比特幣 ETF 目前佔 BTC 總供應量的 5.33%

比特幣 ETF 已經達到了一個重要的里程碑，目前佔比特幣開採總額的 5.33%。這比 2024 年 1 月記錄的 3.15% 大幅成長

Bitcoin exchange-traded funds (ETFs) have now accumulated a substantial portion of the total mined Bitcoin supply, reaching 5.33% according to the latest available data. This marks a significant increase from the 3.15% recorded in January 2024, highlighting a surge in demand for physically-backed Bitcoin ETFs.

比特幣交易所交易基金（ETF）現已累積了比特幣開採總量的很大一部分，根據最新數據，達到 5.33%。這標誌著比 2024 年 1 月記錄的 3.15% 大幅增長，凸顯了對實物支持的比特幣 ETF 的需求激增。

Over the past ten months, these funds have added 425,000 BTC, reflecting the rising interest in Bitcoin as an investment vehicle, as noted by a CryptoQuant analyst.

CryptoQuant 分析師指出，在過去 10 個月中，這些基金增加了 425,000 BTC，反映出人們對比特幣作為投資工具的興趣不斷上升。

A close correlation has emerged between the accumulation of Bitcoin by spot ETFs and Bitcoin's price movements. Notably, Bitcoin's price peaks in March and November 2024 coincided with substantial ETF inflows.

現貨 ETF 累積的比特幣與比特幣的價格走勢之間有密切的相關性。值得注意的是，比特幣價格在 2024 年 3 月和 11 月達到峰值，恰逢 ETF 大量流入。

During March, US-listed Bitcoin ETFs experienced net inflows of around $4 billion, boosting trading volumes to $111 billion and driving Bitcoin's price to over $73,777 on Coinbase.

3 月份，在美國上市的比特幣 ETF 淨流入約 40 億美元，交易量增至 1,110 億美元，推動 Coinbase 上比特幣價格升至 73,777 美元以上。

Similarly, in November, following Donald Trump's reelection and heightened expectations of regulatory support for crypto, Bitcoin soared past $93,265 on Binance, marking its highest-ever valuation.

同樣，去年 11 月，隨著唐納德·川普連任以及對加密貨幣監管支持的期望提高，比特幣在幣安上飆升至 93,265 美元以上，創下歷史最高估值。

The increasing adoption of Bitcoin ETFs is closely linked to the evolving regulatory landscape. Recent approvals by the SEC and the CFTC have enhanced the legitimacy of Bitcoin ETFs, bolstering institutional adoption and capital inflows.

比特幣 ETF 的日益普及與不斷變化的監管環境密切相關。美國證券交易委員會和美國商品期貨交易委員會最近的批准增強了比特幣 ETF 的合法性，促進了機構採用和資本流入。

The SEC's approval of Bitcoin ETF options and the CFTC's clearance of spot Bitcoin options trading have played pivotal roles in fostering trust and channeling capital into the market.

美國證券交易委員會 (SEC) 對比特幣 ETF 選擇權的批准以及美國商品期貨交易委員會 (CFTC) 對比特幣選擇權現貨交易的批准，在促進信任和引導資本進入市場方面發揮了關鍵作用。

In the realm of spot ETFs, BlackRock's iShares Bitcoin Trust (IBIT) continues to lead the pack with recent data indicating that the fund has crossed the $40 billion mark in assets.

在現貨 ETF 領域，貝萊德 (BlackRock) 的 iShares 比特幣信託 (IBIT) 繼續處於領先地位，最近的數據表明該基金的資產已突破 400 億美元大關。

Meanwhile, the broader US Bitcoin ETF market registered $2.4 billion in inflows during the first half of last week, though redemptions on Thursday and Friday trimmed the week's net inflows to $1.6 billion.

與此同時，美國比特幣 ETF 市場上週上半年錄得 24 億美元的資金流入，不過週四和週五的贖回將本週的淨流入削減至 16 億美元。

With the growing prominence of spot Bitcoin ETFs, the landscape of the crypto market is being reshaped, promising to stabilize liquidity and potentially reduce market volatility.

隨著現貨比特幣 ETF 的日益突出，加密貨幣市場的格局正在重塑，有望穩定流動性並可能減少市場波動。

The increasing share of Bitcoin held by spot ETFs has broader implications for the crypto market. By controlling over 5% of Bitcoin's supply, these funds are indeed stabilizing liquidity and potentially reducing market volatility. However, there are concerns about institutional control over Bitcoin, as this could contradict the cryptocurrency's original ethos of decentralization.

現貨 ETF 持有的比特幣份額不斷增加，對加密市場產生了更廣泛的影響。透過控制超過 5% 的比特幣供應量，這些基金確實穩定了流動性，並有可能減少市場波動。然而，人們擔心機構對比特幣的控制，因為這可能與加密貨幣最初的去中心化精神相矛盾。