Galaxy Digital 預測以太幣 (ETH) ETF 將如何與比特幣 (BTC) ETF 相媲美

根據該公司研究副總裁 Charles Yu 的一篇新研究文章，以太坊 ETF 的資金流入將佔類似比特幣產品的約三分之一。

A crypto firm by the name of Galaxy Digital is making some predictions on how Ethereum (ETH) exchange-traded funds (ETFs) will fare in comparison to Bitcoin (BTC) ETFs.

一家名為 Galaxy Digital 的加密貨幣公司正在對以太坊 (ETH) 交易所交易基金 (ETF) 與比特幣 (BTC) ETF 的表現進行一些預測。

The firm’s vice president of research, Charles Yu, recently penned a research post that suggests Ethereum ETFs will attract approximately one-third of the inflows seen by comparable Bitcoin products.

該公司研究副總裁 Charles Yu 最近發表了一篇研究文章，顯示以太坊 ETF 將吸引同類比特幣產品約三分之一的資金流入。

To arrive at this estimate, Yu’s team reportedly compared the two assets’ market capitalization, open interest levels and volume in futures markets, and the total assets under management (AUM) across existing funds.

據報道，為了得出這一估計，Yu 的團隊比較了兩種資產的市值、期貨市場的未平倉合約水準和交易量，以及現有基金的管理總資產 (AUM)。

Here's a snippet from the post:

這是該貼文的一個片段：

“Based on the above, we think that ether spot ETF inflows will be approximately 3x less than US spot bitcoin ETF inflows (in line with the cap multiple) with a range of 2x to 5x. In other words, we think that ether spot ETF inflows could be 33% the size of US spot bitcoin ETF inflows with a range of 20% to 50% of size in dollars.

「基於上述情況，我們認為以太坊現貨 ETF 流入量將比美國現貨比特幣 ETF 流入量少約 3 倍（與上限倍數一致），範圍為 2 至 5 倍。換句話說，我們認為以太坊現貨 ETF 流入量可能是美國現貨比特幣 ETF 流入量的 33%，其中以美元計算的流入量約為 20% 至 50%。

Applying this multiple to $15bn of bitcoin spot ETF inflows through June 15 would imply monthly ETH ETF inflows of ~$1.0bn for the first five months following ether ETF approval and launch (est. range: $600m to $1.5bn / per month).”

將這一倍應用於截至6 月15 日的150 億美元比特幣現貨ETF 流入量，意味著以太坊ETF 獲得批准和推出後的前五個月，每月ETH ETF 流入量約為10 億美元（預計範圍：每月6 億美元至15 億美元）。

Yu also maintains that the introduction of ETH ETFs is likely to have a net positive effect on ETH markets for three primary reasons:

Yu 也認為，ETH ETF 的推出可能會對 ETH 市場產生淨正面影響，主要原因有三：

“(i) expanded accessibility across wealth segments,

「(i) 擴大各個財富領域的可及性，

(ii) greater acceptance through formal recognition by regulators and trusted financial services brands. An ETF enables greater reach for both retail and institutions, provides wider distribution through more investment channels, and can support the case for ether in a portfolio to be used across more investment strategies.

(ii) 透過監管機構和值得信賴的金融服務品牌的正式認可獲得更高的接受度。 ETF 可以擴大零售和機構的影響力，透過更多的投資管道提供更廣泛的分銷，並可以支援投資組合中的以太幣在更多投資策略中使用。

In addition, a greater understanding of Ethereum by financial professionals would ideally result in accelerated investments and adoption of the technology.”

此外，金融專業人士對以太坊的進一步了解將理想地促進該技術的投資和採用。