儘管市場集會廣泛，但美國比特幣ETF的淨流出$ 1.2712億美元

根據Sosovalue的數據，儘管市場集會廣泛，但美國現貨比特幣交易所貿易資金在周三的淨流出量為1.2712億美元。

Despite a broad market rally, U.S. spot bitcoin exchange-traded funds recorded $127.12 million in net outflows on Wednesday, according to SosoValue. The withdrawals came after former President Donald Trump announced a 90-day pause on new tariffs and reduced some duties.

根據Sosovalue的數據，儘管市場集會廣泛，但美國現貨比特幣交易所貿易資金在周三的淨流出量為1.2712億美元。提款是在前總統唐納德·特朗普（Donald Trump）宣布對新關稅的90天停頓，並減少了一些職責。

However, the Bitcoin ETF showed weakness even as traditional and digital asset markets posted strong gains.

但是，即使傳統和數字資產市場的收益很大，比特幣ETF也表現出弱點。

Bitcoin ETF Withdrawals Extend Losing Streak

比特幣ETF提取延長了連勝

BlackRock’s iShares Bitcoin Trust (IBIT) saw massive outflows of $89.71 million during Wednesday’s trading until 13:30 ET. The recent outflows represent a significant change in investor sentiment toward the most well-known spot, Bitcoin ETF. The fund’s market performance indicated a lack of investment confidence among institutional investment groups despite the overall rally.

貝萊德（Blackrock）的iShares比特幣信託（IBIT）在周三的交易中，直到美國東部時間13:30的交易中，大量流出了8,971萬美元。最近的流出代表了投資者對最著名的位置比特幣ETF的重大變化。該基金的市場績效表明，儘管進行了整​​體集會，但機構投資集團缺乏投資信心。

The persistent outflows from spot Bitcoin ETFs extended their five-day consecutive loss streak. While the crypto market displayed positive trends, investors chose to withdraw money from leading Bitcoin ETF products. Market experts noted how ETF money movements were separate from the overall crypto asset price developments.

持續的比特幣ETF流出了連續為期五天的損失連勝。儘管加密市場表現出積極的趨勢，但投資者選擇從領先的比特幣ETF產品中提取資金。市場專家指出，ETF貨幣運動如何與整體加密資產價格發展分開。

According to , doubts regarding U.S.-China trade policies and intergovernmental relationships might have caused the funding slowdown. Trump’s tariff delay boosted investment sentiment but did not fully restore optimistic behavior across all investment categories. According to investor behavior, the ETF market appeared to be manipulated to its capacity and vulnerable to future market swings.

根據，對美國 - 中國貿易政策和政府間關係的懷疑可能導致資金放緩。特朗普的關稅延遲提高了投資情緒，但並未完全恢復所有投資類別的樂觀行為。根據投資者的行為，ETF市場似乎被操縱其能力，並且容易受到未來市場的影響。

Grayscale’s GBTC and Others Also See Withdrawals

灰度的GBTC和其他人也看到提款

The Bitcoin Trust of Grayscale experienced net outflows of $33.8 million on that day, continuing its stream of capital depletion. The spot Bitcoin ETFs operated by VanEck and WisdomTree also saw minor but steady outflows. The price increase, combined with favorable market conditions, did not deter these moves.

灰度的比特幣信託當天經歷了3380萬美元的淨流出，繼續其資本耗盡。 Vaneck和WisdomTree操作的現貨比特幣ETF也看到了輕微但穩定的流出。價格上漲，加上有利的市場條件，並沒有阻止這些舉動。

GBTC suffered from persistent capital loss following its transformation into a spot ETF while competing against newer funds. Negative market conditions, coupled with policy uncertainty, are pushing investors toward alternative bitcoin products, leading to a decrease in passive investment in bitcoin products overall. This liquidity movement occurred as financial markets displayed daily market gains.

GBTC在與新資金競爭的同時轉變為現場ETF後，遭受了持續的資本損失。負面的市場狀況，加上政策不確定性，正在推動投資者進入替代比特幣產品，從而導致對比特幣產品的被動投資總體下降。這種流動性運動發生在金融市場顯示每日市場增長時。

The Standard & Poor’s 500 and Nasdaq indexes showed strong increases, indicating market approval. Crypto-related investment products lagged behind other funds when considering how selectively investors approached their investments. The pending trade issues between China and the U.S. keep some traders in a cautious observation stance.

標準普爾的500和納斯達克指數顯示出強勁的增長，表明市場認可。在考慮有選擇性的投資者對投資的方式時，與加密相關的投資產品落後於其他資金。中國與美國之間未決的貿易問題使一些商人保持謹慎的觀察立場。

Bitwise’s BITB Bucks Trend with Fresh Inflows

Bitwise的BitB雄鹿趨勢隨著新鮮流入

Only BITB, from Bitwise, among the U.S. spot Bitcoin ETFs, recorded inflows, receiving $6.71 million on Wednesday. Market doubt and uncertainty did not deter investors from investing in this fund because they prefer to hold crypto for extended periods. The fund stands as a key member of emerging ETFs, attracting investors during market volatility.

在美國現貨比特幣ETF中，只有比特布（BitB）記錄了流入，在周三獲得了671萬美元。市場疑問和不確定性並沒有阻止投資者投資該基金，因為他們更喜歡長時間持有加密貨幣。該基金是新興ETF的主要成員，在市場波動期間吸引了投資者。

The 3.08% increase in bitcoin trading during the period, reaching a new high of $79,419 according to CoinMarketCap, coincided with BITB receiving $6.71 million in funds. Ether also saw an 11.08% price increase during this time as it reached $1,617 levels, strengthening altcoin market sentiment. The market realized improved trade conditions and stronger equity valuations, which positively affected both cryptocurrencies.

根據CoinMarketCap的數據，在此期間，比特幣交易的3.08％增加了79,419美元，與BITB獲得671萬美元的資金相關。在此期間，Ether的價格上漲了11.08％，因為它達到了1,617美元的水平，從而加強了Altcoin市場的情緒。市場實現了改善的貿易條件和更強大的股權估值，從而對這兩種加密貨幣產生了積極影響。

Klefer’s Financial Services Limited attracted a small amount of investment into its BITB product, but this movement indicated that investors only trust specific ETF producers. Fund providers vary in their success at attracting investment capital as macroeconomic factors evolve. Market actors will adjust their portfolio allocations based on political events and regulatory changes.

克萊弗（Klefer）的金融服務有限公司（Financial Services Limited）吸引了對其BITB產品的少量投資，但該運動表明投資者僅信任特定於ETF的生產商。隨著宏觀經濟因素的發展，基金提供商在吸引投資資本方面取得的成功有所不同。市場參與者將根據政治事件和監管變化來調整其投資組合分配。