在市場波動的情況下，加密貨幣投資產品的資金流出創歷史新高

加密投資產品上週經歷了前所未有的 9.42 億美元流出，扭轉了連續七週 123 億美元的流入趨勢。貝萊德（BlackRock）和灰階（Grayscale）等資產管理公司的資金流出創歷史新高，超過了 1 月創下的紀錄。資金流出的同時，交易量下降了 33%，管理資產也減少了 100 億美元。儘管資金流入美國新推出的比特幣 ETF 現貨，但 Grayscale 的 GBTC 基金的資金流出卻令它們黯然失色。美國現貨比特幣ETF的主導地位推動了大部分資金流出，而做空比特幣產品和全球加密投資產品也出現了資金流出。

Crypto Investment Products Witness Record Outflows

加密投資產品見證了創紀錄的資金外流

By Staff Reporter

本報記者

New York, NY - The cryptocurrency investment landscape underwent a seismic shift last week, with digital asset investment products experiencing unprecedented outflows totaling $942 million globally, according to data from CoinShares. This abrupt reversal marks a stark departure from the seven-week inflow streak that had amassed $12.3 billion.

紐約州紐約 - 根據 CoinShares 的數據，上週加密貨幣投資格局發生了翻天覆地的變化，數位資產投資產品在全球範圍內經歷了前所未有的資金外流，總額達 9.42 億美元。這一突然逆轉標誌著與連續七週流入 123 億美元的趨勢形成鮮明對比。

Leading asset managers across the industry, including BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares, collectively witnessed record outflows that surpassed the previous high set in late January by nearly double. The magnitude of these outflows is a testament to the recent market volatility.

包括貝萊德、Bitwise、Fidelity、Grayscale、ProShares 和 21Shares 在內的整個行業領先的資產管理公司共同見證了創紀錄的資金流出，比 1 月底創下的高點高出近一倍。這些資金外流的規模證明了近期市場的波動。

Coinciding with the outflows, trading volume for crypto investment products plunged by 33% to $28 billion for the week. The price correction in underlying cryptocurrencies further compounded the challenges, resulting in a $10 billion reduction in assets under management (AUM) for these funds. Despite the setback, the combined AUM remains elevated at $88 billion, exceeding the highs of previous market cycles.

與資金流出同時，加密貨幣投資產品的交易量本週暴跌 33% 至 280 億美元。基礎加密貨幣的價格調整進一步加劇了挑戰，導致這些基金的管理資產 (AUM) 減少了 100 億美元。儘管遭遇挫折，總資產管理規模仍高達 880 億美元，超過了先前市場週期的高點。

The United States saw over $1 billion in inflows into new spot Bitcoin exchange-traded funds (ETFs), but this was insufficient to offset the nearly $2 billion in outflows from Grayscale's converted GBTC fund. The recent price correction has instilled a degree of investor hesitancy, translating into lower inflows into new ETF issuers in the U.S.

美國有超過 10 億美元流入新的現貨比特幣交易所交易基金 (ETF)，但這不足以抵消 Grayscale 轉換後的 GBTC 基金近 20 億美元的資金流出。最近的價格調整讓投資者產生了一定程度的猶豫，導緻美國新 ETF 發行人的資金流入減少。

The dominance of U.S. spot Bitcoin ETFs in the market contributed significantly to the net outflows last week, accounting for $904 million. Short-bitcoin investment products also experienced modest outflows of $3.7 million.

美國現貨比特幣 ETF 在市場上的主導地位對上週的淨流出做出了重大貢獻，達到 9.04 億美元。做空比特幣投資產品也出現了 370 萬美元的小流。

The negative sentiment extended beyond U.S.-based funds and Bitcoin, affecting crypto investment products globally. Funds in Sweden, Hong Kong, Switzerland, and Germany recorded outflows, while Brazil and Canada-based funds witnessed inflows. Ethereum, Solana, and Cardano-based products also faced outflows, while other altcoin-related funds performed better, registering net inflows.

這種負面情緒超出了美國基金和比特幣的範圍，影響了全球的加密貨幣投資產品。瑞典、香港、瑞士和德國的基金出現流出，而巴西和加拿大的基金則出現流入。以以太坊、Solana 和 Cardano 為基礎的產品也面臨資金流出，而其他山寨幣相關基金表現較好，則錄得淨流入。

As of this writing, Bitcoin is trading at $66,827, marking a 2% decline over the past week. The broader crypto market has also experienced a downturn, with the GM30 index plummeting by 10% before partially recovering.

截至撰寫本文時，比特幣交易價格為 66,827 美元，較過去一週下跌 2%。更廣泛的加密貨幣市場也經歷了低迷，GM30指數暴跌10%，然後部分恢復。

The recent outflows serve as a reminder of the inherent volatility associated with cryptocurrencies and the importance of due diligence for investors considering exposure to these assets. As the market continues to evolve, it remains to be seen whether the current trend will persist or if the inflows that characterized the past seven weeks will resume.

最近的資金外流提醒人們，加密貨幣具有固有的波動性，以及考慮投資這些資產的投資者進行盡職調查的重要性。隨著市場不斷發展，目前的趨勢是否會持續，或者過去七週的資金流入是否會恢復，還有待觀察。