Bitcoin, Ethereum ETFs See $742 Million In Outflows, Supply Shock Unlikely In 2025, Report Shows
Bitcoin, Ethereum ETFs See $742 Million In Outflows, Supply Shock Unlikely In 2025, Report Shows
This comes as research from the cryptocurrency exchange Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot ETFs faced substantial net outflows of $742 million on Jan.8.
比特币（数字货币代码：BTC）和以太坊（数字货币代码：ETH）现货ETF在1月8日面临了74200万美元的大量资金流出。
Bitcoin ETFs led the decline, recording $583 million in outflows, with Blackrock's (NASDAQ:IBIT), Fidelity's (CBOE: FBTC), and Ark & 21Shares (CBOE: ARKB) contributing $124 million, $258 million and $148 million, respectively, according to data from SoSo Value.
比特币ETF引领了这一下降，记录了58300万美元的流出，其中贝莱德（纳斯达克代码：IBIT）、富达（CBOE代码：FBTC）和Ark & 21Shares（CBOE代码：ARKB）分别贡献了12400万美元、25800万美元和14800万美元，数据来自SoSo Value。
Ethereum spot ETFs saw $159 million in withdrawals, $147 million of which stemmed from Fidelity's (CBOE: FETH), data shows.
以太坊现货ETF则有15900万美元的提款，其中14700万美元来自富达的（CBOE代码：FETH），数据显示。
This comes as research from the cryptocurrency exchange CEX.IO suggests a Bitcoin supply shock is unlikely in 2025, despite market fluctuations and ETF movements.
这项研究来自数字货币交易所CEX.IO，表明尽管市场波动和ETF变动，2025年比特币供应冲击不太可能发生。
CEX.IO's analysis, released today, indicates that 70% of Bitcoin's circulating supply is in free float, providing ample liquidity to mitigate the risk of a supply shock.
CEX.IO今天发布的分析显示，比特币流通供应的70%处于自由流通状态，提供了充足的流动性以减轻供应冲击的风险。
Their research further highlights a 1.75 million Bitcoin decrease in long-term holder (LTH) supply in 2024, signaling potential for significant selling pressure within this group in the upcoming year.
他们的研究进一步强调，2024年长期持有者（LTH）的比特币供应减少了175万，预示着在即将到来的一年中这一群体可能面临显著的卖压。
While U.S. spot ETFs absorbed 2.4 times the annual mined supply of Bitcoin in 2024, they account for less than 4% of overall trading volume.
虽然美国现货ETF在2024年吸收了2.4倍于年度开采的比特币供应，但它们占整体交易量的比例不足4%。
Also Read: Gary Gensler Says 10,000-15,000 Projects Won't Survive, Crypto Market Is 'Wrapped Up In Sentiment'
另见报道：加里·根斯勒表示，有10,000到15,000个项目不会存活，数字货币市场“被情绪所包围”。
This suggests that while influential, ETF trading volume is not the dominant force in the market.
这表明虽然交易所的可交易ETF成交量很有影响，但在市场中并不是主导力量。
The report revealed a redistribution of Bitcoin supply with exchange reserves dropping 21% while over-the-counter (OTC) balances increased by 105%, and about 40% of Bitcoin's transaction volume in 2024 was exchange related.
报告显示，比特币供应出现重新分配，交易所储备下降21%，而场外交易(OTC)余额增加了105%，并且2024年约40%的比特币交易量与交易所相关。
CEX.IO also quadrupled its market share in 2024, becoming a top 2 exchange for Bitcoin market depth, with a 61% increase in USD denominated 2% market depth.
CEX.IO在2024年其市场份额也增长了四倍，成为比特币市场深度的前二大交易所，美元计价的2%市场深度增加了61%。
The exchange's report argues that with a substantial amount of Bitcoin held by long-term holders ready to take profits, the market will likely see continued adherence to the traditional 4-year market cycle.
该交易所的报告认为，随着大量比特币被长期持有者持有并准备获利，市场可能会继续遵循传统的4年市场周期。
This analysis states that despite the recent outflows in spot ETFs, these market trends mitigate the risk of a severe supply shock in 2025.
该分析指出，尽管近期现货可交易ETF出现资金流出，但这些市场趋势减少了2025年严重供应冲击的风险。
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Image: Shutterstock
图片：shutterstock
