美國現貨比特幣 ETF 10 月囤積 45,000 枚 BTC，接近 100 萬枚 BTC 門檻

現貨比特幣交易所交易基金 (ETF) 正在經歷自 2024 年 1 月推出以來最強勁的月份之一，10 月迄今的資金流入超過 30 億美元。

Spot Bitcoin exchange-traded funds (ETFs) had one of their strongest months yet, with inflows crossing the $3 billion mark.

現貨比特幣交易所交易基金 (ETF) 經歷了迄今為止最強勁的月份之一，資金流入突破 30 億美元大關。

This demand saw ETF issuers buying up Bitcoin at a rate far outpacing the newly mined supply.

這種需求導致 ETF 發行人以遠遠超過新開採供應的速度購買比特幣。

US Spot Bitcoin ETFs Accumulated 45,000 BTC in October

10 月份美國現貨比特幣 ETF 累積 45,000 BTC

In the trading week of October 21-25, the 11 spot Bitcoin ETFs together purchased 15,194 BTC, which is almost five times the 3,150 BTC mined in that period, according to data from HODL15Capital. The inflows during this week alone amounted to about $1.83 billion, highlighting the strong demand that fueled ETF issuers' record levels of BTC acquisition.

HODL15Capital 的數據顯示，在 10 月 21 日至 25 日的交易週中，11 隻現貨比特幣 ETF 總共購買了 15,194 BTC，幾乎是該時期開採的 3,150 BTC 的五倍。僅本週的資金流入就達到約 18.3 億美元，凸顯了推動 ETF 發行人購買比特幣創紀錄水平的強勁需求。

“If you sold any Bitcoin today, this week, or this year, it’s been bought by the ETFs. Demand for U.S. Bitcoin ETFs outpaces new supply by a land mile, yet weak hands willingly sell their BTC day after day, week after week,” HODL15Capital noted.

「如果你今天、本週或今年出售任何比特幣，它就會被 ETF 購買。對美國比特幣 ETF 的需求超過新增供應一英里，但弱勢群體願意日復一日、週復一周地出售比特幣。

Since the beginning of October, these issuers have collectively purchased 45,557 BTC, marking the fourth-highest month for BTC acquisitions since spot ETFs were approved on January 10, 2024.

自 10 月初以來，這些發行人總共購買了 45,557 枚 BTC，這是自 2024 年 1 月 10 日現貨 ETF 獲批以來 BTC 購買量第四高的月份。

Meanwhile, the aggressive buying spree brought ETF issuers' combined BTC holdings closer to the one million BTC milestone. As of October 25, the Bitcoin ETF issuers together held 977,122 BTC — only 22,878 BTC away from the million-BTC threshold. BlackRock has the largest BTC stash, holding about 403,714 BTC, which is nearly 2% of Bitcoin’s total supply.

同時，激進的購買熱潮使 ETF 發行人的 BTC 持有總量更接近 100 萬個 BTC 的里程碑。截至 10 月 25 日，比特幣 ETF 發行人總共持有 977,122 BTC，距離百萬比特幣門檻僅差 22,878 BTC。貝萊德擁有最大的 BTC 儲備，持有約 403,714 BTC，佔比特幣總供應量的近 2%。

Interestingly, at the current rate of accumulation, the combined holdings of the ETFs could soon outstrip that of Satoshi Nakamoto, the pseudonymous creator of the apex asset.

有趣的是，以目前的累積速度，ETF 的持有總量可能很快就會超過頂級資產的化名創造者中本聰的持有量。

“Not yet 10 months old and the ETFs are 97% of the way to holding 1 million BTC, and 87% of the way to passing Satoshi as biggest,” Bloomberg ETF analyist Eric Balchunas noted.

彭博ETF 分析師 Eric Balchunas 指出：「成立還不到10 個月，這些ETF 已完成97% 的目標，以持有100 萬比特幣，並以87% 的速度超越中本聰，成為最大的比特幣持有者。

Market observers have highlighted that as the ETF issuers now hold a significant portion of BTC's supply, their clout over the market liquidity and price stability is bound to amplify.

市場觀察家強調，由於 ETF 發行人目前持有 BTC 供應的很大一部分，他們對市場流動性和價格穩定的影響力必然會增強。

In fact, as the ETFs continue to accumulate the apex asset, there could be a heightened risk of volatility during periods of high inflows or outflows, especially given BTC’s relatively fixed supply. Analysts caution that such concentration could amplify the price sensitivity to market dynamics.

事實上，隨著 ETF 繼續累積頂級資產，在資金大量流入或流出期間，波動風險可能會加大，特別是考慮到 BTC 的供應量相對固定。分析師警告稱，這種集中度可能會增強價格對市場動態的敏感度。