“數字黃金”在2月份不受歡迎，但真正的黃金沒有。

在投資者似乎將黃金扔給路邊以支持比特幣之後，閃亮的金屬以犧牲數字資產為代價。

Digital gold fell out of favor in February, but real gold did not. After investors seemingly tossed gold to the curb in favor of bitcoin, the shiny metal returned to favor at the expense of the digital asset.

數字黃金在二月份不受歡迎，但真正的黃金沒有。在投資者似乎將黃金扔給路邊以支持比特幣之後，閃亮的金屬以犧牲數字資產為代價。

The commodities-focused category, which houses gold exchange-traded funds, took in $4.7 billion for the month (the most since March 2022). Digital-assets funds shed $1.9 billion as investors noted Bitcoin's 17.4% slide in February.

以黃金交換資金為基礎的商品類別的本月為47億美元（自2022年3月以來最多）。由於投資者指出2月比特幣的17.4％滑梯，數字資金籌集了19億美元。

Monthly Flows for the Commodities-Focused and Digital-Assets Morningstar Categories

以商品為中心和數字資產的晨星類別的每月流量

Category

類別

Total Net Flows (in billions)

總淨流動（數十億美元）

Commodities-Focused

專注於商品

$4.7

$ 4.7

Digital-Assets

數字資料

$1.9

$ 1.9

Bitcoin ETFs to Keep an Eye On

比特幣ETF密切關注

While several Bitcoin ETFs saw outflows, Fidelity Wise Origin Bitcoin FBTC bore the brunt of the pain with $1.2 billion of outflows. IShares Bitcoin Trust ETF IBIT, the largest in the category, stayed nearly flat. However, news from BlackRock could give that fund some momentum. The asset manager announced on Feb. 28 that iShares Bitcoin Trust ETF would join select model portfolios.

雖然幾個比特幣ETF看到了流出，但Fidelity Wise Origin Bitcoin FBTC以12億美元的流出率首當其衝。類別中最大的Ishares比特幣信任ETF IBIT幾乎保持平坦。但是，貝萊德（Blackrock）的消息可能會給該基金提供一些勢頭。資產經理於2月28日宣布，Ishares Bitcoin Trust ETF將加入Select Model Portfolios。

Still, a return to high-flying inflows will likely hinge on whether bitcoin can rebound.

儘管如此，重返高空流入可能會取決於比特幣是否可以反彈。

SPDR Gold Shares Posted Strong Returns Before Flows Followed

SPDR Gold Shares發布了巨額回報，然後流動隨之而來

SPDR Gold Shares GLD hauled in $3.4 billion in February to lead the charge for gold ETFs.

SPDR Gold股票在2月以34億美元的價格拖拉，以領導Gold ETF的指控。

Investors were slow to reward gold for its recent returns: SPDR Gold Shares climbed 36.4% over the 12 months entering February, a stretch in which its category collected just $3 billion. It seems that investors needed turbulent stock markets for gold to reach their radar.

投資者的近期回報獎勵黃金的獎勵很慢：SPDR Gold股在2月份的12個月中攀升了36.4％，其類別僅收取了30億美元。似乎投資者需要動蕩的股票市場才能達到其雷達。