数字资产流入激增，但现货比特币 ETF 失去动力

上周，加密投资产品的数字资产流入转正，净流入 8.62 亿美元。在 ETF 需求的推动下，比特币 (BTC) 引领资金流入，而灰度继续出现大规模资金流出。来自 ETF 的抛售压力在 BTC 价格上显而易见，过去 24 小时内下跌了 4,000 美元。加密货币市场情绪已转为看跌，大量看跌期权表明交易者前景悲观。

Surge in Digital Asset Inflows, but Spot Bitcoin ETFs Lose Appeal

数字资产流入激增，但现货比特币 ETF 失去吸引力

The cryptocurrency investment landscape has witnessed a significant shift in the past week, with digital asset inflows turning positive, reaching $862 million. This marked a notable reversal compared to the net outflows of $931 million recorded the previous week.

过去一周，加密货币投资格局发生了重大转变，数字资产流入转正，达到 8.62 亿美元。与上周录得的 9.31 亿美元净流出相比，这标志着显着逆转。

However, the popularity of spot Bitcoin exchange-traded funds (ETFs) has been on the decline. Daily trading volume of ETFs has plummeted to $5.4 billion, a sharp contrast to the peak of $9.5 billion observed in early March.

然而，现货比特币交易所交易基金（ETF）的受欢迎程度一直在下降。 ETF 的日交易量已骤降至 54 亿美元，与 3 月初的 95 亿美元峰值形成鲜明对比。

Bitcoin Leads Inflows, Grayscale Outflows Continue

比特币引领资金流入，灰度资金继续流出

Bitcoin (BTC) emerged as the top performer in digital asset flows, attracting $863 million in inflows. This surge was primarily driven by ETF demand, with spot BTC ETFs recording $1.8 billion in inflows, offsetting the $965 million in outflows experienced by Grayscale.

比特币 (BTC) 成为数字资产流中表现最好的，吸引了 8.63 亿美元的资金流入。这一激增主要是由 ETF 需求推动的，现货 BTC ETF 录得 18 亿美元的流入，抵消了 Grayscale 经历的 9.65 亿美元的流出。

Grayscale, a prominent digital asset manager, has faced persistent outflows for nearly two months since the inception of trading for 11 spot Bitcoin ETFs in the United States on January 11th.

著名数字资产管理公司Grayscale自1月11日在美国开始交易11只现货比特币ETF以来，近两个月来持续面临资金流出。

The relentless outflows from the Grayscale Bitcoin Trust (GBTC) have exerted significant downward pressure on the BTC price over the past three weeks.

过去三周，灰度比特币信托基金（GBTC）的持续资金外流对比特币价格造成了巨大的下行压力。

ETF Outflows Weigh on BTC Price

ETF 资金流出打压 BTC 价格

Market analysts had anticipated that GBTC outflows would gradually decelerate and cease, fueling unprecedented demand for ETFs. However, investor behavior suggests that GBTC outflows are far from abating, as GBTC has dominated ETF flows in recent weeks.

市场分析师此前预计，GBTC 资金外流将逐渐减速并停止，从而刺激对 ETF 的前所未有的需求。然而，投资者行为表明 GBTC 资金外流远未减弱，因为最近几周 GBTC 主导了 ETF 资金流。

The selling pressure emanating from ETFs has been evident in the BTC price, with the world's leading cryptocurrency losing $4,000 in value over the past 24 hours, hovering just above $66,000. Many experts view this as a routine correction ahead of the Bitcoin halving event scheduled for April 20th.

ETF 带来的抛售压力在 BTC 价格中表现得很明显，全球领先的加密货币在过去 24 小时内价值下跌 4,000 美元，徘徊在 66,000 美元上方。许多专家认为这是在 4 月 20 日比特币减半事件之前的例行调整。

Bearish Sentiment Prevails

看跌情绪盛行

The BTC price correction triggered nearly $500 million in liquidations, while the options market witnessed a surge in put contracts, indicating a bearish sentiment among traders.

BTC价格调整引发近5亿美元的清算，而期权市场看跌合约激增，表明交易者的看跌情绪。

Ethereum Outflows Continue

以太坊资金继续外流

Ethereum (ETH), the second-largest cryptocurrency, experienced its fourth consecutive week of outflows, amounting to $19 million during the past week. The altcoin market, however, recorded a net inflow of $18.3 million, with Solana (SOL) leading the charge with $6.1 million in inflows.

第二大加密货币以太坊（ETH）连续第四周出现资金外流，过去一周资金流出额达 1900 万美元。然而，山寨币市场录得 1830 万美元的净流入，其中 Solana (SOL) 以 610 万美元的流入领先。

Regional Outflows

区域资金流出

Regionally, the United States recorded the most significant outflow of $897 million, while Europe and Canada collectively saw $49 million in outflows.

从地区来看，美国的资金外流最为显着，达 8.97 亿美元，而欧洲和加拿大的资金外流总计为 4,900 万美元。