比特币（BTC）ETF市场因雷击而震撼

加密市场（Crypto Market）被闪电所吸引，因为更广泛的市场努力收回以前的高点。

The crypto market has been struck with lightning as the broader market struggles to reclaim previous highs.

加密市场（Crypto Market）被闪电所吸引，因为更广泛的市场努力收回以前的高点。

The hardest-hit sector remains Exchange-Traded Funds (ETFs), which have been in a prolonged slump.

受到艰难的部门仍然是交换贸易资金（ETF），这些资金一直处于长时间的低迷状态。

Bitcoin ETFs struggle

比特币ETF挣扎

A deeper look into the market shows that the U.S. spot Bitcoin [BTC] ETF market has faced a sharp decline, with net inflows struggling to gain momentum.

对市场的更深入的看法表明，美国现场比特币[BTC] ETF市场面临着急剧下降的幅度，净流入努力获得动力。

February saw only five days of positive inflows, while March has recorded just one so far.

2月只有五天的积极流入，而三月到目前为止仅记录了1天。

As a result, the total net inflows since the start of 2025 have nearly been wiped out, with fund values dropping by almost 25% from their late January peak.

结果，自2025年初以来的总净流入几乎被淘汰，基金价值比1月下旬的峰值下降了近25％。

According to SoSoValue data, the cumulative net inflows currently stand at $35.20 billion—only slightly above the $35.00 billion recorded on the first trading day of the year.

根据Sosovalue数据，累计净流入目前为3520亿美元，仅高于一年中第一交易当天记录的3500亿美元。

Community concerned

社区有关

This downturn mirrors Bitcoin’s price struggles, raising concerns about investor sentiment in the ETF space.

这种低迷反映了比特币的价格挣扎，引起了对ETF领域投资者情绪的担忧。

Remarking on the same, an X account noted, 

X帐户在同一情况下说，

“Looks like it’s been a wild ride for Bitcoin ETFs this year! Market trends sure know how to keep us on our toes.” 

“对于今年的比特币ETF来说，这似乎是一次疯狂的旅程！市场趋势肯定知道如何使我们保持脚趾。”

Adding to the fray was another X user-added, 

添加到竞争中是另一个X用户添加，

“Looks like Bitcoin ETFs are taking a nosedive—erasing year-to-date gains is no small feat. Cumulative inflows hitting lows not seen since January? That’s a big red flag. Time to reassess those bullish narratives, folks.” 

“看起来比特币ETF正在努力 - 逐渐逐渐收益并不是一件小事。自一月以来从未见过的低点累积流入？那是一个大的危险信号。是时候重新评估那些看涨的叙述，伙计们了。”

Despite a slight recovery in the total value of assets under management (AUM) for BTC ETFs, the underlying trend remains concerning.

尽管BTC ETF的管理资产总值（AUM）的总价值略有恢复，但基本趋势仍然令人担忧。

The recent 10% increase in Bitcoin’s price has contributed to this uptick, but it masks the persistent net-negative outflows recorded in recent weeks.

比特币价格最近提高了10％的增长，这导致了这一上涨，但它掩盖了最近几周记录的持续净阴性外流。

Recent downturn

最近的经济低迷

Recently, too Bitcoin ETFs experienced net withdrawals of $371 million on the 11th of March, marking the seventh consecutive day of capital outflows.

最近，比特币ETFS在3月11日的净撤离额为3.71亿美元，标志着连续第七天的资本流出。

This downward trend extended beyond BTC, as Ethereum [ETH] ETFs have also struggled, registering $21.57 million in net outflows for five straight days.

随着以太坊（ETH）ETF也在挣扎中，这种下降趋势扩展到了BTC之外，连续五天获得了2157万美元的净外流。

Needless to say, as Bitcoin ETFs face mounting challenges, the spotlight is shifting toward alternative cryptocurrency funds.

不用说，当比特币ETF面临越来越多的挑战时，聚光灯正在转向替代加密货币基金。

Will altcoin ETFs take the spotlight?

Altcoin ETF会引起人们的关注吗？

As per reports, a growing number of asset managers are now racing to introduce the first altcoin ETFs, aiming to diversify the market beyond BTC.

据报道，越来越多的资产经理正在竞争引入第一个Altcoin ETF，旨在使BTC以外的市场多样化。

Proposed funds include holdings in assets such as Polkadot, Axelar, and Avalanche, reflecting a broader interest in expanding institutional investment options.

拟议的资金包括Polkadot，Axelar和Avalanche等资产的持股，反映出对扩大机构投资选择的更广泛兴趣。

However, analysts suggest that the most likely contenders for regulatory approval are Litecoin [LTC], Ripple [XRP], Solana [SOL], and Dogecoin [DOGE] ETFs.

然而，分析人士认为，最有可能获得监管批准的竞争者是Litecoin [LTC]，Ripple [XRP]，Solana [Sol]和Dogecoin [Doge] ETFS。

If approved, these funds could inject fresh momentum into the crypto investment landscape, potentially reshaping market dynamics amid Bitcoin’s ongoing struggles.

如果获得批准，这些资金可以将新的动力注入加密投资格局，从而在比特币持续的斗争中重塑市场动态。