资金回流:比特币ETF投资者重新入场
就在两周前,比特币交易所交易基金(ETF)的投资者还在纷纷撤资。如今,他们又重新开始大量涌入。
根据Decrypt的比特币ETF追踪数据显示,美国现货比特币ETF在周五吸纳了1.345亿美元的资金,使得其连续净流入交易日延长至七个。这一涨势始于9月17日,期间累计吸纳资金约29.8亿美元。
这与9月中旬的情况形成了鲜明对比。参议院对《Clarity法案》终止辩论投票失败后,这些基金在9月15日流失了4.504亿美元,创下自6月以来的最差单日表现;次日又流失了2.959亿美元。随后风向逆转,此后的资金流入规模大约是此前连续两天流出规模的四倍。
比特币ETF是持有实际比特币的交易所交易基金,允许投资者通过常规证券经纪账户获得比特币敞口,从而完全绕过加密货币交易所、钱包和助记词。其每日资金流向已成为衡量机构市场 Appetite 的重要指标。
最大的转折点出现在9月21日,当日基金吸纳了近10亿美元,创下自2025年10月以来的最佳单日表现。正如Decrypt周二报道的那样,这一激增帮助比特币价格突破了彭博社分析师James Seyffart估算的平均ETF持有人成本基础81,722美元。这使得典型基金投资者自今年1月以来首次重新实现盈利。
This winning streak also rewritten this year's report card. According to Farside Investors, cumulative net inflows to funds in 2026 as of Thursday were $886.8 million. This is a reversal of approximately $6.6 billion from the deficit of $5.69 billion on July 13. Friday's inflows will push the annual total past the $1 billion mark, although statistics vary slightly from trackers. Bloomberg earlier this week put year-to-date inflows at about $320 million.
According to Decrypt tracking data, cumulative net inflows since the fund's launch have now reached US$58 billion. Total net assets were US$108.42 billion, and the Bitcoin price was approximately US$84,020 at the time.
Despite this, there are still gaps that need to be filled. Last year, the funds attracted $21.35 billion in funding. To match this figure, an average of about US$300 million per day has been needed since December, and the average inflow rate during this winning streak has easily exceeded this level.

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