市場活動低迷，比特幣現貨 ETF 出現淨流出

4 月 16 日，現貨比特幣 ETF 淨流出 5,800 萬美元，連續兩天下跌。灰階比特幣 ETF (GBTC) 流出放緩至 7,940 萬美元，而 Ark Invest 的 ARKB 則出現 1,300 萬美元的負流出。值得注意的是，貝萊德的IBIT錄得2,578萬美元的大幅淨流入。儘管有這些資金流出，彭博分析師 James Seyffart 強調，零流入天數在 ETF（包括比特幣 ETF）中很常見，不應被負面解讀。

Bitcoin Spot ETFs Experience Net Outflows Amid Subdued Market Activity

在市場活動低迷的情況下，比特幣現貨 ETF 出現淨流出

NEW YORK, April 16, 2023 - Spot Bitcoin exchange-traded funds (ETFs) witnessed a net outflow of $58 million on Tuesday, continuing a two-day consecutive decline, according to data from Farside Investors. This trend signals a subdued level of market activity surrounding Bitcoin-related investments.

紐約，2023 年 4 月 16 日 - 根據 Farside Investors 的數據，週二現貨比特幣交易所交易基金 (ETF) 淨流出 5800 萬美元，連續兩天下跌。這一趨勢顯示比特幣相關投資的市場活動水平較低。

Despite the overall negative sentiment, there are indications of improvement. Outflows from the Grayscale Bitcoin Trust (GBTC), one of the largest Bitcoin ETFs, have slowed to $79.4 million on April 16, bringing the total outflows to $16.46 billion. Ark Invest's Bitcoin ETF (ARKB) also recorded negative outflows of $13 million.

儘管整體情緒消極，但仍有改善的跡象。最大的比特幣 ETF 之一灰階比特幣信託基金 (GBTC) 的資金流出已於 4 月 16 日放緩至 7,940 萬美元，使總資金流出達 164.6 億美元。 Ark Invest 的比特幣 ETF (ARKB) 也錄得 1,300 萬美元的負流出。

While outflows from GBTC have eased, inflows into spot Bitcoin ETFs have also diminished. On the same day, BlackRock's iShares Bitcoin Strategy ETF (IBIT) recorded the highest net inflow at $25.78 million, pushing its total inflows to over $15.3 billion.

雖然 GBTC 的資金流出有所緩解，但現貨比特幣 ETF 的流入也減少。同一天，貝萊德旗下的iShares比特幣策略ETF（IBIT）錄得最高淨流入額，達2,578萬美元，使其總流入額超過153億美元。

Bloomberg ETF analyst James Seyffart remarked that days with zero inflows are not uncommon in ETFs, including Bitcoin ETFs, and should not be interpreted negatively. In the ETF market, shares are created or redeemed in batches (known as creation units) based on supply and demand imbalances. Transactions are executed only when the costs are more favorable compared to traditional methods.

彭博 ETF 分析師 James Seyffart 表示，零流入的日子在 ETF（包括比特幣 ETF）中並不罕見，不應進行負面解讀。在ETF市場中，股票會根據供需失衡情況大量創建或贖回（稱為創建單位）。只有在成本比傳統方法更有利時才會執行交易。

The downward trend in spot Bitcoin ETF outflows suggests a cautious approach by investors amidst current market conditions. However, the easing of outflows from GBTC, coupled with continued inflows into IBIT, indicates that some investors remain bullish on the long-term prospects of Bitcoin.

現貨比特幣 ETF 流出量的下降趨勢表明投資者在當前市場狀況下採取謹慎態度。然而，GBTC 的資金流出有所緩解，加上 IBIT 的資金持續流入，顯示一些投資者仍然看好比特幣的長期前景。

As the market continues to evolve, it remains to be seen whether the recent outflows will persist or if sentiment will shift towards more positive territory. Investors should approach all investment decisions with caution and consider the risks associated with volatile cryptocurrencies like Bitcoin.

隨著市場不斷發展，近期的資金外流是否會持續，或者情緒是否會轉向更積極的領域，還有待觀察。投資者應謹慎對待所有投資決策，並考慮與比特幣等波動性加密貨幣相關的風險。