灰階比特幣信託顯示，在市場下跌的情況下，淨流出減少

3 月 18 日，灰階比特幣信託基金 (GBTC) 的淨流出達到 6.425 億美元，這是自成立以來的最高水準。這一飆升歸因於法院裁決允許 Genesis Global Holdco LLC 清算價值 13 億美元的 GBTC 股票。然而，交易週結束時 GBTC 流出量的下降趨勢表明買家對 BTC 的需求積極。

Grayscale Bitcoin Trust Experiences Reduced Net Outflows

灰階比特幣信託基金淨流出減少

Amidst a broader decline in net inflows for Bitcoin-spot exchange-traded funds (ETFs), Grayscale Bitcoin Trust (GBTC) saw a moderation in net outflows during the week ending March 22.

在比特幣現貨交易所交易基金 (ETF) 淨流入大幅下降的情況下，灰階比特幣信託 (GBTC) 在截至 3 月 22 日的一周內淨流出有所放緩。

Positive Signal for GBTC

GBTC 的正向訊號

Significantly, GBTC's net outflows reached their lowest level for the week, providing a positive signal for the fund. On Monday, March 18, GBTC experienced a surge in net outflows, reaching $642.5 million, the highest since the launch of the Nine, a group of nine publicly traded Bitcoin investment trusts.

值得注意的是，GBTC 的淨流出達到本週最低水平，為該基金提供了積極信號。 3 月 18 日星期一，GBTC 經歷了淨流出激增，達到 6.425 億美元，這是自九號（九號公開交易的比特幣投資信託基金）成立以來的最高水平。

The initial spike in GBTC outflows was attributed to the court ruling in the Genesis bankruptcy case. In February, the courts authorized Genesis Global Holdco LLC to liquidate GBTC shares worth approximately $1.3 billion.

GBTC 流出量最初激增歸因於法院對 Genesis 破產案的裁決。 2 月，法院授權 Genesis Global Holdco LLC 清算價值約 13 億美元的 GBTC 股票。

Market Trends and Investor Sentiment

市場趨勢和投資者情緒

Despite the improvement in GBTC outflows, the overall trend in BTC-spot ETF market net inflows remained negative, reflecting a test of buyer demand for Bitcoin.

儘管GBTC流出有所改善，但BTC現貨ETF市場淨流入整體趨勢仍為負值，反映買家對比特幣需求的考驗。

According to BitMEX Research and Farside Investors, the BTC-spot ETF market experienced total net outflows of $887.7 million in the week ending March 22.

根據 BitMEX Research 和 Farside Investors 的數據，截至 3 月 22 日當週，BTC 現貨 ETF 市場淨流出總額為 8.877 億美元。

iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) witnessed a sharp decline in their respective net inflows compared to the previous week.

iShares Bitcoin Trust（IBIT）和Fidelity Wise Origin Bitcoin Fund（FBTC）的淨流入量較前一周大幅下降。

IBIT recorded net inflows of $828.3 million in the week ending March 22, a significant decrease from $2,483.6 million in the week ending March 15. FBTC's net inflows also fell to $79.4 million from $717.9 million during the same period.

截至 3 月 22 日當週，IBIT 錄得淨流入 8.283 億美元，較截至 3 月 15 日當週的 24.836 億美元大幅下降。同期 FBTC 淨流入也從 7.179 億美元降至 7,940 萬美元。

MicroStrategy's Confidence

MicroStrategy 的信心

Notwithstanding the recent outflows, MicroStrategy (MSTR) founder and Chairman Michael Saylor remains optimistic. Saylor has consistently expressed confidence in Bitcoin's long-term value and continues to acquire the asset for his company.

儘管最近出現資金外流，MicroStrategy (MSTR) 創辦人兼董事長 Michael Saylor 仍然保持樂觀態度。塞勒一直表示對比特幣的長期價值充滿信心，並繼續為他的公司收購該資產。