黃金交換貿易資金（ETF）已超過管理資產的比特幣ETF（AUM）

當投資者湧向傳統的避風港資產時，黃金交易所交易基金（ETF）已超過了管理資產（AUM）的比特幣ETF。

The tables have turned in the world of exchange-traded funds (ETFs) as gold ETFs have now overtaken Bitcoin ETFs in terms of assets under management (AUM), according to the latest report by Farside Investors.

根據Farside Investors的最新報告，這些桌子已經轉變為交易所交易資金（ETF）的世界，因為黃金ETF現在已經超過了管理資產（AUM）的比特幣ETF。

As investors navigate the shifting tides of the market, their interest has shifted back to the traditional safe-haven asset, gold, leading to a reversal of fortune for the digital currency.

當投資者在市場的變化潮流中導航時，他們的興趣轉移到了傳統的避風港資產（黃金）中，導致數字貨幣的財富逆轉。

Earlier this year, Bitcoin ETFs saw an initial surge in inflows following their launch in the U.S. in January 2024, while gold ETFs experienced outflows as the market focused on the new asset class. However, the tables have turned significantly.

今年早些時候，比特幣ETF在2024年1月在美國推出後的流入率最初激增，而Gold ETFS則經歷了流出，因為市場著重於新的資產類別。但是，桌子已經顯著轉動。

According to the report by the World Gold Council, gold ETFs saw their highest inflows since March 2022, driven by the strong demand for the precious metal.

根據世界黃金委員會的報告，由於對貴金屬的強烈需求，黃金ETF的流入量最高。

At the same time, Bitcoin ETFs have faced major outflows, with the report highlighting a total outflow of $3.8 billion from the ETFs since February 24.

同時，比特幣ETF面臨重大流出，該報告突出了自2月24日以來ETF的總流出總額為38億美元。

The outflows from Bitcoin ETFs can be attributed, in part, to the recent downturn in the cryptocurrency market, which has seen Bitcoin's price drop by over 19% over the past three months.

比特幣ETF的流出部分可以歸因於最近三個月中比特幣的價格下跌了19％以上，該市場最近在加密貨幣市場的下跌。

The shift in investor preference is also evident in the overall AUM figures. While Bitcoin ETFs initially surpassed gold ETFs in AUM following a post-election crypto rally, this trend has reversed, as pointed out by Bloomberg Senior ETF Analyst Eric Balchunas.

投資者偏好的轉變在整體AUM數字中也很明顯。在選舉後的加密集會後，比特幣ETF最初超過了AUM中的金ETF，但正如彭博社高級ETF分析師Eric Balchunas指出的那樣，這種趨勢卻反轉了。

In December 2024, Bitcoin ETFs took the lead in AUM for the first time ever, but gold ETFs have since "reclaimed the asset crown."

2024年12月，比特幣ETF首次在AUM領先，但是Gold ETF自“收回資產冠冕”以來。

As for gold, the precious metal continues its momentum, breaking the $3,000 per ounce mark for the first time ever. Futures for April delivery also went above the level on Thursday.

至於黃金，貴金屬繼續其動力，首次打破了每盎司3,000美元的標記。四月交貨的期貨也超過了周四的水平。

The surge in gold prices is being driven by several factors, including growing geopolitical uncertainty and market volatility, which are reinforcing gold's reputation as a reliable hedge in turbulent times.

黃金價格的上漲是由多個因素驅動的，包括日益嚴重的不確定性和市場波動，這在動盪時期增強了黃金作為可靠的樹籬的聲譽。

With Bitcoin struggling and investors shifting toward stability, the latest data underscores gold's enduring appeal as a safe-haven asset.

隨著比特幣掙扎和投資者向穩定轉移的投資者，最新數據強調了黃金作為安全資產的持久吸引力。