比特币 ETF 减半后势头飙升

Bitwise 首席执行官亨特·霍斯利 (Hunter Horsley) 预测，受减半后势头增加的预测的推动，财富管理公司的比特币交易所交易基金 (ETF) 将会增加。贝莱德 (BlackRock) 的 iShares 比特币信托 (IBIT) 正在追赶灰度 (Grayscale) 的比特币信托 (GBTC)，而后者却面临着损失 160 亿美元的下行趋势。尽管最初占据主导地位，但随着富达和贝莱德的进军，灰度的市场份额正在缩小，这凸显了机构投资者越来越多地采用比特币 ETF。

Bitcoin ETFs Surge Amidst Heightened Momentum Post-Halving

比特币 ETF 因减半后势头强劲而飙升

Hunter Horsley, the insightful CEO of Bitwise, has predicted an upswing in Bitcoin exchange-traded funds (ETFs) within the realm of wealth management firms. His astute observation coincides with projections that foresee a surge in Bitcoin ETFs following the recent halving event.

Bitwise 富有洞察力的首席执行官亨特·霍斯利 (Hunter Horsley) 预测，财富管理公司领域内的比特币交易所交易基金 (ETF) 将会出现增长。他敏锐的观察与近期减半事件后比特币 ETF 激增的预测不谋而合。

Horsley's foresight harmonizes with the prevailing market sentiment, which underscores a growing appetite for ETFs. This eagerness is corroborated by the fact that investments in Bitcoin within the US ETF market experienced a substantial net inflow immediately prior to the Bitcoin halving, effectively reversing a five-day trend of outflows.

霍斯利的远见与当前的市场情绪相一致，这突显了人们对 ETF 的兴趣不断增长。美国 ETF 市场内的比特币投资在比特币减半之前经历了大量净流入，有效扭转了连续五天的资金流出趋势，这一事实证实了这种渴望。

BlackRock's iShares Bitcoin Trust (IBIT) is steadily narrowing the gap with Grayscale's flagship Bitcoin fund, now trailing by a mere $2 billion. This strategic positioning places BlackRock in a prime position to potentially usurp Grayscale as the world's dominant Bitcoin fund. In sharp contrast, Grayscale's Bitcoin Trust (GBTC) has endured a prolonged downtrend spanning 68 days, shedding nearly $16 billion and reducing its assets to $19.4 billion.

贝莱德 (BlackRock) 的 iShares 比特币信托 (IBIT) 正在稳步缩小与 Grayscale 旗舰比特币基金的差距，目前仅落后 20 亿美元。这一战略定位使贝莱德处于有利地位，有可能取代灰度成为全球主导的比特币基金。与此形成鲜明对比的是，Grayscale 的比特币信托基金 (GBTC) 经历了长达 68 天的长期下跌趋势，损失了近 160 亿美元，资产减少至 194 亿美元。

Conversely, IBIT has demonstrated consistent growth, with its assets now totaling approximately $17.3 billion. However, Grayscale's Spot Bitcoin ETF has witnessed notable capital outflows. Over the past five days alone, investors have withdrawn a staggering $89.9 million, contributing to a cumulative net outflow of $1.6 billion since January.

相反，IBIT 表现出持续增长，目前其资产总额约为 173 亿美元。然而，灰度的现货比特币ETF却出现了明显的资本外流。仅过去五天，投资者就撤出了惊人的 8990 万美元，导致 1 月份以来累计净流出 16 亿美元。

Despite its initial dominance, Grayscale's reign over the Bitcoin ETF market appears to be waning. Fidelity and BlackRock have swiftly captured significant market share since commencing trading. Notably, Fidelity and BlackRock Bitcoin ETFs recorded net inflows of $37.3 million and $18.7 million, respectively, in a single week, mitigating some of the liquidity concerns that had plagued the market.

尽管最初占据主导地位，但灰度对比特币 ETF 市场的统治似乎正在减弱。自开始交易以来，富达和贝莱德迅速占领了重要的市场份额。值得注意的是，富达和贝莱德比特币 ETF 在一周内分别录得 3730 万美元和 1870 万美元的净流入，缓解了困扰市场的一些流动性担忧。

In related developments, Bitcoin mining shares surged in value leading up to the halving event. Horsley, the astute Bitwise CEO, characterizes the adoption of Bitcoin ETFs by registered investment advisors (RIAs) and multifamily offices as "stealth but significant." He emphasizes that major financial institutions are discreetly conducting comprehensive evaluations of the Bitcoin market.

在相关发展中，比特币矿业股票在减半事件之前价值飙升。精明的 Bitwise 首席执行官 Horsley 将注册投资顾问 (RIA) 和联合家族办公室对比特币 ETF 的采用描述为“秘密但意义重大”。他强调，主要金融机构正在谨慎地对比特币市场进行全面评估。

Examining the data provided by Farside, GBTC incurred outflows of $17.5 million on April 10, a significant decline from the $154.9 million recorded the previous day. The preceding low occurred on February 26, when GBTC experienced an outflow of $22.4 million. GBTC's average daily outflows since January have amounted to $257.8 million.

根据 Farside 提供的数据，4 月 10 日，GBTC 发生了 1750 万美元的资金流出，较前一天记录的 1.549 亿美元大幅下降。此前的低点出现在 2 月 26 日，当时 GBTC 流出 2240 万美元。自 1 月份以来，GBTC 的日均流出量已达 2.578 亿美元。

GBTC, initially launched in 2015 and subsequently transformed into an ETF in January, has faced competition from nine other spot Bitcoin ETFs that emerged following Grayscale's legal victory against the U.S. Securities and Exchange Commission, compelling a review of the previously denied GBTC conversion offering.

GBTC 最初于 2015 年推出，随后于 1 月转变为 ETF，面临着来自其他 9 个现货比特币 ETF 的竞争，这些 ETF 是在灰度在美国证券交易委员会的法律诉讼中获胜后出现的，迫使人们对之前被拒绝的 GBTC 转换产品进行审查。

Recently, Genesis, a cryptocurrency lending firm that recently filed for bankruptcy, liquidated approximately 36 million GBTC shares to acquire 32,041 Bitcoin.

最近，最近申请破产的加密货币借贷公司 Genesis 清算了约 3600 万股 GBTC 股票，以收购 32,041 枚比特币。