比特幣 ETF 淨流量連續第三天淨流出

SoSoValue的數據顯示，過去三個交易日，比特幣ETF流出了近12億美元。

Bitcoin ETF netflows in the United States have recorded three consecutive days of outflows leading up to Christmas. Moreover, these ETFs set a new single-day outflow record, temporarily weakening Bitcoin’s upward momentum.

聖誕節前夕，美國比特幣 ETF 淨流量已連續三天出現流出。而且，這些ETF創下了新的單日流出紀錄，暫時削弱了比特幣的上漲動力。

However, Ethereum ETFs in the US showed positive signs with a net inflow.

然而，美國的以太坊ETF卻顯示出淨流入的正面跡象。

Bitcoin ETFs Witness Net Outflows for the Third Consecutive Day

比特幣 ETF 連續第三天出現淨流出

Data from SoSoValue indicates that Bitcoin ETFs experienced an outflow of nearly $1.2 billion in the past three trading days. Notably, December 19 saw outflows reach $680 million, the highest single-day outflow since Bitcoin ETFs were approved.

SoSoValue的數據顯示，過去三個交易日，比特幣ETF流出了近12億美元。值得注意的是，12 月 19 日的資金流出量達到 6.8 億美元，這是自比特幣 ETF 獲準以來的最高單日流出量。

“A significant outflow like this raises the question of whether it’s merely profit-taking or a more structural shift in capital. The most likely explanation at this stage is profit-taking, but it’s worth monitoring market sentiment and institutional moves to confirm.”

「像這樣的大規模資本外流引發了一個問題：這是否只是獲利回吐，還是資本的結構性轉變。現階段最可能的解釋是獲利了結，但值得監控市場情緒和機構舉措來確認。

Prior to this, Bitcoin ETFs recorded 15 consecutive days of positive netflows, pushing total net assets from $100 billion to $121 billion. However, the recent three-day outflow contributed to a drop in total net assets to $105 billion.

在此之前，比特幣ETF連續15天錄得正淨流量，將總淨資產從1,000億美元推至1,210億美元。然而，最近三天的資金流出導致淨資產總額下降至1,050億美元。

Data from Coinglass reveals that Grayscale’s GBTC was a major contributor to the outflows, having sold 1,870 BTC in the last three trading days. This significantly outweighed the buying activity from BlackRock’s IBIT during the same period.

Coinglass 的數據顯示，Grayscale 的 GBTC 是資金外流的主要原因，在過去三個交易日內售出了 1,870 BTC。這大大超過了同期貝萊德 IBIT 的購買活動。

Despite the three-day negative netflows, investor optimism toward Bitcoin remains strong. In December, Bitcoin ETFs surpassed gold ETFs in assets under management (AUM), signaling growing confidence in digital assets from both institutional and retail investors.

儘管淨流量連續三天為負，但投資者對比特幣的樂觀情緒仍然強勁。 12 月，比特幣 ETF 的管理資產（AUM）超過了黃金 ETF，顯示機構和散戶投資者對數位資產的信心不斷增強。

Interestingly, while money flowed out of Bitcoin ETFs, Ethereum ETFs saw inflows during the December 23 trading session. While Bitcoin ETFs experienced $226 million in outflows, Ethereum ETFs attracted over $130 million in inflows. Additionally, BlackRock’s Ethereum ETF now holds more than 1,000,000 ETH.

有趣的是，雖然資金從比特幣 ETF 流出，但以太坊 ETF 在 12 月 23 日的交易時段卻出現資金流入。比特幣 ETF 經歷了 2.26 億美元的資金流出，而以太坊 ETF 則吸引了超過 1.3 億美元的資金流入。此外，貝萊德的以太坊 ETF 目前持有超過 1,000,000 枚 ETH。

Many investors believe this could signal positive momentum for Ethereum and altcoins, especially after Ethereum’s price dropped from $4,100 to nearly $3,100 in December.

許多投資者認為，這可能預示著以太坊和山寨幣的積極勢頭，特別是在以太坊價格從 4,100 美元跌至 12 月的近 3,100 美元之後。

“BlackRock’s Ethereum ETF now holds over 1,000,000 ETH. This data, paired with the fact that ETH is still consolidating below its all-time high, is an altcoin season indicator like we’ve never seen before.”

「貝萊德的以太坊 ETF 目前持有超過 1,000,000 枚 ETH。這一數據，再加上 ETH 仍在歷史高點下方盤整的事實，是我們以前從未見過的山寨幣季節指標。