比特币减半失败，引发 ETF 抛售

备受期待的比特币减半事件未能实现预期的价格飙升，导致比特币下跌 15%。随后，富达的比特币ETF首日面临2261万美元的净流出，反映出投资者情绪的转变。在更广泛的市场回调中，包括 Grayscale 和 Ark 21Shares 在内的其他比特币基金经历了总计 2.1758 亿美元的大幅流出，表明加密货币市场疲软。

Bitcoin Halving Event Fails to Trigger Anticipated Price Surge, Sparking ETF Outflows

比特币减半事件未能引发预期的价格飙升，引发 ETF 资金外流

New York, New York - April 26, 2023: The much-anticipated Bitcoin halving event on April 20th, which was expected to ignite a significant price surge, has instead resulted in a subsequent 15% drop in Bitcoin's value. This unexpected decline, coupled with a broader pullback in the cryptocurrency market, has triggered a wave of outflows from Bitcoin-related exchange-traded funds (ETFs).

纽约州纽约 - 2023 年 4 月 26 日：4 月 20 日备受期待的比特币减半事件原本预计会引发价格大幅上涨，但结果却导致比特币价值随后下跌 15%。这种意外的下跌，加上加密货币市场的更广泛回调，引发了比特币相关交易所交易基金（ETF）的一波资金流出。

Fidelity's Spot Bitcoin ETF (FBTC), a highly anticipated Bitcoin investment fund that launched in January 2024, has experienced its first day of net outflows on Thursday. According to data from SoSoValues, the daily net outflow amounted to $22.61 million, signaling a shift in investor sentiment toward Bitcoin, the world's leading cryptocurrency.

富达的现货比特币 ETF (FBTC) 是一只备受期待的比特币投资基金，于 2024 年 1 月推出，周四经历了首日净流出。 SoSoValues 的数据显示，每日净流出金额达 2261 万美元，表明投资者情绪转向全球领先的加密货币比特币。

The outflow streak comes amidst a broader pullback in the cryptocurrency market. Several other US Bitcoin funds reported significant outflows, amounting to a combined $217.58 million net outflow on Thursday. **Grayscale Bitcoin Trust ETF (GBTC)** experienced the most substantial outflow, losing $139.37 million.

此次资金外流正值加密货币市场出现更广泛的回调。其他几只美国比特币基金也报告出现大幅资金流出，周四净流出总额达 2.1758 亿美元。 **灰度比特币信托 ETF (GBTC)** 经历了最大幅度的资金外流，损失了 1.3937 亿美元。

Meanwhile, Ark 21Shares Bitcoin ETF (ARKB) witnessed $31.34 million in outflows. Additionally, **Valkyrie** and **Bitwise** experienced negative net flows of $20.16 million and $6 million, respectively. The recent trend of negative outflow reflects a broader trend of investors exiting cryptocurrency investments amidst market volatility.

与此同时，Ark 21Shares 比特币 ETF (ARKB) 的资金流出达到 3134 万美元。此外，**Valkyrie** 和 **Bitwise** 分别经历了 2016 万美元和 600 万美元的负净流量。近期的负流出趋势反映了投资者在市场波动中退出加密货币投资的更广泛趋势。

However, Franklin Templeton's EZBC fund attracted $1.87 million in new investments on Thursday. Notably, BlackRock's IBIT fund, which had experienced an impressive 71-day streak of positive inflows, received zero net new funds on both Wednesday and Thursday. While this might raise concerns, Bloomberg ETF Analyst James Seyffart clarifies that zero inflows are not uncommon occurrences for ETFs.

然而，富兰克林邓普顿的 EZBC 基金周四吸引了 187 万美元的新投资。值得注意的是，贝莱德的 IBIT 基金经历了连续 71 天的正资金流入，令人印象深刻，周三和周四的新资金净额为零。虽然这可能会引起担忧，但彭博 ETF 分析师 James Seyffart 澄清，ETF 资金流入为零的情况并不罕见。

Bitcoin's 15% Halving Dip Sparks ETFs Outflow

比特币减半 15% 引发 ETF 流出

Despite BlackRock's IBIT receiving a net inflow of $1.5 billion in April, marking positive overall performance, broader market sentiment shows potential crypto market fatigue. The initial excitement surrounding various Bitcoin ETF launches, which drove the cryptocurrency to a record high nearing $74,000 on March 14, seems to be diminishing.

尽管贝莱德的 IBIT 4 月份净流入 15 亿美元，整体表现良好，但更广泛的市场情绪显示加密货币市场潜在疲软。 3 月 14 日，各种比特币 ETF 的推出推动比特币价格创下近 74,000 美元的历史新高，最初引发的兴奋似乎正在减弱。

The highly-awaited Bitcoin halving on April 20th was expected to drive a spike in prices, but it did not yield the anticipated impact. Instead, Bitcoin saw a subsequent 15% drop. Experts suggest this decline, combined with the lack of major events that could re-ignite investor interest, contributes to the current outflow trend.

4月20日，人们期待已久的比特币减半预计会带动价格飙升，但并没有产生预期的影响。相反，比特币随后下跌了 15%。专家表示，这种下降，加上缺乏可能重新激发投资者兴趣的重大事件，导致了当前的资金外流趋势。

Fund inflows were essentially non-existent after the Bitcoin halving event, as Hong Song-uk, an analyst at NH Investment and Securities, stated in a recent report. He further explained that there are no imminent occurrences that draw attention to Bitcoin in the near future.

NH Investment and Securities 分析师 Hong Song-uk 在最近的一份报告中表示，比特币减半事件之后，资金流入基本上不存在。他进一步解释说，在不久的将来，没有任何迫在眉睫的事件会引起人们对比特币的关注。

According to CoinMarketCap, Bitcoin is currently trading at $64,400. Coinglass statistics show roughly $167 million in Bitcoin liquidations over the past 24 hours, with $106 million being long positions, highlighting Bitcoin's liquidity and global trading activity across several exchanges.

根据 CoinMarketCap 的数据，比特币目前的交易价格为 64,400 美元。 Coinglass 统计数据显示，过去 24 小时内比特币清算额约为 1.67 亿美元，其中 1.06 亿美元为多头头寸，凸显了比特币的流动性和多个交易所的全球交易活动。

Bitcoin ETFs Attract Institutional Investments

比特币 ETF 吸引机构投资

Despite the recent outflows and market correction, the emergence of Bitcoin ETFs has undoubtedly had a significant impact on the cryptocurrency market. With an estimated $54 billion invested across various vehicles, these ETFs have attracted a new wave of investors, including institutional players.

尽管近期出现资金流出和市场回调，但比特币ETF的出现无疑对加密货币市场产生了重大影响。这些 ETF 的各种投资工具估计投资了 540 亿美元，吸引了包括机构投资者在内的新一波投资者。

The launch of Bitcoin and Ether ETFs in Hong Kong further underscores the growing global interest in cryptocurrencies and the potential expansion of investment opportunities in new markets.

比特币和以太坊 ETF 在香港的推出进一步凸显了全球对加密货币日益增长的兴趣以及新市场投资机会的潜在扩展。

While the short-term outlook for Bitcoin might be experiencing some turbulence, the long-term potential of the asset class remains promising. The underlying technology and its applications continue to evolve, attracting investment and development across various sectors.

尽管比特币的短期前景可能会经历一些动荡，但该资产类别的长期潜力仍然充满希望。底层技术及其应用不断发展，吸引了各个领域的投资和开发。

As the regulatory landscape matures and institutional adoption increases, Bitcoin's future trajectory is likely to be shaped by a confluence of factors beyond short-term market sentiment.

随着监管环境的成熟和机构采用的增加，比特币的未来轨迹可能会受到短期市场情绪之外的多种因素的影响。