比特幣ETF經驗記錄流出，投資者拋棄其持股

根據加密分析公司Coinglass彙編的數據，該小組在周二經歷了11個SEC批准的比特幣ETF經歷了有史以來最大的流出。

A group of 11 SEC-approved bitcoin ETFs saw a record $1 billion in outflows on Tuesday, according to crypto analytics firm CoinGlass. That far exceeds the previous record of $672 million in daily outflows set in December.

據加密分析公司Coinglass稱，一組由11秒批准的比特幣ETF在周二的外流中獲得了創紀錄的10億美元外流。這遠遠超過了12月創下的每日流出6.72億美元的記錄。

The record outflows follow a six-day decline during which the assets lost more than $2 billion overall as investors pulled out of the ETFs amid concerns of economic uncertainty, largely sparked by President Trump's escalating trade war with China.

創紀錄的流出是在六天下降之後的下降，在此期間，由於對經濟不確定性的擔憂，投資者退出了ETF，總體上損失了超過20億美元，這在很大程度上受到特朗普總統與中國貿易戰的升級。

The record outflows come as bitcoin itself—and the broader crypto market—saw the biggest selloff since the election of President Trump in November. Since the beginning of February, the original cryptocurrency's price has tumbled from more than $100,000 to less than $85,000, floundering amid the impact of Trump's tariff on investors' risk appetite, the historic hack of crypto exchange ByBit, and multiple memecoin scandals.

創紀錄的流出是比特幣本身以及更廣泛的加密貨幣市場的出現，這是自11月特朗普總統當選以來最大的拋售。自2月初以來，在特朗普的關稅對投資者風險食慾，歷史悠久的加密貨幣交易所bybit和多個紀念品醜聞的影響之中，最初的加密貨幣價格從超過100,000美元跌至不到85,000美元。

Some of the ETF outflows are likely the result of retail investors deciding to sell now and lock in gains from the recent bull market, as they expect more pain to come, ETF analyst at Bloomberg James Seyffart told Fortune.

彭博社詹姆斯·塞夫特（Bloomberg James Seyffart）的ETF分析師告訴《財富》，一些ETF流出可能是散戶投資者決定立即出售並鎖定近期牛市的收益的結果。

"People are probably just diversifying their exposures or unwinding some of their bitcoin exposure," he said.

他說：“人們可能只是在使自己的暴露量多樣化或放鬆一些比特幣的暴露。”

But he added that some of the ETF losses may also be the result of large institutional investors like hedge funds engaging in basis trading—a strategy that seeks to make profit off of the difference between the spot price of a commodity and the price of a futures contract on the same commodity.

但他補充說，某些ETF損失也可能是大型機構投資者（如對沖基金從事基本交易的策略）旨在從商品的現貨價格和同一商品的期貨合同之間的差額中獲利的策略。

While the latest spot bitcoin ETF movements are significant within the crypto world, these kinds of swings are not shocking for traditional financial markets, Seyffart says. For most non-crypto ETFs, it’s normal to see large amounts of inflows and outflows.

Seyffart說，雖然最新的比特幣ETF運動在加密貨幣世界中很重要，但對於傳統的金融市場來說，這種波動並不令人震驚。對於大多數非晶體ETF，看到大量流入和流出是正常的。

"We’re talking about billions of dollars coming out of these ETFs in a rather short period of time. But for now, it’s still par for the course for an ETF category," he said.

他說：“我們正在談論在很短的時間內這些ETF的數十億美元。但是，就目前而言，這仍然是ETF類別的課程。”

James Butterfill, head of research at ETF issuer CoinShares, echoed the sentiment, adding that $1 billion is just a small fraction of the total $100 billion invested in bitcoin ETFs.

ETF發行人Coinshares的研究負責人詹姆斯·巴特菲爾（James Butterfill）回應了這一觀點，並補充說，10億美元僅佔投資比特幣ETF的1000億美元的一小部分。

“It’s actually quite small in the grand scheme of things,” he said. “So it’s not particularly damaging.”

他說：“在宏偉的計劃中，這實際上很小。” “因此，這並不是特別破壞。”