小摩:比特币 ETP 资金集中度飙升,周度净流出 11.26 亿美元

小摩:比特币 ETP 资金集中度飙升,周度净流出 11.26 亿美元

2026-09-11 10:41

ChainThink 消息,9月11日,摩根大通9月8日研报数据显示,9月4日美国现货比特币 ETP 净流出 1.75 亿美元,以太坊 ETP 净流入 900 万美元,Solana ETP 净流出 500 万美元;

当周三大品类合计净流出 11.26 亿美元,较前两周略有减速。资金高度集中,贝莱德 IBIT 单日流入 1.18 亿美元,富达 FBTC 流入 5700 万美元,其余产品零流入;

以太坊 ETP 内部明显分化,贝莱德 ETHA 流入 5800 万美元,富达 FETH 流出 4800 万美元。比特币 ETP 总管理规模 1012.5 亿美元。

摩根大通指出,比特币 ETP 累计净流入约 582 亿美元,以太坊约 126 亿美元,早期配置资金尚未大规模撤离。费率差异是资金集中的重要原因。

周度流出虽减速但趋势未逆转,9月8日恢复交易后的资金流数据是关键观察点。

Disclaimer: Contains third-party opinions, does not constitute financial advice

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