黄金交换贸易资金（ETF）已超过管理资产的比特币ETF（AUM）

当投资者涌向传统的避风港资产时，黄金交易所交易基金（ETF）已超过了管理资产（AUM）的比特币ETF。

The tables have turned in the world of exchange-traded funds (ETFs) as gold ETFs have now overtaken Bitcoin ETFs in terms of assets under management (AUM), according to the latest report by Farside Investors.

根据Farside Investors的最新报告，这些桌子已经转变为交易所交易资金（ETF）的世界，因为黄金ETF现在已经超过了管理资产（AUM）的比特币ETF。

As investors navigate the shifting tides of the market, their interest has shifted back to the traditional safe-haven asset, gold, leading to a reversal of fortune for the digital currency.

当投资者在市场的变化潮流中导航时，他们的兴趣转移到了传统的避风港资产（黄金）中，导致数字货币的财富逆转。

Earlier this year, Bitcoin ETFs saw an initial surge in inflows following their launch in the U.S. in January 2024, while gold ETFs experienced outflows as the market focused on the new asset class. However, the tables have turned significantly.

今年早些时候，比特币ETF在2024年1月在美国推出后的流入率最初激增，而Gold ETFS则经历了流出，因为市场着重于新的资产类别。但是，桌子已经显着转动。

According to the report by the World Gold Council, gold ETFs saw their highest inflows since March 2022, driven by the strong demand for the precious metal.

根据世界黄金委员会的报告，由于对贵金属的强烈需求，黄金ETF的流入量最高。

At the same time, Bitcoin ETFs have faced major outflows, with the report highlighting a total outflow of $3.8 billion from the ETFs since February 24.

同时，比特币ETF面临重大流出，该报告突出了自2月24日以来ETF的总流出总额为38亿美元。

The outflows from Bitcoin ETFs can be attributed, in part, to the recent downturn in the cryptocurrency market, which has seen Bitcoin's price drop by over 19% over the past three months.

比特币ETF的流出部分可以归因于最近三个月中比特币的价格下跌了19％以上，该市场最近在加密货币市场的下跌。

The shift in investor preference is also evident in the overall AUM figures. While Bitcoin ETFs initially surpassed gold ETFs in AUM following a post-election crypto rally, this trend has reversed, as pointed out by Bloomberg Senior ETF Analyst Eric Balchunas.

投资者偏好的转变在整体AUM数字中也很明显。在选举后的加密集会后，比特币ETF最初超过了AUM中的金ETF，但正如彭博社高级ETF分析师Eric Balchunas指出的那样，这种趋势却反转了。

In December 2024, Bitcoin ETFs took the lead in AUM for the first time ever, but gold ETFs have since "reclaimed the asset crown."

2024年12月，比特币ETF首次在AUM领先，但是Gold ETF自“收回资产冠冕”以来。

As for gold, the precious metal continues its momentum, breaking the $3,000 per ounce mark for the first time ever. Futures for April delivery also went above the level on Thursday.

至于黄金，贵金属继续其动力，首次打破了每盎司3,000美元的标记。四月交货的期货也超过了周四的水平。

The surge in gold prices is being driven by several factors, including growing geopolitical uncertainty and market volatility, which are reinforcing gold's reputation as a reliable hedge in turbulent times.

黄金价格的上涨是由多个因素驱动的，包括日益严重的不确定性和市场波动，这在动荡时期增强了黄金作为可靠的树篱的声誉。

With Bitcoin struggling and investors shifting toward stability, the latest data underscores gold's enduring appeal as a safe-haven asset.

随着比特币挣扎和投资者向稳定转移的投资者，最新数据强调了黄金作为安全资产的持久吸引力。