FTX 崩溃、ETF 兴趣下降，比特币月度跌幅最大

比特币经历了自 4 月份 FTX 动荡以来最大幅度的月度跌幅，这主要是由于美国现货交易所交易基金 (ETF) 对加密货币的热情减弱。在美联储降息预期减弱的背景下，对比特币等风险投资的需求减少，导致美国现货ETF大量流出。

Bitcoin Suffers Steepest Monthly Decline Post-FTX Collapse Amid Waning ETF Enthusiasm

FTX 崩盘后，ETF 热情减弱，比特币月度跌幅最大

Bitcoin, the foremost cryptocurrency, has endured its most significant monthly setback since the catastrophic fall of the FTX exchange empire. The decline in enthusiasm surrounding US spot exchange-traded funds (ETFs) targeting the leading digital asset has been a driving factor behind this downturn.

比特币作为最重要的加密货币，经历了自 FTX 交易帝国灾难性崩溃以来最严重的月度挫折。针对领先数字资产的美国现货交易所交易基金（ETF）的热情下降是此次经济低迷背后的驱动因素。

Throughout April, Bitcoin plummeted by nearly 16%, closely mirroring the losses incurred in November 2022. The immense enthusiasm surrounding US ETFs had propelled Bitcoin to an unprecedented high of nearly $73,700 in March.

整个 4 月份，比特币暴跌近 16%，与 2022 年 11 月发生的损失密切相关。围绕美国 ETF 的巨大热情将比特币推升至 3 月份近 73,700 美元的前所未有的高位。

However, the diminishing expectations of interest rate reductions by the Federal Reserve have stifled demand for risky investments, leading to a substantial decline in inflows into these products. As a result, the inflow into these products has decreased significantly.

然而，美联储降息预期的减弱抑制了对风险投资的需求，导致流入这些产品的资金大幅下降。因此，这些产品的流入量大幅减少。

Bitcoin's significant 6% drop to approximately $57,500 as of May 1 has had a detrimental effect on the entire crypto market. Smaller competitors such as Ethereum, Solana, and meme coins have suffered more severe losses as a result.

截至 5 月 1 日，比特币大幅下跌 6% 至约 57,500 美元，对整个加密货币市场产生了不利影响。以太坊、Solana 和 Meme 币等规模较小的竞争对手因此遭受了更严重的损失。

As of April 29, the 11 US spot ETFs collectively reported net outflows amounting to $182 million. This figure stands in stark contrast to the substantial net inflows of $4.6 billion recorded in March.

截至4月29日，11只美国现货ETF合计净流出1.82亿美元。这一数字与3月份录得的46亿美元的大幅净流入形成鲜明对比。

Experts attribute the waning interest in Bitcoin ETFs to a combination of factors. Some investors may be concerned about the potential for regulatory scrutiny or a prolonged downturn in the crypto market. Others may be awaiting clearer guidance from the Securities and Exchange Commission (SEC) regarding the approval of spot ETFs.

专家将对比特币 ETF 的兴趣减弱归因于多种因素。一些投资者可能担心监管审查的可能性或加密货币市场的长期低迷。其他人可能正在等待美国证券交易委员会 (SEC) 关于批准现货 ETF 的更明确指导。

The SEC has yet to approve any spot ETFs, citing concerns over market manipulation and volatility. However, several companies have filed applications with the SEC, and the agency is expected to make a decision on these applications in the coming months.

美国证券交易委员会尚未批准任何现货 ETF，理由是担心市场操纵和波动。不过，已有几家公司向 SEC 提交了申请，预计该机构将在未来几个月内对这些申请做出决定。

If spot ETFs are eventually approved, it could provide a significant boost to the crypto market. ETFs make it easier for investors to gain exposure to cryptocurrencies without having to directly purchase and store the assets themselves. This could attract new investors to the market, increasing demand and potentially driving up prices.

如果现货 ETF 最终获得批准，可能会对加密货币市场产生重大推动作用。 ETF 使投资者更容易获得加密货币的投资，而无需直接购买和存储资产。这可能会吸引新投资者进入市场，增加需求并可能推高价格。

In the meantime, the fate of Bitcoin and the broader crypto market remains uncertain. The waning enthusiasm surrounding US spot ETFs has contributed to the recent downturn, but it is unclear whether this trend will continue. The long-term trajectory of Bitcoin and other cryptocurrencies will likely depend on a variety of factors, including the regulatory landscape, macroeconomic conditions, and technological advancements.

与此同时，比特币和更广泛的加密货币市场的命运仍然不确定。对美国现货 ETF 的热情减弱导致了近期的低迷，但目前尚不清楚这种趋势是否会持续下去。比特币和其他加密货币的长期发展轨迹可能取决于多种因素，包括监管环境、宏观经济条件和技术进步。