What Is Going On With Bitcoin And Ethereum ETFs?
What Is Going On With Bitcoin And Ethereum ETFs?
The cryptocurrency market continues to show resilience as Bitcoin (CRYPTO: BTC) spot ETFs recorded a net inflow of $11.7997 million on June 27, despite significant outflows from the Grayscale Bitcoin Trust (OTC:GBTC).
加密貨幣市場表現出韌性，儘管Grayscale Bitcoin Trust（OTC：GBTC）大量流出，但比特幣（CRYPTO: BTC）現貨ETF在6月27日錄得1179.97萬美元的淨流入。
What Happened: This data comes as analysts express optimism about the imminent launch of spot Ethereum ETFs in the United States.
發生了什麼：分析師對即將在美國推出現貨以太坊ETF表示樂觀，這些數據伴隨而來。
According to data from SoSo Value, while GBTC experienced an outflow of $11.4407 million, other ETFs more than compensated for this loss.
根據SoSo Value的數據，儘管GBTC出現1144.07萬美元的流出，但其他ETF的流入多次彌補了這一損失。
The Bitwise ETF (BITB) and Fidelity ETF (BATS:FBTC) saw inflows of $8.0432 million and $6.7194 million respectively, underscoring the ongoing demand for Bitcoin investment products.
Bitwise ETF（BITB）和Fidelity ETF（BATS：FBTC）分別看到8,043.2萬美元和6,719.4萬美元的流入，凸顯了對比特幣投資產品的持續需求。
Also Read: Is Altseason Around The Corner? Real Vision Analyst Reveals Key Indicators
另請參閱：Real Vision分析師揭示關鍵因素，看不看好下一個Altseason？
Why It Matters: This mixed ETF performance comes as the crypto community turns its attention to the potential approval of spot Ethereum ETFs.
爲什麼很重要：這種複雜的ETF表現是因爲加密貨幣社區把注意力轉向現貨以太坊ETF的潛在批准。
In a report released on Thursday, Steno Research painted a bullish picture for Ethereum (CRYPTO: ETH), predicting net inflows of $15 billion to $20 billion in the first year of spot Ethereum ETF launches, Coindesk reported.
Steno Research在週四發佈的一份報告中，對以太坊（CRYPTO： ETH）持樂觀態度，預計現貨以太坊ETF推出的第一年將有150-200億美元的淨流入，CoinDesk報道。
"We continue to forecast a net inflow between $15 billion and $20 billion in the first 12 months, even considering the outflow from the Grayscale Ethereum Trust (OTC:ETHE)," said Mads Eberhardt, senior analyst at Steno Research.
Steno Research公司的高級分析師Mads Eberhardt表示："即使考慮到Grayscale Ethereum Trust（OTC：ETHE）的流出，我們仍然預測在前12個月內會有150-200億美元的淨流入。"
The report suggests that these inflows could drive Ethereum's value to at least $6,500 later this year.
該報告建議這些流入可能會推動以太坊的價值至少在今年晚些時候達到6,500美元。
Steno Research's bullish stance on Ethereum ETFs contrasts with some other market predictions.
Steno Research對以太坊ETF的看法與市場上其他一些預測形成鮮明對比。
Galaxy Research, for instance, forecasts $5 billion of net inflows in the first five months, while asset manager Bitwise predicts $15 billion over 18 months.
例如，Galaxy Research預測頭5個月會有50億美元的淨流入，而資產管理公司Bitwise則預測18個月內會有150億美元的淨流入。
Steno argues that due to Ethereum's lower market capitalization and poorer liquidity compared to Bitcoin, even smaller inflows could have a more significant impact on its price.
Steno指出，由於以太坊的市值較小，流動性較差，即使是小額淨流入也可能對其價格產生更大的影響。
The report also suggests that the Ethereum/Bitcoin ratio could strengthen to 0.065 later this year, indicating potential outperformance of Ethereum relative to Bitcoin.
該報告還建議，以太坊/比特幣比率可能在今年晚些時候增強至0.065，表明以太坊相對於比特幣的可能表現更佳。
As the cryptocurrency market continues to evolve, with new investment products entering the mainstream, events like Benzinga's Future of Digital Assets on Nov. 19 become increasingly crucial for understanding market trends and regulatory developments.
隨着新的投資產品進入主流，像Benzinga的數字資產未來一樣的事件對於了解市場趨勢和監管發展變得越來越重要。
Image: Shutterstock
圖片：shutterstock