Bitcoin Tumbles 3%, Ethereum Plunges Below $3,200: What Is Going On With ETFs?
Bitcoin Tumbles 3%, Ethereum Plunges Below $3,200: What Is Going On With ETFs?
Cryptocurrency market tumbled on Thursday morning as Bitcoin (CRYPTO: BTC) fell over 3% in early Asian trading, triggering a wave of liquidations worth over $250 million.
周四上午，数字货币市场暴跌，比特币（CRYPTO: BTC）亚洲早盘下跌3%以上，引发逾2.5亿美元的清算浪潮。
What Happened: Ethereum (CRYPTO: ETH) also took a heavy hit, falling by 7.5%, exacerbated by outflows from recently launched Ethereum exchange-traded funds (ETFs).
发生了什么：以太坊（CRYPTO: ETH）也遭受了重创，下跌7.5%，ETFs参与的资金外流加剧了下跌。
The sudden drop in Bitcoin, which saw the world's largest cryptocurrency plummet from around $65,500 to nearly $64,000 within minutes, was largely attributed to a broader market downturn, with U.S. technology stocks taking a significant beating.
比特币突然暴跌，世界最大的加密货币在短短几分钟内从大约65500美元暴跌近64000美元，这在很大程度上归因于更广泛市场的下行趋势，美国科技股遭受了重挫。纽交所100指数遭遇自2022年以来最大的跌幅，凸显了投资者对风险资产的忧虑。
Bitcoin is currently trading around $64,200, down 3.2% in the past 24 hours, while Ethereum has fallen 8.5% to $3,171.
比特币目前正在约64200美元左右交易，过去24小时下跌3.2%，而以太坊下跌8.5%至3171美元。
The Nasdaq 100 index suffered its largest decline since 2022, underscoring the growing investor anxiety about risk assets.
风险资产的投资者焦虑不断加剧，纳斯达克100指数遭受自2022年以来最大的跌幅。
The cryptocurrency derivatives market was caught off guard by the volatility.
加密货币衍生品市场因波动性而措手不及。
Binance, the world's largest crypto exchange, bore the brunt of the liquidations, with over $118 million in long positions wiped out.
全球最大的加密货币交易所币安承担了大部分清算压力，多头头寸损失逾1.18亿美元。
Other major platforms like OKX and Huobi also reported substantial losses for long traders.
其他像OKX和火币积分这样的主要交易平台也报告了多头交易的重大损失。
Also Read: Vice President Harris Snubs Bitcoin Conference: 'Would Have Been A Disaster For Her,' Shrugs Organizer
还阅读：哈里斯副总统怠慢了比特币会议：“对她来说将是一场灾难”，组织者耸耸肩。
What ETFs Did: Ethereum, which has been under pressure since the launch of its ETFs, saw a net outflow of $133 million from spot ETFs yesterday, according to industry data, according to data from SoSo Value.
ETFs表现如何：以太坊自ETFs推出以来一直面临压力，数据显示，根据SoSo Value的数据，昨天现货ETFs从以太坊中净流出了1.33亿美元。
While Grayscale's flagship Ethereum Trust ETF (NYSE:ETHE) suffered a massive $327 million outflow, its Mini ETF and Fidelity's ETF (CBOE: FETH) managed to attract inflows of $45.9 million and $74.4 million respectively.
虽然Grayscale的旗舰以太坊信托ETF（NYSE:ETHE）流出了3.27亿美元，但其迷你ETF和Fidelity的ETF（CBOE：FETH）分别吸引了4590万美元和7440万美元的流入资金。
Despite these inflows, the overall sentiment around Ethereum ETFs remains cautious.
尽管有这些资金流入，但人们对以太坊ETF的整体情绪仍持谨慎态度。
Despite the overall bearish sentiment, not all news was negative.
尽管整体情绪看跌，但并非所有消息都是负面的。
Bitcoin spot ETFs recorded a net inflow of $44.5 million on July 24, with BlackRock's (NASDAQ:IBIT) ETF seeing an impressive inflow of nearly $66 million, according to data.
比特币现货ETFs在7月24日录得净流入4,450万美元，据数据显示，贝莱德（NASDAQ：IBIT）的ETF流入资金近6600万美元，表现令人瞩目。
However, Grayscale's (OTC:GBTC) experienced an outflow of $26.2 million.
然而，Grayscale（OTC:GBTC）的流出达2620万美元。
However, the recent price drop and the ongoing market uncertainty have cast a shadow over the cryptocurrency.
然而，近期的价格暴跌和不确定的市场环境对加密货币蒙上了阴影。
What's Next: The upcoming Benzinga Future of Digital Assets event on Nov. 19 will provide a platform for industry leaders to discuss the challenges and opportunities facing the crypto ecosystem.
下一步：即将到来的Benzinga数字资产未来活动将为行业领袖提供讨论加密生态系统面临的挑战和机遇的平台。