3月11日的淨撤離額為3.71億美元，標誌著連續第七天的資本流出。

This downward trend extended beyond BTC, as Ethereum [ETH] ETFs have also struggled, registering $21.57 million in net outflows for five straight days.

隨著以太坊（ETH）ETF也在掙扎中，這種下降趨勢擴展到了BTC之外，連續五天獲得了2157萬美元的淨外流。

Needless to say, as Bitcoin ETFs face mounting challenges, the spotlight is shifting toward alternative cryptocurrency funds.

不用說，當比特幣ETF面臨越來越多的挑戰時，聚光燈正在轉向替代加密貨幣基金。

Will altcoin ETFs take the spotlight?

Altcoin ETF會引起人們的關注嗎？

As per reports, a growing number of asset managers are now racing to introduce the first altcoin ETFs, aiming to diversify the market beyond BTC.

據報導，越來越多的資產經理正在競爭引入第一個Altcoin ETF，旨在使BTC以外的市場多樣化。

Proposed funds include holdings in assets such as Polkadot, Axelar, and Avalanche, reflecting a broader interest in expanding institutional investment options.

擬議的資金包括Polkadot，Axelar和Avalanche等資產的持股，反映出對擴大機構投資選擇的更廣泛興趣。

However, analysts suggest that the most likely contenders for regulatory approval are Litecoin [LTC], Ripple [XRP], Solana [SOL], and Dogecoin [DOGE] ETFs.

然而，分析人士認為，最有可能獲得監管批准的競爭者是Litecoin [LTC]，Ripple [XRP]，Solana [Sol]和Dogecoin [Doge] ETFS。

If approved, these funds could inject fresh momentum into the crypto investment landscape, potentially reshaping market dynamics amid Bitcoin’s ongoing struggles.

如果獲得批准，這些資金可以將新的動力注入加密投資格局，從而在比特幣持續的鬥爭中重塑市場動態。