创纪录的ETF流出震动比特币市场，Cathie Wood的ARKB超过Grayscale的GBTC

ARK 21Shares 比特币 ETF (ARKB) 于 4 月 2 日经历了创纪录的 8750 万美元流出，首次超过 Grayscale 的比特币信托 (GBTC)。这一重大事件标志着 ARKB 连续第二天出现资金流出，资产总计损失 30 万美元，而贝莱德 IBIT 基金则流入 1.505 亿美元。

Record Selloff Rocks Bitcoin ETF Market: Cathie Wood's ARKB Surpasses Grayscale's GBTC in Unprecedented Outflow

创纪录的抛售震撼了比特币 ETF 市场：Cathie Wood 的 ARKB 超过 Grayscale 的 GBTC，资金流出史无前例

In a seismic shift within the Bitcoin exchange-traded fund (ETF) landscape, Cathie Wood's ARK 21Shares Bitcoin ETF (ARKB) experienced an extraordinary outflow of $87.5 million on April 2, 2024, eclipsing Grayscale's Bitcoin Trust (GBTC) for the first time.

比特币交易所交易基金 (ETF) 格局发生了巨大变化，Cathie Wood 的 ARK 21Shares 比特币 ETF (ARKB) 于 2024 年 4 月 2 日经历了 8750 万美元的非凡流出，首次超过了 Grayscale 的比特币信托 (GBTC)。

As per data from Farside Investors, this outflow represented a watershed moment, with ARKB's redemptions exceeding GBTC's by approximately 1,300 BTC. Notably, this marked ARKB's second consecutive day of outflows, losing $300,000 in assets the previous day—its first-ever outflow.

根据 Farside Investors 的数据，这次流出代表了一个分水岭，ARKB 的赎回量比 GBTC 多了约 1,300 BTC。值得注意的是，这标志着 ARKB 连续第二天出现资金外流，前一天资产损失了 30 万美元，这是有史以来的首次资金外流。

Despite these outflows, ARKB remains a significant player among the recently launched spot ETFs, boasting $2.2 billion in assets under management and holding a substantial 44,662 bitcoins. However, Grayscale retains its dominance in total Bitcoin holdings, with approximately 328,000 BTC.

尽管存在这些资金外流，ARKB 仍然是最近推出的现货 ETF 中的重要参与者，其管理资产达 22 亿美元，持有大量 44,662 枚比特币。然而，灰度仍然在比特币持有总量中占据主导地位，拥有约 328,000 比特币。

Amidst these mounting ETF outflows, Bitcoin's price has declined about 9% from the previous week. Nevertheless, Bitcoin ETFs collectively managed net inflows of $38.8 million on April 2, primarily driven by BlackRock's IBIT and Fidelity's FBTC.

在 ETF 资金流出不断增加的情况下，比特币的价格较前一周下跌了约 9%。尽管如此，比特币 ETF 在 4 月 2 日总共管理了 3880 万美元的净流入，这主要是由贝莱德 (BlackRock) 的 IBIT 和富达 (Fidelity) 的 FBTC 推动的。

Market Response and Future Implications

市场反应和未来影响

The ETF outflow event has sent ripples through the market. Grayscale has endured a staggering $15.1 billion loss over the past three months, forming a stark contrast to the $150.5 million inflow witnessed by BlackRock's fund. The broader impact of these shifts is evident in the overall market performance, with Bitcoin's price briefly dipping below $65,000 amid the ETF outflows.

ETF资金流出事件在市场上掀起涟漪。过去三个月，灰度遭受了惊人的 151 亿美元损失，与贝莱德基金的 1.505 亿美元资金流入形成鲜明对比。这些变化的更广泛影响在整体市场表现中显而易见，比特币价格在 ETF 流出期间短暂跌破 65,000 美元。

This development has sparked a flurry of discussions regarding the stability and future of Bitcoin ETFs. Analysts are scrutinizing the market for signs of stabilization or further shifts in investor sentiment. James Seyffart, an ETF analyst from Bloomberg, commented on yesterday's outflow of GBTC, stating that the $302.60 million outflow was significantly higher than his expectations. He further expressed that the outflows, particularly for GBTC, should have slowed down by now.

这一进展引发了有关比特币 ETF 稳定性和未来的一系列讨论。分析师正在密切关注市场，寻找稳定迹象或投资者情绪进一步转变的迹象。彭博社 ETF 分析师 James Seyffart 对昨天 GBTC 的流出进行了评论，表示 3.026 亿美元的流出量明显高于他的预期。他进一步表示，资金外流，尤其是 GBTC 的资金外流，现在应该已经放缓。

The introduction of leveraged spot Bitcoin ETFs adds another layer of complexity, potentially amplifying volatility and reshaping the ETF landscape. Eric Balchunas, another Bloomberg ETF analyst, noted that the launch of the first-ever 2x and -2x leveraged spot Bitcoin ETFs will likely rank among the top 5 most volatile ETFs in the US out of the total 3,400.

杠杆现货比特币 ETF 的推出又增加了一层复杂性，可能会放大波动性并重塑 ETF 格局。另一位彭博 ETF 分析师 Eric Balchunas 指出，推出首个 2 倍和 -2 倍杠杆现货比特币 ETF 可能会在美国 3,400 只 ETF 中跻身前 5 名。

Bitcoin Chart Analysis

比特币图表分析

Bitcoin's (BTC) recent price action suggests a bearish trend, with the price crossing below multiple key exponential moving averages (EMAs): the 20, 50, 100, and 200, indicating a strong downtrend. The price appears to have encountered resistance around the $66,400 mark, as evidenced by a minor rebound. However, the presence of the EMAs above the price action could act as resistance levels for any upward movement.

比特币 (BTC) 最近的价格走势表明看跌趋势，价格跌破多个关键指数移动平均线 (EMA)：20、50、100 和 200，表明强劲的下跌趋势。价格似乎在 66,400 美元关口附近遇到阻力，小幅反弹就是证明。然而，价格走势上方 EMA 的存在可能会成为任何向上走势的阻力位。

The Relative Strength Index (RSI), a key indicator, currently stands at 51.65, suggesting that the market is neither overbought nor oversold, providing little directional bias. The recent price movement indicates a period of consolidation following a sharp decline. Traders may seek potential sell signals if the price fails to break above the closest EMA or potential buy signals if there's a reversal pattern with support from volume and the RSI moves positively out of neutral territory. Close monitoring of a clear break from this consolidation pattern is critical for determining the next move.

关键指标相对强弱指数（RSI）目前为51.65，表明市场既没有超买也没有超卖，几乎没有方向性偏差。最近的价格走势表明在急剧下跌之后将进入盘整期。如果价格未能突破最接近的均线，交易者可能会寻求潜在的卖出信号；如果在交易量的支持下出现反转模式，且 RSI 积极脱离中性区域，交易者可能会寻求潜在的买入信号。密切监控这种盘整模式的明显突破对于确定下一步走势至关重要。