在市场波动的情况下，加密货币投资产品的资金流出创历史新高

加密投资产品上周经历了前所未有的 9.42 亿美元流出，扭转了连续七周 123 亿美元的流入趋势。贝莱德（BlackRock）和灰度（Grayscale）等资产管理公司的资金流出创历史新高，超过了 1 月份创下的纪录。资金流出的同时，交易量下降了 33%，管理资产也减少了 100 亿美元。尽管资金流入美国新推出的比特币 ETF 现货，但 Grayscale 的 GBTC 基金的资金流出却令它们黯然失色。美国现货比特币ETF的主导地位推动了大部分资金流出，而做空比特币产品和全球加密投资产品也出现了资金流出。

Crypto Investment Products Witness Record Outflows

加密投资产品见证了创纪录的资金外流

By Staff Reporter

本报记者

New York, NY - The cryptocurrency investment landscape underwent a seismic shift last week, with digital asset investment products experiencing unprecedented outflows totaling $942 million globally, according to data from CoinShares. This abrupt reversal marks a stark departure from the seven-week inflow streak that had amassed $12.3 billion.

纽约州纽约 - 根据 CoinShares 的数据，上周加密货币投资格局发生了翻天覆地的变化，数字资产投资产品在全球范围内经历了前所未有的资金外流，总额达 9.42 亿美元。这一突然逆转标志着与连续七周流入 123 亿美元的趋势形成鲜明对比。

Leading asset managers across the industry, including BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares, collectively witnessed record outflows that surpassed the previous high set in late January by nearly double. The magnitude of these outflows is a testament to the recent market volatility.

包括贝莱德、Bitwise、Fidelity、Grayscale、ProShares 和 21Shares 在内的整个行业领先的资产管理公司共同见证了创纪录的资金流出，比 1 月底创下的高点高出近一倍。这些资金外流的规模证明了近期市场的波动。

Coinciding with the outflows, trading volume for crypto investment products plunged by 33% to $28 billion for the week. The price correction in underlying cryptocurrencies further compounded the challenges, resulting in a $10 billion reduction in assets under management (AUM) for these funds. Despite the setback, the combined AUM remains elevated at $88 billion, exceeding the highs of previous market cycles.

与资金流出同时，加密货币投资产品的交易量本周暴跌 33% 至 280 亿美元。基础加密货币的价格调整进一步加剧了挑战，导致这些基金的管理资产 (AUM) 减少了 100 亿美元。尽管遭遇挫折，总资产管理规模仍高达 880 亿美元，超过了之前市场周期的高点。

The United States saw over $1 billion in inflows into new spot Bitcoin exchange-traded funds (ETFs), but this was insufficient to offset the nearly $2 billion in outflows from Grayscale's converted GBTC fund. The recent price correction has instilled a degree of investor hesitancy, translating into lower inflows into new ETF issuers in the U.S.

美国有超过 10 亿美元流入新的现货比特币交易所交易基金 (ETF)，但这不足以抵消 Grayscale 转换后的 GBTC 基金近 20 亿美元的资金流出。最近的价格调整让投资者产生了一定程度的犹豫，导致美国新 ETF 发行人的资金流入减少。

The dominance of U.S. spot Bitcoin ETFs in the market contributed significantly to the net outflows last week, accounting for $904 million. Short-bitcoin investment products also experienced modest outflows of $3.7 million.

美国现货比特币 ETF 在市场上的主导地位对上周的净流出做出了重大贡献，达到 9.04 亿美元。做空比特币投资产品也出现了 370 万美元的小幅流出。

The negative sentiment extended beyond U.S.-based funds and Bitcoin, affecting crypto investment products globally. Funds in Sweden, Hong Kong, Switzerland, and Germany recorded outflows, while Brazil and Canada-based funds witnessed inflows. Ethereum, Solana, and Cardano-based products also faced outflows, while other altcoin-related funds performed better, registering net inflows.

这种负面情绪超出了美国基金和比特币的范围，影响了全球的加密货币投资产品。瑞典、香港、瑞士和德国的基金出现流出，而巴西和加拿大的基金出现流入。基于以太坊、Solana 和 Cardano 的产品也面临资金流出，而其他山寨币相关基金表现较好，录得净流入。

As of this writing, Bitcoin is trading at $66,827, marking a 2% decline over the past week. The broader crypto market has also experienced a downturn, with the GM30 index plummeting by 10% before partially recovering.

截至撰写本文时，比特币交易价格为 66,827 美元，较过去一周下跌 2%。更广泛的加密货币市场也经历了低迷，GM30指数暴跌10%，然后部分恢复。

The recent outflows serve as a reminder of the inherent volatility associated with cryptocurrencies and the importance of due diligence for investors considering exposure to these assets. As the market continues to evolve, it remains to be seen whether the current trend will persist or if the inflows that characterized the past seven weeks will resume.

最近的资金外流提醒人们，加密货币具有固有的波动性，以及考虑投资这些资产的投资者进行尽职调查的重要性。随着市场不断发展，目前的趋势是否会持续，或者过去七周的资金流入是否会恢复，还有待观察。