分析师称，在资金流入现货 ETF 的推动下，以太币今年晚些时候将达到 6500 美元

加密货币市场对即将在美国推出现货以太坊（ETH）交易所交易基金（ETF）过于悲观

Steno Research is predicting that ether will hit at least $6,500 later this year, thanks to strong inflows into spot ETFs.

Steno Research 预测，由于大量资金流入现货 ETF，以太币今年晚些时候将达到至少 6,500 美元。

The crypto market is being overly pessimistic about the imminent launch of spot ether (ETH) exchange-traded funds (ETFs) in the U.S., and net inflows could hit $20 billion in the first year, Steno Research said in a report on Thursday.

Steno Research 在周四的一份报告中表示，加密市场对即将在美国推出现货以太坊 (ETH) 交易所交易基金 (ETF) 过于悲观，第一年净流入可能达到 200 亿美元。

This is because ether has qualities that appeal to Wall Street, such as being the second-largest cryptocurrency by market capitalization and having strong institutional demand.

这是因为以太坊具有吸引华尔街的品质，例如按市值计算是第二大加密货币并且具有强劲的机构需求。

“We continue to forecast a net inflow between $15 billion and $20 billion in the first 12 months, even considering the outflow from the Grayscale Ethereum Trust (ETHE),” senior analyst Mads Eberhardt wrote, adding that this should drive the value of ether higher, in dollar terms and also relative to bitcoin (BTC).

高级分析师 Mads Eberhardt 写道：“即使考虑到灰度以太坊信托基金 (ETHE) 的流出，我们仍然预测前 12 个月的净流入量将在 150 亿至 200 亿美元之间。”他补充说，这应该会推动以太币的价值走高，以美元计算，也相对于比特币（BTC）而言。

Ether is predicted to reach at least $6,500 later this year due to these expected inflows to spot ETFs, plus additional tailwinds, the report said.

报告称，由于现货 ETF 的预期资金流入以及额外的有利因素，预计今年晚些时候以太坊价格将至少达到 6,500 美元。

Spot ether ETFs are on the cusp of becoming available for trading in the U.S. after the Securities and Exchange Commission (SEC) greenlighted filings from issuers last month.

自上个月美国证券交易委员会 (SEC) 批准发行人提交的文件后，现货以太 ETF 即将在美国上市交易。

Once the S-1 filings are approved the new products will start trading, and this could happen as soon as next week according to reports.

据报道，一旦 S-1 申请获得批准，新产品将开始交易，最快可能在下周开始交易。

If the estimated spot ether ETF inflows are correct, the ether/bitcoin ratio should strengthen to 0.065 later this year, Steno said.

Steno 表示，如果预计以太坊 ETF 现货流入量正确，今年晚些时候以太币/比特币比率应会升至 0.065。

“A smaller inflow into ether ETFs compared to bitcoin ETFs will have a greater impact on ether due to its lower market capitalization and substantially poorer liquidity,” and as a result of this inflows into ETH spot ETFS are more likely to surprise to the upside than the downside, the report added.

“与比特币 ETF 相比，流入以太坊 ETF 的资金较少，将对以太坊产生更大的影响，因为其市值较低且流动性大幅较差。”因此，流入 ETH 现货 ETF 的资金更有可能比比特币 ETF 出现意外上涨。报告补充道，缺点是。

Steno is more bullish on the outlook for spot ether ETFs flows than others. Galaxy (GLXY) Research said spot ether ETFs could see $5 billion of net inflows in the first five months. Asset Manager Bitwise predicted $15 billion of net inflows in the first 18 months.

Steno 比其他人更看好以太坊 ETF 现货流动的前景。 Galaxy (GLXY) Research 表示，现货以太坊 ETF 可能在前五个月内出现 50 亿美元的净流入。 Asset Manager Bitwise 预测前 18 个月净流入 150 亿美元。