經過強烈的流入扭轉，比特幣ETF今天重新聚焦了

在3月早些時候看到的情緒扭轉了強烈的流入後，比特幣ETF恢復了今天的焦點。隨著AUM和持續需求的增加

Bitcoin (BTC) ETFs are once again in the spotlight today as a strong streak of inflows has reversed the sentiment seen in earlier March. With rising AUM and sustained demand, institutional investors appear to be incrementally leaning back into BTC.

比特幣（BTC）ETF再次成為今天的聚光燈，因為強大的流入率扭轉了3月初看到的情緒。隨著AUM的增加和持續的需求，機構投資者似乎逐漸傾向於BTC。

Here’s a breakdown of the latest ETF trends and what they could mean for the market.

這是最新的ETF趨勢的細分及其對市場的意義。

Sustained inflows provide short-term relief for Bitcoin ETFs

持續流入為比特幣ETF提供短期緩解

Since 14 March, Bitcoin ETFs have been steadily reporting inflows for 10 days in a row, collecting a total of $1.06 billion in the period. This follows a significant recovery after a rough start to the month, which saw them record daily outflows of $409 million on 6 March alone.

自3月14日以來，比特幣ETF一直在穩步報告連續10天的流入，在此期間收取了10.6億美元。這是在本月艱難的開始之後的重大恢復之後，僅在3月6日，他們就創下了每日3.09億美元的流出。

The turnaround in sentiment has pushed the total Assets Under Management (AUM) from $88 billion on 10 March to $98.3 billion by 28 March.

情緒轉變已將管理中的總資產（AUM）從3月10日的880億美元提高到3月28日的983億美元。

This streak of green days comes at a critical juncture as institutional investors are gradually regaining confidence amid improving macroeconomic conditions and a recovering crypto market.

由於機構投資者在改善宏觀經濟狀況和恢復加密市場的恢復時，這種綠色日期的緣故是一個關鍵的關鍵時刻。

If the trend persists, it could serve as a strong tailwind for Bitcoin’s price trajectory.

如果趨勢持續下去，它可以作為比特幣價格軌蹟的強烈逆風。

March is still on track for massive net outflows

三月仍在努力大規模淨流出

Despite the recent inflow streak, March is still set to become the second-worst month for Bitcoin ETF netflows. With total net outflows hitting $603 million so far, it surpasses April 2024’s $345 million drawdown, although it still trails February’s record outflow month.

儘管最近出現了流入紀錄，但March仍將成為比特幣ETF Netflows的第二個月。到目前為止，由於淨流出總額達到6.03億美元，它超過了2024年4月的3.45億美元降價，儘管它仍然落後於2月的創紀錄的流出月。

The mixed performance shows how investor behavior remains divided, with short-term optimism being balanced against longer-term caution.

混合表現表明投資者的行為如何保持分歧，短期樂觀與長期謹慎保持平衡。

While the recent recovery in flows hints at a shift in momentum, it hasn’t been enough to offset earlier losses in the month.

儘管最近的流量恢復暗示了動量的轉變，但這還不足以抵消本月早期的損失。

Comparing BTC and ETH ETF flows

比較BTC和ETH ETF流動

Data from CoinMarketCap revealed that while Bitcoin ETFs have seen net outflows of $93 million in the last 30 days, Ethereum ETFs have posted a modest $5 million in inflows. ETH’s sustained but smaller inflows could hint at a growing base of long-term holders, although the volume still pales in comparison to BTC’s.

CoinMarketCap的數據表明，儘管比特幣ETF在過去30天內的淨流出量為9300萬美元，但以太坊ETF的淨流量卻張貼了500萬美元的流入。 ETH的持續但較少的流入可能暗示著長期持有人的基礎，儘管與BTC相比，該數量仍然顯得蒼白。

Moreover, Ethereum remains far behind in terms of ETF traction, with its total AUM contributing just 3.87% of ETH’s market cap, compared to Bitcoin ETFs holding 6.01% of BTC’s cap.

此外，與持有BTC CAP的6.01％的比特幣ETF相比，以太坊在ETF牽引力方面仍然遠遠落後於ETH的總計佔3.87％。

Combined, BTC and ETH ETFs currently make up 5.75% of the total crypto market cap.

目前，BTC和ETH ETF的合併佔總加密市值的5.75％。

Continuation or reversal in Bitcoin ETF flow?

比特幣ETF流中的持續還是逆轉？

If BTC ETF inflows continue into April, it could mark a broader institutional rotation back into crypto exposure. However, investors should remain cautious, as the month-to-date outflows still reflect the ongoing volatility in sentiment.

如果BTC ETF流入持續到4月，它可能標誌著更廣泛的機構旋轉回到加密貨幣暴露。但是，投資者應該保持謹慎，因為月流量仍然反映了情緒中持續的波動。

A sustained uptick in AUM and a reduction in daily outflows would likely support bullish price action. Until then, ETF inflows may provide short-term support, but not a full reversal of broader risk-off trends.

AUM的持續增長和減少日常流出可能會支持看漲的價格行動。在此之前，ETF流入可能會提供短期支持，但不能完全逆轉更廣泛的風險趨勢。