ETF 批准后，超过 30 亿美元的以太币从交易所撤回，表明潜在的供应紧张

自 5 月 23 日美国批准现货以太币交易所交易基金 (ETF) 以来，价值超过 30 亿美元的以太币已从市场中撤出。

Following the approval of spot Ether exchange-traded funds (ETFs) in the United States on May 23, over $3 billion in Ether has exited centralized cryptocurrency exchanges, signaling a potential impending supply squeeze.

继 5 月 23 日美国批准现货以太币交易所交易基金 (ETF) 后，超过 30 亿美元的以太币已退出中心化加密货币交易所，这表明潜在的供应紧张即将到来。

According to data from CryptoQuant (via Cointelegraph), around 797,000 Ether were withdrawn from exchanges over May 23-June 2, equating to $3.02 billion.

根据 CryptoQuant（通过 Cointelegraph）的数据，5 月 23 日至 6 月 2 日期间，大约有 797,000 个以太币从交易所被撤回，相当于 30.2 亿美元。

This exchange outflow signifies a diminished quantity of coins available for purchase as investors proceed to移出 their coins from exchanges to self-custody for purposes beyond immediate trade.

这种交易所外流意味着可购买的代币数量减少，因为投资者继续将其代币从交易所转移到自我托管，以用于直接交易之外的目的。

Highlighting the significance of this exchange outflow, BTC-ECHO analyst Leon Waidmann, using Glassnode data, reported that the proportion of circulating Ether supply on exchanges has also dropped to its lowest levels in years, at a mere 10.6%.

BTC-ECHO 分析师 Leon Waidmann 使用 Glassnode 数据报告称，交易所流通的以太币供应比例也降至多年来的最低水平，仅为 10.6%，凸显了此次交易所流出的重要性。

Meanwhile, as reported by Bloomberg ETF analyst Eric Balchunas on May 30, Ether ETFs are now anticipated to launch by late June, with some analysts expressing optimism.

与此同时，据彭博 ETF 分析师 Eric Balchunas 5 月 30 日报道，以太坊 ETF 目前预计将在 6 月底推出，一些分析师对此表示乐观。

Due to heightened demand pressure, analysts anticipate that Ether may surpass its all-time high of $4,870 from November 2021 once spot Ether ETFs begin trading, in a scenario comparable to Bitcoin following the January launch of spot Bitcoin ETFs.

由于需求压力加大，分析师预计，一旦现货以太坊 ETF 开始交易，以太坊可能会从 2021 年 11 月起突破 4,870 美元的历史高点，这与 1 月份推出现货比特币 ETF 后的比特币情况类似。

Highlighting Ether's Favorable Demand Dynamics, a May 28 report by DeFi crypto analyst Michael Nadeau suggests that Ether may be facing greater demand pressures than Bitcoin due to the absence of comparable “structural sell pressure.”

DeFi 加密货币分析师 Michael Nadeau 5 月 28 日的一份报告强调了以太坊的有利需求动态，表明由于缺乏类似的“结构性抛售压力”，以太坊可能面临比比特币更大的需求压力。

This demand pressure is attributed to the fact that, unlike Bitcoin miners who may need to sell BTC to cover mining costs, Ethereum validators do not incur substantial operating expenses.

这种需求压力归因于这样一个事实：与可能需要出售 BTC 来支付挖矿成本的比特币矿工不同，以太坊验证器不会产生大量运营费用。

However, concerns remain regarding the potential impact of Grayscale's Ethereum Trust (ETHE), which holds over $11 billion in assets, on the price movement of Ether. This arises from the possibility of Grayscale distributing funds in a manner that mirrors the $6.5 billion disbursement during the first month following its approval, as was the case with the Grayscale Bitcoin Trust (GBTC) (CoinDesk).

然而，人们仍然担心灰度的以太坊信托（ETHE）对以太坊价格走势的潜在影响，该信托持有超过 110 亿美元的资产。这是因为灰度可能会以类似于获得批准后第一个月内 65 亿美元支出的方式分配资金，就像灰度比特币信托 (GBTC) (CoinDesk) 的情况一样。

At the time of writing, Ether is trading at $3,781, down 0.82% over the past 24 hours and roughly 23% from its all-time high, according to CoinMarketCap.

根据 CoinMarketCap 的数据，截至撰写本文时，以太币交易价格为 3,781 美元，在过去 24 小时内下跌 0.82%，较历史高点下跌约 23%。