隨著 ETF 獲批臨近，質押以太坊 (ETH) 接近歷史新高

Polymarket 投注者認為以太坊 ETF 在 7 月 26 日之前獲得批准的可能性為 90%。

A proposal to launch an ether (ETH) exchange-traded fund (ETF) in the U.S. has gained steam among bettors on prediction market Polymarket, with a 90% chance that the ETF will be approved by July 26.

在美國推出以太坊 (ETH) 交易所交易基金 (ETF) 的提案在預測市場 Polymarket 的投注者中獲得了支持，該 ETF 有 90% 的機會在 7 月 26 日之前獲得批准。

Meanwhile, data from on-chain analytics firm CryptoQuant shows that the total amount of ether staked has reached 33.3 million ETH, or 27.7% of the total supply, as of press time on Friday. This marks a slight increase from the 27.4% that was staked at the beginning of the year.

同時，鏈上分析公司 CryptoQuant 的數據顯示，截至週五發稿時，質押的以太幣總量已達 3,330 萬枚 ETH，佔總供應量的 27.7%。這比年初的 27.4% 略有增加。

"The total number of staked ETH has continued to increase and sits near its all-time high as it stands at 33.3 million ETH or 27.7% of the total supply," Julio Moreno, CryptoQuant's head of research, wrote in a note shared with CoinDesk.

CryptoQuant 研究主管 Julio Moreno 在與 CoinDesk 分享的一份報告中寫道：「抵押的 ETH 總數持續增加，接近歷史最高水平，達到 3330 萬枚 ETH，佔總供應量的 27.7%。」 。

As previously reported by CoinDesk, the approval of an ether ETF would be a major milestone for the cryptocurrency, which has seen several attempts to launch an ETF fail in the past. However, the recent approval of a bitcoin (BTC) ETF and the increasing demand for ether have raised hopes that an ether ETF could finally be approved.

正如 CoinDesk 先前報導的那樣，以太幣 ETF 的批准將是加密貨幣的一個重要里程碑，過去曾多次嘗試推出 ETF，但都以失敗告終。然而，最近比特幣 (BTC) ETF 的批准以及對以太坊需求的不斷增加，引發了人們對以太坊 ETF 最終獲得批准的希望。

Several asset managers, including Invesco, Galaxy Digital and VanEck, have filed applications with the U.S. Securities and Exchange Commission (SEC) to launch spot ether ETFs. These ETFs would track the price of ether in real time, unlike futures ETFs, which track the price of ether futures contracts.

Invesco、Galaxy Digital 和 VanEck 等多家資產管理公司已向美國證券交易委員會 (SEC) 提交了推出以太幣現貨 ETF 的申請。這些 ETF 將即時追蹤以太坊的價格，這與追蹤以太坊期貨合約價格的期貨 ETF 不同。

The applications are currently under review by the SEC, which has 45 days to approve, reject or delay the applications. If the applications are approved, the ether ETFs could begin trading on the New York Stock Exchange Arca as early as March 24.

這些申請目前正在接受 SEC 的審查，SEC 有 45 天的時間來批准、拒絕或推遲這些申請。如果申請獲得批准，以太坊 ETF 最早將於 3 月 24 日在紐約證券交易所 Arca 開始交易。

Moreno also highlighted that the increasing supply of ether, the second-largest cryptocurrency by market capitalization, suggests that it has returned to being an inflationary asset, which could hinder its ability to act as a store of value over time.

莫雷諾也強調，以太幣（按市值計算的第二大加密貨幣）的供應量不斷增加，表明它已重新成為一種通膨資產，這可能會隨著時間的推移阻礙其作為價值儲存手段的能力。

"ETH supply is growing again, although slowly. But the narrative of ultra-sound money has ended. The total supply is at its highest level since December 11, 23," Moreno wrote.

「ETH 供應量再次增長，儘管速度緩慢。但超音速貨幣的故事已經結束。總供應量達到 23 年 12 月 11 日以來的最高水平，」莫雷諾寫道。

"Spot trading volume data shows ETH is becoming as liquid as BTC, with ETH spot trading volume being 80%-90% of BTC in the last few weeks," he added.

他補充說：“現貨交易量數據顯示，ETH 的流動性正變得與 BTC 一樣，過去幾週 ETH 現貨交易量是 BTC 的 80%-90%。”

Data from CoinMetrics , on the other hand, shows that about 12% of ether's supply is being used in smart contracts or bridges that connect between blockchains. Between that amount and the tokens that are staked, roughly 40% of the cryptocurrency is "locked" and not being actively traded.

另一方面，CoinMetrics 的數據顯示，大約 12% 的以太幣供應用於連接區塊鏈的智慧合約或橋樑。在該金額和質押的代幣之間，大約 40% 的加密貨幣被「鎖定」並且沒有活躍交易。