儲備，BTC ETF和ETH ETF的證明：透明度和機構採用的新時代

探索儲量證明，BTC ETF和ETH ETF的最新趨勢，強調了透明度的提高和對加密貨幣的機構信心的增長。

Proof of Reserves, BTC ETFs, and ETH ETFs: A New Era of Transparency and Institutional Adoption

儲備，BTC ETF和ETH ETF的證明：透明度和機構採用的新時代

The crypto world is buzzing with activity around Proof of Reserves, BTC ETFs, and ETH ETFs, signaling a significant shift in how institutions and individuals perceive and interact with digital assets.

加密世界圍繞儲備，BTC ETF和ETH ETF的活動嗡嗡作響，這表明機構和個人如何看待和與數字資產相互作用發生了重大變化。

Proof of Reserves: Building Trust in the Crypto Ecosystem

儲備證明：建立對加密生態系統的信任

Proof of Reserves (PoR) has emerged as a critical practice for cryptocurrency exchanges, aiming to enhance transparency and user trust. KuCoin, for example, has completed its 32nd consecutive PoR audit, demonstrating a commitment to financial integrity. Conducted by Hacken, the audit revealed that KuCoin holds reserves exceeding user assets, with 110% of BTC and ETH, 114% of USDT, and 112% of USDC in reserve. This level of transparency is vital for reassuring users that their funds are secure, especially after events like the FTX collapse.

儲備證明（POR）已成為加密貨幣交換的關鍵實踐，旨在提高透明度和用戶信任。例如，Kucoin連續第32次完成了POR審計，並證明了對金融誠信的承諾。由Hacken進行的審計顯示，Kucoin持有的儲量超過用戶資產，BTC和ETH的110％，114％的USDT和112％的USDC儲備。這種透明度對於讓用戶確保其資金安全至關重要，尤其是在FTX崩潰之類的事件之後。

KuCoin even provides a Merkle Tree-based tool for users to verify their balances within the reserve calculations, showcasing their dedication to user empowerment. This proactive approach is part of KuCoin's $2 billion Trust Project, aimed at strengthening third-party verification and enhancing wallet-level security.

Kucoin甚至為用戶提供了基於默克爾樹的工具，可以在儲備金計算中驗證其餘額，從而展示其對用戶授權的奉獻精神。這種積極主動的方法是Kucoin耗資20億美元的信託項目的一部分，旨在加強第三方驗證並增強錢包級安全性。

BTC ETFs: Institutional Interest and Market Stability

BTC ETF：機構利益和市場穩定性

Bitcoin ETFs continue to show strength, with significant inflows indicating sustained institutional interest. On one particular Wednesday, US-based spot Bitcoin ETFs recorded a combined $388.3 million in inflows, marking the eighth consecutive day of net positive capital flows. BlackRock’s iShares Bitcoin Trust (IBIT) led the way with $278.9 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $104.4 million. These inflows underscore the growing acceptance of Bitcoin as a legitimate asset class, contributing to its resilience amid macroeconomic uncertainty and geopolitical tensions.

比特幣ETF繼續顯示出強度，大量流入表明機構的興趣持續。在一個特定的星期三，美國的現貨比特幣ETF記錄了總計3.883億美元的流入，標誌著連續第八天的淨正資本流量。貝萊德（Blackrock）的iShares比特幣信託（IBIT）以2.789億美元的價格領先，其次是富達（Fidelity）的明智起源比特幣基金（FBTC），以1.044億美元的價格領先。這些流入強調了比特幣作為合法資產類別的越來越多，在宏觀經濟不確定性和地緣政治緊張局勢的情況下促進了其韌性。

Bitwise is also stepping up its transparency game for its spot Bitcoin ETF. Instead of listing numerous wallet addresses, The Network Firm will confirm on-chain holdings daily. Furthermore, Bitwise plans to add daily CPA-attested reports verifying both asset balances and fund liabilities, providing a more comprehensive approach to transparency.

Bitwise還正在加強其現貨比特幣ETF的透明遊戲。網絡公司沒有列出眾多的錢包地址，而是每天確認鏈上的持有。此外，Bitwise計劃添加每日CPA的報告報告，以驗證資產餘額和資金負債，從而提供更全面的透明度方法。

ETH ETFs: A New Frontier for Institutional Investment

ETH ETF：機構投資的新領域

The U.S. spot ETH ETFs have seen remarkable net inflows, signaling a robust shift in institutional sentiment towards Ethereum. Between July 7 and 11, these ETFs recorded an astonishing $908.1 million in net inflows, demonstrating growing confidence in Ethereum as a valuable asset class. Spot ETH ETFs hold the actual underlying asset, making them attractive to institutional investors seeking direct exposure to Ethereum's potential.

美國現場ETF的淨流入很大，表明機構情緒向以太坊發生了牢固的轉變。在7月7日至11日之間，這些ETF記錄了令人驚訝的9.081億美元的淨流入，表明對以太坊的信心越來越多，作為寶貴的資產類別。現貨ETH ETF持有實際的潛在資產，使其對尋求直接接觸以太坊潛力的機構投資者有吸引力。

BlackRock’s ETHA fund has been a standout performer, accounting for a significant portion of the total inflows. This success solidifies the notion that major financial players are serious about crypto investment, potentially accelerating Ethereum’s journey towards becoming a cornerstone of the global financial infrastructure.

貝萊德（Blackrock）的Etha基金一直是傑出的表演者，佔總流入的很大一部分。這一成功鞏固了這樣一個觀念，即主要金融參與者認真對加密投資很認真，這可能會加快以太坊成為全球金融基礎設施基石的旅程。

Personal Thoughts

個人想法

It's exciting to see the crypto space maturing with increased transparency and institutional involvement. Proof of Reserves is no longer a nice-to-have but a must-have for exchanges looking to build trust. And with the success of BTC and ETH ETFs, it's clear that institutional investors are ready to dive deeper into the digital asset world. For instance, BlackRock's ETHA fund's rapid success, mirroring their Bitcoin ETF, indicates that institutional capital isn't just testing the waters—it's making a splash.

看到加密貨幣空間隨著透明度和機構參與的提高而變得令人興奮。儲備證明不再是一個不錯的選擇，而是尋求建立信任的交流的必備品。隨著BTC和ETH ETF的成功，很明顯，機構投資者準備深入研究數字資產世界。例如，貝萊德（BlackRock）的ETHA基金的快速成功反映了他們的比特幣ETF，這表明機構資本不僅僅是測試水域，而且會引起轟動。

Looking Ahead

展望未來

As the crypto market continues to evolve, these trends—Proof of Reserves, BTC ETFs, and ETH ETFs—will likely play a crucial role in shaping its future. Increased transparency, sustained institutional interest, and growing mainstream acceptance point towards a more mature and integrated digital asset ecosystem.

隨著加密市場的不斷發展，這些趨勢（儲備金，BTC ETF和ETH ETF）的範圍可能在塑造其未來方面起著至關重要的作用。提高了透明度，持續的機構利益以及不斷增長的主流接受指向更成熟和綜合的數字資產生態系統。

So, keep your eyes peeled and your wallets ready—the future of crypto is looking brighter than ever! Who knows, maybe someday soon, we'll all be sipping lattes and trading crypto like it's just another day at the New York Stock Exchange. Until then, stay informed and stay curious!

因此，請保持眼睛剝落，並準備好錢包 - 加密貨幣的未來比以往任何時候都更加光明！誰知道，也許有一天，我們都會喝拿鐵咖啡和加密貨幣，就像紐約證券交易所的另一天一樣。在此之前，請保持知情並保持好奇！