比特幣（BTC）機構投資者於4月22日堆積了十一次進入美國現貨比特幣交易所交易所資金（ETF）的十一倍。

OnChain Analytics公司GlassNode的新數據證實，耗資9.12億美元的ETF流入相當於2025年平均值的500倍。

Key points:

要點：

Bitcoin ETF had an all-time average on April 22.

比特幣ETF在4月22日的歷史平均水平。

The performance of ETFs remains closely tied to BTC price action.

ETF的性能與BTC價格行動密切相關。

ETFs themselves are gaining influence, with one commentator arguing that they can “determine” exchange activity.

ETF本身正在受到影響，一位評論員認為他們可以“確定”交換活動。

Bitcoin (BTC) institutional investors piled over eleven times the all-time average into the US spot Bitcoin exchange-traded funds (ETFs) on April 22.

比特幣（BTC）機構投資者於4月22日堆積了十一次進入美國現貨比特幣交易所交易所資金（ETF）的十一倍。

Fresh data from onchain analytics firm Glassnode confirms that the $912 million ETF had more than 500 times the 2025 daily average.

OnChain Analytics公司GlassNode的新數據證實，9.12億美元的ETF的平均每日2025倍以上。

Bitcoin ETFs immediately felt the impact of BTC price rises this week, with inflows undergoing a “dramatic” turnaround to nearly $1 billion in a single day. BTC/USD hit its highest levels since early March.

比特幣ETF立即感受到了本週BTC價格的影響，一日的流入量“戲劇性”的周轉到近10億美元。 BTC/USD達到了3月初以來的最高水平。

Glassnode reveals just how unusual such a tally is - so far, in 2025, the average daily inflow has been just 23 BTC ($2.1 million).

GlassNode揭示瞭如此不尋常的計數 - 到目前為止，2025年，平均每日流入僅為23 BTC（210萬美元）。

“This was the largest daily inflow since November 11, 2024, marking a notable resurgence in demand,” researchers explained in an X thread on the topic.

研究人員在該主題的X線程中解釋說：“這是自2024年11月11日以來最大的每日流入。”

The April 22 total thus stands at over 500 times the average for a year in which dramatic sentiment shifts have led to periods of major outflows across the ETF cohort.

因此，4月22日的總數達到了一年的平均水平超過500倍，這導致了整個ETF隊列的大量流出時期。

Even in the context of the ETFs’ entire lifespan since their January 2024 launch, the $912 million figure is rare and constitutes around 11.5 times the daily average.

即使是自2024年1月推出以來ETF的整個壽命，這筆9.12億美元的數字也很少見，構成了每日平均水平的11.5倍。

“Since inception, the average daily inflow is approximately 1,031 $BTC, and the average over the last 90 days is 288 $BTC. This makes today's total a significant deviation,” Glassnode added.

GlassNode補充說：“自成立以來，平均每日流入約為1,031美元，而過去90天的平均水平為288美元。BTC。這使得今天的總偏差很大。”

ETFs become “marginal buyer” for BTC

ETF成為BTC的“邊際買家”

Continuing, Bloomberg ETF analyst Eric Balchunas was among those optimistic about the ETFs' change of fortunes.

繼續，彭博ETF分析師埃里克·巴爾庫納斯（Eric Balchunas）對ETF的命運變化感到樂觀。

“The spot bitcoin ETFs went Pac-Man mode yesterday. Inflows continue (now >$900M) and across most ETFs (not just iShares). Nearly $3B in bitcoin etf inflows since the start of the year are now making a difference. Maybe that's why we saw a return of exchange buying activity,” he noted to X followers.

“昨天的現貨比特幣ETF進行了PAC-Man模式。流入持續（現在> 9億美元）和大多數ETF（不僅是Ishares）。幾乎$ 3B的比特幣ETF流入自年以來，自年初以來就會有所作為。也許這就是為什麼我們看到了交易所購買活動的原因，”他對X關注者表示。 ”

Balchunas noted that inflows increased across most of the eleven ETFs - a move that contrasts with the common scenario in which the largest product, BlackRock’s iShares Bitcoin Trust (IBIT), takes in the lion’s share of investments.

Balchunas指出，在11個ETF的大部分時間中，流入量增加 - 此舉與最大產品BlackRock的Ishares Bitcoin Trust（IBIT）的共同情況形成鮮明對比。

Andre Dragosch, European head of research at asset management firm Bitwise, was equally buoyant.

資產管理公司Bitwise的歐洲研究負責人安德烈·德拉格斯（Andre Dragosch）同樣浮動。

“Great to see very positive net inflows into Bitcoin ETFs again - In fact, they have become 'the marginal buyer' in Bitcoin since Jan 2024. This is according to DeFI lending protocols, which saw a decrease in lending activity today despite Bitcoin price rises,” he observed alongside more Glassnode data.

“很高興再次看到非常積極的淨流入比特幣ETF-實際上，自2024年1月以來，它們已成為比特幣的'邊際買家。