贝莱德 IBIT ETF 抛售资产，市场关注香港首秀

贝莱德的比特币ETF（IBIT）连续两天出现净零流入，标志着与之前趋势的转变。尽管如此，Bitwise 首席信息官 Matt Hougan 认为，由于更广泛的可用性和机构兴趣等因素，未来几个月可能会有更多资金流入。此外，他预测，由于需求增加，包括央行寻求非债务投资，比特币到 2028 年下一次减半时可能会达到 25 万美元以上。

BlackRock's IBIT ETF Experiences Net Outflows, Market Anticipates Hong Kong Debut

贝莱德IBIT ETF出现净流出，市场期待香港首秀

In a notable development, BlackRock's iShares Bitcoin Trust (IBIT), a spot Bitcoin exchange-traded fund (ETF), has registered zero daily inflows for two consecutive days, marking the first time since mid-January. This news has raised concerns among market watchers, prompting speculation about the potential impact on the Bitcoin market.

值得注意的是，贝莱德旗下的 iShares Bitcoin Trust (IBIT)，即现货比特币交易所交易基金 (ETF)，已连续两天实现每日资金流入为零，这是自 1 月中旬以来的首次。这一消息引起了市场观察人士的担忧，引发了人们对比特币市场潜在影响的猜测。

Over the past two days, IBIT has recorded cumulative outflows of $338.2 million, a stark contrast to the inflows witnessed in previous months. This sudden shift in sentiment has caught the attention of investors, who are closely monitoring upcoming events, particularly the highly anticipated Hong Kong ETF debut next week.

过去两天，IBIT 累计流出 3.382 亿美元，与前几个月的流入形成鲜明对比。这种情绪的突然转变引起了投资者的注意，他们正在密切关注即将发生的事件，特别是下周备受期待的香港 ETF 首次亮相。

However, market analyst Kamikaze Fiat has expressed skepticism regarding the potential surge in demand from institutional investors. Fiat asserts that significant inflows from entities like Morgan Stanley and Hong Kong ETFs are unlikely to match the massive $12.5 billion injected into the market during the previous rally.

然而，市场分析师 Kamikaze Fiat 对机构投资者需求的潜在激增表示怀疑。菲亚特声称，来自摩根士丹利和香港 ETF 等实体的大量资金流入不太可能与上次反弹期间向市场注入的 125 亿美元巨额资金相匹配。

Decline in Bitcoin ETF Inflows Raises Questions

比特币 ETF 流入量下降引发问题

The sharp decline in US spot Bitcoin ETF inflows during the second quarter has raised questions about the sustainability of demand for these products. While the first quarter witnessed substantial inflows, reaching $6 billion in February and $4.6 billion in March, the inflow for April has plummeted to a mere $170 million as of April 24th.

第二季度美国现货比特币 ETF 流入量急剧下降引发了人们对这些产品需求可持续性的质疑。虽然第一季度出现大量资金流入，2 月份达到 60 亿美元，3 月份达到 46 亿美元，但截至 4 月 24 日，4 月份的资金流入已骤降至仅 1.7 亿美元。

Despite the recent setback, Bitwise Chief Investment Officer Matt Hougan remains optimistic about the future of Bitcoin ETFs. Hougan predicts that inflows will resume in the coming months, citing the limited availability of these products at major wirehouses and the ongoing due diligence process by institutions.

尽管最近遭遇挫折，Bitwise 首席投资官 Matt Hougan 仍然对比特币 ETF 的未来持乐观态度。霍根预测，资金流入将在未来几个月内恢复，理由是主要电信公司这些产品的供应有限，而且机构正在进行尽职调查。

Bitwise Exec Predicts Bitcoin Price Surge Before 2028 Halving

Bitwise Exec 预测 2028 年减半前比特币价格将飙升

Hougan's bullish outlook is further supported by his belief that central banks will enter the Bitcoin market before the next halving in 2028. He emphasizes that Bitcoin, like gold, is a non-debt asset with a finite supply that cannot be expanded through borrowing or seized by foreign governments.

Hougan 的看涨前景进一步得到了他的信念的支持，他相信央行将在 2028 年下一次减半之前进入比特币市场。他强调，比特币与黄金一样，是一种供应有限的非债务资产，无法通过借贷或扣押来扩大。由外国政府。

Based on this scenario, Hougan forecasts that Bitcoin could trade above $250,000 by the time of the next halving. Such a surge would represent a significant increase from its current price of around $40,000.

基于这种情况，Hougan 预测，到下一次减半时，比特币的交易价格可能会超过 25 万美元。这样的飙升意味着其目前价格约 40,000 美元的大幅上涨。

US Treasury's Move Expected to Impact Crypto Market

美国财政部的举措预计将影响加密货币市场

In the short term, BitMEX founder Arthur Hayes anticipates a bullish momentum in the crypto market next week, fueled by a potential liquidity injection of $1.4 trillion by the US Treasury. Hayes believes that this liquidity infusion could trigger a rally in stocks and reignite the crypto bull market.

短期来看，BitMEX 创始人 Arthur Hayes 预计，在美国财政部潜在注入 1.4 万亿美元流动性的推动下，下周加密货币市场将出现看涨势头。海耶斯认为，这种流动性注入可能会引发股市上涨，并重新点燃加密货币牛市。

The quarterly refunding announcements by the US Treasury are closely watched by the markets, as they typically have a significant impact on financial assets. The upcoming announcement is expected to shed light on the Treasury's debt management policies and could potentially influence the direction of Bitcoin in the coming months.

美国财政部的季度退款公告受到市场密切关注，因为它们通常会对金融资产产生重大影响。即将发布的公告预计将揭示财政部的债务管理政策，并可能影响未来几个月比特币的走向。