JP Morgan都可以将实物黄金交付。本月，他们将为美国带来40亿美元的黄金。

物理黄金交易的激增导致比特币黄金比将其加热到11月以来的最低点。

As per the latest updates, JP Morgan is gearing up to ramp up physical gold delivery. They will be bringing in 4 billion watts of gold to the US this month. Now, you must be wondering how this news is connected to cryptocurrency trading.

根据最新的更新，JP Morgan正在准备提高实物黄金的交付。他们将在本月将40亿瓦的黄金带入美国。现在，您一定想知道该新闻如何与加密货币交易有关。

Well, a massive surge in physical gold trading has led to the Bitcoin to gold ratio heating up to reach its lowest point since November. Physical gold buying has been marked safe again as its price surges 10% in 2025. But what about Bitcoin to gold?

好吧，实体黄金交易的巨大激增导致比特币与黄金比的加热达到了11月以来的最低点。物质购买再次被标记为安全，因为其价格在2025年增长了10％。但是，比特币呢？

The state of affairs in gold trading

黄金交易的状况

Gold trading is back to being a safe investment avenue. The US trade-war couldn’t really put a dent in it. But Bitcoin to gold which was supposed to gain a lot of steam in 2025 is instead facing some downside now.

黄金交易又回到了安全的投资途径。美国贸易战队真的无法陷入困境。但是，应该在2025年获得大量蒸汽的黄金币现在面临一些不利之处。

What is the Bitcoin to gold ratio now?

现在的黄金比是多少？

The Bitcoin to gold ratio has dropped by 34 points recently. It is the ratio between the price of Bitcoin in terms of USD and the price of gold in the US per ounce (in terms of USD).

比特币与黄金比率最近下降了34分。这是比特币的价格与每盎司美国的黄金价格之间的比率（以美元为单位）。

The road ahead

前面的道路

The immediate future seems bright for the yellow metal. But does that have any connection with gold ETF as well? Certainly. Bitcoin ETF trading is also seeing an uptick in non-directional bets on it.

黄金金属的近距离似乎明亮。但这也与黄金ETF有任何联系吗？当然。比特币ETF交易也看到了非方向投注的上涨。

However, this ongoing trend of ETF buying is not permanent. Any simultaneous future selling or any significant price fluctuation can offset it easily.

但是，这种持续的ETF购买趋势并不是永久性的。任何同时的未来销售或任何重大价格波动都可以轻松抵消它。

Recently, there has been a $4 billion inflow in the spot-listed US-based ETFs. It is mainly an inflation-driven action. At the same time, inflation-based impulse buying could also fizzle out if the prices stabilize.

最近，在美国的ETF中，流入了40亿美元的流入。这主要是通货膨胀驱动的动作。同时，如果价格稳定，基于通货膨胀的冲动购买也可能消失。

A word for the traders

商人的一句话

Do invest in Gold ETF, as the market is going bullish. Inflation is also becoming stable, but it won’t reduce anytime soon.

随着市场的看涨，请投资黄金ETF。通货膨胀也变得稳定，但不会很快减少。

So, the gold prices will likely increase further. Especially with key players like JP Morgan complimenting traders with gold inflow, it is likely that the Bitcoin to gold ratio would fall further.

因此，黄金价格可能会进一步上涨。特别是在JP Morgan这样的主要参与者中以黄金流入的方式称赞交易者，比特币与黄金比率可能会进一步下降。