比特幣 (BTC) ETF 創下單日大規模流出紀錄

美國上市的現貨比特幣 ETF 在錄得兩天資金流出後，本月初表現不佳。

Bitcoin (BTC) exchange-traded funds (ETFs) saw their second-largest single-day net outflow on Monday, a day before the US elections, as the broader markets reacted to the market volatility and speculation.

週一，即美國大選前一天，隨著大盤對市場波動和投機做出反應，比特幣（BTC）交易所交易基金（ETF）出現第二大單日淨流出。

The crypto-based investment products saw their second consecutive red day before the US elections, ending a seven-day positive streak.

基於加密貨幣的投資產品在美國大選前連續第二天出現下跌，結束了連續 7 天的上漲勢頭。

Bitcoin ETFs Record Massive Outflow Day, What’s Next?

比特幣 ETF 創下巨額流出日，接下來會發生什麼事？

US-listed spot Bitcoin (BTC) ETFs started the month negatively after recording two days of outflows. The investment products performed remarkably for most of October, seeing four consecutive green weeks and surpassing the $2 billion mark twice.

美國上市的現貨比特幣 ETF 在錄得兩天資金流出後，本月初表現不佳。這些投資產品在 10 月的大部分時間裡表現出色，連續四周呈現綠色，並兩次突破 20 億美元大關。

Last week, Bitcoin ETF recorded $2.2 billion in inflows, leading the crypto investment products’ positive performance for the fourth week straight. However, the funds saw a significant net flow decrease from October 30 to October 31 as Bitcoin’s price struggled, going from $893.3 million in inflows to only $32.3 million.

上週，比特幣 ETF 錄得 22 億美元資金流入，連續第四周引領加密貨幣投資產品的正面表現。然而，由於比特幣價格陷入困境，從 10 月 30 日到 10 月 31 日，這些基金的淨流量大幅減少，流入量從 8.933 億美元降至僅 3,230 萬美元。

On Friday, BTC ETFs had their first red day since October 22, ending their seven-day streak with $54.9 million in outflows. The negative sentiment continued at the start of this week, as Bitcoin-based investment products registered the second-largest single-day net outflow since their launch in January.

週五，BTC ETF 迎來了自 10 月 22 日以來的首個紅色日，以 5,490 萬美元的資金流出結束了連續 7 天的流出。本周初，負面情緒仍在持續，基於比特幣的投資產品錄得自 1 月推出以來第二大單日淨流出。

The funds saw their largest red-performing day on May 2, with $563 million in outflows. Meanwhile, Bitcoin ETFs saw $541.1 million in outflows this Monday. Reportedly, Bitwise’s BITB, AKR Invest’s ARKB, and Grayscale’s Mini Trust (BTC) had record outflow days on November 4.

這些基金在 5 月 2 日出現了最大的紅色表現，流出了 5.63 億美元。同時，週一比特幣 ETF 資金流出 5.411 億美元。據報道，Bitwise 的 BITB、AKR Invest 的 ARKB 和 Grayscale 的 Mini Trust（BTC）在 11 月 4 日的流出天數創下了紀錄。

According to data from Farside Investors, BITB and BTC saw $79.8 million and $89.5 million in outflows, respectively, while ARB registered $138.3 million in negative net flows. Nonetheless, Fidelity’s FBTC led yesterday’s losses with $169.6 million in outflows, its second worst-performing day.

Farside Investors 的數據顯示，BITB 和 BTC 的資金流出分別為 7,980 萬美元和 8,950 萬美元，而 ARB 的淨流出量為 1.383 億美元。儘管如此，富達 (Fidelity) 旗下的 FBTC 昨天仍以 1.696 億美元的資金流出領跌，這是其表現第二差的一天。

BlackRock’s IBIT was the only BTC ETF to see a positive net flow yesterday, with $38.4 million in inflows.

貝萊德的 IBIT 是昨天唯一一隻出現淨流入的 BTC ETF，流入額為 3,840 萬美元。

Bitcoin ETFs To Continue Thriving Despite Election Results

儘管選舉結果如何，比特幣 ETF 仍將繼續蓬勃發展

The massive outflows from Bitcoin ETFs come just one day before the US elections, which have brought market volatility and speculation to the forefront. Several experts concurred that the investment products are being affected by the event.

就在美國大選前一天，比特幣 ETF 出現大規模資金流出，這使得市場波動和投機行為成為焦點。多位專家一致認為，投資產品正受到事件的影響。

In a Tuesday interview, Bloomberg analyst Eric Balchunas noted that the election is a big variable that could further impact Bitcoin’s price action and ETFs’ performance.

彭博分析師 Eric Balchunas 在周二的採訪中指出，選舉是一個很大的變量，可能會進一步影響比特幣的價格走勢和 ETF 的表現。

However, he considers that the investment products’ net flow, which is at $29 billion, has held “real thought” throughout the “couple of downturns” seen this year, suggesting BTC ETFs’ performance will surpass all expectations for its first year, even if the election’s outcome negatively impacts the market.

然而，他認為投資產品 290 億美元的淨流量在今年的“幾次低迷”中一直保持著“真實的想法”，這表明 BTC ETF 的表現將超出第一年的所有預期，即使如果選舉結果對市場產生負面影響。

Balchunas called ETFs the “premier vehicle” for traditional investors and a “disruptive powerhouse” that has “a lot of spiritual connection” with Bitcoin. To the analyst, these connections make Bitcoins ETFs a strong long-term combination.

Balchunas 稱 ETF 是傳統投資者的“首要工具”，也是與比特幣有“很多精神聯繫”的“顛覆性動力”。對於分析師來說，這些聯繫使比特幣 ETF 成為一個強大的長期組合。

Meanwhile, Bitwise’s Chief Investment Officer (CIO), Matt Hougan, asserted that “crypto has already won” regardless of the election’s outcome but suggested that a Trump victory would be better for the market in the short term.

與此同時，Bitwise 首席投資官 (CIO) Matt Hougan 斷言，無論選舉結果如何，“加密貨幣已經獲勝”，但暗示川普的勝利在短期內對市場來說會更好。

To Hougan, the only possible “bad” outcome would be a Democratic sweep. Nevertheless, he would remain bullish on that scenario and buy the dip as the past four years have taught him that “Washington can’t stop crypto.”

對霍根來說，唯一可能的「壞」結果就是民主黨大獲全勝。儘管如此，他仍然看好這種情況並逢低買入，因為過去四年告訴他「華盛頓無法阻止加密貨幣」。

In the end, Bitwise’s CIO stated that spot crypto-based ETFs will continue to see inflows, and the industry will keep growing, even if the market slows down.

最後，Bitwise 的 CIO 表示，即使市場放緩，基於現貨加密貨幣的 ETF 將繼續出現資金流入，該行業也將繼續成長。