随着机构投资者情绪转变，比特币 ETF 需求反弹，创 6 个月高位

经过数周的低活跃度后，对美国现货比特币交易所交易基金（ETF）的需求有所反弹。资金流入的激增标志着经济的转变

Demand for the U.S. spot Bitcoin Exchange-Traded Funds (ETF) has surged again after weeks of low activity. The shift in institutional investors’ sentiments is evident, with market participants optimistic about further price gains. Those who were此前回避直接接触比特币的人，现在将这种币视为一种受监管的投资工具。

Demand for the U.S. spot Bitcoin Exchange-Traded Funds (ETF) has surged again after weeks of low activity. The shift in institutional investors’ sentiments is evident, with market participants optimistic about further price gains. Those who were此前回避直接接触比特币的人，现在将这种币视为一种受监管的投资工具。

CryptoQuant analysis on Bitcoin ETF Demand

CryptoQuant 对比特币 ETF 需求的分析

In an earlier post, CryptoQuant founder Ki Young Ju highlighted the impressive performance of Bitcoin ETFs. He noted that demand has reached a 6-month high, with net inflows記録 totaling 64,962 BTC over the last 30 days.

在之前的一篇文章中，CryptoQuant 创始人 Ki Young Ju 强调了比特币 ETF 的令人印象深刻的表现。他指出，需求已达到 6 个月来的高点，过去 30 天的净流入总量为 64,962 BTC。

The last time Bitcoin ETFs saw comparable figures was in April, when the coin was trading above $72,000. However, the subsequent bearish price trend impacted ETF flows negatively.

比特币 ETF 上次出现类似数据是在 4 月份，当时该币的交易价格高于 72,000 美元。然而，随后的看跌价格趋势对 ETF 流量产生了负面影响。

Throughout most of May, spot Bitcoin ETFs saw holdings decline, which corresponded with the coin’s initial retracement below the $56,000 level. But this trend quickly shifted, with positive inflows reaching monthly highs from June to August before a decline began in early September.

整个 5 月份的大部分时间，现货比特币 ETF 的持有量都在下降，这与比特币最初回撤到 56,000 美元以下的水平相对应。但这种趋势很快发生转变，6 月至 8 月的正资金流入达到月度高点，然后在 9 月初开始下降。

On September 18, the U.S. economy saw a historic interest rate cut, which helped reverse the downturn. Since then, bullish inflows have continued and recently reached a six-month high.

9月18日，美国经济出现历史性降息，扭转低迷局面。此后，看涨资金持续流入，并于最近达到六个月高位。

Recent fund flows

近期资金流向

According to recent data from Farside Investors, the Bitcoin ETF market is experiencing a major uptrend. Notably, daily net inflows reached an impressive $188 million on October 24. It’s worth noting that these ETFs have only seen a single day of outflows since October 11.

根据 Farside Investors 的最新数据，比特币 ETF 市场正在经历大幅上涨趋势。值得注意的是，10 月 24 日每日净流入达到令人印象深刻的 1.88 亿美元。值得注意的是，自 10 月 11 日以来，这些 ETF 仅出现单日流出。

During Thursday’s market session, total inflows were recorded at $188 million. BlackRock’s spot Bitcoin ETF, IBIT, stood out by attracting the majority of total inflows with $165.5 million. With this inflow, IBIT’s net assets increased to $23.69 billion, showcasing the fund’s strong performance.

在周四的市场交易中，总流入额为 1.88 亿美元。贝莱德的现货比特币 ETF IBIT 脱颖而出，吸引了大部分资金流入，达 1.655 亿美元。随着资金的流入，IBIT的净资产增至236.9亿美元，展现了该基金的强劲表现。

Bitwise’s BITB followed with daily inflows amounting to $29.6 million. Grayscale’s GBTC saw outflows of $7.1 million, while other funds saw no new investments. Additionally, the spot ETFs saw net inflows of $192 million on Wednesday. Again, BlackRock’s IBIT led the way with inflows of $317.5 million.

Bitwise 的 BITB 紧随其后，日流入量达 2960 万美元。 Grayscale 的 GBTC 资金流出 710 万美元，而其他基金则没有新的投资。此外，现货 ETF 周三净流入 1.92 亿美元。贝莱德的 IBIT 再次以 3.175 亿美元的资金流入领跑。

Institutions with Bitcoin ETF portfolio

拥有比特币ETF投资组合的机构

This market has seen prominent Wall Street firms revealing their massive positions. In the second quarter of 2024, Goldman Sachs reported holding over $400 million in seven of the 11 spot Bitcoin ETFs.

在这个市场上，著名的华尔街公司已经披露了他们的大量头寸。 2024 年第二季度，高盛报告称，在 11 只现货比特币 ETF 中，有 7 只持有超过 4 亿美元的资金。

Moreover, Morgan Stanley also increased its holdings, opening new positions in six other funds worth roughly $189 million, with nearly all of that exposure being in BlackRock’s IBIT.

此外，摩根士丹利还增持了其他六只基金，价值约 1.89 亿美元，其中几乎所有敞口都在贝莱德的 IBIT 中。

In other developments, Wells Fargo expanded its holdings beyond Grayscale’s GBTC, disclosing ownership of 37 shares in the ProShares Bitcoin Strategy ETF (BITO). Additionally, JPMorgan reported investments in BTC ETFs, including IBIT, BITB, FBTC, and Grayscale’s GBTC, which were valued at $731,246.

在其他事态发展中，富国银行将其持有量扩大到 Grayscale 的 GBTC 之外，披露了 ProShares 比特币策略 ETF (BITO) 37 股的所有权。此外，摩根大通还报告了对 BTC ETF 的投资，包括 IBIT、BITB、FBTC 和 Grayscale 的 GBTC，价值为 731,246 美元。

Amidst this broad institutional backing, the price of Bitcoin has remained resilient around the $67,000 price level. If demand continues at this pace, it could propel the price towards its previous all-time high of $73,750.

在广泛的机构支持下，比特币的价格在 67,000 美元的价格水平附近保持弹性。如果需求继续以这种速度增长，可能会推动价格升至之前的历史高点 73,750 美元。