比特币现货 ETF 在市场动荡中打破记录

过去一周，比特币回调了 4%，但现货 ETF 继续蓬勃发展，创下新纪录。它们的成功已成为一个反复出现的主题，引发人们猜测美国证券交易委员会 (SEC) 可能会重新考虑其对现货比特币 ETF 的立场。与此同时，更广泛的市场趋势是积极的，通胀降温，股指表现良好。 2024 年第一季度，美国的交易所交易基金 (ETF) 吸引了 1,960 亿美元的资金，其中比特币现货 ETF 推动了这一增长。然而，随着投资者转向更可赎回的产品，灰度的 GBTC 出现了资金外流。

Bitcoin Spot ETFs Continue to Smash Records Amidst Market Correction

比特币现货 ETF 在市场调整中继续打破纪录

Despite a recent dip in Bitcoin's value, spot exchange-traded funds (ETFs) linked to the leading cryptocurrency are continuing to post astounding gains, establishing new records. The success of these ETFs has been so consistent that it's almost tempting to simply reiterate last week's headlines: "Breaking News: Bitcoin Spot ETFs Are a Colossal Success." Nonetheless, it's worth emphasizing the remarkable impact these products have had on the financial landscape, in the hope that regulators will finally acknowledge their transformative potential.

尽管比特币的价值最近有所下跌，但与领先的加密货币相关的现货交易所交易基金（ETF）仍在继续取得惊人的收益，创造了新的记录。这些 ETF 的成功是如此一致，以至于人们很容易重复上周的头条新闻：“突发新闻：比特币现货 ETF 取得了巨大的成功。”尽管如此，值得强调的是这些产品对金融格局产生的显着影响，希望监管机构最终认识到它们的变革潜力。

A Banner Start for ETFs in 2024

2024 年 ETF 的开局

From a macroeconomic perspective, 2024 has been a year of positive indicators. Inflation has begun to ease, interest rate hikes have been paused, and stock markets have generally performed well. These favorable conditions, coupled with increased financial literacy, have spurred widespread interest in investing.

从宏观经济角度来看，2024年是积极指标的一年。通胀开始缓解，加息暂停，股市普遍表现良好。这些有利的条件，加上金融知识的提高，激发了人们广泛的投资兴趣。

This enthusiasm has translated into a surge in ETF inflows, with a staggering $196 billion pouring into these funds in the United States alone during the first quarter of 2024. This marks the second-highest quarterly inflow on record, and the introduction of Bitcoin spot ETFs has played a pivotal role in this remarkable growth.

这种热情转化为 ETF 资金流入的激增，仅在美国，2024 年第一季度就有 1,960 亿美元流入这些基金。这标志着有记录以来第二高的季度资金流入，同时比特币现货 ETF 的推出在这一显着增长中发挥了关键作用。

Bitcoin Spot ETFs Dominate the Landscape

比特币现货 ETF 占据主导地位

BlackRock's IBIT, a prominent Bitcoin spot ETF, has emerged as the undisputed leader in the market. However, it's worth noting that other ETFs are also experiencing significant inflows, indicating a broad-based demand for these products.

贝莱德旗下的 IBIT 是一款著名的比特币现货 ETF，已成为市场上无可争议的领导者。然而，值得注意的是，其他 ETF 也出现了大量资金流入，表明对这些产品的需求广泛。

Despite the impressive growth of crypto-related ETFs, it's important to acknowledge that a significant amount of money is still leaving the market. Grayscale's GBTC, which once held over $23 billion in assets, is expected to see its holdings dwindle to below $10 billion this year as investors seek out more cost-effective and redeemable options.

尽管加密货币相关 ETF 的增长令人印象深刻，但重要的是要承认仍有大量资金正在离开市场。 Grayscale 的 GBTC 曾持有超过 230 亿美元的资产，随着投资者寻求更具成本效益和可赎回的选择，预计今年其持有量将减少至 100 亿美元以下。

Ether ETF Hopes Rekindled

以太坊ETF重燃希望

While the prospects of an Ether ETF approval have faced setbacks in recent months, the Securities and Exchange Commission (SEC) has finally initiated a three-week public comment period for applicants. This positive development has rekindled hope within the industry that an approval could materialize as soon as May.

尽管近几个月来以太 ETF 的批准前景遇到挫折，但美国证券交易委员会 (SEC) 最终为申请人启动了为期三周的公众评议期。这一积极的进展重新点燃了行业内的希望，即最快五月份就能获得批准。

Conclusion

结论

The continued success of Bitcoin spot ETFs is a testament to the growing acceptance and institutional adoption of digital assets. While the regulatory landscape remains challenging, the momentum behind these products is undeniable. As investors seek diversification and exposure to the burgeoning crypto market, the demand for Bitcoin spot ETFs is likely to intensify, further cementing their status as a transformative force in the financial world.

比特币现货 ETF 的持续成功证明了数字资产的接受度和机构采用率不断提高。尽管监管环境仍然充满挑战，但这些产品背后的动力是不可否认的。随着投资者寻求多元化和接触新兴的加密货币市场，对比特币现货 ETF 的需求可能会加剧，进一步巩固其作为金融界变革力量的地位。