由於投資者在價格下跌中保持謹慎，加密貨幣市場出現資金外流

經過七週的加密貨幣市場流入總計 123 億美元之後，CoinShares 的最新報告標誌著一個重大轉變，流出了 9.42 億美元，結束了連續的正流入。該報告還強調，儘管交易量仍保持在 280 億美元的高位，但較前一周有所下降。

Cryptocurrency Market Experiences Outflows, Investors Show Caution Amid Price Declines

加密貨幣市場出現資金外流，投資者在價格下跌中保持謹慎

After seven consecutive weeks of positive inflows totaling $12.3 billion, the cryptocurrency market witnessed a significant shift in sentiment, with outflows reaching $942 million in the latest report from CoinShares. This marks the first outflow following a notable inflow streak.

在連續七週總計 123 億美元的正流入之後，加密貨幣市場的情緒發生了重大轉變，CoinShares 的最新報告顯示，資金流出達到 9.42 億美元。這標誌著繼顯著的資金流入之後首次資金流出。

The report also highlights a substantial decline in trading volumes, down to $28 billion for the week, compared to the previous week.

該報告也強調，本週交易量較前一周大幅下降，降至 280 億美元。

Investor Hesitancy Amid Price Correction

投資者在價格調整中猶豫不決

According to James Butterfill, Head of Research at Coinshares, the recent price correction in the overall crypto market led to a decrease of $10 billion in total assets under management (AuM). However, AuM still exceeds previous cycle highs, reaching $88 billion.

Coinshares 研究主管 James Butterfill 表示，最近整個加密貨幣市場的價格調整導致管理總資產（AuM）減少了 100 億美元。然而，資產管理規模仍超過先前的周期高點，達到 880 億美元。

Butterfill noted, "We believe the recent price correction led to hesitancy from investors, leading to much lower inflows into new ETF issuers in the US."

Butterfill 指出：“我們認為最近的價格調整導致投資者猶豫不決，導致流入美國新 ETF 發行人的資金大幅減少。”

This hesitancy was not isolated to the US, with countries such as Sweden, Switzerland, Hong Kong, and Germany also experiencing outflows. However, Brazil and Canada saw modest inflows of $9 million and $8.4 million, respectively.

這種猶豫不決並非美國獨有，瑞典、瑞士、香港和德國等國家也出現了資金外流。然而，巴西和加拿大分別有 900 萬美元和 840 萬美元的適度流入。

Altcoins Show Resilience, Major Cryptos Witness Outflows

山寨幣表現出韌性，主要加密貨幣見證資金外流

Despite the broader market trend, altcoins such as Polkadot, Avalanche, and Litecoin saw notable inflows, totaling $16 million. However, major cryptocurrencies like Bitcoin, Ethereum, Solana, and Cardano experienced significant outflows, with Bitcoin alone witnessing $904 million in outflows.

儘管市場趨勢更廣泛，但 Polkadot、Avalanche 和 Litecoin 等山寨幣仍出現了顯著的資金流入，總計 1,600 萬美元。然而，比特幣、以太坊、Solana 和 Cardano 等主要加密貨幣都出現了大幅資金外流，光是比特幣就出現了 9.04 億美元的資金外流。

The price performance of Ethereum, Solana, and Cardano mirrored their outflows, with declines of approximately 10.9%, 17.6%, and 20.3%, respectively, over the past week.

以太坊、Solana 和 Cardano 的價格表現反映了它們的資金流出情況，過去一周分別下跌約 10.9%、17.6% 和 20.3%。

Signs of Recovery, Institutional Adoption Continues

復甦跡象，機構採用繼續

Recent price movements indicate a potential recovery, with Bitcoin and altcoins showing signs of upward momentum over the past 24 hours. Bitcoin has surged roughly 2.5% in the past 24 hours, currently trading at $66,538.

最近的價格走勢表明潛在的復甦，比特幣和山寨幣在過去 24 小時內顯示出上漲勢頭的跡象。比特幣在過去 24 小時內飆升約 2.5%，目前交易價格為 66,538 美元。

This uptick in performance comes as Hong Kong provisionally approved asset managers to initiate spot Bitcoin and Ethereum exchange-traded funds (ETFs).

業績上升之際，香港臨時批准資產管理公司推出現貨比特幣和以太坊交易所交易基金（ETF）。

Furthermore, SEC filings via Form 13F have revealed that several prominent Wall Street firms and US banks have initiated the purchase of Bitcoin ETFs. This diverse group of investors, including investment managers and family offices with assets under management ranging from $200 million to $10 billion, indicates a widening scope of institutional acceptance.

此外，美國證券交易委員會透過 13F 表格提交的文件顯示，幾家著名的華爾街公司和美國銀行已開始購買比特幣 ETF。這一多元化的投資者群體，包括管理資產從 2 億美元到 100 億美元不等的投資經理和家族辦公室，顯示機構接受度不斷擴大。

Julian Fahrer, CEO of the Bitcoin-centric app Apollo Sats, highlighted the significance of these filings, particularly the investment in Ark's ETF by American National Bank, which he characterized as "significant for breaking the seal on banks buying ETFs."

以比特幣為中心的應用程式Apollo Sats 的執行長Julian Fahrer 強調了這些文件的重要性，特別是美國國家銀行對Ark ETF 的投資，他將其描述為「對於打破銀行購買ETF 的限制具有重要意義」。

These developments suggest that despite short-term outflows and price fluctuations, institutional adoption of cryptocurrencies continues to grow, potentially providing a long-term foundation for the market.

這些事態發展表明，儘管存在短期資金外流和價格波動，但機構對加密貨幣的採用仍在持續增長，可能為市場提供長期基礎。