比特币ETF经验记录流出，投资者抛弃其持股

根据加密分析公司Coinglass汇编的数据，该小组在周二经历了11个SEC批准的比特币ETF经历了有史以来最大的流出。

A group of 11 SEC-approved bitcoin ETFs saw a record $1 billion in outflows on Tuesday, according to crypto analytics firm CoinGlass. That far exceeds the previous record of $672 million in daily outflows set in December.

据加密分析公司Coinglass称，一组由11秒批准的比特币ETF在周二的外流中获得了创纪录的10亿美元外流。这远远超过了12月创下的每日流出6.72亿美元的记录。

The record outflows follow a six-day decline during which the assets lost more than $2 billion overall as investors pulled out of the ETFs amid concerns of economic uncertainty, largely sparked by President Trump's escalating trade war with China.

创纪录的流出是在六天下降之后的下降，在此期间，由于对经济不确定性的担忧，投资者退出了ETF，总体上损失了超过20亿美元，这在很大程度上受到特朗普总统与中国贸易战的升级。

The record outflows come as bitcoin itself—and the broader crypto market—saw the biggest selloff since the election of President Trump in November. Since the beginning of February, the original cryptocurrency's price has tumbled from more than $100,000 to less than $85,000, floundering amid the impact of Trump's tariff on investors' risk appetite, the historic hack of crypto exchange ByBit, and multiple memecoin scandals.

创纪录的流出是比特币本身以及更广泛的加密货币市场的出现，这是自11月特朗普总统当选以来最大的抛售。自2月初以来，在特朗普的关税对投资者风险食欲，历史悠久的加密货币交易所bybit和多个纪念品丑闻的影响之中，最初的加密货币价格从超过100,000美元跌至不到85,000美元。

Some of the ETF outflows are likely the result of retail investors deciding to sell now and lock in gains from the recent bull market, as they expect more pain to come, ETF analyst at Bloomberg James Seyffart told Fortune.

彭博社詹姆斯·塞夫特（Bloomberg James Seyffart）的ETF分析师告诉《财富》，一些ETF流出可能是散户投资者决定立即出售并锁定近期牛市的收益的结果。

"People are probably just diversifying their exposures or unwinding some of their bitcoin exposure," he said.

他说：“人们可能只是在使自己的暴露量多样化或放松一些比特币的暴露。”

But he added that some of the ETF losses may also be the result of large institutional investors like hedge funds engaging in basis trading—a strategy that seeks to make profit off of the difference between the spot price of a commodity and the price of a futures contract on the same commodity.

但他补充说，某些ETF损失也可能是大型机构投资者（如对冲基金从事基本交易的策略）旨在从商品的现货价格和同一商品的期货合同之间的差额中获利的策略。

While the latest spot bitcoin ETF movements are significant within the crypto world, these kinds of swings are not shocking for traditional financial markets, Seyffart says. For most non-crypto ETFs, it’s normal to see large amounts of inflows and outflows.

Seyffart说，虽然最新的比特币ETF运动在加密货币世界中很重要，但对于传统的金融市场来说，这种波动并不令人震惊。对于大多数非晶体ETF，看到大量流入和流出是正常的。

"We’re talking about billions of dollars coming out of these ETFs in a rather short period of time. But for now, it’s still par for the course for an ETF category," he said.

他说：“我们正在谈论在很短的时间内这些ETF的数十亿美元。但是，就目前而言，这仍然是ETF类别的课程。”

James Butterfill, head of research at ETF issuer CoinShares, echoed the sentiment, adding that $1 billion is just a small fraction of the total $100 billion invested in bitcoin ETFs.

ETF发行人Coinshares的研究负责人詹姆斯·巴特菲尔（James Butterfill）回应了这一观点，并补充说，10亿美元仅占投资比特币ETF的1000亿美元的一小部分。

“It’s actually quite small in the grand scheme of things,” he said. “So it’s not particularly damaging.”

他说：“在宏伟的计划中，这实际上很小。” “因此，这并不是特别破坏。”