2025 年比特幣現貨 ETF 淨流量將達到 24.2 億美元

繼 2024 年 12 月的動盪結束後，美國比特幣現貨 ETF 在 2025 年啟動時表現強勁，市場資金大量流入

After a turbulent end to December 2024, the US Bitcoin Spot ETFs have kicked off 2025 on a bullish note, with significant market inflows.

在經歷了 2024 年 12 月的動盪之後，美國比特幣現貨 ETF 以看漲的姿態開啟了 2025 年，市場資金大量流入。

According to data from ETF analytics site Farside Investors, these Bitcoin ETFs recorded an aggregate inflow of $1.862 billion in the third trading week of 2025. This brings the total net flow for the year to $2.42 billion.

根據 ETF 分析網站 Farside Investors 的數據，這些比特幣 ETF 在 2025 年第三個交易週的總流入量為 18.62 億美元。

However, a closer look at the weekly performance reveals an interesting trend. These ETFs initially suffered withdrawals valued at $493.9 million between 13 January – 14 January, as a Bitcoin flash crash saw the apex crypto briefly dip below $90,000.

然而，仔細觀察每週的表現就會發現一個有趣的趨勢。 1 月 13 日至 14 日期間，這些 ETF 最初遭受了價值 4.939 億美元的提款，因為比特幣閃崩導致頂級加密貨幣短暫跌破 90,000 美元。

But a surge in Bitcoin prices in the remaining three trading days led to a rise in investors’ confidence, translating into a cumulative inflow of $2.35 billion during this period.

但比特幣價格在剩餘三個交易日的飆升導致投資者信心上升，轉化為在此期間累積流入23.5億美元。

BlackRock's IBIT registered the largest net inflows of the week valued at $745.7 million, while Fidelity's FBTC took second with investments worth $680.2 million. Bitwise's BITB and Ark's ARKB also registered significant inflows, totaling $216 million and $204.7 million, respectively.

貝萊德 (BlackRock) 的 IBIT 錄得本週最大淨流入，價值 7.457 億美元，而富達 (Fidelity) 的 FBTC 投資價值 6.802 億美元位居第二。 Bitwise 的 BITB 和 Ark 的 ARKB 也錄得大量資金流入，分別達到 2.16 億美元和 2.047 億美元。

Other ETFs like Invesco's BTCO, Grayscale's BTC, WisdomTree's BTCW, VanEck's HODL, and Franklin Templeton's EZBC recorded modest net inflows of not more than $40.1 million. Unsurprisingly, Grayscale's GBTC produced the only net outflow of the week valued at $87.7 million. Meanwhile, Valkyrie's BRRR was another outlier registering zero net flows.

Invesco 的 BTCO、Grayscale 的 BTC、WisdomTree 的 BTCW、VanEck 的 HODL 和富蘭克林鄧普頓的 EZBC 等其他 ETF 錄得不超過 4010 萬美元的適度淨流入。不出所料，Grayscale 的 GBTC 產生了本周唯一的淨流出，價值 8770 萬美元。同時，Valkyrie 的 BRRR 是另一個淨流量為零的例外。

At the time of writing, IBIT maintains its market dominance with $38.41 billion in cumulative net inflow. IBIT also boasts $59.28 billion in net assets, accounting for almost half of the total net assets ($120.95 billion) in the Bitcoin Spot ETF market.

截至撰寫本文時，IBIT 以 384.1 億美元的累計淨流入保持其市場主導地位。 IBIT 還擁有 592.8 億美元的淨資產，幾乎佔比特幣現貨 ETF 市場總淨資產（1,209.5 億美元）的一半。

In addition to the strong performance of Bitcoin Spot ETFs, Ethereum ETFs also recorded a net inflow of $212 million, signaling a return to positive gains after a rocky start to 202

除了比特幣現貨 ETF 表現強勁外，以太坊 ETF 也錄得 2.12 億美元淨流入，預示在 202 年開局不利後，將回歸正收益。