以太坊 ETF 吸引越來越多的興趣，引發比特幣 ETF 資金外流，引發山寨幣季節投機

自 12 月 19 日以來，比特幣 ETF 一直在應對大量資金外流，截至撰寫本文時，資金外流總額已超過 11 億美元。

US spot Bitcoin (BTC) exchange-traded funds (ETFs) encountered substantial outflows on December 23, totalling $226 million, while Ethereum ETFs experienced inflows of $130 million.

12 月 23 日，美國現貨比特幣 (BTC) 交易所交易基金 (ETF) 遭遇大幅資金流出，總計 2.26 億美元，而以太坊 ETF 則流入 1.3 億美元。

This stark contrast in net flows between the two ETFs has sparked discussions among crypto analysts regarding the possibility of an impending altcoin season.

兩隻 ETF 之間淨流量的鮮明對比引發了加密貨幣分析師關於即將到來的山寨幣季節可能性的討論。

Capital Flow Shifts from Bitcoin ETFs to Ethereum ETFs

資金流向從比特幣 ETF 轉向以太幣 ETF

Bitcoin ETFs have been facing significant outflows since December 19, with the total outflows amounting to over $1.1 billion at the time of writing. This trend follows 15 consecutive days of inflows, during which Bitcoin ETFs' total net assets increased from $100 billion to $121 billion.

自 12 月 19 日以來，比特幣 ETF 一直面臨大量資金流出，截至撰寫本文時，資金流出總額超過 11 億美元。這一趨勢是在連續 15 天流入之後出現的，在此期間，比特幣 ETF 的總淨資產從 1,000 億美元增加到 1,210 億美元。

On December 19 alone, Bitcoin ETFs experienced outflows of $680 million – the largest single-day outflows since the introduction of Bitcoin ETFs earlier this year – decreasing their total net assets to $105 billion.

光是 12 月 19 日，比特幣 ETF 就經歷了 6.8 億美元的資金流出——這是自今年稍早引入比特幣 ETF 以來最大的單日資金流出——其總淨資產減少至 1,050 億美元。

A major contributor to this decline was Grayscale's GBTC fund, which sold 1,870 BTC over a three-day period.

造成這一下降的主要原因是 Grayscale 的 GBTC 基金，該基金在三天內賣出了 1,870 BTC。

While some market analysts attribute the recent outflows to profit-taking, others believe this trend could indicate a shift in investors' sentiment towards the flagship cryptocurrency.

雖然一些市場分析師將最近的資金外流歸因於獲利了結，但其他人認為這一趨勢可能表明投資者對旗艦加密貨幣的情緒發生了轉變。

In particular, there seems to be a significant capital reallocation from Bitcoin ETFs to Ethereum ETFs.

特別是，資本似乎從比特幣 ETF 重新分配到以太坊 ETF。

Supporting this observation, Ethereum ETFs have been garnering increasing interest, which is reflected in the recent inflow data.

支持這一觀察的是，以太坊 ETF 引起了越來越多的興趣，這反映在最近的流入數據中。

According to figures from SoSoValue, Ethereum ETFs received $130 million in inflows on December 23, the same day that Bitcoin ETFs reported outflows of $226 million.

根據 SoSoValue 的數據，以太坊 ETF 於 12 月 23 日收到 1.3 億美元的流入，同一天比特幣 ETF 報告流出 2.26 億美元。

The rising capital inflows into Ethereum ETFs are not surprising, given the growing institutional interest in the second-largest cryptocurrency by market capitalization.

鑑於機構對市值第二大加密貨幣的興趣日益濃厚，流入以太幣 ETF 的資本不斷增加並不令人意外。

A recent report highlighted that BlackRock's iShares Ethereum Trust ETF has collected over a million ETH.

最近的一份報告強調，貝萊德的 iShares 以太坊信託 ETF 已收集了超過 100 萬個 ETH。

Bullish Sentiment for Ethereum Builds Up

以太坊看漲情緒增強

Despite Ethereum lagging behind other cryptocurrencies like Solana (SOL), SUI, and XRP for a large part of the year, analysts anticipate that the tides might be shifting in ETH's favour.

儘管以太坊在今年的大部分時間裡落後於 Solana (SOL)、SUI 和 XRP 等其他加密貨幣，但分析師預計趨勢可能會向有利於 ETH 的方向轉變。

One key factor contributing to this optimism is the decreasing Bitcoin dominance, which many perceive as a precursor to the much-anticipated "altcoin season."

促成這種樂觀情緒的一個關鍵因素是比特幣主導地位的下降，許多人認為這是備受期待的「山寨幣季節」的前兆。

Furthermore, bullish technical indicators are fuelling positive sentiment regarding Ethereum's price.

此外，看漲的技術指標正在激發人們對以太幣價格的正面情緒。

For example, the ETH/BTC trading pair on the daily chart posted a higher low on December 22, signalling a potential trend reversal and possible gains for ETH.

例如，日線圖上的 ETH/BTC 交易對在 12 月 22 日創下更高的低點，這表明 ETH 可能出現趨勢逆轉和上漲。

Additionally, weekly net inflows into Ethereum staking contracts have been increasing, indicating that more ETH is being locked up in staking. This reduction in the circulating supply could create upward pressure on Ethereum's price.

此外，以太坊質押合約的每週淨流入量一直在增加，表明更多的 ETH 被鎖定在質押中。流通供應量的減少可能會對以太坊的價格造成上行壓力。

However, veteran crypto analyst Ali Martinez anticipates a slight delay in Ethereum's next move up. At press time, ETH trades at $3,363, down 2.7% in the past 24 hours.

然而，資深加密貨幣分析師阿里馬丁內斯預計以太坊的下一步上漲將略有延遲。截至發稿，ETH 交易價格為 3,363 美元，過去 24 小時下跌 2.7%。