随着市场情绪积极波动，比特币 ETF 预计将激增

首席执行官亨特·霍斯利 (Hunter Horsley) 预测财富管理公司中比特币交易所交易基金 (ETF) 的数量将会增加。虽然灰度的比特币信托（GBTC）历来主导市场，但贝莱德的 iShares 比特币信托（IBIT）正在迅速缩小差距，可能威胁灰度作为全球最大比特币基金的地位。

Surge in Bitcoin ETFs Anticipated as Market Sentiment Shifts

随着市场情绪的转变，比特币 ETF 预计将激增

In the wake of the recent Bitcoin halving event, industry experts predict a significant increase in exchange-traded funds (ETFs) tied to the leading cryptocurrency. Hunter Horsley, CEO of Bitwise, foresees a rise in Bitcoin ETF holdings by wealth management firms.

在最近的比特币减半事件之后，行业专家预测与领先的加密货币相关的交易所交易基金（ETF）将大幅增加。 Bitwise 首席执行官 Hunter Horsley 预计财富管理公司持有的比特币 ETF 将会增加。

This prediction echoes the broader market sentiment that ETFs are gaining traction, particularly in the United States. Prior to the halving event, Bitcoin BTC investments in US ETFs recorded a net positive inflow after a period of consecutive outflows.

这一预测呼应了更广泛的市场情绪，即 ETF 正在获得关注，尤其是在美国。减半事件之前，美国ETF的比特币BTC投资在经历一段时间的连续流出后录得净正流入。

BlackRock's iShares Bitcoin Trust (IBIT) is rapidly approaching Grayscale's dominance in the Bitcoin ETF market, closing the valuation gap to a mere $2 billion. This development positions BlackRock as a potential contender to surpass Grayscale as the world's largest Bitcoin fund.

贝莱德 (BlackRock) 的 iShares 比特币信托 (IBIT) 正在迅速接近 Grayscale 在比特币 ETF 市场的主导地位，将估值差距缩小至仅 20 亿美元。这一发展使贝莱德成为超越灰度成为全球最大比特币基金的潜在竞争者。

In contrast to IBIT's steady growth, Grayscale's Bitcoin Trust (GBTC) has experienced a 68-day decline in value, shedding nearly $16 billion and reducing its assets to $19.4 billion. Conversely, IBIT has witnessed continuous asset growth, reaching approximately $17.3 billion in total assets.

与IBIT的稳定增长形成鲜明对比的是，灰度的比特币信托（GBTC）经历了68天的价值下跌，损失了近160亿美元，资产减少至194亿美元。相反，IBIT 的资产不断增长，总资产达到约 173 亿美元。

However, Grayscale's spot Bitcoin ETF has faced significant capital outflows. Over the past five days alone, investors have withdrawn $89.9 million, contributing to a net outflow of $1.6 billion since January.

然而，灰度的现货比特币ETF却面临大量资金外流。仅过去五天，投资者就已撤资 8990 万美元，导致 1 月份以来净流出 16 亿美元。

Despite its early lead, Grayscale's dominance in the Bitcoin ETF market appears to be waning. Fidelity and BlackRock have quickly gained substantial market shares since the commencement of trading. Notably, Fidelity and BlackRock Bitcoin ETFs experienced net inflows of $37.3 million and $18.7 million, respectively, in the same week, providing relief to the market's liquidity issues.

尽管灰度早期处于领先地位，但其在比特币 ETF 市场的主导地位似乎正在减弱。自交易开始以来，富达和贝莱德迅速获得了大量市场份额。值得注意的是，富达和贝莱德比特币 ETF 在同一周内分别净流入 3730 万美元和 1870 万美元，缓解了市场的流动性问题。

Horsley emphasizes the growing adoption of Bitcoin ETFs by registered investment advisors (RIAs) and multifamily offices, describing their involvement as "stealthy but significant." He notes that major financial entities are discreetly conducting thorough assessments of the Bitcoin market.

Horsley 强调，注册投资顾问 (RIA) 和联合家族办公室越来越多地采用比特币 ETF，并称他们的参与“隐秘但意义重大”。他指出，主要金融实体正在谨慎地对比特币市场进行彻底评估。

Farside data reveals that GBTC experienced outflows of $17.5 million on April 10, a significant decrease from the $154.9 million outflows recorded on April 9. The previous low was on Feb. 26 when GBTC outflowed $22.4 million. The daily GBTC outflow average since January remains at $257.8 million.

Farside 数据显示，4 月 10 日 GBTC 流出 1750 万美元，较 4 月 9 日记录的 1.549 亿美元流出大幅下降。此前的低点是 2 月 26 日，当时 GBTC 流出 2240 万美元。自 1 月份以来，GBTC 日均流出量仍保持在 2.578 亿美元。

GBTC, which launched in 2015, converted to an ETF in January alongside nine other spot Bitcoin ETFs after Grayscale successfully challenged the United States Securities and Exchange Commission in court, forcing it to review a previously denied GBTC conversion bid.

2015 年推出的 GBTC 于 1 月份与其他 9 个现货比特币 ETF 一起转换为 ETF，此前灰度在法庭上成功挑战美国证券交易委员会，迫使其审查之前被拒绝的 GBTC 转换要约。

Recently, bankrupt crypto lending firm Genesis offloaded approximately 36 million GBTC shares to acquire 32,041 Bitcoin.

最近，破产的加密货币借贷公司 Genesis 出售了约 3600 万股 GBTC 股票，以收购 32,041 枚比特币。