灰度比特币信托显示，在市场下跌的情况下，净流出减少

3 月 18 日，灰度比特币信托基金 (GBTC) 的净流出达到 6.425 亿美元，这是自成立以来的最高水平。这一飙升归因于法院裁决允许 Genesis Global Holdco LLC 清算价值 13 亿美元的 GBTC 股票。然而，交易周结束时 GBTC 流出量的下降趋势表明买家对 BTC 的需求积极。

Grayscale Bitcoin Trust Experiences Reduced Net Outflows

灰度比特币信托基金净流出减少

Amidst a broader decline in net inflows for Bitcoin-spot exchange-traded funds (ETFs), Grayscale Bitcoin Trust (GBTC) saw a moderation in net outflows during the week ending March 22.

在比特币现货交易所交易基金 (ETF) 净流入大幅下降的情况下，灰度比特币信托 (GBTC) 在截至 3 月 22 日的一周内净流出有所放缓。

Positive Signal for GBTC

GBTC 的积极信号

Significantly, GBTC's net outflows reached their lowest level for the week, providing a positive signal for the fund. On Monday, March 18, GBTC experienced a surge in net outflows, reaching $642.5 million, the highest since the launch of the Nine, a group of nine publicly traded Bitcoin investment trusts.

值得注意的是，GBTC 的净流出达到本周最低水平，为该基金提供了积极信号。 3 月 18 日星期一，GBTC 经历了净流出激增，达到 6.425 亿美元，这是自九号（九号公开交易的比特币投资信托基金）成立以来的最高水平。

The initial spike in GBTC outflows was attributed to the court ruling in the Genesis bankruptcy case. In February, the courts authorized Genesis Global Holdco LLC to liquidate GBTC shares worth approximately $1.3 billion.

GBTC 流出量最初激增归因于法院对 Genesis 破产案的裁决。 2 月，法院授权 Genesis Global Holdco LLC 清算价值约 13 亿美元的 GBTC 股票。

Market Trends and Investor Sentiment

市场趋势和投资者情绪

Despite the improvement in GBTC outflows, the overall trend in BTC-spot ETF market net inflows remained negative, reflecting a test of buyer demand for Bitcoin.

尽管GBTC流出有所改善，但BTC现货ETF市场净流入总体趋势仍为负值，反映出买家对比特币需求的考验。

According to BitMEX Research and Farside Investors, the BTC-spot ETF market experienced total net outflows of $887.7 million in the week ending March 22.

根据 BitMEX Research 和 Farside Investors 的数据，截至 3 月 22 日当周，BTC 现货 ETF 市场净流出总额为 8.877 亿美元。

iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) witnessed a sharp decline in their respective net inflows compared to the previous week.

iShares Bitcoin Trust（IBIT）和Fidelity Wise Origin Bitcoin Fund（FBTC）的净流入量较前一周大幅下降。

IBIT recorded net inflows of $828.3 million in the week ending March 22, a significant decrease from $2,483.6 million in the week ending March 15. FBTC's net inflows also fell to $79.4 million from $717.9 million during the same period.

截至 3 月 22 日当周，IBIT 录得净流入 8.283 亿美元，较截至 3 月 15 日当周的 24.836 亿美元大幅下降。同期 FBTC 净流入也从 7.179 亿美元降至 7,940 万美元。

MicroStrategy's Confidence

MicroStrategy 的信心

Notwithstanding the recent outflows, MicroStrategy (MSTR) founder and Chairman Michael Saylor remains optimistic. Saylor has consistently expressed confidence in Bitcoin's long-term value and continues to acquire the asset for his company.

尽管最近出现资金外流，MicroStrategy (MSTR) 创始人兼董事长 Michael Saylor 仍然保持乐观态度。塞勒一直表示对比特币的长期价值充满信心，并继续为他的公司收购该资产。