比特幣 ETF 資金流出激增，灰階 GBTC 領漲

週四，GBTC 是 ETF 中唯一出現資金淨流出的基金，損失 5,500 萬美元，而 ARKB 則以 1,300 萬美元的淨流入領先。 Franklin Templeton、Valkyrie、Invesco 和 Galaxy Digital 的現貨比特幣 ETF 也出現了總計 600 萬美元的小幅淨流入。貝萊德 (BlackRock) 和富達 (Fidelity) 的比特幣基金報告稱流量為零，而周三創紀錄的 5.637 億美元比特幣 ETF 資金流出包括 FBTC 和 IBIT 的重大損失。

Bitcoin ETF Market Experiences Net Outflows, Grayscale's GBTC Leading the Trend

比特幣ETF市場出現淨流出，灰階GBTC領漲

Amidst a volatile cryptocurrency market, Bitcoin exchange-traded funds (ETFs) have witnessed significant net outflows, with Grayscale's GBTC emerging as the primary contributor to this trend. According to data from SoSoValue, GBTC experienced a net outflow of $55 million on Thursday, standing out as the sole ETF to record a net fund outflow during the day.

在動盪的加密貨幣市場中，比特幣交易所交易基金（ETF）出現了大幅淨流出，其中灰階的 GBTC 成為這一趨勢的主要貢獻者。 SoSoValue 數據顯示，GBTC 週四淨流出 5,500 萬美元，成為當天唯一錄得資金淨流出的 ETF。

Contrarily, Ark Invest's ARKB led the pack in terms of net inflows, adding a notable $13 million to its coffers. Other players, including Franklin Templeton, Valkyrie, Invesco, and Galaxy Digital's spot Bitcoin ETFs, also recorded modest net inflows totaling $6 million.

相反，Ark Invest 的 ARKB 在淨流入方面處於領先地位，為其金庫增加了 1,300 萬美元。其他參與者，包括 Franklin Templeton、Valkyrie、Invesco 和 Galaxy Digital 的現貨比特幣 ETF，也錄得總計 600 萬美元的小幅淨流入。

It is noteworthy that BlackRock and Fidelity's Bitcoin funds, ranking second and third in terms of total net assets, reported zero flow on Thursday. While this may raise some concerns, James Seyffart, ETF analyst at Bloomberg, assures that zero-flow days are a common occurrence in the ETF market.

值得注意的是，淨資產總額排名第二和第三的貝萊德和富達的比特幣基金週四報告為零流量。雖然這可能會引起一些擔憂，但彭博 ETF 分析師 James Seyffart 確信，零流量日在 ETF 市場上很常見。

The previous day, Wednesday, saw Bitcoin ETF outflows reach a record high of $563.7 million. This outflow figure marked the largest to date, reflecting the fluctuating sentiment among investors. Fidelity's FBTC initiated outflows just last week, surpassing GBTC with a fund outflow of $191 million. Wednesday also marked the first instance of BlackRock's IBIT registering a daily net outflow.

前一天（週三），比特幣 ETF 流出量達到 5.637 億美元，創下歷史新高。這一流出數字是迄今為止最大的，反映了投資者情緒的波動。富達旗下的FBTC上週才剛開始資金流出，以1.91億美元的資金流出超越GBTC。週三也是貝萊德 IBIT 首次出現每日淨流出。

Grayscale's GBTC played a prominent role in this outflow trend, spearheading the outflows with a substantial $55 million reduction in funds. However, Ark Invest's ARKB exhibited a contrasting pattern, witnessing a net inflow of $13 million, highlighting the diverse investment sentiments within the market.

Grayscale的GBTC在這一流出趨勢中發揮了突出作用，帶頭流出，資金大幅減少了5500萬美元。然而，Ark Invest 的 ARKB 卻展現出截然不同的格局，淨流入 1,300 萬美元，凸顯了市場投資情緒的多元化。

The preceding day had witnessed a record-setting moment in Bitcoin ETF outflows, totaling a staggering $563.7 million. Fidelity's FBTC and BlackRock's IBIT were among the funds experiencing significant outflows, signifying a broader movement of capital within the cryptocurrency investment landscape.

前一天，比特幣 ETF 流出量創下歷史新高，總計達到驚人的 5.637 億美元。富達 (Fidelity) 的 FBTC 和貝萊德 (BlackRock) 的 IBIT 等基金均出現大量資金外流，顯示加密貨幣投資領域的資本流動更加廣泛。

Despite these fluctuations, experts maintain a pragmatic view, asserting that such movements are inherent to the nature of ETFs. Seyffart emphasizes that while the outflow figures may appear significant, they should not necessarily be construed as detrimental to the market. Instead, they represent the normal ebb and flow of investments within these vehicles.

儘管有這些波動，專家們仍保持務實的觀點，認為這種波動是 ETF 本質所固有的。 Seyffart 強調，雖然資金外流數字看起來很大，但不一定會被視為對市場不利。相反，它們代表了這些工具內投資的正常潮起潮落。

Moreover, the broader sentiment surrounding Bitcoin remains largely optimistic, with experienced analysts like Peter Brandt anticipating a bullish trajectory for the flagship cryptocurrency in the foreseeable future. Such sentiments indicate a prevailing confidence in Bitcoin's long-term potential, despite short-term market fluctuations.

此外，圍繞比特幣的更廣泛情緒仍然基本樂觀，彼得·布蘭特等經驗豐富的分析師預計在可預見的未來，旗艦加密貨幣將呈現看漲軌跡。儘管存在短期市場波動，這種情緒表明人們對比特幣的長期潛力普遍充滿信心。

However, seasoned analysts caution against interpreting these outflows as red flags for the market. Seyffart emphasizes the inherent fluidity of ETF operations, stating that entries and exits are routine occurrences in the ETF landscape. While the outflow figure might raise eyebrows, it shouldn't be construed as a major negative indicator for the market.

然而，經驗豐富的分析師警告不要將這些資金外流解讀為市場的危險訊號。 Seyffart 強調 ETF 操作固有的流動性，指出進入和退出是 ETF 領域的常規現象。儘管資金流出數據可能令人驚訝，但不應將其視為市場的主要負面指標。

For Bitcoin, the flagship cryptocurrency, recent sentiments hint at an optimistic trajectory ahead. Respected analyst Peter Brandt has made a bullish prediction for BTC, forecasting a bullish trend in the price movement.

對於旗艦加密貨幣比特幣來說，最近的情緒暗示著未來的樂觀軌跡。受人尊敬的分析師 Peter Brandt 對 BTC 做出了看漲預測，預測價格趨勢將呈現看漲趨勢。

In a landscape where uncertainty dances hand in hand with opportunity, investors navigate through the ebb and flow of the cryptocurrency market. Each rise and fall, each inflow and outflow, paints a picture of a market in constant flux, a realm where fortunes are made and lost with a stroke of a key.

在不確定性與機會並存的環境中，投資者在加密貨幣市場的潮起潮落中航行。每一次的上漲和下跌，每一次的流入和流出，都描繪了一幅不斷變化的市場圖景，一個財富的創造和損失只需敲擊一個鑰匙的領域。

As Bitcoin continues to capture the imagination of investors worldwide, the saga unfolds, propelled by the relentless march of technology and the insatiable quest for financial innovation. In this digital age, where borders blur and traditional paradigms shift, the story of Bitcoin ETFs serves as a microcosm of a larger narrative, one where change is the only constant and adaptation is the key to survival.

隨著比特幣繼續吸引全球投資者的想像力，在科技的不斷進步和對金融創新的永不滿足的追求的推動下，這個傳奇故事不斷展開。在這個邊界模糊、傳統範式轉變的數位時代，比特幣 ETF 的故事是一個更大敘事的縮影，在這個時代，變化是唯一不變的，適應是生存的關鍵。

As the market continues to evolve and adapt, one thing remains certain: in the realm of cryptocurrency, the only constant is change. And for those brave enough to embrace it, the rewards may be boundless.

隨著市場不斷發展和適應，有一點是確定的：在加密貨幣領域，唯一不變的就是改變。對於那些有勇氣擁抱它的人來說，回報可能是無限的。