比特币（BTC）机构投资者于4月22日堆积了十一次进入美国现货比特币交易所交易所资金（ETF）的十一倍。

OnChain Analytics公司GlassNode的新数据证实，耗资9.12亿美元的ETF流入相当于2025年平均值的500倍。

Key points:

要点：

Bitcoin ETF had an all-time average on April 22.

比特币ETF在4月22日的历史平均水平。

The performance of ETFs remains closely tied to BTC price action.

ETF的性能与BTC价格行动密切相关。

ETFs themselves are gaining influence, with one commentator arguing that they can “determine” exchange activity.

ETF本身正在受到影响，一位评论员认为他们可以“确定”交换活动。

Bitcoin (BTC) institutional investors piled over eleven times the all-time average into the US spot Bitcoin exchange-traded funds (ETFs) on April 22.

比特币（BTC）机构投资者于4月22日堆积了十一次进入美国现货比特币交易所交易所资金（ETF）的十一倍。

Fresh data from onchain analytics firm Glassnode confirms that the $912 million ETF had more than 500 times the 2025 daily average.

OnChain Analytics公司GlassNode的新数据证实，9.12亿美元的ETF的平均每日2025倍以上。

Bitcoin ETFs immediately felt the impact of BTC price rises this week, with inflows undergoing a “dramatic” turnaround to nearly $1 billion in a single day. BTC/USD hit its highest levels since early March.

比特币ETF立即感受到了本周BTC价格的影响，一日的流入量“戏剧性”的周转到近10亿美元。 BTC/USD达到了3月初以来的最高水平。

Glassnode reveals just how unusual such a tally is - so far, in 2025, the average daily inflow has been just 23 BTC ($2.1 million).

GlassNode揭示了如此不寻常的计数 - 到目前为止，2025年，平均每日流入仅为23 BTC（210万美元）。

“This was the largest daily inflow since November 11, 2024, marking a notable resurgence in demand,” researchers explained in an X thread on the topic.

研究人员在该主题的X线程中解释说：“这是自2024年11月11日以来最大的每日流入。”

The April 22 total thus stands at over 500 times the average for a year in which dramatic sentiment shifts have led to periods of major outflows across the ETF cohort.

因此，4月22日的总数达到了一年的平均水平超过500倍，这导致了整个ETF队列的大量流出时期。

Even in the context of the ETFs’ entire lifespan since their January 2024 launch, the $912 million figure is rare and constitutes around 11.5 times the daily average.

即使是自2024年1月推出以来ETF的整个寿命，这笔9.12亿美元的数字也很少见，构成了每日平均水平的11.5倍。

“Since inception, the average daily inflow is approximately 1,031 $BTC, and the average over the last 90 days is 288 $BTC. This makes today's total a significant deviation,” Glassnode added.

GlassNode补充说：“自成立以来，平均每日流入约为1,031美元，而过去90天的平均水平为288美元。BTC。这使得今天的总偏差很大。”

ETFs become “marginal buyer” for BTC

ETF成为BTC的“边际买家”

Continuing, Bloomberg ETF analyst Eric Balchunas was among those optimistic about the ETFs' change of fortunes.

继续，彭博ETF分析师埃里克·巴尔库纳斯（Eric Balchunas）对ETF的命运变化感到乐观。

“The spot bitcoin ETFs went Pac-Man mode yesterday. Inflows continue (now >$900M) and across most ETFs (not just iShares). Nearly $3B in bitcoin etf inflows since the start of the year are now making a difference. Maybe that's why we saw a return of exchange buying activity,” he noted to X followers.

“昨天的现货比特币ETF进行了PAC-Man模式。流入持续（现在> 9亿美元）和大多数ETF（不仅是Ishares）。几乎$ 3B的比特币ETF流入自年以来，自年初以来就会有所作为。也许这就是为什么我们看到了交易所购买活动的原因，”他对X关注者表示。”

Balchunas noted that inflows increased across most of the eleven ETFs - a move that contrasts with the common scenario in which the largest product, BlackRock’s iShares Bitcoin Trust (IBIT), takes in the lion’s share of investments.

Balchunas指出，在11个ETF的大部分时间中，流入量增加 - 此举与最大产品BlackRock的Ishares Bitcoin Trust（IBIT）的共同情况形成鲜明对比。

Andre Dragosch, European head of research at asset management firm Bitwise, was equally buoyant.

资产管理公司Bitwise的欧洲研究负责人安德烈·德拉格斯（Andre Dragosch）同样浮动。

“Great to see very positive net inflows into Bitcoin ETFs again - In fact, they have become 'the marginal buyer' in Bitcoin since Jan 2024. This is according to DeFI lending protocols, which saw a decrease in lending activity today despite Bitcoin price rises,” he observed alongside more Glassnode data.

“很高兴再次看到非常积极的净流入比特币ETF-实际上，自2024年1月以来，它们已成为比特币的'边际买家。