比特幣減半失敗，引發 ETF 拋售

備受期待的比特幣減半事件未能實現預期的價格飆升，導致比特幣下跌 15%。隨後，富達的比特幣ETF首日面臨2,261萬美元的淨流出，反映出投資人情緒的轉變。在更廣泛的市場回調中，包括 Grayscale 和 Ark 21Shares 在內的其他比特幣基金經歷了總計 2.1758 億美元的大幅流出，表明加密貨幣市場疲軟。

Bitcoin Halving Event Fails to Trigger Anticipated Price Surge, Sparking ETF Outflows

比特幣減半事件未能引發預期的價格飆升，引發 ETF 資金外流

New York, New York - April 26, 2023: The much-anticipated Bitcoin halving event on April 20th, which was expected to ignite a significant price surge, has instead resulted in a subsequent 15% drop in Bitcoin's value. This unexpected decline, coupled with a broader pullback in the cryptocurrency market, has triggered a wave of outflows from Bitcoin-related exchange-traded funds (ETFs).

紐約州紐約 - 2023 年 4 月 26 日：4 月 20 日備受期待的比特幣減半事件原本預計會引發價格大幅上漲，但結果卻導致比特幣價值隨後下跌 15%。這種意外的下跌，加上加密貨幣市場的更廣泛回調，引發了比特幣相關交易所交易基金（ETF）的一波資金流出。

Fidelity's Spot Bitcoin ETF (FBTC), a highly anticipated Bitcoin investment fund that launched in January 2024, has experienced its first day of net outflows on Thursday. According to data from SoSoValues, the daily net outflow amounted to $22.61 million, signaling a shift in investor sentiment toward Bitcoin, the world's leading cryptocurrency.

富達的現貨比特幣 ETF (FBTC) 是一檔備受期待的比特幣投資基金，於 2024 年 1 月推出，週四經歷了首日淨流出。 SoSoValues 的數據顯示，每日淨流出金額達 2,261 萬美元，顯示投資者情緒轉向全球領先的加密貨幣比特幣。

The outflow streak comes amidst a broader pullback in the cryptocurrency market. Several other US Bitcoin funds reported significant outflows, amounting to a combined $217.58 million net outflow on Thursday. **Grayscale Bitcoin Trust ETF (GBTC)** experienced the most substantial outflow, losing $139.37 million.

此次資金外流正值加密貨幣市場出現更廣泛的回檔。其他幾隻美國比特幣基金也報告大幅資金流出，週四淨流出總額達 2.1758 億美元。 **灰階比特幣信託 ETF (GBTC)** 經歷了最大幅度的資金外流，損失了 1.3937 億美元。

Meanwhile, Ark 21Shares Bitcoin ETF (ARKB) witnessed $31.34 million in outflows. Additionally, **Valkyrie** and **Bitwise** experienced negative net flows of $20.16 million and $6 million, respectively. The recent trend of negative outflow reflects a broader trend of investors exiting cryptocurrency investments amidst market volatility.

同時，Ark 21Shares 比特幣 ETF (ARKB) 的資金流出達到 3,134 萬美元。此外，**Valkyrie** 和 **Bitwise** 分別經歷了 2016 萬美元和 600 萬美元的負淨流量。近期的負流出趨勢反映了投資者在市場波動中退出加密貨幣投資的更廣泛趨勢。

However, Franklin Templeton's EZBC fund attracted $1.87 million in new investments on Thursday. Notably, BlackRock's IBIT fund, which had experienced an impressive 71-day streak of positive inflows, received zero net new funds on both Wednesday and Thursday. While this might raise concerns, Bloomberg ETF Analyst James Seyffart clarifies that zero inflows are not uncommon occurrences for ETFs.

然而，富蘭克林鄧普頓的 EZBC 基金週四吸引了 187 萬美元的新投資。值得注意的是，貝萊德的 IBIT 基金經歷了連續 71 天的正資金流入，令人印象深刻，週三和週四的新資金淨額為零。雖然這可能會引起擔憂，但彭博 ETF 分析師 James Seyffart 澄清，ETF 資金流入為零的情況並不罕見。

Bitcoin's 15% Halving Dip Sparks ETFs Outflow

比特幣減半 15% 引發 ETF 流出

Despite BlackRock's IBIT receiving a net inflow of $1.5 billion in April, marking positive overall performance, broader market sentiment shows potential crypto market fatigue. The initial excitement surrounding various Bitcoin ETF launches, which drove the cryptocurrency to a record high nearing $74,000 on March 14, seems to be diminishing.

儘管貝萊德的 IBIT 4 月淨流入 15 億美元，整體表現良好，但更廣泛的市場情緒顯示加密貨幣市場潛在疲軟。 3 月 14 日，各種比特幣 ETF 的推出推動比特幣價格創下近 74,000 美元的歷史新高，最初引發的興奮似乎正在減弱。

The highly-awaited Bitcoin halving on April 20th was expected to drive a spike in prices, but it did not yield the anticipated impact. Instead, Bitcoin saw a subsequent 15% drop. Experts suggest this decline, combined with the lack of major events that could re-ignite investor interest, contributes to the current outflow trend.

4月20日，人們期待已久的比特幣減半預計會帶動價格飆升，但並沒有產生預期的影響。相反，比特幣隨後下跌了 15%。專家表示，這種下降，加上缺乏可能重新激發投資者興趣的重大事件，導致了當前的資金外流趨勢。

Fund inflows were essentially non-existent after the Bitcoin halving event, as Hong Song-uk, an analyst at NH Investment and Securities, stated in a recent report. He further explained that there are no imminent occurrences that draw attention to Bitcoin in the near future.

NH Investment and Securities 分析師 Hong Song-uk 在最近的報告中表示，比特幣減半事件之後，資金流入基本上不存在。他進一步解釋說，在不久的將來，沒有任何迫在眉睫的事件會引起人們對比特幣的關注。

According to CoinMarketCap, Bitcoin is currently trading at $64,400. Coinglass statistics show roughly $167 million in Bitcoin liquidations over the past 24 hours, with $106 million being long positions, highlighting Bitcoin's liquidity and global trading activity across several exchanges.

根據 CoinMarketCap 的數據，比特幣目前的交易價格為 64,400 美元。 Coinglass 統計數據顯示，過去 24 小時內比特幣清算額約為 1.67 億美元，其中 1.06 億美元為多頭頭寸，凸顯了比特幣的流動性和多個交易所的全球交易活動。

Bitcoin ETFs Attract Institutional Investments

比特幣 ETF 吸引機構投資

Despite the recent outflows and market correction, the emergence of Bitcoin ETFs has undoubtedly had a significant impact on the cryptocurrency market. With an estimated $54 billion invested across various vehicles, these ETFs have attracted a new wave of investors, including institutional players.

儘管近期出現資金流出和市場回調，但比特幣ETF的出現無疑對加密貨幣市場產生了重大影響。這些 ETF 的各種投資工具估計投資了 540 億美元，吸引了包括機構投資者在內的新一波投資者。

The launch of Bitcoin and Ether ETFs in Hong Kong further underscores the growing global interest in cryptocurrencies and the potential expansion of investment opportunities in new markets.

比特幣和以太坊 ETF 在香港的推出進一步凸顯了全球對加密貨幣日益增長的興趣以及新市場投資機會的潛在擴展。

While the short-term outlook for Bitcoin might be experiencing some turbulence, the long-term potential of the asset class remains promising. The underlying technology and its applications continue to evolve, attracting investment and development across various sectors.

儘管比特幣的短期前景可能會經歷一些動盪，但該資產類別的長期潛力仍然充滿希望。底層技術及其應用不斷發展，吸引了各領域的投資和開發。

As the regulatory landscape matures and institutional adoption increases, Bitcoin's future trajectory is likely to be shaped by a confluence of factors beyond short-term market sentiment.

隨著監管環境的成熟和機構採用的增加，比特幣的未來軌跡可能會受到短期市場情緒以外的多種因素的影響。