加密货币基金踩刹车：10 亿美元出走标志着市场调整

Are Crypto Funds Hitting the Brakes?

加密基金正在踩刹车吗？

Last week, crypto funds around the world saw a massive exodus of cash, with nearly $1 billion flowing out, according to CoinShares. That's a stark reversal from the previous seven weeks, when these funds had raked in a whopping $12.3 billion.

据 CoinShares 称，上周，全球加密货币基金出现大量现金外流，流出近 10 亿美元。这与前七周形成鲜明对比，当时这些基金赚得高达 123 亿美元。

Outflows on the Rise

资金外流不断增加

The scale of these outflows is pretty significant, coming in at around $942 million. That's almost double the previous record of $500 million set back in January.

这些资金流出规模相当可观，约为 9.42 亿美元。这几乎是 1 月份创下的 5 亿美元纪录的两倍。

Who's Feeling the Pinch?

谁感受到了压力？

The big names in asset management, like BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares, all took a hit from this wave of withdrawals.

贝莱德、Bitwise、Fidelity、Grayscale、ProShares 和 21Shares 等资产管理领域的大牌都受到了这波撤资潮的打击。

Timing is Everything

时机就是一切

These outflows coincided with a major dip in crypto prices, which wiped out $10 billion from the assets under management (AUM) of these funds. Still, their combined AUM is sitting at a hefty $88 billion, which is higher than the highs from the last cycle.

这些资金流出恰逢加密货币价格大幅下跌，这些基金的管理资产 (AUM) 蒸发了 100 亿美元。尽管如此，它们的总资产管理规模仍高达 880 亿美元，高于上一个周期的高点。

Trading Volume and Valuations Tumble

交易量和估值暴跌

The outflows have had a noticeable impact on trading volumes and asset valuations in the crypto investment product sector. Trading volume last week plunged by a third to $28 billion, and the price correction sent the AUM of these funds tumbling.

资金外流对加密投资产品领域的交易量和资产估值产生了显着影响。上周交易量暴跌三分之一至 280 亿美元，价格调整导致这些基金的资产管理规模暴跌。

US Market: Mixed Signals

美国市场：喜忧参半

The US market, especially the new spot Bitcoin ETFs, saw inflows of over $1 billion, but that wasn't enough to make up for the nearly $2 billion outflows from Grayscale's GBTC fund conversion.

美国市场，尤其是新推出的比特币 ETF 现货流入超过 10 亿美元，但这不足以弥补 Grayscale 的 GBTC 基金转换带来的近 20 亿美元的流出。

Global Sentiment: It's Complicated

全球情绪：很复杂

The sentiment last week wasn't just about US funds or Bitcoin. Investment products in Sweden, Hong Kong, Switzerland, and Germany also saw outflows, while Brazil and Canada-based funds recorded inflows.

上周的情绪不仅仅与美国基金或比特币有关。瑞典、香港、瑞士和德国的投资产品也出现资金流出，而巴西和加拿大的基金则录得资金流入。

Altcoins: Mixed Bag

山寨币：鱼龙混杂

Ethereum, Solana, and Cardano-based products faced outflows, reflecting the broader market downturn. However, other altcoin funds like Polkadot, Avalanche, and Litecoin saw net inflows, showing some selective interest in the altcoin sector.

以太坊、Solana 和基于 Cardano 的产品面临资金外流，反映出更广泛的市场低迷。然而，Polkadot、Avalanche 和 Litecoin 等其他山寨币基金出现了净流入，显示出对山寨币领域的一些选择性兴趣。

Time for a Reset?

是时候重置了？

This market recalibration has sparked a discussion among industry leaders about the role and accessibility of Bitcoin ETFs in the broader crypto ecosystem.

这种市场重新调整引发了行业领导者关于比特币 ETF 在更广泛的加密生态系统中的作用和可及性的讨论。

UK Market: ETF Hopes

英国市场：ETF 希望

Kraken UK's Bivu Das and Coinbase UK's Daniel Seifert have both called for the UK market to get access to Bitcoin ETFs, arguing that these products are crucial for building a comprehensive crypto ecosystem.

Kraken UK 的 Bivu Das 和 Coinbase UK 的 Daniel Seifert 都呼吁英国市场进入比特币 ETF，认为这些产品对于构建全面的加密生态系统至关重要。

ETFs: Paving the Way?

ETF：铺平道路？

By offering indirect exposure to Bitcoin's price movements, ETFs provide a regulated and potentially more accessible avenue for investors. This could contribute to the diversification and maturity of the investment landscape in the digital currency market.

通过提供对比特币价格变动的间接敞口，ETF 为投资者提供了一个受监管且可能更容易获得的途径。这可能有助于数字货币市场投资格局的多元化和成熟。