以太ETF燃燒比特幣：新的流入王？

Ether ETF正在滾動，在比特幣ETF看到流出時會增加創紀錄的流入。這是加密貨幣主導地位的轉變嗎？

Ether ETFs Blaze Past Bitcoin: A New Inflow King?

以太ETF燃燒比特幣：新的流入王？

The crypto world is buzzing with a surprising twist: Ether ETFs are stealing the spotlight! While Bitcoin ETFs are experiencing outflows, Ether ETFs are on a record-breaking inflow streak, signaling a potential shift in investor sentiment. Buckle up, because things are getting interesting.

加密世界令人驚訝地嗡嗡作響：Ether ETF正在搶下聚光燈！儘管比特幣ETF正在經歷流出，但Ether ETF處於創紀錄的流入紀錄中，這表明投資者情緒的潛在轉變。係好，因為事情變得越來越有趣。

Ether ETFs: Riding the Wave of Inflows

以太ETF：乘以流入的浪潮

Ether ETFs have been on a tear, securing their 20th consecutive day of net inflows as of late July 2025. This impressive streak highlights the growing confidence in Ethereum, driven by network upgrades and its expanding role in DeFi and smart contracts. BlackRock's ETHA and Fidelity's FETH are leading the charge, pulling in significant investments. July saw a staggering $5.43 billion flow into Ether ETFs, a whopping 369% increase from June! This surge propelled total net assets across all spot Ether ETFs to a cool $21.52 billion.

Ether ETF一直流淚，截至2025年7月下旬，Ether ETF連續第20天保持了淨流入。這種令人印象深刻的連勝突顯了網絡升級及其在DEFI和智能合約中的不斷擴大的作用，對以太坊的信心日益增強。貝萊德（BlackRock）的莎（Etha）和富達（Fidelity）的費斯（Feth）領導了這一指控，投入了大量投資。 7月，Ether ETF的流量達到了驚人的54.3億美元，比6月增長了369％！這次激增推動了所有現貨ETF的總淨資產，至215.2億美元。

Bitcoin ETFs: A Temporary Setback?

比特幣ETF：臨時挫折？

Meanwhile, Bitcoin ETFs faced a reversal of fortune, experiencing a $115 million outflow. Heavy outflows from funds like Ark 21Shares' ARKB and Fidelity's FBTC contributed to this shift. While long-term fundamentals for Bitcoin remain strong, analysts suggest that profit-taking and macroeconomic factors may be influencing this short-term correction. It seems even the king can have a bad day!

同時，比特幣ETF面臨著財富的逆轉，經歷了1.15億美元的流出。 ARK 21Shares的ARKB和Fidelity的FBTC等資金的大量流出促成了這一轉變。雖然比特幣的長期基本面仍然很強，但分析師表明，獲利和宏觀經濟因素可能會影響這種短期糾正。似乎即使是國王也可以度過糟糕的一天！

What's Driving the Divergence?

是什麼推動了分歧？

The contrasting performance of Ether and Bitcoin ETFs points to a broader shift in market sentiment. Ethereum's ongoing developments, like the Merge and its increasing adoption in DeFi, are attracting both institutional and retail investors. The continuous inflows into Ether ETFs have also helped stabilize ETH's price, offering a buffer against market volatility.

以太和比特幣ETF的對比性能表明，市場情緒更為變化。以太坊的持續發展，例如合併及其在Defi的越來越多的採用，都吸引了機構和零售投資者。連續流入Ether ETF也有助於穩定ETH的價格，為市場波動提供緩衝。

Ethena's USDe: A Rising Star

Ethena的USDE：一顆後起之秀

Adding another layer to the story, Ethena's synthetic stablecoin, USDe, has exploded in popularity, surpassing $8.4 billion in supply. Its growth has even outpaced flows into BlackRock’s Bitcoin and Ether ETFs! This surge highlights the innovative financial instruments emerging within the crypto space.

Ethena的合成Stablecoin（USDE）在這個故事中增加了另一層，在受歡迎程度上爆炸了，超過了84億美元的供應。它的增長甚至超過了貝萊德的比特幣和以太ETF的流動！這次激增強調了加密貨幣領域中出現的創新金融工具。

The Bigger Picture

更大的圖片

The ETF landscape is constantly evolving. Ether ETFs are demonstrating their potential as a viable alternative investment within the crypto market. This trend reflects a growing acceptance of Ethereum as an asset class within traditional finance. Could Ether ETFs solidify Ethereum's position as a core holding in diversified crypto portfolios?

ETF景觀在不斷發展。 Ether ETF證明了它們作為加密貨幣市場中可行的替代投資的潛力。這種趨勢反映了以太坊越來越接受傳統金融中的資產類別。 Ether ETF能否鞏固以太坊作為多元化加密投資組合中的核心持有的地位？

My Take: While Bitcoin remains the dominant force in crypto, Ethereum's advancements and the performance of Ether ETFs suggest a promising future. Investors are diversifying, and Ethereum is proving to be a strong contender. However, as always, remember to do your own research before making any investment decisions.

我的看法是：儘管比特幣仍然是加密貨幣的主要力量，但以太坊的進步和Ether ETF的表現表明了前途的前途。投資者正在多元化，以太坊被證明是強大的競爭者。但是，與往常一樣，請記住在做出任何投資決策之前進行自己的研究。

The Takeaway

外賣

So, what does this all mean? Ether ETFs are having a moment, and Bitcoin ETFs are taking a breather. The crypto market is dynamic, full of surprises and opportunities. Who knows what tomorrow will bring? One thing's for sure: it's never a dull moment in the world of crypto!

那麼，這全是什麼意思？ Ether ETF有片刻，比特幣ETF正在喘口氣。加密市場充滿活力，充滿了驚喜和機遇。誰知道明天會帶來什麼？可以肯定的是：這絕不是加密世界中的沉悶時刻！