Bitcoin, Ethereum ETFs Of Asian Origin Record Lackluster Performance As Volatility And US Regulatory Uncertainty Keeps Investors Away
Bitcoin, Ethereum ETFs Of Asian Origin Record Lackluster Performance As Volatility And US Regulatory Uncertainty Keeps Investors Away
Ethereum-based products witnessed bigger declines, with The first-ever cryptocurrency exchange-traded funds (ETFs) that were introduced in Hong Kong earlier this year have experienced subpar performance and a lack of investor interest, despite the initial excitement surrounding their launch.
今年早些时候在香港推出的首批加密货币交易所交易基金（etf）表现不佳，投资者兴趣不足，尽管它们推出时引起了初步的热情。
What Happened: A recent report by Nikkei Asia revealed that these ETFs, which monitor the performance of leading currencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), have all recorded negative returns since their inception.
发生了什么：日经亚洲最近的一份报告显示，这些etf监控比特币（加密: BTC）和以太坊（加密: ETH）等主要货币的表现自推出以来均录得负收益。
ChinaAMC Bitcoin ETF, the biggest fund tracking the spot price of Bitcoin, was down 6.69% at the end of August, while Bosera HashKey Bitcoin ETF slipped 4.65% since launch.
中国华夏亚投债-u比特币etf，这是追踪比特币现货价格的最大基金，截至8月底下跌了6.69%，而国泰基金哈斯基比特币etf自推出以来下跌了4.65%。
Ethereum-based products witnessed bigger declines, with ChinaAMC Ether ETF and Bosera HashKey Ether ETF recording losses of over 20% as of August end.
基于以太坊的产品遭遇更大幅度的下跌，中国华夏亚投债-u以太坊etf和国泰基金哈斯基以太坊etf截至8月底已经录得超过20%的亏损。
This downturn was largely attributed to the ongoing volatility in the market and the ambiguity of U.S. policy on cryptocurrency assets.
这种下滑在很大程度上归因于市场持续的波动以及美国对加密货币资产政策的不确定性。
Indeed, Bitcoin has taken a sharp U-turn after hitting an all-time high of $73,700 in March earlier this year, tumbling more than 25% from the crest as of this writing.
事实上，比特币在今年三月达到创纪录的$73,700后出现急剧转向，与本文撰写时相比下跌了超过25%。
The U.S. election season has turned out to be the major contributing factor to the turbulence. According to an August report from the research unit of Southeast Asia's largest bank by assets, DBS Group Holdings, cryptocurrency markets are volatile and "increasingly focused on the U.S. elections for cues toward greater acceptability."
美国大选季成为这种动荡的主要推动因素。根据东南亚最大银行星展集团控股资产研究部门的8月报告，加密货币市场波动大，"近期越来越关注美国选举，以寻求更大的认可度。"
"Bitcoin prices could see additional upside if the Republicans are perceived to have a higher chance of electoral success," the report said.
"如果共和党被认为有更高的选举成功机会，比特币价格可能会出现额外上涨，" 报告称。
Why It Matters: Hong Kong is the only Asian region that has exposed investors to the price moves of cryptocurrency through ETFs. Conversely, in Japan and Singapore, authorities have shown a cautious approach towards approving such investment vehicles
为什么重要：香港是唯一一个通过etf暴露投资者对数字货币价格波动的亚洲地区。相反，在日本和新加坡，当局对批准此类投资工具采取了谨慎的态度
The underwhelming performance of these Asia-based ETFs comes amid sharp outflows from their U.S.-based counterparts.
这些亚洲ETF在表现不佳的同时，其美国同行却出现大规模资金流出。
According to SoSo Value, the 12 Wall Street-listed Bitcoin funds bled more than $706 million last week, marking the second-largest weekly outflows since their launch in early January. Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) led the exodus on Sept. 6, losing a substantial $85.52 million in Bitcoin.
据SoSo Value称，华尔街挂牌的12只比特币基金上周大幅流出超过70600万美元，这是自1月初推出以来的第二大周度资金流出。Fidelity Wise Origin比特币基金（BATS：FBTC）在9月6日带头撤离，损失了8552万美元的比特币。
Price Action: At the time of writing, Bitcoin was exchanging hands at $54,632.87, up 0.57% in the last 24 hours, according to data from Benzinga Pro. Ethe was trading at $2,286.01, up 0.15%.
价格走势：撰文时，比特币以54632.87美元交易，过去24小时上涨0.57%，据彭博专业版数据。以太坊交易价格为2286.01美元，上涨0.15%。
