聯準會立場出乎意料，美國現貨比特幣 ETF 提款創歷史新高

由於投資者對聯準會維持利率的決定做出反應，5 月 1 日，美國現貨比特幣交易所交易基金 (ETF) 單日流出創紀錄的 5.637 億美元。自4 月24 日以來，資金流出以富達(Fidelity) 的FBTC、灰度(Grayscale) 的GBTC、ARK 的ARKB 和貝萊德(BlackRock) 的IBIT 為首，資金流出總額超過10 億美元。是在監管不確定性和對數位資產長期生存能力的擔憂背景下發生的，導致了加密貨幣的波動。

Record Withdrawals from US Spot Bitcoin ETFs Amid Fed's Unanticipated Stance

聯準會出乎意料的立場導緻美國現貨比特幣 ETF 提款創歷史新高

On May 1, US spot Bitcoin exchange-traded funds (ETFs) experienced their largest single-day outflow on record, with investors withdrawing over half a billion dollars ($563.7 million). The withdrawals came as a surprise in the wake of the Federal Reserve's decision to maintain interest rates between 5.25-5.50%, dashing hopes for a potential rate cut.

5 月 1 日，美國現貨比特幣交易所交易基金 (ETF) 經歷了有史以來最大的單日流出，投資者撤資超過 5 億美元（5.637 億美元）。在聯準會決定將利率維持在 5.25-5.50% 之間之後，撤資出人意料，從而破滅了潛在降息的希望。

Data from CoinGlass reveals a staggering $1.2 billion in outflows from spot Bitcoin ETFs since April 24. The hardest hit was Fidelity's FBTC, which recorded $191.1 million in withdrawals. Close behind were Grayscale's GBTC ($167.4 million), ARK's ARKB ($98.1 million), and BlackRock's IBIT ($36.9 million).

CoinGlass 的數據顯示，自 4 月 24 日以來，現貨比特幣 ETF 的資金流出量高達 12 億美元。緊隨其後的是 Grayscale 的 GBTC（1.674 億美元）、ARK 的 ARKB（9,810 萬美元）和 BlackRock 的 IBIT（3,690 萬美元）。

Market Response to Fed's Decision

市場對聯準會決定的反應

Federal Reserve Chairman Jerome Powell's remarks during Wednesday's press conference were met with mixed reactions. While he dismissed the likelihood of further interest hikes, his acknowledgment that "inflation is still too high" and the uncertainty surrounding the path forward cast a pall over the markets.

聯準會主席鮑威爾在周三的新聞發布會上發表的言論引起了不同的反應。儘管他否認進一步升息的可能性，但他承認「通膨仍然過高」以及未來道路的不確定性給市場蒙上了一層陰影。

Despite an initial rally from $56,620 to $59,430, Bitcoin quickly retreated, falling back to $57,300. At the time of writing, it is valued at $57,800. The disappointing debut of Asia's first spot Bitcoin and Ether ETFs in Hong Kong earlier this week further contributed to the bearish sentiment in the cryptocurrency market.

儘管比特幣最初從 56,620 美元上漲至 59,430 美元，但很快回落，回落至 57,300 美元。截至撰寫本文時，其價值為 57,800 美元。亞洲首隻現貨比特幣和以太幣 ETF 本週稍早在香港首次亮相，令人失望，進一步加劇了加密貨幣市場的看跌情緒。

Regulatory Uncertainty and Institutional Reassessment

監理不確定性和製度重新評估

The record outflows from US Bitcoin ETFs coincide with a period of regulatory uncertainty surrounding cryptocurrencies. The SEC's ongoing probe into FTX's collapse and the heightened scrutiny of stablecoins have raised concerns about the long-term viability of digital assets.

美國比特幣 ETF 創紀錄的資金流出恰逢圍繞加密貨幣的監管不確定時期。美國證券交易委員會對 FTX 倒閉的持續調查以及對穩定幣的嚴格審查引發了人們對數位資產長期生存能力的擔憂。

As institutional investors reassess their exposure to Bitcoin, the market is likely to remain volatile in the near term. The combination of regulatory uncertainty and the Fed's cautious stance has dampened investor enthusiasm, leading to significant withdrawals from spot Bitcoin ETFs.

隨著機構投資者重新評估對比特幣的曝險，市場短期內可能會保持波動。監管的不確定性和聯準會的謹慎立場削弱了投資者的熱情，導致現貨比特幣 ETF 大量撤資。

Conclusion

結論

The unprecedented outflows from US spot Bitcoin ETFs underscore the challenges facing the cryptocurrency market. Institutional investors are adopting a more cautious approach amid regulatory uncertainty and concerns about inflation. The Fed's decision to maintain interest rates further exacerbates these concerns, casting doubt on the short-term prospects for Bitcoin and other cryptocurrencies.

美國現貨比特幣 ETF 前所未有的資金流出凸顯了加密貨幣市場面臨的挑戰。由於監管不確定性和對通膨的擔憂，機構投資者正在採取更加謹慎的態度。聯準會維持利率的決定進一步加劇了這些擔憂，使人們對比特幣和其他加密貨幣的短期前景產生懷疑。