比特幣ETF流出與以太坊ETF流入：加密投資組合重新平衡行為

比特幣ETF看到流出時，而以太坊ETF湧動，表明投資組合的重新平衡。 ETH是機構加密投資的新寵兒嗎？

The world of crypto ETFs is anything but boring. Buckle up, because there's a fascinating tug-of-war happening between Bitcoin and Ethereum funds.

加密ETF的世界絕非無聊。扣緊了，因為比特幣和以太坊資金之間發生了令人著迷的拔河戰。

Bitcoin ETF Halts Inflow Streak

比特幣ETF停止流入條紋

Bitcoin spot ETFs experienced a significant outflow of $342.25 million on July 1, 2025, putting an end to a fifteen-day inflow party that had raked in almost $5 billion. While this might sound like a reason to panic, experts are calling it a 'natural pause' after a strong upward run. It's like taking a breather after sprinting a marathon – totally understandable.

比特幣現場ETF在2025年7月1日經歷了34225萬美元的大量流出，結束了一個十五天的流入派對，票價為近50億美元。雖然這聽起來像是恐慌的原因，但專家們在強勁的向上奔跑後稱其為“自然停頓”。這就像在衝刺馬拉鬆後喘口氣一樣 - 完全可以理解。

Fidelity’s Bitcoin ETF (FBTC) experienced the largest loss, with $172.73 million in net outflows. The Grayscale Bitcoin Trust (GBTC) wasn't far behind, posting a $119.51 million loss. Even ARK 21Shares Bitcoin ETF (ARKB) and the Bitwise Bitcoin ETF (BITB) saw outflows. However, year-to-date inflows remain largely unaffected.

富達的比特幣ETF（FBTC）遭受了最大的損失，淨流出了1.7273億美元。灰比特幣信託基金（GBTC）並沒有落後，虧損了1.1951億美元。即使是ARK 21Shares比特幣ETF（ARKB）和位比特幣ETF（BITB）也會看到流出。但是，年初流入仍然不受影響。

Ethereum ETFs Maintain Momentum

以太坊ETF保持動力

While Bitcoin ETFs were experiencing outflows, Ethereum ETFs continued their winning streak, reporting $40.68 million in daily total net inflows. This comes after three months of consecutive net inflows for ETH funds, totaling approximately $1.83 billion. BlackRock’s iShares Ethereum Trust (ETHA) led the charge, recording $54.84 million in net inflows.

儘管比特幣ETF正在經歷流出，但以太坊ETF繼續連勝，報告了每日淨流入的4068萬美元。這是在三個月的ETH基金連續三個月的淨流入量之後，總計約18.3億美元。貝萊德（Blackrock）的iShares以太坊信託（ETHA）領導了這一指控，淨流入率為5484萬美元。

Even Grayscale Ethereum Trust got in on the action, recording its ninth-ever day of inflows since launching on July 23, 2024. However, Fidelity’s Ethereum ETF (FETH) did see $24.11 million in net outflows.

即使是灰度以太坊信託基金會也參與其中，自2024年7月23日推出以來，記錄了其第九天的流入。

What's Driving This Divergence?

是什麼推動了這種分歧？

So, what's behind this crypto see-saw? Analysts point to a couple of key factors. First, Bitcoin's recent price consolidation has likely prompted some profit-taking and portfolio adjustments. Institutions may be locking in gains near all-time highs, and diversifying into other crypto assets.

那麼，這種加密透明的距離背後是什麼？分析師指出了兩個關鍵因素。首先，比特幣最近的價格合併很可能促使一些盈利和投資組合調整。機構可能會鎖定在有史以來高潮附近的收益，並多樣化為其他加密資產。

On the flip side, Ethereum ETFs are attracting investors thanks to the inclusion of staked Ether in some ETF offerings. This allows investors to earn yield while gaining exposure to price action – a model that seems to be resonating with institutional asset managers. The growing interest in Ethereum’s ecosystem, fueled by developments in DeFi and smart contract adoption, also underpins positive investor sentiment.

另一方面，由於在某些ETF產品中包含了固定的乙醚，以太坊ETF吸引了投資者。這使投資者可以在獲得價格行動的同時賺取收益率，這一模式似乎在機構資產經理引起人們的共鳴。在Defi和Smart Contract Fundings的發展中，對以太坊的生態系統的興趣日益加劇，這也支持了積極的投資者情緒。

The Big Picture

大局

The contrasting flow patterns between Bitcoin and Ether ETFs suggest a nuanced market environment. Investors are actively managing their portfolios to optimize returns while maintaining exposure to key digital assets. Ethereum is increasingly viewed as a standalone category within institutional investment strategies, not just a Bitcoin sidekick.

比特幣和以太ETF之間的對比流程表明了細微的市場環境。投資者正在積極管理其投資組合，以優化收益，同時保持對關鍵數字資產的影響。以太坊越來越被視為機構投資策略中的獨立類別，而不僅僅是比特幣的搭檔。

Looking Ahead

展望未來

While short-term fluctuations are common, the overall trajectory for crypto ETFs remains strong. As regulatory frameworks evolve and institutional participation deepens, these ETFs are poised to play a critical role in mainstream crypto adoption. It's not just about Bitcoin anymore; Ethereum is stepping into the spotlight.

儘管短期波動很常見，但加密ETF的總體軌跡仍然很強。隨著監管框架的發展和製度參與的加深，這些ETF準備在主流加密採用中發揮關鍵作用。不再只是比特幣；以太坊正引起人們的關注。

So, there you have it! A crypto portfolio rebalancing act in real-time. Who knows what tomorrow will bring? One thing's for sure: the crypto ETF saga is far from over, and it's going to be a wild ride. Time to grab some popcorn and enjoy the show!

所以，你有！加密投資組合重新平衡行為實時。誰知道明天會帶來什麼？可以肯定的是：加密ETF傳奇還遠遠沒有結束，這將是一個瘋狂的旅程。是時候抓住一些爆米花並享受節目了！