灰階比特幣信託 ETF 打破連跌，11 週以來首次出現資金流入

灰階比特幣信託 ETF (GBTC) 扭轉了連續 11 週負現金流的局面，收益達 6,300 萬美元。儘管自 1 月競爭現貨比特幣 ETF 獲得批准以來資金持續流出，但這一情況還是出現了。對 Grayscale 來說，資金的積極流入是一個可喜的訊號，因為其 GBTC 仍然是最大的比特幣現貨 ETF，管理的資產超過 187 億美元。

Grayscale Bitcoin Trust ETF Breaks Losing Streak, Securing Inflows for the First Time in 11 Weeks

灰階比特幣信託 ETF 打破連跌，11 週以來首次獲得資金流入

The Grayscale Bitcoin Trust ETF (GBTC), the largest Bitcoin spot ETF globally, has finally halted an 11-week outflow streak, recording inflows of $63 million, according to data from CoinGlass. This positive development marks a significant shift in sentiment for the fund, which has faced a steady exodus of investors since the approval of competing spot Bitcoin ETFs in January.

CoinGlass 的數據顯示，全球最大的比特幣現貨 ETF 灰階比特幣信託 ETF (GBTC) 終於結束了連續 11 週的資金流出，資金流入達 6,300 萬美元。這一積極的發展標誌著該基金情緒的重大轉變，自 1 月比特幣現貨 ETF 競爭性獲得批准以來，該基金一直面臨投資者的穩定流失。

The inflows, which snapped an 80-day string of outflows, have been met with surprise and optimism by analysts. Bloomberg ETF analyst Eric Balchunas expressed his astonishment on Twitter, stating, "Holy crap $GBTC had inflows today. Their 80 day-ish streak is finally over. I had to run my eyes and double check the data but it's true."

這些資金流入結束了連續 80 天的資金流出，分析師對此感到驚訝和樂觀。彭博ETF 分析師 Eric Balchunas 在Twitter 上表達了他的驚訝之情，他表示：「天哪，$GBTC 今天有資金流入。他們長達80 天的連續走勢終於結束了。

Despite the positive inflows, GBTC remains the largest Bitcoin spot ETF by a significant margin, holding over $18.7 billion in assets under management (AUM) and approximately 297,000 Bitcoin. However, constant outflows have allowed newer competitors to close the gap, with the BlackRock iShares Bitcoin Trust (IBIT) now holding $17.2 billion in AUM as of Tuesday.

儘管有大量資金流入，GBTC 仍然是最大的比特幣現貨 ETF，遙遙領先，持有超過 187 億美元的管理資產 (AUM) 和約 297,000 枚比特幣。然而，持續的資金外流使得新的競爭對手縮小了差距，截至週二，貝萊德 iShares 比特幣信託 (IBIT) 的資產管理規模目前為 172 億美元。

The turnaround for Grayscale comes amidst a challenging period for spot Bitcoin ETFs. On Wednesday, the market witnessed its worst day on record, with over $563 million in net outflows coinciding with a drop in the price of Bitcoin. This massive outflow surpassed the previous daily record of $326 million set in mid-March, indicating significant investor uncertainty.

灰階的轉變正值現貨比特幣 ETF 面臨挑戰的時期。週三，市場經歷了有史以來最糟糕的一天，淨流出超過 5.63 億美元，同時比特幣價格下跌。這筆巨額資金流出超過了 3 月中旬創下的 3.26 億美元的單日記錄，顯示投資者存在巨大的不確定性。

The recent inflows and positive sentiment toward GBTC offer a glimmer of hope for the nascent spot Bitcoin ETF industry. Although competition remains intense, the breaking of the outflow streak suggests that investors are regaining confidence in Grayscale's flagship fund.

最近的資金流入和對 GBTC 的積極情緒為新興的現貨比特幣 ETF 行業帶來了一線希望。儘管競爭依然激烈，但資金外流的打破顯示投資者正在重拾對灰階旗艦基金的信心。

As the regulatory landscape for digital assets continues to evolve, the performance of spot Bitcoin ETFs will remain a key indicator of investor sentiment and the overall health of the cryptocurrency market. With the recovery of GBTC and the evolving regulatory framework, the future of Bitcoin ETFs appears promising, potentially leading to wider adoption and increased institutional investment in the space.

隨著數位資產監管環境的不斷發展，現貨比特幣 ETF 的表現仍將是投資者情緒和加密貨幣市場整體健康狀況的關鍵指標。隨著 GBTC 的復甦和不斷發展的監管框架，比特幣 ETF 的未來似乎充滿希望，有可能導致該領域更廣泛的採用和機構投資的增加。