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.
週四上午，數字貨幣市場暴跌，比特幣（CRYPTO: BTC）亞洲早盤下跌3%以上，引發逾2.5億美元的清算浪潮。
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).
發生了什麼：以太坊（CRYPTO: ETH）也遭受了重創，下跌7.5%，ETFs參與的資金外流加劇了下跌。
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.
比特幣突然暴跌，世界最大的加密貨幣在短短几分鐘內從大約65500美元暴跌近64000美元，這在很大程度上歸因於更廣泛市場的下行趨勢，美國科技股遭受了重挫。紐交所100指數遭遇自2022年以來最大的跌幅，凸顯了投資者對風險資產的憂慮。
Bitcoin is currently trading around $64,200, down 3.2% in the past 24 hours, while Ethereum has fallen 8.5% to $3,171.
比特幣目前正在約64200美元左右交易，過去24小時下跌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.
風險資產的投資者焦慮不斷加劇，納斯達克100指數遭受自2022年以來最大的跌幅。
The cryptocurrency derivatives market was caught off guard by the volatility.
加密貨幣衍生品市場因波動性而措手不及。
Binance, the world's largest crypto exchange, bore the brunt of the liquidations, with over $118 million in long positions wiped out.
全球最大的加密貨幣交易所幣安承擔了大部分清算壓力，多頭頭寸損失逾1.18億美元。
Other major platforms like OKX and Huobi also reported substantial losses for long traders.
其他像OKX和火幣積分這樣的主要交易平台也報告了多頭交易的重大損失。
Also Read: Vice President Harris Snubs Bitcoin Conference: 'Would Have Been A Disaster For Her,' Shrugs Organizer
還閱讀：賀錦麗副總統怠慢了比特幣會議：“對她來說將是一場災難”，組織者聳聳肩。
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表現如何：以太坊自ETFs推出以來一直面臨壓力，數據顯示，根據SoSo Value的數據，昨天現貨ETFs從以太坊中淨流出了1.33億美元。
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.
雖然Grayscale的旗艦以太坊信託ETF（NYSE:ETHE）流出了3.27億美元，但其迷你ETF和Fidelity的ETF（CBOE：FETH）分別吸引了4590萬美元和7440萬美元的流入資金。
Despite these inflows, the overall sentiment around Ethereum ETFs remains cautious.
儘管有這些資金流入，但人們對以太坊ETF的整體情緒仍持謹慎態度。
Despite the overall bearish sentiment, not all news was negative.
儘管整體情緒看跌，但並非所有消息都是負面的。
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.
比特幣現貨ETFs在7月24日錄得淨流入4,450萬美元，據數據顯示，貝萊德（NASDAQ：IBIT）的ETF流入資金近6600萬美元，表現令人矚目。
However, Grayscale's (OTC:GBTC) experienced an outflow of $26.2 million.
然而，Grayscale（OTC:GBTC）的流出達2620萬美元。
However, the recent price drop and the ongoing market uncertainty have cast a shadow over the cryptocurrency.
然而，近期的價格暴跌和不確定的市場環境對加密貨幣蒙上了陰影。
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：即將到來的Benzinga數字資產未來活動將爲行業領袖提供討論加密生態系統面臨的挑戰和機遇的平台。