美国现货比特币 ETF 10 月囤积 45,000 枚 BTC，接近 100 万枚 BTC 门槛

现货比特币交易所交易基金 (ETF) 正在经历自 2024 年 1 月推出以来最强劲的月份之一，10 月份迄今为止的资金流入超过 30 亿美元。

Spot Bitcoin exchange-traded funds (ETFs) had one of their strongest months yet, with inflows crossing the $3 billion mark.

现货比特币交易所交易基金 (ETF) 经历了迄今为止最强劲的月份之一，资金流入突破 30 亿美元大关。

This demand saw ETF issuers buying up Bitcoin at a rate far outpacing the newly mined supply.

这种需求导致 ETF 发行人以远远超过新开采供应的速度购买比特币。

US Spot Bitcoin ETFs Accumulated 45,000 BTC in October

10 月份美国现货比特币 ETF 累积 45,000 BTC

In the trading week of October 21-25, the 11 spot Bitcoin ETFs together purchased 15,194 BTC, which is almost five times the 3,150 BTC mined in that period, according to data from HODL15Capital. The inflows during this week alone amounted to about $1.83 billion, highlighting the strong demand that fueled ETF issuers' record levels of BTC acquisition.

HODL15Capital 的数据显示，在 10 月 21 日至 25 日的交易周中，11 只现货比特币 ETF 总共购买了 15,194 BTC，几乎是该时期开采的 3,150 BTC 的五倍。仅本周的资金流入就达到约 18.3 亿美元，凸显了推动 ETF 发行人购买比特币创纪录水平的强劲需求。

“If you sold any Bitcoin today, this week, or this year, it’s been bought by the ETFs. Demand for U.S. Bitcoin ETFs outpaces new supply by a land mile, yet weak hands willingly sell their BTC day after day, week after week,” HODL15Capital noted.

“如果你今天、本周或今年出售任何比特币，它就会被 ETF 购买。对美国比特币 ETF 的需求超过新增供应一英里，但弱势群体却愿意日复一日、周复一周地出售比特币。”HODL15Capital 指出。

Since the beginning of October, these issuers have collectively purchased 45,557 BTC, marking the fourth-highest month for BTC acquisitions since spot ETFs were approved on January 10, 2024.

自 10 月初以来，这些发行人总共购买了 45,557 枚 BTC，这是自 2024 年 1 月 10 日现货 ETF 获批以来 BTC 购买量第四高的月份。

Meanwhile, the aggressive buying spree brought ETF issuers' combined BTC holdings closer to the one million BTC milestone. As of October 25, the Bitcoin ETF issuers together held 977,122 BTC — only 22,878 BTC away from the million-BTC threshold. BlackRock has the largest BTC stash, holding about 403,714 BTC, which is nearly 2% of Bitcoin’s total supply.

与此同时，激进的购买热潮使 ETF 发行人的 BTC 持有总量更接近 100 万个 BTC 的里程碑。截至 10 月 25 日，比特币 ETF 发行人总共持有 977,122 BTC，距离百万比特币门槛仅差 22,878 BTC。贝莱德拥有最大的 BTC 储备，持有约 403,714 BTC，占比特币总供应量的近 2%。

Interestingly, at the current rate of accumulation, the combined holdings of the ETFs could soon outstrip that of Satoshi Nakamoto, the pseudonymous creator of the apex asset.

有趣的是，按照目前的积累速度，ETF 的持有总量可能很快就会超过顶级资产的化名创造者中本聪的持有量。

“Not yet 10 months old and the ETFs are 97% of the way to holding 1 million BTC, and 87% of the way to passing Satoshi as biggest,” Bloomberg ETF analyist Eric Balchunas noted.

彭博 ETF 分析师埃里克·巴尔丘纳斯 (Eric Balchunas) 指出：“成立还不到 10 个月，这些 ETF 已完成 97% 的目标，以持有 100 万比特币，并以 87% 的速度超越中本聪，成为最大的比特币持有者。”

Market observers have highlighted that as the ETF issuers now hold a significant portion of BTC's supply, their clout over the market liquidity and price stability is bound to amplify.

市场观察人士强调，由于 ETF 发行人目前持有 BTC 供应的很大一部分，他们对市场流动性和价格稳定的影响力必然会增强。

In fact, as the ETFs continue to accumulate the apex asset, there could be a heightened risk of volatility during periods of high inflows or outflows, especially given BTC’s relatively fixed supply. Analysts caution that such concentration could amplify the price sensitivity to market dynamics.

事实上，随着 ETF 继续积累顶级资产，在资金大量流入或流出期间，波动风险可能会加大，特别是考虑到 BTC 的供应量相对固定。分析师警告称，这种集中度可能会增强价格对市场动态的敏感性。