比特币 ETF：投资者综合指南

比特币 ETF 彻底改变了比特币投资，为投资者提供了新的机会。随着选项列表不断增加，选择正确的选项可能会让人不知所措。我们的全面分析深入研究了比特币期货和现货 ETF 的关键指标，使您能够做出明智的决策。我们比较费用比率、数量、回报和技术指标，揭示隐藏的见解和潜在趋势。探索我们的分析，探索比特币 ETF 的激动人心的世界，评估它们是否适合您的投资策略。

Bitcoin ETFs: A Comprehensive Analysis and Investment Guide

比特币 ETF：综合分析和投资指南

The world of investing in Bitcoin has undergone a transformative revolution with the advent of Bitcoin Exchange-Traded Funds (ETFs). These ETFs have introduced unprecedented excitement and potential profitability to the market. However, with a rapidly expanding roster of options, choosing the right ETF for your investment strategy can be a daunting task.

随着比特币交易所交易基金（ETF）的出现，比特币投资世界经历了一场变革。这些ETF给市场带来了前所未有的兴奋和潜在的盈利能力。然而，随着选择的不断增加，为您的投资策略选择合适的 ETF 可能是一项艰巨的任务。

Fear not, for we have meticulously crafted this comprehensive analysis to empower you with the knowledge and insights necessary to navigate the Bitcoin ETF landscape with confidence. Our monthly analysis, an invaluable resource for both seasoned investors and newcomers alike, delves into the performance of both Bitcoin Futures ETFs and Spot ETFs, providing an in-depth examination of key metrics such as one-month average volume, expense ratio, one-month return, and net fund flow.

不用担心，因为我们精心制作了这份全面的分析，为您提供必要的知识和见解，让您充满信心地驾驭比特币 ETF 格局。我们的月度分析对经验丰富的投资者和新手来说都是宝贵的资源，深入研究了比特币期货 ETF 和现货 ETF 的表现，深入研究了关键指标，例如一个月平均交易量、费用比率、单月回报率和资金净流量。

Bitcoin Futures ETFs: A Deep Dive

比特币期货 ETF：深入探讨

Bitcoin Futures ETFs have gained significant traction, with BITO, BTF, BITS, ARKA, DEFI, BETH, BETE, ARKY, ARKC, and BITC emerging as key players. Let's delve into their performance and dynamics:

比特币期货 ETF 已获得巨大关注，BITO、BTF、BITS、ARKA、DEFI、BETH、BETE、ARKY、ARKC 和 BITC 成为主要参与者。让我们深入研究一下他们的表现和动态：

1. Basic Data Overview

一、基本数据概述

2. Monthly Average Volume Analysis

比特币期货 ETF 价格价格变化成交量第一个月平均成交量第三个月平均成交量AUMSharesBITO$29.03N/A9,818,10015,493,39120,171,544$2,381.3M85.7MBTF$19.20+2.78%46,90047,68770,756$50.3M2.7MBITS$6 5.51+5.22%10,3009 ,44311,563$23.5M0.4MARKA$63.88+3.51%1,9004,6226,603$16.8M0.3MDEFI$76.25+3.64%2,10013,7229,353$11.6M0.2MBETH$80.51+3.25%2,1002,00 42,128$6.9 M0.1MBETE$76.68+3.02%6,5002,1522,584$5.1M0.1M2。月平均交易量分析

Among the top seven Bitcoin Futures ETFs, BITO dominates with a one-month average volume of 15,493,391, followed by BTF with 47,687 and DEFI with 13,722. However, it's important to note that these one-month volumes are generally lower than their three-month average volumes.

在前七名比特币期货 ETF 中，BITO 以 15,493,391 手的一个月平均成交量占据主导地位，其次是 BTF（47,687 手）和 DEFI（13,722 手）。然而，值得注意的是，这些一个月的交易量通常低于三个月的平均交易量。

3. Expense Ratio Analysis

3、费用率分析

In terms of cost efficiency, BETE and BETH have the highest expense ratio of 1.33%, closely followed by BTF at 1.24%. BITO registers a 0.95% expense ratio, while DEFI and BITS come in at 0.94% and 0.65%, respectively. ARKA exhibits the second-lowest expense ratio of 0.70%.

从成本效率来看，BETE和BETH的费用率最高，为1.33%，紧随其后的是BTF，为1.24%。 BITO 的费用率为 0.95%，而 DEFI 和 BITS 的费用率分别为 0.94% 和 0.65%。 ARKA 的费用率排名第二低，为 0.70%。

4. Performance Analysis

4. 性能分析

When it comes to performance, all the top seven Bitcoin Futures ETFs show negative one-month returns. BTF underperforms with a -8.35% return, followed by BETE at -8.10%. BITS registers a return of -7.01%, while BETH and ARKA showcase returns of -6.46% and -5.03%, respectively. DEFI demonstrates a slightly better return of -4.69%, while BITO follows with -4.87%.

就业绩而言，前七名比特币期货 ETF 的一个月回报率全部为负。 BTF 表现不佳，回报率为 -8.35%，其次是 BETE，回报率为 -8.10%。 BITS 的回报率为-7.01%，而BETH 和ARKA 的回报率分别为-6.46% 和-5.03%。 DEFI 的回报率略高，为-4.69%，而 BITO 紧随其后，为-4.87%。

Over a three-month period, BITO's performance stands out with a remarkable return of 54.15%. ARKA and DEFI also perform well with returns of 53.03% and 50.82%, respectively.

三个月内，BITO 的表现脱颖而出，回报率高达 54.15%。 ARKA和DEFI也表现出色，回报率分别为53.03%和50.82%。

5. Monthly Net Fund Flow Analysis

5、月度净资金流向分析

Among the top seven Bitcoin Futures ETFs, only ARKA exhibits a positive net fund flow of +0.01015 million. BITO showcases the biggest negative fund flow of -256.68 million, followed by DEFI with -14.59 million, BITS with -2.22 million, and BTF with -1.14 million.

在前七名比特币期货ETF中，只有ARKA的净资金流量为+010.15万。 BITO 的负资金流量最大，为-25668 万，其次是 DEFI（-1459 万）、BITS（-222 万）和 BTF（-114 万）。

6. Technical Analysis

6. 技术分析

To provide a comprehensive technical analysis of these seven Bitcoin Futures ETFs, we have employed five essential indicators: Williams % Range (20 Days), MACD (15 Period), 20-Day Moving Average, RSI (30 Days), and 20-Day Volatility.

为了对这七种比特币期货 ETF 进行全面的技术分析，我们采用了五个基本指标：Williams % Range（20 天）、MACD（15 个周期）、20 天移动平均线、RSI（30 天）和 20 天挥发性。

Our analysis reveals that BTF, BITS, DEFI, and BETE are moving towards the overbought territory, suggesting a potential correction or reversal. BITO, ARKA, and BETH are neither in overbought nor oversold territory.

我们的分析显示，BTF、BITS、DEFI 和 BETE 正在走向超买区域，表明可能出现修正或逆转。 BITO、ARKA 和 BETH 既没有处于超买也没有处于超卖区域。

The MACD (15 Period) indicator indicates bearish trends for all ETFs, as none of them show positive values. When the MACD is in the negative range, it suggests that the shorter-term moving average is below the longer-term moving average.

MACD（15 周期）指标显示所有 ETF 的看跌趋势，因为它们均未显示正值。当MACD处于负值区间时，表明短期移动平均线低于长期移动平均线。

Based on the 20-Day Moving Average, only ARKA is in a bullish phase, as the current value of none of the others outperforms its average value.

根据 20 日移动平均线，只有 ARKA 处于看涨阶段，因为其他股票的当前价值均未超过其平均值。

The RSI (30-Day) indicators convey that all ETFs remain in the bullish territory, as the RSI value of every ETF is either 50 or above 50.

RSI（30 天）指标表明所有 ETF 仍处于看涨区域，因为每只 ETF 的 RSI 值为 50 或高于 50。

The 20-Day Volatility analysis suggests that BITS and BETH enjoy comparatively lower-level price fluctuations, while BTF and BETE have higher-level price fluctuations and thus have potential for sharp price movements.

20天波动率分析表明，BITS和BETH的价格波动幅度相对较小，而BTF和BETE的价格波动幅度较大，因此有可能出现剧烈的价格波动。

Bitcoin Spot ETFs: An In-Depth Look

比特币现货 ETF：深入研究

The Bitcoin Spot ETF market is populated by prominent players such as GBTC, IBIT, FBTC, ARKB, BITB, HODL, BRRR, BTCO, EZBC, and BTCW. Let's analyze the top seven Bitcoin Spot ETFs based on Asset Under Management:

比特币现货 ETF 市场由 GBTC、IBIT、FBTC、ARKB、BITB、HODL、BRRR、BTCO、EZBC 和 BTCW 等知名参与者组成。我们根据资产管理规模来分析前七名比特币现货ETF：

1. Basic Data Overview

一、基本数据概述

2. Average Volume Analysis

比特币现货ETF价格价格变动成交量第一个月平均成交量第三个月平均成交量AUM股票GBTC$59.26+3.40%7,510,60012,233,71916,223,058$19,381.0M342.4MIBIT$37.93+3.44%29,881,10240,252,70439,155 ,628$17,303.5M479.6MFBTC$58.23+3.39%6,580, 3009,599,76211,634,737$9,659.2M174.4MARKB$66.60+3.38%1,606,9002,359,6192,981,728$2,774.1M43.2MBITB$36.33+3.47%1,568,4002,360, 8812,977,542$2,162.7M61.7MHODL$75.38+3.59%225 ,500313,848489,970$590.7M8.1MBRRR$18.80-0.37%1877714,648552,800$502.2M28.0M2。平均成交量分析

Analyzing the one-month average volume, IBIT emerges as the leader with an impressive volume of 40,252,704. GBTC and FBTC follow with volumes of 12,233,719 and 9,599,

从一个月平均交易量来看，IBIT 以 40,252,704 的交易量成为领先者。 GBTC 和 FBTC 紧随其后，交易量分别为 12,233,719 和 9,599，