Bitcoin Could Be At $20,000 In This Market, ETFs Are 'A Godsend,' Analyst Says
Bitcoin Could Be At $20,000 In This Market, ETFs Are 'A Godsend,' Analyst Says
"The ETFs should be seen as nothing short of a godsend," Balchunas added.Bitcoin's (CRYPTO: BTC) price could be hovering around $20,000 without the support of exchange-traded funds (ETFs), according to Eric Balchunas, Senior ETF Analyst at Bloomberg.
Bloomberg的高级ETF分析师Eric Balchunas表示，如果没有交易所交易基金（ETF）的支持，比特币（CRYPTO：BTC）的价格可能会在20000美元左右。
What Happened: In a conversation with Coindesk on Thursday, Balchunas outlined why ETFs have played a critical role in stabilizing Bitcoin's price.
发生了什么：周四，Balchunas在与Coindesk的谈话中概述了ETF在稳定比特币价格方面发挥关键作用的原因。
"If you take the ETFs out of the picture, the price of Bitcoin is like $20,000," he noted, suggesting that the introduction and support of ETFs, such as those from BlackRock and Grayscale, have prevented a steeper decline.
“如果你将ETF从中排除，比特币的价格就像20000美元一样，”他指出，暗示了ETF的推出和支持，例如BlackRock和Grayscale的ETF，防止了更严重的下降。
"The ETFs should be seen as nothing short of a godsend," Balchunas added.
Balchunas补充说：“ETF应该被视为是一种不亚于救星的存在。”
The comments come as the cryptocurrency market faces significant outflows, with Bitcoin spot ETFs recording a total net outflow of $81.363 million on Aug. 14
这些评论是在加密货币市场面临重大流出的情况下发表的，其中比特币现货ETF在8月14日记录了总净流出额为8136.3万美元。
Grayscale's Bitcoin Trust (OTC:GBTC) led the outflows with a substantial $56.8658 million, while Franklin ETF (CBOE: EZBC) and BlackRock ETF (NASDAQ:IBIT) saw inflows of $3.4185 million and $2.6836 million, respectively, according to data from SoSo Value.
SoSo Value的数据显示，Grayscale的比特币信托（OTC：GBTC）以大量5686.58万美元的净流出领跑，而Franklin ETF（CBOE：EZBC）和BlackRock ETF（NASDAQ：IBIT）分别看到了341.85万美元和268.36万美元的流入。
Meanwhile, Ethereum (CRYPTO: ETH) spot ETFs experienced a net inflow of $10.7736 million, despite Grayscale's (NYSE:ETHE) seeing an outflow of $16.9465 million, data shows.
与此同时，以太坊（CRYPTO：ETH）现货ETF尽管Grayscale的（纽交所：ETHE）看到了1694.65万美元的流出，但净流入额仍为1077.36万美元。
BlackRock's (NASDAQ:ETHA) and Fidelity's (CBOE: FETH) ETFs recorded inflows of $16.1332 million and $6.6493 million, respectively.
BlackRock（NASDAQ：ETHA）和Fidelity（CBOE：FETH）的ETF分别录得了1613.32万美元和664.93万美元的流入。
Balchunas highlighted the timing of the ETF launches as crucial, especially in light of ongoing challenges such as the Mt. Gox bankruptcy and Germany selling its Bitcoin stack.
Balchunas强调了ETF发行的时间至关重要，特别是考虑到Mt. Gox破产和德国出售其比特币股票等持续挑战。
He suggested that without the support from ETFs, Bitcoin's price could have dropped significantly lower, exacerbating the market's volatility.
他表示，如果没有ETF的支持，比特币的价格可能会大大下降，加剧市场的波动性。