道富銀行和 Galaxy Asset Management 推出三隻新的以加密貨幣為重點的 ETF

此舉發生之際，投資人一直在撤出現貨比特幣基金，反映出市場的恐懼感。

State Street Global Advisors and Galaxy Asset Management have introduced three new cryptocurrency-focused exchange-traded funds (ETFs) on Tuesday, amidst record outflows from spot Bitcoin funds.

道富環球顧問公司和銀河資產管理公司週二推出了三隻新的以加密貨幣為重點的交易所交易基金（ETF），應對現貨比特幣基金創紀錄的資金流出。

The new ETFs, tracking a diversified index of digital asset companies and relevant ETFs, began trading on the New York Stock Exchange Arca. They are designed to appeal to investors seeking a broader exposure to the crypto market, as opposed to the short-term, volatile movements of a single digital currency.

新的 ETF 追蹤數位資產公司和相關 ETF 的多元化指數，開始在紐約證券交易所 Arca 進行交易。它們旨在吸引尋求更廣泛的加密市場投資的投資者，而不是單一數位貨幣的短期波動。

The SPDR Galaxy Digital Asset Ecosystem ETF (DECO) will invest in shares of U.S.-listed companies with at least 50% of their revenue or assets linked to the digital asset industry. This includes crypto exchanges, miners, and technology firms.

SPDR Galaxy數位資產生態系統ETF（DECO）將投資於至少50%收入或資產與數位資產產業相關的美國上市公司的股票。這包括加密貨幣交易所、礦工和技術公司。

Meanwhile, the SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO) will employ a similar strategy, except that it will also hedge its exposure to the S&P 500 index. Lastly, the SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) will combine exposure to the digital asset ecosystem with other emerging technology sectors.

同時，SPDR Galaxy 對沖數位資產生態系統 ETF (HECO) 將採用類似的策略，只不過它也將對沖其對標普 500 指數的風險敞口。最後，SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) 將把數位資產生態系統與其他新興技術領域的投資結合。

These new funds come as investors have been pulling out of spot Bitcoin funds, reflecting a sense of fear in the market. According to Bloomberg data, 12 U.S.-listed spot Bitcoin ETFs have seen their longest streak of outflows, with a total of $706 million being withdrawn.

這些新基金的出現正值投資人紛紛撤出現貨比特幣基金之際，反映市場的恐懼感。根據彭博社數據，12隻美國上市的現貨比特幣ETF出現了最長的連續流出，總共撤資7.06億美元。

This trend underscores a wavering risk sentiment among investors, especially in light of mixed economic data leading up to this month’s Federal Reserve meeting.

這一趨勢凸顯了投資者風險情緒的波動，特別是考慮到本月聯準會會議之前的經濟數據好壞參半。

“Unlike traditional spot Bitcoin ETFs that directly hold cryptocurrencies, these new funds aim to provide a diversified approach,” said Anna Paglia, chief business officer for State Street Global Advisors.

道富環球投資顧問公司首席商務官 Anna Paglia 表示：“與直接持有加密貨幣的傳統現貨比特幣 ETF 不同，這些新基金旨在提供多元化的投資方式。”

“They will invest in shares of crypto-linked companies and combine these with other ETFs that hold physical Bitcoin or futures contracts. Some investors are not comfortable with the short-term, volatile price swings of single-currency crypto. We believe the next evolution of this market is the introduction of actively managed digital asset portfolios.”

「他們將投資與加密貨幣相關的公司的股票，並將這些股票與持有實體比特幣或期貨合約的其他 ETF 結合。一些投資者對單一貨幣加密貨幣的短期、波動性價格波動感到不安。我們相信這個市場的下一步發展是引入主動管理的數位資產投資組合。

Bitcoin Market Sees Record Outflows

比特幣市場出現創紀錄的資金外流

Data from Sept. 6 showed that net outflows from 12 spot Bitcoin ETFs reached $170 million, with Fidelity and Grayscale leading the charge.

9月6日的數據顯示，12隻現貨比特幣ETF的淨流出達1.7億美元，其中富達和灰階領先。

For example, Fidelity’s FBTC saw nearly $86 million in outflows, marking its seventh consecutive session of negative flows.

例如，富達 (Fidelity) 的 FBTC 出現近 8,600 萬美元的資金流出，這是連續第七個交易日出現負資金流。

Grayscale’s Bitcoin Trust (GBTC) also experienced heavy losses, with $53 million in outflows recently. Since its inception, GBTC has lost over $20 billion, and in just eight days, the fund has seen a $280 million exit.

灰階旗下的比特幣信託（GBTC）也遭受重創，近期資金流出 5,300 萬美元。自成立以來，GBTC 已損失超過 200 億美元，而在短短八天內，該基金就退出了 2.8 億美元。

Other funds, such as Bitwise’s BITB and ARK 21Shares’ ARKB, also saw outflows, illustrating a broader pattern of declining investor confidence in Bitcoin ETFs as crypto prices lack significant catalysts to recover from the current downturn.

Bitwise 的 BITB 和 ARK 21Shares 的 ARKB 等其他基金也出現資金外流，這表明投資者對比特幣 ETF 信心下降的更廣泛模式，因為加密貨幣價格缺乏從當前低迷中復甦的重要催化劑。

Over the past month, the Bitcoin price has experienced significant volatility, with notable ups and downs, as the largest cryptocurrency on the market hit a one-month low of $52,600 on Friday. Since then, however, BTC has regained the $56,740 level, but it has still been down 8% over the past two weeks and nearly 6% over the past month.

過去一個月，比特幣價格經歷了大幅波動，漲跌明顯，市場上最大的加密貨幣上週五觸及一個月低點 52,600 美元。然而此後，BTC 重新回到了 56,740 美元的水平，但在過去兩週內仍下跌了 8%，在過去一個月內下跌了近 6%。

As of now, it remains to be seen if easier macroeconomic conditions can be a catalyst not only for the BTC price but also for the broader crypto market, with the Federal Reserve’s rate cut as the key to the next moves.

截至目前，更寬鬆的宏觀經濟狀況是否不僅能成為比特幣價格的催化劑，還能成為更廣泛的加密貨幣市場的催化劑，而聯準會降息是下一步行動的關鍵。

Featured image from DALL-E, chart from TradingView.com

精選圖片來自 DALL-E，圖表來自 TradingView.com