以太坊 ETF 的開端好壞參半

第一款現貨以太幣 ETF 的推出是加密貨幣領域的大事。然而，這些資金的進入並沒有產生預期的熱情。

The launch of the first spot Ethereum ETFs was a highly anticipated event in the crypto world. However, the entry of these funds into the market failed to generate the expected enthusiasm.

首隻現貨以太坊 ETF 的推出是加密世界備受期待的事件。然而，這些資金的進入並沒有產生預期的熱情。

Despite these difficult beginnings, some market players remain optimistic about the potential of these new financial instruments.

儘管起步困難，一些市場參與者仍然對這些新金融工具的潛力持樂觀態度。

Mixed beginnings for Ethereum ETFs

以太坊 ETF 的開端好壞參半

Following SEC approval, nine companies quickly launched spot Ethereum ETFs. But the initial performance fell short of expectations.

在 SEC 批准後，九家公司迅速推出了以太坊 ETF 現貨。但最初的表現卻沒有達到預期。

Several of these funds experienced a difficult launch. For instance, the Franklin Ethereum ETF (EZET) saw a drop of around 10% from its launch. Grayscale's Ethereum ETF (ETHE) also witnessed a significant drop in its assets under management, which fell notably from over $9 billion to $7.4 billion.

其中一些基金的發行經歷了困難。例如，富蘭克林以太坊 ETF (EZET) 自推出以來下跌了約 10%。 Grayscale 的以太坊 ETF (ETHE) 管理的資產也大幅下降，從超過 90 億美元大幅下降至 74 億美元。

On the other hand, Grayscale's Ethereum Mini Trust (ETH) recently saw an increase in capital inflows. The same goes for BlackRock's iShares Ethereum Trust (ETHA). The ETHA fund attracted around $71 million, while the Mini Trust raised $58 million. These competing funds seem to be benefiting from better investor acceptance, seeking to minimize costs while remaining exposed to Ethereum.

另一方面，灰階的以太坊迷你信託（ETH）最近出現了資本流入的增加。貝萊德的 iShares 以太坊信託 (ETHA) 也是如此。 ETHA 基金吸引了約 7,100 萬美元，而 Mini Trust 則籌集了 5,800 萬美元。這些競爭基金似乎受益於投資者更好的接受度，尋求最大限度地降低成本，同時保持對以太坊的投資。

Future prospects for these funds

這些基金的未來前景

David Mann, head of ETF products and capital markets at Franklin Templeton, expressed moderate expectations regarding these new products: “We think they will be successful, but it is unlikely that they will reach the same level of assets as Bitcoin ETFs.”

富蘭克林鄧普頓 ETF 產品和資本市場主管 David Mann 對這些新產品表達了溫和的預期：“我們認為它們會成功，但它們不太可能達到與比特幣 ETF 相同的資產水平。”

This statement reflects caution about the reception of Ethereum ETFs, as the market is still assessing their potential.

這項聲明反映出人們對以太坊 ETF 的接受持謹慎態度，因為市場仍在評估其潛力。

However, Ben Johnson of Morningstar provided a balanced perspective, explaining that the volumes observed for these ETFs are proportional to Ethereum's size compared to Bitcoin.

然而，晨星公司的本·約翰遜（Ben Johnson）提供了一個平衡的觀點，解釋說觀察到的這些 ETF 的交易量與以太坊（與比特幣相比）的規模成正比。

“There is a healthy appetite, healthy volume, healthy demand,” he stated, emphasizing that Ethereum ETFs could gradually gain popularity and adoption, despite their timid beginnings.

他表示：「有健康的胃口、健康的交易量和健康的需求。」他強調，以太坊 ETF 可能會逐漸受到歡迎和採用，儘管一開始還很謹慎。

Ethereum ETFs have certainly not yet reached the resounding success of Bitcoin ETFs. But despite their hesitant start, these funds offer a practical and cost-effective way for investors to access the crypto market.

以太坊 ETF 當然尚未取得比特幣 ETF 的巨大成功。儘管起步猶豫不決，但這些基金為投資者進入加密市場提供了一種實用且經濟高效的方式。

The future of these products will depend on Ethereum's ability to maintain its market position and investors' interest in diversifying their portfolios with digital assets. Hopefully, the situation will change this week!

這些產品的未來將取決於以太坊維持其市場地位的能力以及投資者對數位資產多樣化投資組合的興趣。希望本週情況會有所改變！

Maximize your Cointribune experience with our 'Read to Earn' program! Earn points for each article you read and gain access to exclusive rewards. Sign up now and start accruing benefits.

透過我們的「閱讀賺錢」計畫最大化您的 Cointribune 體驗！您閱讀的每篇文章均可賺取積分並獲得獨家獎勵。立即註冊並開始累積福利。

A Sciences Po Toulouse graduate and holder of a blockchain consultant certification from Alyra, I joined the Cointribune team in 2019.

我是圖盧茲政治學院的畢業生，擁有 Alyra 的區塊鏈顧問認證，於 2019 年加入 Cointribune 團隊。

vinced of blockchain's potential to revolutionize multiple sectors of the economy, I am committed to raising awareness and informing the general public about this ever-evolving ecosystem.

我堅信區塊鏈具有徹底改變經濟多個部門的潛力，因此致力於提高公眾對這個不斷發展的生態系統的認識並讓其了解。

My goal is to enable everyone to better understand blockchain and seize the opportunities it offers. Every day, I strive to provide an objective analysis of the news, decipher market trends, relay the latest technological innovations, and put the economic and societal issues of this ongoing revolution into perspective.

我的目標是讓每個人都能更了解區塊鏈並抓住它所提供的機會。每天，我都努力提供客觀的新聞分析，解讀市場趨勢，傳達最新的技術創新，並正確看待這場正在進行的革命的經濟和社會問題。