以太ETF燃烧比特币：新的流入王？

Ether ETF正在滚动，在比特币ETF看到流出时会增加创纪录的流入。这是加密货币主导地位的转变吗？

Ether ETFs Blaze Past Bitcoin: A New Inflow King?

以太ETF燃烧比特币：新的流入王？

The crypto world is buzzing with a surprising twist: Ether ETFs are stealing the spotlight! While Bitcoin ETFs are experiencing outflows, Ether ETFs are on a record-breaking inflow streak, signaling a potential shift in investor sentiment. Buckle up, because things are getting interesting.

加密世界令人惊讶地嗡嗡作响：Ether ETF正在抢下聚光灯！尽管比特币ETF正在经历流出，但Ether ETF处于创纪录的流入纪录中，这表明投资者情绪的潜在转变。系好，因为事情变得越来越有趣。

Ether ETFs: Riding the Wave of Inflows

以太ETF：乘以流入的浪潮

Ether ETFs have been on a tear, securing their 20th consecutive day of net inflows as of late July 2025. This impressive streak highlights the growing confidence in Ethereum, driven by network upgrades and its expanding role in DeFi and smart contracts. BlackRock's ETHA and Fidelity's FETH are leading the charge, pulling in significant investments. July saw a staggering $5.43 billion flow into Ether ETFs, a whopping 369% increase from June! This surge propelled total net assets across all spot Ether ETFs to a cool $21.52 billion.

Ether ETF一直流泪，截至2025年7月下旬，Ether ETF连续第20天保持了净流入。这种令人印象深刻的连胜突显了网络升级及其在DEFI和智能合约中的不断扩大的作用，对以太坊的信心日益增强。贝莱德（BlackRock）的莎（Etha）和富达（Fidelity）的费斯（Feth）领导了这一指控，投入了大量投资。 7月，Ether ETF的流量达到了惊人的54.3亿美元，比6月增长了369％！这次激增推动了所有现货ETF的总净资产，至215.2亿美元。

Bitcoin ETFs: A Temporary Setback?

比特币ETF：临时挫折？

Meanwhile, Bitcoin ETFs faced a reversal of fortune, experiencing a $115 million outflow. Heavy outflows from funds like Ark 21Shares' ARKB and Fidelity's FBTC contributed to this shift. While long-term fundamentals for Bitcoin remain strong, analysts suggest that profit-taking and macroeconomic factors may be influencing this short-term correction. It seems even the king can have a bad day!

同时，比特币ETF面临着财富的逆转，经历了1.15亿美元的流出。 ARK 21Shares的ARKB和Fidelity的FBTC等资金的大量流出促成了这一转变。虽然比特币的长期基本面仍然很强，但分析师表明，获利和宏观经济因素可能会影响这种短期纠正。似乎即使是国王也可以度过糟糕的一天！

What's Driving the Divergence?

是什么推动了分歧？

The contrasting performance of Ether and Bitcoin ETFs points to a broader shift in market sentiment. Ethereum's ongoing developments, like the Merge and its increasing adoption in DeFi, are attracting both institutional and retail investors. The continuous inflows into Ether ETFs have also helped stabilize ETH's price, offering a buffer against market volatility.

以太和比特币ETF的对比性能表明，市场情绪更为变化。以太坊的持续发展，例如合并及其在Defi的越来越多的采用，都吸引了机构和零售投资者。连续流入Ether ETF也有助于稳定ETH的价格，为市场波动提供缓冲。

Ethena's USDe: A Rising Star

Ethena的USDE：一颗后起之秀

Adding another layer to the story, Ethena's synthetic stablecoin, USDe, has exploded in popularity, surpassing $8.4 billion in supply. Its growth has even outpaced flows into BlackRock’s Bitcoin and Ether ETFs! This surge highlights the innovative financial instruments emerging within the crypto space.

Ethena的合成Stablecoin（USDE）在这个故事中增加了另一层，在受欢迎程度上爆炸了，超过了84亿美元的供应。它的增长甚至超过了贝莱德的比特币和以太ETF的流动！这次激增强调了加密货币领域中出现的创新金融工具。

The Bigger Picture

更大的图片

The ETF landscape is constantly evolving. Ether ETFs are demonstrating their potential as a viable alternative investment within the crypto market. This trend reflects a growing acceptance of Ethereum as an asset class within traditional finance. Could Ether ETFs solidify Ethereum's position as a core holding in diversified crypto portfolios?

ETF景观在不断发展。 Ether ETF证明了它们作为加密货币市场中可行的替代投资的潜力。这种趋势反映了以太坊越来越接受传统金融中的资产类别。 Ether ETF能否巩固以太坊作为多元化加密投资组合中的核心持有的地位？

My Take: While Bitcoin remains the dominant force in crypto, Ethereum's advancements and the performance of Ether ETFs suggest a promising future. Investors are diversifying, and Ethereum is proving to be a strong contender. However, as always, remember to do your own research before making any investment decisions.

我的看法是：尽管比特币仍然是加密货币的主要力量，但以太坊的进步和Ether ETF的表现表明了前途的前途。投资者正在多元化，以太坊被证明是强大的竞争者。但是，与往常一样，请记住在做出任何投资决策之前进行自己的研究。

The Takeaway

外卖

So, what does this all mean? Ether ETFs are having a moment, and Bitcoin ETFs are taking a breather. The crypto market is dynamic, full of surprises and opportunities. Who knows what tomorrow will bring? One thing's for sure: it's never a dull moment in the world of crypto!

那么，这全是什么意思？ Ether ETF有片刻，比特币ETF正在喘口气。加密市场充满活力，充满了惊喜和机遇。谁知道明天会带来什么？可以肯定的是：这绝不是加密世界中的沉闷时刻！