经过强烈的流入扭转，比特币ETF今天重新聚焦了

在3月早些时候看到的情绪扭转了强烈的流入后，比特币ETF恢复了今天的焦点。随着AUM和持续需求的增加

Bitcoin (BTC) ETFs are once again in the spotlight today as a strong streak of inflows has reversed the sentiment seen in earlier March. With rising AUM and sustained demand, institutional investors appear to be incrementally leaning back into BTC.

比特币（BTC）ETF再次成为今天的聚光灯，因为强大的流入率扭转了3月初看到的情绪。随着AUM的增加和持续的需求，机构投资者似乎逐渐倾向于BTC。

Here’s a breakdown of the latest ETF trends and what they could mean for the market.

这是最新的ETF趋势的细分及其对市场的意义。

Sustained inflows provide short-term relief for Bitcoin ETFs

持续流入为比特币ETF提供短期缓解

Since 14 March, Bitcoin ETFs have been steadily reporting inflows for 10 days in a row, collecting a total of $1.06 billion in the period. This follows a significant recovery after a rough start to the month, which saw them record daily outflows of $409 million on 6 March alone.

自3月14日以来，比特币ETF一直在稳步报告连续10天的流入，在此期间收取了10.6亿美元。这是在本月艰难的开始之后的重大恢复之后，仅在3月6日，他们就创下了每日3.09亿美元的流出。

The turnaround in sentiment has pushed the total Assets Under Management (AUM) from $88 billion on 10 March to $98.3 billion by 28 March.

情绪转变已将管理中的总资产（AUM）从3月10日的880亿美元提高到3月28日的983亿美元。

This streak of green days comes at a critical juncture as institutional investors are gradually regaining confidence amid improving macroeconomic conditions and a recovering crypto market.

由于机构投资者在改善宏观经济状况和恢复加密市场的恢复时，这种绿色日期的缘故是一个关键的关键时刻。

If the trend persists, it could serve as a strong tailwind for Bitcoin’s price trajectory.

如果趋势持续下去，它可以作为比特币价格轨迹的强烈逆风。

March is still on track for massive net outflows

三月仍在努力大规模净流出

Despite the recent inflow streak, March is still set to become the second-worst month for Bitcoin ETF netflows. With total net outflows hitting $603 million so far, it surpasses April 2024’s $345 million drawdown, although it still trails February’s record outflow month.

尽管最近出现了流入纪录，但March仍将成为比特币ETF Netflows的第二个月。到目前为止，由于净流出总额达到6.03亿美元，它超过了2024年4月的3.45亿美元降价，尽管它仍然落后于2月的创纪录的流出月。

The mixed performance shows how investor behavior remains divided, with short-term optimism being balanced against longer-term caution.

混合表现表明投资者的行为如何保持分歧，短期乐观与长期谨慎保持平衡。

While the recent recovery in flows hints at a shift in momentum, it hasn’t been enough to offset earlier losses in the month.

尽管最近的流量恢复暗示了动量的转变，但这还不足以抵消本月早期的损失。

Comparing BTC and ETH ETF flows

比较BTC和ETH ETF流动

Data from CoinMarketCap revealed that while Bitcoin ETFs have seen net outflows of $93 million in the last 30 days, Ethereum ETFs have posted a modest $5 million in inflows. ETH’s sustained but smaller inflows could hint at a growing base of long-term holders, although the volume still pales in comparison to BTC’s.

CoinMarketCap的数据表明，尽管比特币ETF在过去30天内的净流出量为9300万美元，但以太坊ETF的净流量却张贴了500万美元的流入。 ETH的持续但较少的流入可能暗示着长期持有人的基础，尽管与BTC相比，该数量仍然显得苍白。

Moreover, Ethereum remains far behind in terms of ETF traction, with its total AUM contributing just 3.87% of ETH’s market cap, compared to Bitcoin ETFs holding 6.01% of BTC’s cap.

此外，与持有BTC CAP的6.01％的比特币ETF相比，以太坊在ETF牵引力方面仍然远远落后于ETH的总计占3.87％。

Combined, BTC and ETH ETFs currently make up 5.75% of the total crypto market cap.

目前，BTC和ETH ETF的合并占总加密市值的5.75％。

Continuation or reversal in Bitcoin ETF flow?

比特币ETF流中的持续还是逆转？

If BTC ETF inflows continue into April, it could mark a broader institutional rotation back into crypto exposure. However, investors should remain cautious, as the month-to-date outflows still reflect the ongoing volatility in sentiment.

如果BTC ETF流入持续到4月，它可能标志着更广泛的机构旋转回到加密货币暴露。但是，投资者应该保持谨慎，因为月流量仍然反映了情绪中持续的波动。

A sustained uptick in AUM and a reduction in daily outflows would likely support bullish price action. Until then, ETF inflows may provide short-term support, but not a full reversal of broader risk-off trends.

AUM的持续增长和减少日常流出可能会支持看涨的价格行动。在此之前，ETF流入可能会提供短期支持，但不能完全逆转更广泛的风险趋势。