新发行人推动比特币 ETF 交易量激增

3 月份比特币 ETF 交易量激增，达到 1110 亿美元，自 1 月份首次亮相以来几乎增加了两倍。这一飙升归因于投资者对新 ETF 发行人的兴趣，贝莱德 (BlackRock) 超过灰度 (Grayscale) 成为交易量最大的公司。灰度比特币信托（GBTC）经历了大幅资金外流，但最近出现放缓，而 ARK 的首次大规模资金外流引起了分析师的担忧。总体而言，ETF 资金流入已显示出复苏，并且由于投资者兴趣依然高涨，这种趋势可能会在 4 月份继续下去。

Bitcoin ETFs Witness Surge in Trading Volume, Attributing to New Issuers

新发行人推动比特币 ETF 交易量激增

The advent of Bitcoin Exchange-Traded Funds (ETFs) has sparked significant investor interest, leading to a surge in trading volume. In March alone, Bitcoin ETFs saw an impressive $111 billion in trading volume, nearly tripling the figures recorded in January, when these ETFs made their debut in the United States.

比特币交易所交易基金（ETF）的出现激发了投资者的巨大兴趣，导致交易量激增。仅 3 月份，比特币 ETF 的交易量就达到了令人印象深刻的 1110 亿美元，几乎是 1 月份这些 ETF 在美国首次亮相时记录的交易量的三倍。

The surge in trading volume can be attributed to the entrance of new ETF issuers into the market, attracting a broader pool of investors. Grayscale Bitcoin Trust (GBTC), which was the dominant ETF in January, faced significant outflows, while BlackRock's iShares Bitcoin Strategy ETF (IBIT) emerged as the largest ETF in terms of trading volume in March.

交易量的激增可归因于新的 ETF 发行人进入市场，吸引了更广泛的投资者。 1 月份占主导地位的 ETF 灰度比特币信托 (GBTC) 面临大幅资金流出，而贝莱德 (BlackRock) 的 iShares 比特币策略 ETF (IBIT) 成为 3 月份交易量最大的 ETF。

April's Prospects for Bitcoin ETFs

四月份比特币 ETF 的前景

In the wake of March's record-breaking trading volume, analysts speculate on the potential for April to deliver even higher results. The maturing investor base, growing institutional integration, and slowing outflows from GBTC indicate positive trends. However, the direction of Bitcoin prices may also play a significant role in determining the activity of Bitcoin ETFs.

继 3 月份交易量创纪录之后，分析师猜测 4 月份可能会带来更高的业绩。日趋成熟的投资者基础、不断增长的机构整合以及 GBTC 资金流出放缓都表明了积极的趋势。然而，比特币价格的走向也可能在决定比特币 ETF 的活动方面发挥重要作用。

Bitcoin ETF Trading Volume

比特币ETF交易量

According to Bloomberg Intelligence, the trading volume of Bitcoin ETFs surged to $111 billion in March, marking a substantial increase from $40 billion in February and $35 billion in January. Notably, GBTC accounted for the majority of the trading volume in January, while IBIT gained traction in February.

据 Bloomberg Intelligence 统计，3 月份比特币 ETF 交易量飙升至 1110 亿美元，较 2 月份的 400 亿美元和 1 月份的 350 亿美元大幅增长。值得注意的是，GBTC 占据了 1 月份交易量的大部分，而 IBIT 在 2 月份获得了增长。

Grayscale Bitcoin Trust Outflows

灰度比特币信托资金外流

Despite the robust trading volume, Grayscale Bitcoin Trust (GBTC) experienced significant outflows since its January debut. However, BlackRock's IBIT has seen a surge in volumes.

尽管交易量强劲，但灰度比特币信托（GBTC）自 1 月份首次亮相以来仍经历了大幅资金外流。然而，贝莱德的 IBIT 交易量却出现激增。

Bitcoin ETF Inflows Show Signs of Recovery

比特币 ETF 资金流入显示复苏迹象

CoinShares' recent Digital Asset Fund Flows Weekly Report suggests that inflows into Bitcoin ETFs are showing signs of recovery, despite a decline in trading activity. In the week ending March 29, total inflows reached $1.8 billion, with Bitcoin accounting for $865 million. This is a significant improvement compared to the previous week's $931 million outflows.

CoinShares 最近的数字资产基金流量周报显示，尽管交易活动有所下降，但比特币 ETF 的资金流入却显示出复苏的迹象。截至 3 月 29 日当周，资金流入总额达到 18 亿美元，其中比特币流入 8.65 亿美元。与上周 9.31 亿美元的流出相比，这是一个显着的改善。

Market Outlook

市场展望

With Bitcoin's price recovering from a dip below the crucial $65,000 level, analysts remain optimistic about the prospects for Bitcoin ETFs in April. The maturing investor base, growing institutional adoption, and slowing outflows from GBTC paint a positive picture for the broader market. The direction of Bitcoin prices will also be a key factor in determining the activity of Bitcoin ETFs in the coming month.

随着比特币价格从低于 65,000 美元的关键水平回升，分析师对 4 月份比特币 ETF 的前景仍然乐观。成熟的投资者基础、不断增长的机构采用以及 GBTC 资金流出放缓，为更广泛的市场描绘了一幅积极的图景。比特币价格的走向也将是决定未来一个月比特币 ETF 活动的关键因素。