道富银行和 Galaxy Asset Management 推出三只新的以加密货币为重点的 ETF

此举发生之际，投资者一直在撤出现货比特币基金，反映出市场的恐惧感。

State Street Global Advisors and Galaxy Asset Management have introduced three new cryptocurrency-focused exchange-traded funds (ETFs) on Tuesday, amidst record outflows from spot Bitcoin funds.

道富环球顾问公司和银河资产管理公司周二推出了三只新的以加密货币为重点的交易所交易基金（ETF），应对现货比特币基金创纪录的资金流出。

The new ETFs, tracking a diversified index of digital asset companies and relevant ETFs, began trading on the New York Stock Exchange Arca. They are designed to appeal to investors seeking a broader exposure to the crypto market, as opposed to the short-term, volatile movements of a single digital currency.

新的 ETF 跟踪数字资产公司和相关 ETF 的多元化指数，开始在纽约证券交易所 Arca 进行交易。它们旨在吸引寻求更广泛的加密市场投资的投资者，而不是单一数字货币的短期波动。

The SPDR Galaxy Digital Asset Ecosystem ETF (DECO) will invest in shares of U.S.-listed companies with at least 50% of their revenue or assets linked to the digital asset industry. This includes crypto exchanges, miners, and technology firms.

SPDR Galaxy数字资产生态系统ETF（DECO）将投资于至少50%收入或资产与数字资产行业相关的美国上市公司的股票。这包括加密货币交易所、矿工和技术公司。

Meanwhile, the SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO) will employ a similar strategy, except that it will also hedge its exposure to the S&P 500 index. Lastly, the SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) will combine exposure to the digital asset ecosystem with other emerging technology sectors.

与此同时，SPDR Galaxy 对冲数字资产生态系统 ETF (HECO) 将采用类似的策略，只不过它还将对冲其对标普 500 指数的风险敞口。最后，SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) 将把数字资产生态系统与其他新兴技术领域的投资结合起来。

These new funds come as investors have been pulling out of spot Bitcoin funds, reflecting a sense of fear in the market. According to Bloomberg data, 12 U.S.-listed spot Bitcoin ETFs have seen their longest streak of outflows, with a total of $706 million being withdrawn.

这些新基金的出现正值投资者纷纷撤出现货比特币基金之际，反映出市场的恐惧感。据彭博社数据，12只美国上市的现货比特币ETF出现了最长的连续流出，总共撤资7.06亿美元。

This trend underscores a wavering risk sentiment among investors, especially in light of mixed economic data leading up to this month’s Federal Reserve meeting.

这一趋势凸显了投资者风险情绪的波动，特别是考虑到本月美联储会议之前的经济数据好坏参半。

“Unlike traditional spot Bitcoin ETFs that directly hold cryptocurrencies, these new funds aim to provide a diversified approach,” said Anna Paglia, chief business officer for State Street Global Advisors.

道富环球投资顾问公司首席商务官 Anna Paglia 表示：“与直接持有加密货币的传统现货比特币 ETF 不同，这些新基金旨在提供多元化的投资方式。”

“They will invest in shares of crypto-linked companies and combine these with other ETFs that hold physical Bitcoin or futures contracts. Some investors are not comfortable with the short-term, volatile price swings of single-currency crypto. We believe the next evolution of this market is the introduction of actively managed digital asset portfolios.”

“他们将投资与加密货币相关的公司的股票，并将这些股票与持有实物比特币或期货合约的其他 ETF 结合起来。一些投资者对单一货币加密货币的短期、波动性价格波动感到不安。我们相信这个市场的下一步发展是引入主动管理的数字资产投资组合。”

Bitcoin Market Sees Record Outflows

比特币市场出现创纪录的资金外流

Data from Sept. 6 showed that net outflows from 12 spot Bitcoin ETFs reached $170 million, with Fidelity and Grayscale leading the charge.

9月6日的数据显示，12只现货比特币ETF的净流出达到1.7亿美元，其中富达和灰度领先。

For example, Fidelity’s FBTC saw nearly $86 million in outflows, marking its seventh consecutive session of negative flows.

例如，富达 (Fidelity) 的 FBTC 出现近 8600 万美元的资金流出，这是连续第七个交易日出现负资金流。

Grayscale’s Bitcoin Trust (GBTC) also experienced heavy losses, with $53 million in outflows recently. Since its inception, GBTC has lost over $20 billion, and in just eight days, the fund has seen a $280 million exit.

灰度旗下的比特币信托（GBTC）也遭受重创，近期资金流出 5300 万美元。自成立以来，GBTC 已损失超过 200 亿美元，而在短短八天内，该基金就退出了 2.8 亿美元。

Other funds, such as Bitwise’s BITB and ARK 21Shares’ ARKB, also saw outflows, illustrating a broader pattern of declining investor confidence in Bitcoin ETFs as crypto prices lack significant catalysts to recover from the current downturn.

Bitwise 的 BITB 和 ARK 21Shares 的 ARKB 等其他基金也出现资金外流，这表明投资者对比特币 ETF 信心下降的更广泛模式，因为加密货币价格缺乏从当前低迷中复苏的重要催化剂。

Over the past month, the Bitcoin price has experienced significant volatility, with notable ups and downs, as the largest cryptocurrency on the market hit a one-month low of $52,600 on Friday. Since then, however, BTC has regained the $56,740 level, but it has still been down 8% over the past two weeks and nearly 6% over the past month.

过去一个月，比特币价格经历了大幅波动，涨跌明显，市场上最大的加密货币上周五触及一个月低点 52,600 美元。然而此后，BTC 重新回到了 56,740 美元的水平，但在过去两周内仍下跌了 8%，在过去一个月内下跌了近 6%。

As of now, it remains to be seen if easier macroeconomic conditions can be a catalyst not only for the BTC price but also for the broader crypto market, with the Federal Reserve’s rate cut as the key to the next moves.

截至目前，更宽松的宏观经济状况是否不仅能成为比特币价格的催化剂，还能成为更广泛的加密货币市场的催化剂，而美联储降息是下一步行动的关键。

Featured image from DALL-E, chart from TradingView.com

精选图片来自 DALL-E，图表来自 TradingView.com