創紀錄的ETF流出震動比特幣市場，Cathie Wood的ARKB超過Grayscale的GBTC

ARK 21Shares 比特幣 ETF (ARKB) 於 4 月 2 日經歷了創紀錄的 8,750 萬美元流出，首次超過 Grayscale 的比特幣信託 (GBTC)。這一重大事件標誌著 ARKB 連續第二天出現資金流出，資產總計損失 30 萬美元，而貝萊德 IBIT 基金則流入 1.505 億美元。

Record Selloff Rocks Bitcoin ETF Market: Cathie Wood's ARKB Surpasses Grayscale's GBTC in Unprecedented Outflow

創紀錄的拋售震撼了比特幣 ETF 市場：Cathie Wood 的 ARKB 超過 Grayscale 的 GBTC，資金流出史無前例

In a seismic shift within the Bitcoin exchange-traded fund (ETF) landscape, Cathie Wood's ARK 21Shares Bitcoin ETF (ARKB) experienced an extraordinary outflow of $87.5 million on April 2, 2024, eclipsing Grayscale's Bitcoin Trust (GBTC) for the first time.

比特幣交易所交易基金(ETF) 格局發生了巨大變化，Cathie Wood 的ARK 21Shares 比特幣ETF (ARKB) 於2024 年4 月2 日經歷了8750 萬美元的非凡流出，首次超過了Grayscale 的比特幣信託(GBTC)。

As per data from Farside Investors, this outflow represented a watershed moment, with ARKB's redemptions exceeding GBTC's by approximately 1,300 BTC. Notably, this marked ARKB's second consecutive day of outflows, losing $300,000 in assets the previous day—its first-ever outflow.

根據 Farside Investors 的數據，這次流出代表了一個分水嶺，ARKB 的贖回量比 GBTC 多了約 1,300 BTC。值得注意的是，這標誌著 ARKB 連續第二天出現資金外流，前一天資產損失了 30 萬美元，這是有史以​​來的首次資金外流。

Despite these outflows, ARKB remains a significant player among the recently launched spot ETFs, boasting $2.2 billion in assets under management and holding a substantial 44,662 bitcoins. However, Grayscale retains its dominance in total Bitcoin holdings, with approximately 328,000 BTC.

儘管有這些資金外流，ARKB 仍然是最近推出的現貨 ETF 的重要參與者，管理資產達 22 億美元，持有大量 44,662 枚比特幣。然而，灰度仍然在比特幣持有總量中佔據主導地位，擁有約 328,000 比特幣。

Amidst these mounting ETF outflows, Bitcoin's price has declined about 9% from the previous week. Nevertheless, Bitcoin ETFs collectively managed net inflows of $38.8 million on April 2, primarily driven by BlackRock's IBIT and Fidelity's FBTC.

在 ETF 資金流出不斷增加的情況下，比特幣的價格比前一周下跌了約 9%。儘管如此，比特幣 ETF 在 4 月 2 日總共管理了 3,880 萬美元的淨流入，這主要是由貝萊德 (BlackRock) 的 IBIT 和富達 (Fidelity) 的 FBTC 推動的。

Market Response and Future Implications

市場反應與未來影響

The ETF outflow event has sent ripples through the market. Grayscale has endured a staggering $15.1 billion loss over the past three months, forming a stark contrast to the $150.5 million inflow witnessed by BlackRock's fund. The broader impact of these shifts is evident in the overall market performance, with Bitcoin's price briefly dipping below $65,000 amid the ETF outflows.

ETF資金流出事件在市場上掀起漣漪。過去三個月，灰度遭受了驚人的 151 億美元損失，與貝萊德基金的 1.505 億美元資金流入形成鮮明對比。這些變化的更廣泛影響在整體市場表現中顯而易見，比特幣價格在 ETF 流出期間短暫跌破 65,000 美元。

This development has sparked a flurry of discussions regarding the stability and future of Bitcoin ETFs. Analysts are scrutinizing the market for signs of stabilization or further shifts in investor sentiment. James Seyffart, an ETF analyst from Bloomberg, commented on yesterday's outflow of GBTC, stating that the $302.60 million outflow was significantly higher than his expectations. He further expressed that the outflows, particularly for GBTC, should have slowed down by now.

這項進展引發了有關比特幣 ETF 穩定性和未來的一系列討論。分析師正在密切關注市場，尋找穩定跡像或投資者情緒進一步轉變的跡象。彭博社 ETF 分析師 James Seyffart 對昨天 GBTC 的流出進行了評論，表示 3.026 億美元的流出量明顯高於他的預期。他進一步表示，資金外流，尤其是 GBTC 的資金外流，現在應該已經放緩。

The introduction of leveraged spot Bitcoin ETFs adds another layer of complexity, potentially amplifying volatility and reshaping the ETF landscape. Eric Balchunas, another Bloomberg ETF analyst, noted that the launch of the first-ever 2x and -2x leveraged spot Bitcoin ETFs will likely rank among the top 5 most volatile ETFs in the US out of the total 3,400.

槓桿現貨比特幣 ETF 的推出增加了一層複雜性，可能會放大波動性並重塑 ETF 模式。另一位彭博 ETF 分析師 Eric Balchunas 指出，推出首個 2 倍和 -2 倍槓桿現貨比特幣 ETF 可能會在美國 3,400 只 ETF 中躋身前 5 名。

Bitcoin Chart Analysis

比特幣圖表分析

Bitcoin's (BTC) recent price action suggests a bearish trend, with the price crossing below multiple key exponential moving averages (EMAs): the 20, 50, 100, and 200, indicating a strong downtrend. The price appears to have encountered resistance around the $66,400 mark, as evidenced by a minor rebound. However, the presence of the EMAs above the price action could act as resistance levels for any upward movement.

比特幣 (BTC) 最近的價格走勢顯示看跌趨勢，價格跌破多個關鍵指數移動平均線 (EMA)：20、50、100 和 200，顯示強勁的下跌趨勢。價格似乎在 66,400 美元關卡附近遇到阻力，小幅反彈就是證明。然而，價格走勢上方 EMA 的存在可能會成為任何向上走勢的阻力位。

The Relative Strength Index (RSI), a key indicator, currently stands at 51.65, suggesting that the market is neither overbought nor oversold, providing little directional bias. The recent price movement indicates a period of consolidation following a sharp decline. Traders may seek potential sell signals if the price fails to break above the closest EMA or potential buy signals if there's a reversal pattern with support from volume and the RSI moves positively out of neutral territory. Close monitoring of a clear break from this consolidation pattern is critical for determining the next move.

關鍵指標相對強弱指數（RSI）目前為51.65，顯示市場既沒有超買也沒有超賣，幾乎沒有方向性偏差。最近的價格走勢表明在急劇下跌之後將進入盤整期。如果價格未能突破最接近的均線，交易者可能會尋求潛在的賣出訊號；如果在交易量的支持下出現反轉模式，且RSI 積極脫離中性區域，交易者可能會尋求潛在的買入訊號.密切監控這種盤整模式的明顯突破對於確定下一步走勢至關重要。