Overview - Assets under management for spot crypto funds have decreased to $130 billion, marking the lowest level since March of the previous year, driven by significant net outflows and a decline in Bitcoin prices [1][2]. Market Dynamics - Bitcoin has fallen over 50% from its peak in October 2025, with approximately $7 billion in outflows, but most ETF investors remain committed for the long term [2][3]. - The selling pressure is primarily from original crypto investors who have been gradually trimming their positions rather than mass selling [3]. - Currently, about 40% of spot Bitcoin ETF holders are experiencing losses and require a 50% increase in Bitcoin prices to break even [4]. Investor Sentiment - There is a prevailing negative sentiment among investors, exacerbated by the rising price of gold, which has reached all-time highs, contrasting with the performance of cryptocurrencies [5][6]. - The lack of dip buying in ETFs suggests that many investors are hesitant, with flows often reflecting the price movements of Bitcoin or Ethereum rather than counter-trend buying [7][10]. ETF Flows and Strategies - Some financial advisors are viewing the current market as an opportunity, leading to inflows in certain products, while hedge funds and traders are contributing to outflows [8][9]. - The ETF market is characterized by two distinct investor groups: those seeking short-term gains and those focused on long-term investments [10][32]. - The recent performance of spot ETFs has not provided the same price support for Bitcoin as seen in previous cycles, indicating a shift in market dynamics [10][14]. Future Trends - There is growing interest in diversified index funds within the crypto space, similar to trends seen in traditional asset classes, as investors seek broader exposure [20][21]. - The retailization of institutional strategies is becoming a significant trend, with more retail investors gaining access to complex investment strategies previously reserved for high-net-worth individuals [34][36]. - The potential for more banks to issue crypto products could enhance market flows and investor participation [28][29].

来源：市场资讯 （来源：吴说） Bitwise 顾问 Jeff Park 澄清称，近期关于 "纳斯达克取消 IBIT 期权持仓限制、给予华尔街无限杠杆" 的 说法不属实。相关调整实为拟取消 FBTC、ARKB、HODL 及以太坊 ETF 原有 2.5 万份期权持仓上限， 使其与 IBIT、BITB 现行 25 万份标准上限一致，以纠正此前对加密资产的非标准限制。Jeff Park 同时 指出，IBIT 提高至 100 万份期权持仓上限的申请虽已于去年 11 月提交，但尚未获批，目前仍维持 25 万份。 ...

There are a few ways to earn passive income from your crypto holdings, including staking, crypto lending, yield farming, and decentralized finance (DeFi). As I write this, platforms like Aave (CRYPTO: AAVE) and Compound (CRYPTO: COMP) pay annual percentage yields (APYs) of 4.79% and 3.27%, respectively, on USD Coin (CRYPTO: USDC). Image source: Getty Images. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" pr ...

Strategy bitcoin The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. Happy Friday! Bitcoin BTC briefly plunged to $60,000 before bouncing this morning, but with support levels breaking and liquidations piling up, analysts say traders are sitting on their hands rather than trying to catch a falling knife. In today's newsletter, Strategy CEO Phong Le said the company's balance sheet is safe unless bitcoin falls to $8K, Charles Hoskinson says he' ...

Gold and Bitcoin work most effectively when they're in the same portfolio, a Bitwise executive has argued. Speaking at the Digital Assets Forum in London, Bradley Duke, Managing Director and Head of Europe at the digital asset management firm said that gold "is a better cushion" when markets are falling, while BTC offers greater upside during rebounds. "One is more to the upside risk and the other is more protecting against the downside of uncertainty," Duke said. The Bitwise exec was speaking during a ...

Crypto asset manager Bitwise has become the first to file with the US regulator to launch an exchange-traded fund (ETF) dedicated to Uniswap. The fund targets exposure to Uniswap (UNI), the governance token of the leading decentralized exchange protocol. The ETF filing marks one of the pivotal moments for DeFi. “The Trust’s investment objective is to seek to provide exposure to the value of Uniswap held by the Trust, less the expenses of the Trust’s operations and other liabilities,” the Thursday filing ...

uniswap Bitwise is officially the first asset manager to make a formal move to list a Uniswap-focused exchange-traded fund. On Thursday, the asset management firm filed a registration statement with the Securities and Exchange Commission for the Bitwise Uniswap ETF, which would track the UNI token. "The Trust’s investment objective is to seek to provide exposure to the value of Uniswap held by the Trust, less the expenses of the Trust’s operations and other liabilities," according to the statement.  UNI i ...

来源：市场资讯 （来源：网易科技） 比特币周二跌至特朗普重返白宫以来的最低谷，这一标志性数字资产自美国总统特朗普当选以来积累的 涨幅被完全抹去。虽然特朗普政府展现出对加密货币的友好姿态，机构采用率激增，但比特币自2025年 10月创下历史高点以来已累计跌超40%。 CoinMarketCap数据显示，2月3日周二美股午盘时段，加密货币普遍加速下跌。比特币一度跌破7.3万美 元，较亚市早盘7.91万美元上方的日内高位跌超6000美元、跌近8%，刷新2024年11月上旬特朗普胜选 后低位。 市值仅次于比特币的第二大加密货币以太坊跌势更猛，美股午盘曾跌破2110美元，刷新2025年5月以来 低位，较亚市早盘2350美元上方的日高跌去略超10%。 虽然此后比特币很快重上7.4万美元，但进入2026年以来已累跌超15%。投资者对经济逆风的担忧持续 升温，股市在低风险偏好和AI泡沫担忧中挣扎反弹，加密货币市场情绪跌至谷底。香港加密期权平台 SignalPlus合伙人Augustine Fan表示："加密货币情绪正触及底部，市场正以熊市模式交易。" 杠杆清算加剧抛压 比特币周二跌破了2025年4月7日跌破7.45万美元所创 ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Crypto asset manager Bitwise launched seven model portfolios focused on digital assets.  The portfolios, tailored to serve different investor risk preferences, will allow financial advisors to give their clients access to digital assets through ETFs, including spot crypto ETFs, crypto index ETFs, thematic ETFs and crypto equity ETFs. The firm’s “core” portfolios will give investors broad ex ...

新浪合作大平台期货开户 安全快捷有保障 责任编辑：陈平 2月4日，在美股科技板块遭遇剧烈抛售的背景下，数字资产市场也未能幸免。ZFX山海证券表示，由于 人工智能（AI）板块、软件股及私募股权类股票的集体走低，比特币（BTC）近期跌破了关键支撑位， 回落至 75000 左右，正步步逼近上周末 74600 的低点。市场情绪的急剧恶化反映出流动性环境的紧缩， 这种跨市场的联动效应正将加密货币推向更深的技术性调整区间。 股市"风暴"席卷全场 本轮回调的导火索主要源于软件与科技龙头的重挫。事实数据表示，Adobe、Salesforce 等行业巨头在 交易时段内跌幅高达 7% 至 12%，科技软件 ETF（IGV）在短短一周内缩水 14%。与此同时，黑石 （Blackstone）、KKR 等私募巨头也出现了 6% 以上的跌幅。ZFX山海证券认为，这些领域的大幅波动 暗示了经济基本面可能远比数据预期的脆弱。当传统市场的防御阵地受损，资金外溢效应对加密资产构 成了巨大的去杠杆压力，导致 Solana 跌破 100 整数关口，以太坊回落至 2200 附近。 "加密寒冬"的深层逻辑 针对当前的市场格局，Bitwise 首席投资官 ...