隨著機構信心的增長

加密貨幣市場正在見證機構投資的歷史激增，美國現貨比特幣交易所交易基金（ETF）

U.S. spot bitcoin exchange-traded funds (ETFs) hit a record-high $109 billion in assets under management (AUM) by late April, according to data from The Block.

根據該街區的數據，到4月下旬，美國現貨比特幣交易所交易基金（ETF）在管理層（AUM）中達到了創紀錄的10090億美元資產。

The milestone comes as the cryptocurrency market experiences a historic surge in institutional investment.

里程碑是因為加密貨幣市場經歷了機構投資的歷史激增。

Since their launch in early 2024, bitcoin ETFs have reached an all-time high with over $41 billion in inflows, according to X. As of May 8, investors channeled new capital into these funds, pushing the total to this record-breaking figure.

自2024年初推出以來，比特幣ETF達到了歷史最高的高度，據X.X。截至5月8日，投資者將新資本轉移到這些基金中，將總數推向了這一創紀錄的數字。

The largest spot bitcoin ETF, iShares Bitcoin Trust (IBIT) by BlackRock, has attracted $6.96 billion in year-to-date inflows, outpacing even the world’s largest gold ETF, SPDR Gold Trust (GLD), which saw $6.5 billion in inflows. This performance highlights institutional investors’ preference for bitcoin despite its modest 3.8% price gain compared to gold’s 29% surge this year.

貝萊德（Blackrock）的iShares比特幣信託（IBIT）最大的現貨比特幣ETF吸引了69.6億美元的年度流入，甚至超過了世界上最大的黃金ETF，SPDR Gold Trust（GLD），其中有65億美元的流入。這種表現強調了機構投資者對比特幣的偏愛，儘管價格適中3.8％，而今年Gold的29％漲幅。

This record-high AUM for bitcoin ETFs comes amid persistent rumors of an upcoming approval for an ETF linked to the DeFi sector, further expanding the possibilities for institutional crypto engagement.

這是比特幣ETF的創紀錄的AUM，這是因為持續的謠言即將批准與Defi行業相關的ETF，從而進一步擴大了機構加密參與的可能性。

The record-high AUM for bitcoin ETFs comes amid persistent rumors of an upcoming approval for an ETF linked to the DeFi sector, expanding the possibilities for institutional crypto engagement.

比特幣ETF的創紀錄的AUM是在持續的謠言中，即即將獲得與Defi行業相關的ETF的持續謠言，從而擴大了機構加密參與的可能性。

While bitcoin ETFs continue to grab headlines, spot ethereum ETFs are also experiencing notable success.

儘管比特幣ETF繼續佔據頭條新聞，但現場以太坊ETF也取得了顯著的成功。

In early May, ethereum ETFs saw significant net inflows, recovering from an eight-week streak of outflows. This marks the first positive weekly inflow since February, reflecting a broader cryptocurrency market rally and signaling renewed confidence from investors.

5月初，以太坊ETF看到了大量的淨流入，從八週的流出條紋中恢復過來。這標誌著自2月以來的第一個積極的每周流入，這反映了更廣泛的加密貨幣市場集會和信號增強了投資者的信心。

As of May 8, the total AUM for U.S.-listed ethereum ETFs reached $4.3 billion, a fraction of the $109 billion held by bitcoin ETFs. However, this figure is still substantial and signifies the growing appeal of ethereum among institutional investors.

截至5月8日，美國上市的以太坊ETF的總AUM達到43億美元，這是比特幣ETF持有的1009億美元的一小部分。但是，這個數字仍然很重要，表明以太坊在機構投資者中的吸引力日益增加。

Among the most popular choices is BlackRock’s Ethereum ETF (ETHA), which has attracted a large portion of the capital, contributing to the fund’s growing AUM, which is now in the billions.

最受歡迎的選擇之一是貝萊德（Blackrock）的以太坊ETF（ETHA），它吸引了首都的很大一部分，這促成了該基金不斷增長的AUM，該基金現在已經在數十億美元。

Despite earlier challenges, including March’s significant outflows, the recent surge highlights ethereum’s appeal as an institutional investment, fueled by its robust ecosystem and Pectra upgrades.

儘管較早的挑戰，包括3月的大量流出，但最近的激增凸顯了以太坊作為機構投資的吸引力，其強大的生態系統和Pectra升級所推動。

While bitcoin ETFs still dwarf their ethereum counterparts in size, the recent performance of ethereum ETFs signals a shift as institutions increasingly recognize ethereum’s potential as a core holding in the crypto market.

儘管比特幣ETF仍然使以太坊的大小相形見,，但最近的以太坊ETF的表現會發生轉變，因為機構越來越認識到以太坊在加密市場中的核心持有。

Rising Institutional Trust Fuels ETF Inflows

機構信任燃料ETF的不斷上升

Bitcoin, with its established narrative as digital gold, continues to dominate, leading to greater interest and, consequently, larger inflows into bitcoin ETFs compared to ethereum.

與以太坊相比，比特幣以數字黃金為既定的敘述繼續占主導地位，從而導致更大的興趣，從而導致更大的流入到比特幣ETF中。

The record inflows into both bitcoin and ethereum ETFs highlight a structural shift in the financial landscape, pushing institutions to increasingly include cryptocurrencies in their portfolio strategies.

該記錄流入比特幣和以太坊ETF中，突出了金融景觀的結構性轉變，將機構推向了越來越多的加密貨幣，其投資組合策略。

Macroeconomic factors, such as persistent inflation, a weakening U.S. dollar, and expectations of renewed quantitative easing by the Federal Reserve, are also attributed to this trend.

宏觀經濟因素，例如持續的通貨膨脹，美元減弱以及對美聯儲更新量化寬鬆的期望，也歸因於這一趨勢。

As reported by BTC Markets' Rachael Lucas, these inflows reflect a "maturing role" for bitcoin and ether in diversified portfolios.

正如BTC Markets的Rachael Lucas報導的那樣，這些流入反映了比特幣和以太幣在多元化投資組合中的“成熟角色”。

Moreover, global adoption is steadily progressing, with countries like the UAE, Singapore, and Hong Kong launching their spot bitcoin and ethereum ETFs, further legitimizing cryptocurrencies as an asset class despite short-term volatility, such as bitcoin's 12% price drop in Q1 2025. Ultimately, the sustained inflows attest to institutional optimism.

此外，全球採用率正在穩步發展，阿聯酋，新加坡和香港等國家推出了他們的現貨比特幣和以太坊ETF，進一步將加密貨幣作為資產類別合法化，儘管短期波動，例如，比特幣在第1季度2025年的12％價格下跌，最終的流入。