随着机构信心的增长

加密货币市场正在见证机构投资的历史激增，美国现货比特币交易所交易基金（ETF）

U.S. spot bitcoin exchange-traded funds (ETFs) hit a record-high $109 billion in assets under management (AUM) by late April, according to data from The Block.

根据该街区的数据，到4月下旬，美国现货比特币交易所交易基金（ETF）在管理层（AUM）中达到了创纪录的10090亿美元资产。

The milestone comes as the cryptocurrency market experiences a historic surge in institutional investment.

里程碑是因为加密货币市场经历了机构投资的历史激增。

Since their launch in early 2024, bitcoin ETFs have reached an all-time high with over $41 billion in inflows, according to X. As of May 8, investors channeled new capital into these funds, pushing the total to this record-breaking figure.

自2024年初推出以来，比特币ETF达到了历史最高的高度，据X.X。截至5月8日，投资者将新资本转移到这些基金中，将总数推向了这一创纪录的数字。

The largest spot bitcoin ETF, iShares Bitcoin Trust (IBIT) by BlackRock, has attracted $6.96 billion in year-to-date inflows, outpacing even the world’s largest gold ETF, SPDR Gold Trust (GLD), which saw $6.5 billion in inflows. This performance highlights institutional investors’ preference for bitcoin despite its modest 3.8% price gain compared to gold’s 29% surge this year.

贝莱德（Blackrock）的iShares比特币信托（IBIT）最大的现货比特币ETF吸引了69.6亿美元的年度流入，甚至超过了世界上最大的黄金ETF，SPDR Gold Trust（GLD），其中有65亿美元的流入。这种表现强调了机构投资者对比特币的偏爱，尽管价格适中3.8％，而今年Gold的29％涨幅。

This record-high AUM for bitcoin ETFs comes amid persistent rumors of an upcoming approval for an ETF linked to the DeFi sector, further expanding the possibilities for institutional crypto engagement.

这是比特币ETF的创纪录的AUM，这是因为持续的谣言即将批准与Defi行业相关的ETF，从而进一步扩大了机构加密参与的可能性。

The record-high AUM for bitcoin ETFs comes amid persistent rumors of an upcoming approval for an ETF linked to the DeFi sector, expanding the possibilities for institutional crypto engagement.

比特币ETF的创纪录的AUM是在持续的谣言中，即即将获得与Defi行业相关的ETF的持续谣言，从而扩大了机构加密参与的可能性。

While bitcoin ETFs continue to grab headlines, spot ethereum ETFs are also experiencing notable success.

尽管比特币ETF继续占据头条新闻，但现场以太坊ETF也取得了显着的成功。

In early May, ethereum ETFs saw significant net inflows, recovering from an eight-week streak of outflows. This marks the first positive weekly inflow since February, reflecting a broader cryptocurrency market rally and signaling renewed confidence from investors.

5月初，以太坊ETF看到了大量的净流入，从八周的流出条纹中恢复过来。这标志着自2月以来的第一个积极的每周流入，这反映了更广泛的加密货币市场集会和信号引起了投资者的信心。

As of May 8, the total AUM for U.S.-listed ethereum ETFs reached $4.3 billion, a fraction of the $109 billion held by bitcoin ETFs. However, this figure is still substantial and signifies the growing appeal of ethereum among institutional investors.

截至5月8日，美国上市的以太坊ETF的总AUM达到43亿美元，这是比特币ETF持有的1009亿美元的一小部分。但是，这个数字仍然很重要，表明以太坊在机构投资者中的吸引力日益增加。

Among the most popular choices is BlackRock’s Ethereum ETF (ETHA), which has attracted a large portion of the capital, contributing to the fund’s growing AUM, which is now in the billions.

最受欢迎的选择之一是贝莱德（Blackrock）的以太坊ETF（ETHA），它吸引了首都的很大一部分，这促成了该基金不断增长的AUM，该基金现在已经在数十亿美元。

Despite earlier challenges, including March’s significant outflows, the recent surge highlights ethereum’s appeal as an institutional investment, fueled by its robust ecosystem and Pectra upgrades.

尽管较早的挑战，包括3月的大量流出，但最近的激增凸显了以太坊作为机构投资的吸引力，其强大的生态系统和Pectra升级所推动。

While bitcoin ETFs still dwarf their ethereum counterparts in size, the recent performance of ethereum ETFs signals a shift as institutions increasingly recognize ethereum’s potential as a core holding in the crypto market.

尽管比特币ETF仍然使以太坊的大小相形见,，但最近的以太坊ETF的表现会发生转变，因为机构越来越认识到以太坊在加密市场中的核心持有。

Rising Institutional Trust Fuels ETF Inflows

机构信任燃料ETF的不断上升

Bitcoin, with its established narrative as digital gold, continues to dominate, leading to greater interest and, consequently, larger inflows into bitcoin ETFs compared to ethereum.

与以太坊相比，比特币以数字黄金为既定的叙述继续占主导地位，从而导致更大的兴趣，从而导致更大的流入到比特币ETF中。

The record inflows into both bitcoin and ethereum ETFs highlight a structural shift in the financial landscape, pushing institutions to increasingly include cryptocurrencies in their portfolio strategies.

该记录流入比特币和以太坊ETF中，突出了金融景观的结构性转变，将机构推向了越来越多的加密货币，其投资组合策略。

Macroeconomic factors, such as persistent inflation, a weakening U.S. dollar, and expectations of renewed quantitative easing by the Federal Reserve, are also attributed to this trend.

宏观经济因素，例如持续的通货膨胀，美元减弱以及对美联储更新量化宽松的期望，也归因于这一趋势。

As reported by BTC Markets' Rachael Lucas, these inflows reflect a "maturing role" for bitcoin and ether in diversified portfolios.

正如BTC Markets的Rachael Lucas报道的那样，这些流入反映了比特币和以太币在多元化投资组合中的“成熟角色”。

Moreover, global adoption is steadily progressing, with countries like the UAE, Singapore, and Hong Kong launching their spot bitcoin and ethereum ETFs, further legitimizing cryptocurrencies as an asset class despite short-term volatility, such as bitcoin's 12% price drop in Q1 2025. Ultimately, the sustained inflows attest to institutional optimism.

此外，全球采用率正在稳步发展，阿联酋，新加坡和香港等国家推出了他们的现货比特币和以太坊ETF，进一步将加密货币作为资产类别合法化，尽管短期波动，例如，比特币在第1季度2025年的12％价格下跌，最终的流入。