斑點比特幣ETF每周連續第四周保持負面

隨著宏觀經濟因素繼續嚴重影響投資者的情緒，每週的現場比特幣ETF的每周流量仍然是陰性的。

Weekly flows for 12 spot Bitcoin ETFs remained negative for the fourth consecutive week as macroeconomic factors continued to weigh heavily on investor sentiment, according to data from SoSoValue.

根據Sosovalue的數據，隨著宏觀經濟因素繼續嚴重影響投資者情緒，每週的12個比特幣ETF的流量連續第四周仍然為負面。

The 12 spot Bitcoin ETFs saw another week of outflows with nearly $800 million exiting the funds from March 3-5. This follows a record outflow week that saw over $2.61 billion in redemptions, extending the negative flow streak to four consecutive weeks with total net outflows exceeding $4.5 billion.

12點比特幣ETF看到了另一個星期的流出，近8億美元從3月3日至5日退出了資金。這是在創紀錄的流出週之後，贖回的26.1億美元超過26.1億美元，將負流連續連續延長到連續四個星期，總淨流出超過45億美元。

Notably, Bitcoin ETFs recorded net negative flows throughout last week, starting with $74.19 million on Monday, followed by $143.43 million, $38.3 million, and $134.26 million. The largest outflow of the week occurred on Friday with $409 million exiting the ETFs.

值得注意的是，比特幣ETF在上週錄製了淨負流量，從周一的7419萬美元開始，其次是1.43億美元，1.4343億美元，3830萬美元和1.3426億美元。本週最大的流出量發生在星期五，4.09億美元退出了ETF。

On the final day of the week, ARK and 21Shares’ ARKB led the outflows with $160.03 million. Close behind was Fidelity’s FBTC, which saw $154.89 million withdrawn by investors. Other major ETF issuers, including BlackRock’s IBIT, Grayscale’s GBTC, and Bitwise’s BITB, also experienced outflows to the tune of $39.85 million, $36.46 million, and $18.6 million, respectively. Among the ten funds, only VanEck’s HODL bucked the trend, reporting an inflow of $619.55K.

在一周的最後一天，方舟和21shares的ARKB以1.603億美元的價格領導了外流。 Fidelity的FBTC緊隨其後，投資者撤回了1.5489億美元。其他主要的ETF發行人，包括BlackRock的IBIT，Grayscale的GBTC和Bitwise的BITB，也經歷了外流，分別為3985萬美元，3,346萬美元和1,860萬美元。在十項基金中，只有范克的霍德（Hodl）震驚了這一趨勢，報告了619.5萬美元的流入。

Meanwhile, the nine spot Ethereum funds also reported two consecutive weeks of negative flows, with $455 million exiting the funds, reflecting broader bearish sentiment in the crypto market.

同時，九個以太坊基金還報告了連續兩週的負流量，其中4.55億美元退出了資金，反映了加密貨幣市場上更廣泛的看跌感情。

Despite widespread anticipation that the White House Crypto Summit could provide a boost to the market, Bitcoin ETFs continued their downward trend. Analysts attribute this decline to ongoing macroeconomic concerns.

儘管人們普遍期待白宮加密峰會可以推動市場，但比特幣ETF仍在繼續其下降趨勢。分析師將這種下降歸因於正在進行的宏觀經濟問題。

Some experts suggest that hedge funds have been capitalizing on low-risk arbitrage trades between Bitcoin spot ETFs and CME futures, contributing to the sell-off. As these trades unwind, liquidity is drying up, leading to increased selling pressure and exacerbating ETF outflows.

一些專家認為，對沖基金一直在利用比特幣現場ETF和CME期貨之間的低風險套利交易，這有助於拋售。隨著這些交易的放鬆，流動性正在枯竭，導致銷售壓力增加並加劇了ETF流出。

Another factor influencing Bitcoin’s recent price swings is Trump’s announcement of the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile. While many traders expected the Crypto Summit to be a bullish event, Bitcoin’s (BTC) price dropped from $90,000 to $85,000 following the signing of the executive order.

影響比特幣最近價格波動的另一個因素是特朗普宣布戰略比特幣儲備和美國數字資產庫存。儘管許多交易者預計加密峰會是看漲的活動，但在簽署行政命令後，比特幣（BTC）的價格從90,000美元下降到85,000美元。

According to Kadan Stadelmann, CTO of Komodo, Bitcoin ETFs are experiencing major outflows despite the creation of the Strategic Bitcoin Reserve due to a classic case of “buy the rumor, sell the news.” In such scenarios, assets typically rise in anticipation of an event but decline once it materializes.

根據Komodo的CTO Kadan Stadelmann的說法，儘管創建了戰略性比特幣儲備，但比特幣ETF卻經歷了重大外流，這是由於“買謠言，出售新聞”的經典案例。在這種情況下，資產通常在預期事件時會上升，但一旦實現，資產就會下降。

Stadelmann noted that speculation about the Strategic Bitcoin Reserve began in July 2024 when Trump first mentioned the initiative. By the time the official announcement was made during Thursday’s Crypto Summit, the market had already priced it in, leading to a sell-off.

Stadelmann指出，關於戰略比特幣儲備的猜測始於2024年7月，當時特朗普首次提到該計劃。到週四的加密峰會上正式宣布是在正式宣布的時候，市場已經定價，導致了拋售。

He added that in these situations, “people who are less informed, connected, and monied often buy the news and lose money.” Additionally, the summit took place during a challenging time for the market, with concerns over trade tariffs compounding existing worries about inflation, a slowing real estate market, weak consumer spending, and declining savings.

他補充說，在這種情況下，“那些知情，聯繫和賺錢的人經常購買新聞並虧本。”此外，首腦會議發生在市場上充滿挑戰的時期，擔心貿易關稅會使現有對通貨膨脹的擔憂，房地產市場放緩，消費者支出疲軟以及儲蓄下降的擔憂。