Arus Keluar ETF Bitcoin & Ethereum Terus Berlanjut: Arus Bersih Bulanan Tetap Merah

bitcoinistPublicado a 2025-12-31Actualizado a 2025-12-31

Resumen

Aliran keluar ETF Bitcoin dan Ethereum terus berlanjut, dengan arus bersih 30 hari tetap negatif sebesar -$656 juta untuk BTC dan -$422 juta untuk ETH. Data menunjukkan modal terus mengalir keluar dari aset digital ini, mencerminkan permintaan yang lemah di pasar yang mirip dengan fase awal 2025. Meskipun situasi sedikit membaik, indikator masih berwarna merah. Permintaan dari dana ETF ini, yang populer di kalangan investor tradisional, sebelumnya pernah pulih secara eksplosif dan mendorong kenaikan harga tajam. Kini, belum jelas apakah pemulihan serupa akan terulang. Di sisi lain, aset digital di treasury (penyimpanan kas) perusahaan dan pemerintah telah melampaui $185 miliar, menunjukkan minat institusional yang tetap kuat. Sementara itu, harga Bitcoin berkisar di $88.100 dan tampak terkonsolidasi.

Data menunjukkan arus bersih ETF 30 hari masih negatif untuk Bitcoin dan Ethereum, menunjukkan bahwa modal telah mengalir keluar dari aset digital.

Arus Bersih ETF Bitcoin & Ethereum Telah Negatif Belakangan Ini

Seperti dijelaskan oleh analis komunitas CryptoQuant Maartunn dalam posting baru di X, reksa dana ETF spot Bitcoin dan Ethereum telah menghadapi arus bersih negatif selama sebulan terakhir.

ETF spot adalah kendaraan investasi yang memungkinkan investor mendapatkan eksposur tidak langsung terhadap pergerakan harga aset dasar. Dalam konteks cryptocurrency, ini berarti bahwa investor ETF tidak perlu berinteraksi di on-chain; dana membeli dan menyimpan token atas nama mereka.

ETF spot AS adalah fenomena yang relatif baru di sektor aset digital, hanya mendapatkan persetujuan dari Securities and Exchange Commission (SEC) pada Januari 2024 untuk Bitcoin dan Juli 2024 untuk Ethereum.

ETF spot dapat terlihat seperti mode investasi yang nyaman bagi trader yang tidak familiar dengan dompet dan bursa cryptocurrency. Entitas institusional, khususnya, lebih memilih untuk mendapatkan eksposur melalui mereka.

Sejak kedatangan mereka, kendaraan investasi ini dengan cepat mendapatkan popularitas dengan memanfaatkan permintaan dari investor tradisional dan membuktikan diri sebagai salah satu pilar utama sektor ini.

Di bawah ini adalah bagan yang menunjukkan bagaimana arus bersih 30 hari terkait ETF spot Bitcoin dan Ethereum berubah selama keberadaan mereka sejauh ini.

Sepertinya nilai metrik telah negatif untuk kedua aset ini dalam beberapa pekan terakhir | Sumber: @JA_Maartun di X

Seperti terlihat dalam grafik, arus bersih ETF spot 30 hari telah negatif untuk Bitcoin dan Ethereum sejak beberapa waktu lalu, menunjukkan bahwa dana telah menyaksikan arus keluar bersih yang berkelanjutan.

Situasi sedikit membaik baru-baru ini, tetapi indikator masih merah untuk kedua aset, berada di -$656 juta untuk BTC dan -$422 juta untuk ETH. Permintaan yang lemah di pasar mirip dengan fase arus keluar dari paruh pertama 2025.

Kala itu, permintaan akhirnya kembali secara eksplosif, dengan Bitcoin dan Ethereum menyaksikan kenaikan harga yang tajam. Kini tinggal menunggu apakah comeback akan terjadi kali ini atau jika perlambatan permintaan akan bertahan untuk sementara waktu.

Sumber permintaan lain yang relatif baru di pasar adalah treasury aset digital. Seperti disorot oleh penyedia solusi DeFi institusional Sentora dalam posting X baru, kepemilikan treasury cryptocurrency kini melebihi $185 miliar di 368 entitas.

Rincian treasury di berbagai sektor | Sumber: Sentora di X

Dari jumlah ini, 73% treasury aset digital dikendalikan oleh perusahaan, sementara sisanya berada di tangan pemerintah.

Harga BTC

Pada saat penulisan, Bitcoin diperdagangkan sekitar $88.100, tidak berubah dari pekan lalu.

Harga koin sepertinya telah berkonsolidasi baru-baru ini | Sumber: BTCUSDT di TradingView

Preguntas relacionadas

QApa yang ditunjukkan oleh data aliran bersih ETF Bitcoin dan Ethereum selama 30 hari terakhir?

AData menunjukkan aliran bersih ETF 30 hari masih negatif untuk Bitcoin dan Ethereum, dengan nilai -$656 juta untuk BTC dan -$422 juta untuk ETH, yang mengindikasikan modal terus mengalir keluar dari aset digital tersebut.

QMengapa ETF spot dianggap sebagai cara investasi yang nyaman bagi beberapa investor?

AETF spot memungkinkan investor mendapatkan eksposur tidak langsung terhadap pergerakan harga aset kripto tanpa harus berinteraksi langsung dengan dompet atau pertukaran on-chain, sehingga sangat disukai terutama oleh investor institusional yang kurang familiar dengan teknologi blockchain.

QKapan ETF spot Bitcoin dan Ethereum mendapatkan persetujuan dari SEC?

AETF spot Bitcoin disetujui oleh Securities and Exchange Commission (SEC) pada Januari 2024, sedangkan ETF spot Ethereum mendapatkan persetujuan pada Juli 2024.

QApa kesamaan kondisi aliran keluar ETF saat ini dengan periode sebelumnya di tahun 2025?

AKondisi lemahnya permintaan pasar saat ini mirip dengan fase aliran keluar yang terjadi pada paruh pertama tahun 2025, dimana saat itu permintaan akhirnya kembali secara eksplosif diikuti kenaikan harga yang signifikan.

QBerapa total nilai treasury aset digital yang dipegang oleh entitas perusahaan dan pemerintah menurut data terbaru?

AMenurut Sentora, total treasury aset digital sekarang melebihi $185 miliar yang dipegang oleh 368 entitas, dengan 73% dikendalikan oleh perusahaan dan sisanya oleh pemerintah.

Lecturas Relacionadas

Trump's 43 Minutes: The Strongman Narrative Unravels, the Media War Escalates

President Donald Trump's first public appearance in over a week, intended to project control amidst health concerns and political challenges, devolved into a 43-minute display of grievance and insecurity. He focused initially on a reflecting pool renovation, compared his rally size to Martin Luther King Jr.'s, and repeatedly attacked political opponents, judges, and U.S. cities. He signed executive orders, including one weakening job protections for senior federal employees, potentially replacing expertise with loyalty. His speech meandered to topics like communism before ending abruptly. The article highlights Trump's agitated, defensive state and the systemic pressures enabling his power. It details his personal attack on a CNN reporter, framing it as part of a broader assault on independent media to undermine public trust in unfavorable facts. This pressure is exemplified by the reported erosion of editorial independence at CBS. The author argues that as mainstream media faces political and commercial pressures, supporting independent journalists becomes crucial for preserving truthful information. The piece concludes by noting a symbolic House vote challenging Trump's Iran actions, suggesting growing Republican dissent, and frames financial support for independent media as a direct form of resistance.

marsbitHace 19 min(s)

Trump's 43 Minutes: The Strongman Narrative Unravels, the Media War Escalates

marsbitHace 19 min(s)

The Ambitions of Kalshi, MTS, and a16z

"Kalshi, MTS, and a16z's Ambition" explores prediction markets as a focal point for investors in 2025. The article traces their intellectual evolution from Hayek's ideas on distributed knowledge to Robin Hanson's logarithmic market scoring rule (LMSR), which incentivizes truth-telling. Venture firm Andreessen Horowitz (a16z) invested in prediction market platform Kalshi, valuing it at $220 billion. a16z argues these markets offer "presence"—a way for individuals to actively engage with and influence world events through financial bets, countering modern detachment. This transforms participants into "super observers" and grants the platform authority in defining event truth and importance. The piece positions prediction markets as a key component of a16z's envisioned "new media" empire. This strategy involves rapid, high-intensity content across platforms to "take over the timeline." Media company MTS exemplifies this with its constant news livestreams. Ultimately, Kalshi's value lies in its "reality distortion field"—the power to shape perception through the credibility of real-money markets, making it a potent tool within a16z's broader media and influence architecture.

marsbitHace 2 hora(s)

marsbitHace 2 hora(s)

Breaking: OpenAI Chip Veteran Joins Anthropic

Breaking News: OpenAI Chip Veteran Joins Anthropic Clive Chan, a key early member of OpenAI's in-house chip development team, has announced his departure from OpenAI to join rival AI company Anthropic. In his statement, Chan highlighted his experience as the second hire on OpenAI's hardware team, praising its exceptional talent density but expressing a desire to "climb a new mountain from the base." He cited Anthropic's talent, values, and ambitious pace as key reasons for his move. Chan also referenced OpenAI's disclosed partnership with Broadcom, aimed at deploying a 10GW AI accelerator system starting in the second half of 2026. His career includes roles at Tesla, Google, and SpaceX, focusing on AI infrastructure and hardware. This move continues a notable trend of talent flow from OpenAI to Anthropic, following other high-profile departures like researcher Andrej Karpathy. With Anthropic's recent $65 billion funding round valuing it near $1 trillion, the competition for top AI talent between these leading firms remains intense.

marsbitHace 2 hora(s)

Breaking: OpenAI Chip Veteran Joins Anthropic

marsbitHace 2 hora(s)

a16z's Globalization Shift: Venture Capital Is Becoming the 'Driving Force' for the U.S. Tech Alliance

a16z is making a significant shift in its globalization strategy, positioning itself not just as a global investor but as a key player in aligning technology with the national security and competitive interests of the United States and its allies. The firm’s recent initiatives, including opening a Tokyo office and appointing Anne Neuberger—a former U.S. government official with deep experience in defense and technology—as Global Affairs Lead, underscore this move. It highlights how venture capital’s role is expanding beyond funding and advice to helping startups navigate complex international regulations, geopolitics, and strategic partnerships in critical sectors like AI, cybersecurity, defense tech, and supply chain resilience. By rebranding its investor relations team as the Global Partnership Team and leveraging its extensive network to connect founders with global capital and key stakeholders, a16z aims to be a "behind-the-scenes force" for scaling companies internationally. The firm has already made over 100 international investments. Ultimately, a16z frames its mission as twofold: empowering founders to build great companies and, now, actively supporting the technological leadership and alliance networks of the U.S. and its allies in an era of heightened global competition.

marsbitHace 2 hora(s)

a16z's Globalization Shift: Venture Capital Is Becoming the 'Driving Force' for the U.S. Tech Alliance

marsbitHace 2 hora(s)

Uncovering the Truth About Agent Commerce, Payments, and Infrastructure

Decoding Agent Commerce, Payments, and Infrastructure: The Reality Over the past year, I've been building infrastructure for the Agent economy, engaging with major players like Stripe, Visa, Coinbase, Google, and dozens of startups. A clear conclusion emerges: true, large-scale demand does not yet exist. Startups face structural challenges. Data points illustrate this gap. Stripe's Agent commerce platform has over 1,000 merchants but only single-digit transacting agents. Visa's Agent payment token requires 9-month KYC and a $250M revenue threshold, accessible only to giants like Amazon. On-chain analysis reveals actual daily Agent transaction volume is around $17k, half of which are test transactions. The article analyzes four potential markets: **1. Agent-to-Merchant (A2M):** Current AI shopping UX is often inferior to traditional e-commerce for visual, comparison-heavy purchases (clothing, electronics). Chat interfaces are a step back. Real merchant interest is defensive "Agent Engine Optimization," fearing future obsolescence, not current demand. Potential exists in high-frequency, low-decision purchases (e.g., food delivery) or simplifying terrible UX (complex checkouts, non-native shoppers), but these require massive consumer distribution channels dominated by giants like DoorDash and Amazon. **2. Agent-to-API (A2A):** Developers already have subscriptions and billing for core APIs (compute, data). The argument for micro-payments via crypto for sub-dollar API calls is addressed by pre-paid balances today. The deeper issue is supplier resistance; major SaaS firms rely on enterprise contracts, not fractional cent pricing. Opportunity lies in the long tail of niche services, but this is a smaller market catering to developers, a historically low-paying group. **3. Agent-to-Agent (A2A):** This remains a theoretical long-term vision with near-zero current transaction volume. It involves unique challenges: discovery, trust, negotiation, dispute resolution. When it materializes, it will require a fundamentally new settlement infrastructure for high-speed, variable-value, multi-party transactions. It's a real long-term bet, but not the current market. **4. Agent-to-Finance (A2F):** This is the only category with existing, paying demand. Integrating AI into financial workflows (trading, portfolio management) is a natural evolution and enables new capabilities like autonomous rebalancing. However, competition favors incumbents with regulatory licenses, compliance infrastructure, and existing client relationships. **The Real Issue:** Why is infrastructure still being built? Incumbents can afford long-term bets, and payment companies see every problem as a nail for their payment hammer. However, payment is just one piece. The core challenge is *coordination*—orchestrating work between Agents and humans, verifying outcomes, and settling results. Payment is part of settlement, which is part of coordination. Companies that solve the coordination problem will subsume payments, not the other way around. Startups lack the infinite runway of giants and must find today's real market, which, after a year of exploration, lies outside these four categories—in an area with real, growing, and underserved activity.

marsbitHace 2 hora(s)

Uncovering the Truth About Agent Commerce, Payments, and Infrastructure

marsbitHace 2 hora(s)

Trading

Spot

Futuros

Artículos destacados

Cómo comprar RED

¡Bienvenido a HTX.com! Hemos hecho que comprar RedStone (RED) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar RedStone (RED) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu RedStone (RED)Después de comprar tu RedStone (RED), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear RedStone (RED)Tradear fácilmente con RedStone (RED) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.

396 Vistas totalesPublicado en 2025.03.05Actualizado en 2026.06.02

Discusiones

Bienvenido a la comunidad de HTX. Aquí puedes mantenerte informado sobre los últimos desarrollos de la plataforma y acceder a análisis profesionales del mercado. A continuación se presentan las opiniones de los usuarios sobre el precio de RED (RED).