以太坊 ETF 吸引越来越多的兴趣，引发比特币 ETF 资金外流，引发山寨币季节投机

自 12 月 19 日以来，比特币 ETF 一直在应对大量资金外流，截至撰写本文时，资金外流总额已超过 11 亿美元。

US spot Bitcoin (BTC) exchange-traded funds (ETFs) encountered substantial outflows on December 23, totalling $226 million, while Ethereum ETFs experienced inflows of $130 million.

12 月 23 日，美国现货比特币 (BTC) 交易所交易基金 (ETF) 遭遇大幅资金流出，总计 2.26 亿美元，而以太坊 ETF 则流入 1.3 亿美元。

This stark contrast in net flows between the two ETFs has sparked discussions among crypto analysts regarding the possibility of an impending altcoin season.

两只 ETF 之间净流量的鲜明对比引发了加密货币分析师关于即将到来的山寨币季节可能性的讨论。

Capital Flow Shifts from Bitcoin ETFs to Ethereum ETFs

资金流向从比特币 ETF 转向以太坊 ETF

Bitcoin ETFs have been facing significant outflows since December 19, with the total outflows amounting to over $1.1 billion at the time of writing. This trend follows 15 consecutive days of inflows, during which Bitcoin ETFs' total net assets increased from $100 billion to $121 billion.

自 12 月 19 日以来，比特币 ETF 一直面临大量资金流出，截至撰写本文时，资金流出总额超过 11 亿美元。这一趋势是在连续 15 天流入之后出现的，在此期间，比特币 ETF 的总净资产从 1000 亿美元增加到 1210 亿美元。

On December 19 alone, Bitcoin ETFs experienced outflows of $680 million – the largest single-day outflows since the introduction of Bitcoin ETFs earlier this year – decreasing their total net assets to $105 billion.

仅 12 月 19 日，比特币 ETF 就经历了 6.8 亿美元的资金流出——这是自今年早些时候引入比特币 ETF 以来最大的单日资金流出——其总净资产减少至 1050 亿美元。

A major contributor to this decline was Grayscale's GBTC fund, which sold 1,870 BTC over a three-day period.

造成这一下降的主要原因是 Grayscale 的 GBTC 基金，该基金在三天内卖出了 1,870 BTC。

While some market analysts attribute the recent outflows to profit-taking, others believe this trend could indicate a shift in investors' sentiment towards the flagship cryptocurrency.

虽然一些市场分析师将最近的资金外流归因于获利了结，但其他人认为这一趋势可能表明投资者对旗舰加密货币的情绪发生了转变。

In particular, there seems to be a significant capital reallocation from Bitcoin ETFs to Ethereum ETFs.

特别是，资本似乎从比特币 ETF 重新分配到以太坊 ETF。

Supporting this observation, Ethereum ETFs have been garnering increasing interest, which is reflected in the recent inflow data.

支持这一观察的是，以太坊 ETF 引起了越来越多的兴趣，这反映在最近的流入数据中。

According to figures from SoSoValue, Ethereum ETFs received $130 million in inflows on December 23, the same day that Bitcoin ETFs reported outflows of $226 million.

根据 SoSoValue 的数据，以太坊 ETF 于 12 月 23 日收到 1.3 亿美元的流入，同一天比特币 ETF 报告流出 2.26 亿美元。

The rising capital inflows into Ethereum ETFs are not surprising, given the growing institutional interest in the second-largest cryptocurrency by market capitalization.

鉴于机构对市值第二大加密货币的兴趣日益浓厚，流入以太坊 ETF 的资本不断增加并不令人意外。

A recent report highlighted that BlackRock's iShares Ethereum Trust ETF has collected over a million ETH.

最近的一份报告强调，贝莱德的 iShares 以太坊信托 ETF 已收集了超过 100 万 ETH。

Bullish Sentiment for Ethereum Builds Up

以太坊看涨情绪增强

Despite Ethereum lagging behind other cryptocurrencies like Solana (SOL), SUI, and XRP for a large part of the year, analysts anticipate that the tides might be shifting in ETH's favour.

尽管以太坊在今年的大部分时间里落后于 Solana (SOL)、SUI 和 XRP 等其他加密货币，但分析师预计趋势可能会向有利于 ETH 的方向转变。

One key factor contributing to this optimism is the decreasing Bitcoin dominance, which many perceive as a precursor to the much-anticipated "altcoin season."

促成这种乐观情绪的一个关键因素是比特币主导地位的下降，许多人认为这是备受期待的“山寨币季节”的前兆。

Furthermore, bullish technical indicators are fuelling positive sentiment regarding Ethereum's price.

此外，看涨的技术指标正在激发人们对以太坊价格的积极情绪。

For example, the ETH/BTC trading pair on the daily chart posted a higher low on December 22, signalling a potential trend reversal and possible gains for ETH.

例如，日线图上的 ETH/BTC 交易对在 12 月 22 日创下更高的低点，这表明 ETH 可能出现趋势逆转和上涨。

Additionally, weekly net inflows into Ethereum staking contracts have been increasing, indicating that more ETH is being locked up in staking. This reduction in the circulating supply could create upward pressure on Ethereum's price.

此外，以太坊质押合约的每周净流入量一直在增加，表明更多的 ETH 被锁定在质押中。流通供应量的减少可能会对以太坊的价格造成上行压力。

However, veteran crypto analyst Ali Martinez anticipates a slight delay in Ethereum's next move up. At press time, ETH trades at $3,363, down 2.7% in the past 24 hours.

然而，资深加密货币分析师阿里·马丁内斯预计以太坊的下一步上涨将略有延迟。截至发稿，ETH 交易价格为 3,363 美元，过去 24 小时下跌 2.7%。