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.
今年早些時候在香港推出的首批加密貨幣交易所交易基金（etf）表現不佳，投資者興趣不足，儘管它們推出時引起了初步的熱情。
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.
發生了什麼：日經亞洲最近的一份報告顯示，這些etf監控比特幣（加密: BTC）和以太幣（加密: ETH）等主要貨幣的表現自推出以來均錄得負收益。
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.
中國華夏亞投債-u比特幣etf，這是追蹤比特幣現貨價格的最大基金，截至8月底下跌了6.69%，而國泰基金哈斯基比特幣etf自推出以來下跌了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.
基於以太幣的產品遭遇更大幅度的下跌，中國華夏亞投債-u以太幣etf和國泰基金哈斯基以太幣etf截至8月底已經錄得超過20%的虧損。
This downturn was largely attributed to the ongoing volatility in the market and the ambiguity of U.S. policy on cryptocurrency assets.
這種下滑在很大程度上歸因於市場持續的波動以及美國對加密貨幣資產政策的不確定性。
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.
事實上，比特幣在今年三月達到創紀錄的$73,700後出現急劇轉向，與本文撰寫時相比下跌了超過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."
美國大選季成爲這種動盪的主要推動因素。根據東南亞最大銀行星展集團控股資產研究部門的8月報告，加密貨幣市場波動大，"近期越來越關注美國選舉，以尋求更大的認可度。"
"Bitcoin prices could see additional upside if the Republicans are perceived to have a higher chance of electoral success," the report said.
"如果共和黨被認爲有更高的選舉成功機會，比特幣價格可能會出現額外上漲，" 報告稱。
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
爲什麼重要：香港是唯一一個通過etf暴露投資者對數字貨幣價格波動的亞洲地區。相反，在日本和新加坡，當局對批准此類投資工具採取了謹慎的態度
The underwhelming performance of these Asia-based ETFs comes amid sharp outflows from their U.S.-based counterparts.
這些亞洲ETF在表現不佳的同時，其美國同行卻出現大規模資金流出。
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.
據SoSo Value稱，華爾街掛牌的12只比特幣基金上週大幅流出超過70600萬美元，這是自1月初推出以來的第二大周度資金流出。Fidelity Wise Origin比特幣基金（BATS：FBTC）在9月6日帶頭撤離，損失了8552萬美元的比特幣。
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%.
價格走勢：撰文時，比特幣以54632.87美元交易，過去24小時上漲0.57%，據彭博專業版數據。以太幣交易價格爲2286.01美元，上漲0.15%。
