灰度比特币信托减半先于预期的比特币网络事件

主要比特币投资者 Grayscale Investments 的现货比特币交易所交易基金 (ETF) 持有量在预期的比特币减半事件之前下降了 50%，灰度比特币信托 ETF (GBTC) 的持有量从交易首日的 619,220 BTC 减少1 月 11 日至 4 月 16 日为 309,871 BTC。

Grayscale Bitcoin Trust Halving Parallels Anticipated Bitcoin Network Event

灰度比特币信托减半平行预期比特币网络事件

In a remarkable coincidence, Grayscale Investments, a prominent Bitcoin (BTC) investor, has witnessed a 50% decline in its spot Bitcoin exchange-traded fund (ETF) holdings just prior to the highly anticipated Bitcoin halving event.

一个惊人的巧合是，就在备受期待的比特币减半事件之前，著名的比特币 (BTC) 投资者 Grayscale Investments 的现货比特币交易所交易基金 (ETF) 持有量下降了 50%。

The Grayscale Bitcoin Trust ETF (GBTC) has shed half of its Bitcoin holdings, dropping from 619,220 BTC on the first day of trading on January 11th to 309,871 BTC on April 16th, its 66th day of trading. This represents a whopping $19.7 billion loss in value as of the time of writing.

灰度比特币信托 ETF (GBTC) 已减持一半比特币，从 1 月 11 日交易首日的 619,220 BTC 降至 4 月 16 日（其第 66 个交易日）的 309,871 BTC。截至撰写本文时，这意味着价值损失高达 197 亿美元。

The GBTC "halving" occurred just two days before the much-awaited Bitcoin halving, an event that occurs every four years or once every 210,000 blocks. During this event, the mining reward for Bitcoin miners is reduced by 50%, from 6.25 BTC to 3.125 BTC. This is a significant event in the Bitcoin ecosystem, often associated with subsequent rallies in the crypto market.

GBTC“减半”发生在人们期待已久的比特币减半之前两天，比特币减半每四年或每 210,000 个区块发生一次。此次活动期间，比特币矿工的挖矿奖励减少了50%，从6.25 BTC减少到3.125 BTC。这是比特币生态系统中的一个重大事件，通常与加密市场随后的反弹相关。

While the two events are not directly correlated, they create an intriguing coincidence in the timeline of Bitcoin-related occurrences.

虽然这两个事件并不直接相关，但它们在比特币相关事件的时间轴上创造了一个有趣的巧合。

The GBTC sell-off, which began on the first day of trading, has had a significant impact on the Bitcoin price. The outflows have been largely attributed to GBTC's high trading fees. With a fee of 1.5% at the time of trading inception, GBTC had the highest fees among the 10 spot Bitcoin ETFs in the United States. Many Bitcoin ETFs have since lowered their fees to enhance competitiveness, with trading commissions now ranging between 0.2% and 0.4%.

从交易首日开始的 GBTC 抛售对比特币价格产生了重大影响。资金外流主要归因于 GBTC 的高额交易费用。 GBTC在交易开始时的费用为1.5%，是美国10只现货比特币ETF中费用最高的。此后，许多比特币 ETF 降低了费用以增强竞争力，目前交易佣金在 0.2% 至 0.4% 之间。

GBTC's main rival, BlackRock's iShares Bitcoin Trust (IBIT), offered a 0.25% fee at the trading start, with an additional 0.12% discount for the first $5 billion of traded assets during the waiver period. BlackRock's spot Bitcoin ETF has witnessed substantial inflows, with its holdings surging from a mere 2,621 BTC on the trading debut to 272,548 BTC on April 16th, a remarkable increase of over 10,000%. However, IBIT remains 13% behind GBTC in terms of holdings.

GBTC 的主要竞争对手贝莱德旗下的 iShares Bitcoin Trust (IBIT) 在交易开始时收取 0.25% 的费用，并在豁免期内对前 50 亿美元的交易资产额外提供 0.12% 的折扣。贝莱德旗下现货比特币ETF资金大量流入，其持有量从首次交易时的区区2,621 BTC猛增至4月16日的272,548 BTC，涨幅超过10,000%。然而，就持有量而言，IBIT 仍落后 GBTC 13%。

Despite its rapid growth, IBIT has not been able to fully absorb the 309,349 BTC outflow from GBTC. Nonetheless, along with eight other issuers, spot Bitcoin ETF providers have accumulated approximately 224,552 BTC, excluding GBTC, since the trading launch.

尽管增长迅速，IBIT 仍无法完全吸收 GBTC 流出的 309,349 BTC。尽管如此，自交易启动以来，现货比特币 ETF 提供商与其他八家发行人一起已积累了约 224,552 BTC（不包括 GBTC）。

As of April 16, 2024, the 10 spot Bitcoin ETFs collectively held around 862,162 BTC, valued at approximately $54.7 billion.

截至 2024 年 4 月 16 日，10 只现货比特币 ETF 总共持有约 862,162 枚 BTC，价值约 547 亿美元。

The coincidence of the GBTC halving and the anticipated Bitcoin halving has created a captivating narrative within the cryptocurrency community. While the two events are not directly linked, they have sparked discussions about potential market movements and the future of Bitcoin investment.

GBTC 减半和预期的比特币减半的巧合在加密货币社区中创造了一个引人入胜的故事。尽管这两起事件没有直接联系，但它们引发了有关潜在市场走势和比特币投资未来的讨论。