比特币 ETF 资金流出趋于稳定，但随着 Genesis 影响减弱，谨慎情绪普遍存在

Bitcoin ETF Outflows Stabilize, But Caution Remains

比特币 ETF 资金流出趋于稳定，但仍需谨慎

Despite recent net outflows from Bitcoin ETFs, analysts are cautiously optimistic about the potential for inflows. While redemptions have persisted for five consecutive days as of March 23, 2024, the overall outflow magnitude has moderated due to continued accumulation from institutional giants like BlackRock.

尽管近期比特币 ETF 出现净流出，但分析师对资金流入的潜力持谨慎乐观态度。尽管截至2024年3月23日，赎回已连续五天持续，但由于贝莱德等机构巨头的持续增持，整体流出规模有所放缓。

BlackRock's Continued Faith in Bitcoin

贝莱德对比特币的持续信心

Amidst recent market turbulence, BlackRock, the world's largest asset manager, has emerged as a beacon of confidence. According to Thomas Fahrer, a prominent crypto analyst, the company acquired an additional 12,500 BTC this week, although the total amount remains undisclosed. Many experts view BlackRock's sustained Bitcoin investments as a positive sign, indicating the firm's belief in the cryptocurrency's long-term potential.

在最近的市场动荡中，全球最大的资产管理公司贝莱德成为了信心的灯塔。著名加密货币分析师 Thomas Fahrer 表示，该公司本周额外购买了 12,500 BTC，但具体金额尚未披露。许多专家认为贝莱德持续的比特币投资是一个积极的信号，表明该公司对加密货币的长期潜力充满信心。

UPDATE Week 11: #BTC ETF Data

第 11 周更新：#BTC ETF 数据

• Total flows: -13.5K #BTC
• New ETFs: +17K #BTC

• Highlights:

  总流量：-13.5K #BTCNew ETF：+17K #BTCHighlights：

  • BlackRock: +12.5K BTC
  • GBTC: -30.5K BTC
  • FBTC: +1.2K BTC
  • Bitwise: +1K BTC

GBTC Outflows Ease, Concerns Linger

贝莱德：+12.5K BTCGBTC：-30.5K BTCFBTC：+1.2K BTCBitwise：+1K BTCGBTC 资金外流有所缓解，担忧挥之不去

The primary driver of negative inflows this week was Genesis' liquidation process. Grayscale's Bitcoin Investment Trust (GBTC) experienced substantial outflows of over $170 million, likely due to the finalization of Genesis' sales. However, the daily outflow rate has decelerated compared to earlier in the week, suggesting that the impact of the liquidation may be waning.

本周资金负流入的主要驱动因素是 Genesis 的清算过程。 Grayscale 的比特币投资信托基金 (GBTC) 经历了超过 1.7 亿美元的大幅流出，这可能是由于 Genesis 的销售最终确定所致。然而，与本周早些时候相比，每日流出速度有所放缓，表明清算的影响可能正在减弱。

Fidelity's Cautious Approach

富达的谨慎态度

Fidelity Investments, a significant player in the Bitcoin ETF market, adopted a cautious approach this week. Their inflows amounted to just $79 million, significantly lower than their usual levels. This may indicate that Fidelity is adopting a wait-and-see approach before committing to further purchases. They may seek greater market clarity before making substantial acquisitions again.

比特币 ETF 市场的重要参与者富达投资 (Fidelity Investments) 本周采取了谨慎的态度。他们的流入额仅为 7900 万美元，大大低于平时的水平。这可能表明富达在承诺进一步购买之前采取观望态度。在再次进行大规模收购之前，他们可能会寻求更大的市场透明度。

Bitcoin's Price Stabilization After Genesis Turmoil

创世动荡后比特币价格稳定

Whale Panda, a renowned crypto analyst on Twitter, anticipates that Bitcoin's price will stabilize in the near term. This follows a period of significant volatility triggered by the Genesis liquidation. Whale Panda believes that the market is adjusting to recent developments and finding equilibrium. Once this process is complete, Bitcoin's price may resume its upward trajectory.

Twitter 上著名加密货币分析师 Whale Panda 预计，比特币价格将在短期内企稳。在此之前，Genesis 清算引发了一段时期的大幅波动。 Whale Panda认为，市场正在适应近期的发展并找到平衡。一旦这个过程完成，比特币的价格可能会恢复上行轨迹。

Bitcoin Halving and ETF Impact

比特币减半和 ETF 影响

With the Bitcoin halving event just weeks away, questions arise about long-term supply dynamics. Whale Panda estimates that approximately $57.6 million is required daily to purchase all newly mined Bitcoins at a price of $64,000 each. Post-halving, only half of this amount may be necessary, potentially benefiting long-term Bitcoin investors.

距离比特币减半事件只剩下几周的时间，关于长期供应动态的问题出现了。 Whale Panda 估计每天大约需要 5760 万美元才能以每枚 64,000 美元的价格购买所有新开采的比特币。减半后，可能只需要一半的金额，这可能有利于比特币的长期投资者。

Conclusion

结论

The Bitcoin ETF market is navigating a period of uncertainty. While negative inflows have raised concerns, the slowdown in outflows and the continued accumulation by major players like BlackRock provide a glimmer of hope. The coming weeks will be critical in determining whether the market can overcome recent headwinds and resume its upward momentum.

比特币 ETF 市场正在经历一个不确定的时期。虽然负流入引发了担忧，但流出放缓以及贝莱德等主要参与者的持续增持带来了一线希望。未来几周对于决定市场能否克服近期的不利因素并恢复上行势头至关重要。