灰階 ETF 提款激增，比特幣現貨 ETF 出現資金外流

4 月 1 日，比特幣現貨 ETF 淨流出 8,584 萬美元，其中 Grayscale 的 GBTC 淨流出 3.02 億美元。儘管有這些負流入，比特幣現貨 ETF 的累計淨流入仍高達 120.4 億美元。這種情緒的轉變恰逢對美國持續通膨壓力的擔憂，導致投資者調整對聯準會寬鬆貨幣政策的預期，這影響了更廣泛的加密市場，包括即將到來的比特幣減半事件。

Bitcoin Spot ETFs Witness Net Outflows as Grayscale ETF Experiences Surge in Withdrawals

灰階 ETF 提款激增，比特幣現貨 ETF 出現淨流出

New York, April 1, 2022 - On Monday, April 1, the collective net flow into all nine Bitcoin spot exchange-traded funds (ETFs) turned negative once again, signaling a shift in investor sentiment. This development is primarily driven by a surge in outflows from the Grayscale Bitcoin Trust (GBTC), the largest Bitcoin ETF.

紐約，2022 年 4 月 1 日 - 4 月 1 日星期一，所有九隻比特幣現貨交易所交易基金 (ETF) 的集體淨流入再次變為負值，表明投資者情緒轉變。這項發展主要是由最大的比特幣 ETF 灰階比特幣信託基金 (GBTC) 的資金流出激增所推動的。

According to data from Farside Investors, the total net outflow from all Bitcoin spot ETFs on April 1 reached $85.84 million. Notably, GBTC recorded a substantial single-day net outflow of $302 million, marking a significant increase in withdrawals from the fund.

Farside Investors的數據顯示，4月1日所有比特幣現貨ETF的淨流出總額達8,584萬美元。值得注意的是，GBTC 錄得單日大幅淨流出 3.02 億美元，標誌著該基金的提款大幅增加。

Despite the overall negative flows, two Bitcoin spot ETFs managed to attract inflows. BlackRock's iShares Bitcoin Strategy ETF (IBIT) saw a net inflow of $165 million, while Fidelity's Wise Origin Bitcoin Trust (FBTC) witnessed a net inflow of $43.99 million.

儘管整體資金流為負值，但兩檔比特幣現貨 ETF 仍成功吸引資金流入。貝萊德的 iShares 比特幣策略 ETF（IBIT）淨流入 1.65 億美元，富達的 Wise Origin Bitcoin Trust（FBTC）淨流入 4,399 萬美元。

This negative sentiment in Bitcoin spot ETFs coincides with a sharp correction in the Bitcoin price, which has declined by approximately 5.5% to hover around $66,000. The broader cryptocurrency market has also experienced a wave of liquidations in the past 24 hours.

比特幣現貨 ETF 的這種負面情緒與比特幣價格的大幅調整同時發生，比特幣價格已下跌約 5.5%，徘徊在 66,000 美元左右。過去24小時內，更廣泛的加密貨幣市場也經歷了一波清算浪潮。

Interestingly, this correction comes just weeks before the highly anticipated Bitcoin halving event, which is scheduled to occur on May 1, 2022. The halving, which reduces the block reward for Bitcoin miners by half, has historically been associated with upward price movements. However, the current market dynamics cast doubt on whether Bitcoin will be able to reach $75,000 by the halving event, as some analysts had predicted.

有趣的是，這次調整發生在備受期待的比特幣減半事件（計劃於2022 年5 月1 日）發生前幾週。減半會將比特幣礦工的區塊獎勵減少一半，歷史上一直與價格上漲有關。然而，當前的市場動態讓人懷疑比特幣是否能夠像一些分析師預測的那樣在減半事件之前達到 75,000 美元。

The negative flows into Bitcoin spot ETFs and the correction in the Bitcoin price reflect a broader shift in sentiment within global markets. Lingering inflationary pressures in the United States have prompted investors to scale back their expectations for looser monetary policies and interest rate cuts from the Federal Reserve.

比特幣現貨 ETF 的負流入和比特幣價格的調整反映了全球市場情緒的更廣泛轉變。美國持續的通膨壓力促使投資者降低了對聯準會寬鬆貨幣政策和降息的預期。

Stefan von Haenisch, Head of Trading at OSL SG Pte in Singapore, commented that the anticipation of reduced interest rate cuts by the Fed is weighing on the cryptocurrency market. This sentiment is evident in the widespread sell-off observed across various sectors, particularly in meme coins that have outperformed Bitcoin in recent months.

新加坡 OSL SG Pte 交易主管 Stefan von Haenisch 評論稱，聯準會減少降息的預期正在給加密貨幣市場帶來壓力。這種情緒在各個領域的廣泛拋售中都很明顯，尤其是近幾個月表現優於比特幣的迷因幣。

The recent developments in Bitcoin spot ETFs and the cryptocurrency market overall highlight the dynamic and volatile nature of the digital asset ecosystem. As investors grapple with changing macroeconomic conditions and uncertainties surrounding the upcoming Bitcoin halving event, it remains to be seen how the market will evolve in the coming weeks and months.

比特幣現貨ETF和加密貨幣市場的近期發展總體上凸顯了數位資產生態系統的動態和波動性。隨著投資者努力應對不斷變化的宏觀經濟狀況以及即將到來的比特幣減半事件的不確定性，未來幾週和幾個月市場將如何演變仍有待觀察。