隨著總統特朗普的解放日倒計時的繼續，比特幣ETF（交易所貿易資金）繼續記錄了負面流量。

Farside投資者的數據顯示，自周一以來，比特幣ETF連續兩天的淨流出。 Bitwise（BitB），ARK Invest（ARKB）和Wisdomtree（BTCW）的金融工具在周一的6060萬美元外流方面處於前線，只有BlackRock的IBIT看到了積極的流動。

Bitcoin ETFs (exchange-traded funds) continue to record negative flows this week as President Trump’s Liberation Day countdown continues.

隨著總統特朗普的解放日倒計時的繼續，比特幣ETF（交易所貿易資金）繼續記錄了負面流量。

The pessimism in the crypto market is palpable, with traders and investors adopting a wait-and-see approach, especially ahead of Trump’s announcement, which is due later in the day on Thursday.

加密貨幣市場的悲觀主義是顯而易見的，貿易商和投資者採用了等待方式，尤其是在特朗普公告之前，該方法將於週四晚些時候到期。

Bitcoin ETF See Outflows Amid Investor Caution

在投資者的謹慎時，比特幣ETF看到流出

Data on Farside Investors shows two consecutive days of net outflows for Bitcoin ETFs since Monday. Financial instruments from Bitwise (BITB), Ark Invest (ARKB), and WisdomTree (BTCW) were in the frontline for Monday’s $60.6 million outflows, with only BlackRock’s IBIT seeing positive flows.

Farside投資者的數據顯示，自周一以來，比特幣ETF連續兩天的淨流出。 Bitwise（BitB），ARK Invest（ARKB）和Wisdomtree（BTCW）的金融工具在周一的6060萬美元外流方面處於前線，只有BlackRock的IBIT看到了積極的流動。

On the other hand, Tuesday saw even more outflows, approaching $158 million, with Bitwise and Ark Invest leading the charge. Then, on April 1, BlackRock’s IBIT recorded zero flows.

另一方面，週二的流出甚至更多，接近1.58億美元，而Bitwise和Ark投資領導了這一指控。然後，在4月1日，BlackRock的IBIT記錄了零流量。

Meanwhile, Ethereum ETFs recorded net outflows of $3.6 million, data on Farside shows. This suggests a cautious sentiment among institutional investors.

同時，Ethereum ETF記錄了360萬美元的淨流出，Farside顯示。這表明機構投資者之間的情緒謹慎。

“The Spot Bitcoin ETFs saw $157.8 million outflow yesterday. The Spot Ethereum ETFs saw a $3.6 million outflow. Institutions are reducing risk ahead of today’s tariff announcement,” analyst Crypto Rover noted.

“昨天，現貨比特幣ETF昨天流出了1.578億美元。當地的以太坊ETF看到了360萬美元的流出。機構在今天的關稅宣布之前正在降低風險，”分析師Crypto Rover指出。

Indeed, sentiment suggests traders are exercising caution, choosing to remain in “wait-and-see” mode.

的確，情緒表明貿易商正在謹慎行事，選擇保持“等待”模式。

The caution comes ahead of Trump’s Liberation Day announcement, which is due later in the day on Thursday.

在特朗普的解放日宣布之前，該警告是在星期四晚些時候舉行的。

With POTUS poised to unveil sweeping new tariffs, traders and investors across financial playing fields wait to see the scope of an onslaught that could spark a global trade war. Specifically, there is generally very little information about the tariffs’ specifics, which creates uncertainty regarding their impact on the broader economy and the crypto market.

隨著POTUS準備揭開新的關稅，跨金融競爭環境的商人和投資者等待看到可能引發全球貿易戰的衝擊範圍。具體而言，關於關稅細節的信息通常很少，這對它們對更廣泛的經濟和加密市場的影響產生了不確定性。

“The White House has not reached a firm decision on their tariff plan,” Bloomberg reported, citing people close to the matter.

彭博社報導說：“白宮尚未就其關稅計劃做出堅定的決定。”

Despite the lack of clarity, it is understandable why investors would be cautious considering the impact of previous tariff announcements on Bitcoin price.

儘管缺乏清晰度，但考慮到以前的關稅公告對比特幣價格的影響，投資者會保持謹慎，這是可以理解的。

Meanwhile, analysts predict extreme market volatility, with potential stock and crypto crashes reaching 10-15% if Trump enforces broad tariffs.

同時，分析師預測極端市場波動，如果特朗普徵收廣泛的關稅，潛在的股票和加密貨幣崩潰將達到10-15％。

“April 2nd is similar to election night. It is the biggest event of the year by an order of magnitude. 10x more important than any FOMC, which is a lot. And anything can happen,” economic analyst Alex Krüger predicted.

“ 4月2日與選舉之夜相似。這是一年中最大的事件。訂單比任何FOMC都重要的10倍，這一切都可能發生。”經濟分析師AlexKrüger預測。

While sentiment is cautious in the crypto market, some investors are channeling toward gold as a safe haven. A Bank of America survey showed that 58% of fund managers prefer gold as a trade war safe haven, while only 3% back Bitcoin.

儘管情緒在加密市場上謹慎，但一些投資者正在將黃金作為避風港轉向。美國銀行的一項調查顯示，有58％的基金經理更喜歡黃金作為貿易戰避風港，而只有3％的後比特幣。

These findings came as institutional investors cite Bitcoin’s volatility and limited crisis-time liquidity as key barriers to its safe-haven adoption. Trade tensions have historically driven capital into safe-haven assets.

這些發現是因為機構投資者將比特幣的波動性和有限的危機流動性作為其安全採用的關鍵障礙。歷史上，貿易緊張局勢將資本驅動到避風港資產中。

With Trump’s Liberation Day announcement looming, investors preemptively position themselves again, favoring gold over Bitcoin.

隨著特朗普的解放日宣布迫在眉睫，投資者再次搶先地定位自己，而不是比特幣。

Nevertheless, despite Bitcoin’s struggle to capture institutional safe-haven flows, its long-term narrative remains intact. This is seen with Bitcoin supply on exchanges dropping to just 7.53%, the lowest since February 2018.

然而，儘管比特幣努力捕獲機構避風港的流動，但其長期敘述仍然完好無損。這是自2018年2月以來最低的交易所比特幣供應量下降到7.53％的供應。

When an asset’s supply on exchanges reduces, investors are unwilling to sell, suggesting strong long-term holder confidence.

當資產的交易所供應減少時，投資者不願出售，這表明長期持有人的信心很強。