比特币（BTC）和以太坊（ETH）交易所交易基金（ETF）的性能分歧

加密货币市场，其特征是其动态且通常是不可预测的本质

The cryptocurrency market is heating up, with interesting developments unfolding in the world of exchange-traded funds (ETFs). In a surprising turn of events, U.S. Bitcoin (BTC) ETFs experienced a single-day outflow on March 28, breaking a streak of positive momentum. On the other hand, U.S. Ethereum (ETH) ETFs managed to eke out incremental gains, though this positivity was largely concentrated within a single fund.

加密货币市场正在加热，在交易所买卖基金（ETF）的世界中，有趣的发展正在发展。在一个令人惊讶的事件中，美国比特币（BTC）ETF在3月28日经历了单天的流出，打破了积极的势头。另一方面，美国以太坊（ETH）ETF设法取得了渐进率的收益，尽管这种积极性主要集中在单个基金中。

As for XRP, it’s currently battling bearish pressures and struggling to maintain its footing near the $2 price level.

至于XRP，它目前正在与看跌压力作斗争，并努力保持其2美元价格水平的地位。

Here’s a closer look at these developments:

这是对这些发展的仔细研究：

Bitcoin ETF Outflow: A Temporary Setback or a Sign of Shifting Sentiment?

比特币ETF流出：临时挫折或转移情感的迹象？

The previously unbroken stretch of positive momentum for U.S. Bitcoin ETFs came to an abrupt halt on March 28, as a $93.16 million withdrawal was reported by sosovalue.com. This outflow, which occurred entirely within Fidelity’s FBTC fund, broke a pattern of consistent inflows that had characterized the Bitcoin ETF market since the debut of the first such fund on January 11, 2024.

以前对美国比特币ETF的积极势头的不间断势头于3月28日突然停止，因为Sosovalue.com报告了9316万美元的撤回。自2024年1月11日第一个此类基金首次亮相以来，这种流出完全发生在Fidelity的FBTC基金中，打破了一致的流入模式。

Despite this single-day setback, the overall performance of Bitcoin ETFs remains formidable. Since their inception, these funds have amassed a staggering $36.24 billion in net inflows, showcasing the enduring appeal of Bitcoin ETFs to both institutional and retail investors.

尽管有一个单日的挫折，但比特币ETF的总体表现仍然令人震惊。自成立以来，这些资金积累了惊人的362.4亿美元的净流入，展示了比特币ETF对机构和零售投资者的持久吸引力。

Friday’s trading session saw $2.22 billion change hands across the dozen Bitcoin ETFs, even as the cohort’s aggregate BTC holdings settled at $94.39 billion post-outflow, now commanding 5.68% of Bitcoin’s total market value.

周五的交易会议在数十个比特币ETF中换了22.2亿美元，即使该队列的总BTC持有量达到了943.9亿美元的邮政流，现在占比特币总市场价值的5.68％。

This outflow can be attributed to a single fund, Fidelity’s FBTC, which saw the entire $93.16 million exit during the session. In contrast, the remaining eleven Bitcoin ETFs experienced no net activity, suggesting that specific factors may be contributing to the outflow from Fidelity’s fund.

此流出可以归因于单一基金Fidelity的FBTC，该基金在会议期间看到了整个9,316万美元的退出。相比之下，其余11个比特币ETF没有净活动，这表明特定因素可能导致了富达基金的流出。

The question remains whether this $93.16 million outflow represents a temporary blip or a sign of shifting investor sentiment. While the overall trend remains positive, the concentration of the outflow within a single fund suggests that specific factors may be at play, warranting close monitoring of future ETF flows.

问题是，这笔9316万美元的流出是否代表了暂时的临时性或转移投资者情绪的迹象。尽管总体趋势仍然是积极的，但单个基金中流出的浓度表明特定因素可能正在发挥作用，需要密切监视未来的ETF流量。

Chart 1: U.S. Bitcoin ETF Flows

图1：美国比特币ETF流

Source: Sosovalue.com

资料来源：sosovalue.com

Ethereum ETF Gains: A Solitary Bright Spot Amidst Market Uncertainty

以太坊ETF收益：在市场不确定性中孤立的亮点

In a divergence from the Bitcoin ETF trends, U.S. Ethereum ETFs chartered a steadier course, managing to eke out incremental gains despite a lack of net activity in eight out of the nine funds. This positive performance was largely concentrated within Grayscale’s ETHE fund, which absorbed $4.68 million in inflows. The remaining eight Ethereum ETFs experienced no net activity during the trading session.

在与比特币ETF趋势的分歧中，美国以太坊ETF租用了一个稳定的过程，尽管在九项资金中八分之八的净活动缺乏净活动。这种积极的表现主要集中在Grayscale的Ethe基金中，该基金吸收了468万美元的流入。其余八个以太坊ETF在交易期间没有净活动。

As seen in the chart below, the nine-fund alliance is now safeguarding $6.42 billion in ether reserves, constituting approximately 2.84% of Ethereum’s aggregate valuation.

如下图所示，九基金会联盟现在正在维护64.2亿美元的以太储备，占以太坊总估值的约2.84％。

Chart 2: U.S. Ethereum ETF Flows

图2：美国以太坊ETF流

Source: Sosovalue.com

资料来源：sosovalue.com

The concentration of inflows within Grayscale’s ETHE fund suggests that specific factors may be driving investor interest in this particular fund. While the overall Ethereum ETF market remains relatively stable, the lack of broader participation across all funds raises questions about the strength of investor conviction in Ethereum ETFs.

Grayscale Ethe基金中流入的集中度表明，特定因素可能会引起投资者对该特定基金的兴趣。尽管总体以太坊ETF市场仍然相对稳定，但所有基金中缺乏更广泛的参与会引发有关以太坊ETF中投资者信念的实力的问题。

XRP Price Analysis: Struggling Near $2

XRP价格分析：挣扎接近$ 2

XRP is currently trading in a narrow range between $2.11 and $2.13, battling bearish pressures and struggling to hold above the $2 price zone. The cryptocurrency’s market capitalization stands at $123 billion, with a 24-hour trading volume of $3.39 billion.

XRP目前的交易范围在2.11美元至2.13美元之间，与看跌压力作斗争，并努力持有超过2美元的价格区。加密货币的市值为1,230亿美元，交易量为33.9亿美元。

Looking at the one-hour chart, minor signs of recovery are visible as XRP price bounced off the $2.06 support level. However, resistance near the $2.15 to $2.2 zone has limited further gains, making it a critical level for bulls to break.

从一小时的图表中看，由于XRP价格从2.06美元的支持水平弹起，因此可以看到较小的恢复迹象。但是，接近2.15美元至2.2美元的区域的阻力限制了进一步的收益，这使得公牛队打破的水平至关重要。

The four-hour chart showcases a clear downtrend, characterized by a series of red candles and occasional bullish pullbacks. Volume analysis reveals strong sell-offs, though recent sessions reflect moderate recovery. Support remains strong at $2.06, and resistance in the $2.3 to $2.4 zone is proving formidable.

四小时的图表显示了一个明显的下降趋势，其特征是一系列红色蜡烛和偶尔的看涨回调。数量分析表明，尽管最近的会议反映了中等的恢复，但销售强烈。支持仍然有2.06美元的强劲增长，并且在2.3美元至2.4美元的区域中的阻力证明了强大的。

The daily chart further emphasizes a bearish market structure, with XRP forming lower highs and lower lows. The $1.9 level acts as a significant support zone, while resistance near $2.5 continues to challenge upward movements. Daily volume patterns favor sellers, suggesting weak follow-through on rallies.

每日图表进一步强调了看跌的市场结构，XRP形成较低的高点和较低的低点。 $ 1.9的水平是一个重要的支撑区，而电阻接近2.5美元则继续挑战向上的移动。每日数量模式有利于卖方，这表明对集会的跟进较弱。

Technical Analysis: A Predominantly Bearish Outlook

技术分析：主要是看跌的前景

Oscillator readings indicate an overall neutral-to-bearish sentiment. The relative strength index (RSI) sits at 40.14, suggesting neutral momentum without clear over

振荡器的读数表明总体中性到偏见​​的情绪。相对强度指数（RSI）位于40.14，表明中性动量而不清楚