以太坊创下比特币初始交易量的 50%

新推出的基于以太坊的 ETF 公布了令人印象深刻的数字，前 15 分钟内的总交易量达到 1.12 亿美元。

The first-ever spot Ethereum exchange-traded funds (ETFs) commenced trading in the U.S. on Tuesday morning at 9:30 a.m. EST.

有史以来第一个以太坊现货交易所交易基金 (ETF) 于美国东部时间周二上午 9:30 开始交易。

A total of seven physical bitcoin ETFs began trading on the New York Stock Exchange Arca on Monday, marking a significant milestone in the cryptocurrency’s mainstream integration. The ETFs, launched by asset managers including ProShares, VanEck, and First Trust, opened trading at a rapid pace, generating a combined trading volume of $330 billion by the end of the first day.

周一，共有七只实物比特币 ETF 在纽约证券交易所 Arca 开始交易，标志着加密货币主流整合的一个重要里程碑。由 ProShares、VanEck 和 First Trust 等资产管理公司推出的 ETF 开盘速度很快，首日收盘时总交易量达到 3300 亿美元。

In comparison, the group of newly launched Ethereum-based ETFs posted a total trading volume of $112 million within the first 15 minutes. This volume is notable, representing over half of what Bitcoin ETFs achieved on their first day, yet it surpasses many expectations for a typical ETF launch.

相比之下，新推出的基于以太坊的 ETF 在前 15 分钟内的总交易量为 1.12 亿美元。这一成交量引人注目，占比特币 ETF 第一天成交量的一半以上，但它超出了许多对典型 ETF 推出的预期。

Prominent analyst Eric Balchunas highlighted that this volume is substantial compared to other ETF launches but still trails behind the explosive debut of Bitcoin ETFs. Grayscale, specifically, has outperformed early in the trading session, indicating a strong investor interest in ETH ETF market.

著名分析师 Eric Balchunas 强调，与其他 ETF 发行相比，这一交易量相当可观，但仍落后于比特币 ETF 的爆炸性首发。具体来说，Grayscale 在交易时段早期表现优于大盘，表明投资者对 ETH ETF 市场有浓厚的兴趣。

"ETH ETFs are trading at a high volume, ranking around 15th overall (e.g., TLT, EEM), putting them in the top 1% of traded ETFs. In contrast to typical ETF launches that might see $1 mln in volume on their first day, each ETF here is trading at 50x that," noted Eric, further emphasizing the significance of these numbers.

“ETH ETF 的交易量很高，总体排名约为 15 位（例如 TLT、EEM），使它们跻身交易 ETF 的前 1%。与典型的 ETF 相比，典型的 ETF 发行首日交易量可能达到 100 万美元，这里每只 ETF 的交易价格都是这个数字的 50 倍，”Eric 指出，并进一步强调了这些数字的重要性。

As the trading session progresses, a closer examination reveals that each of the seven Ethereum spot ETFs is trading above $100 million in volume, while the largest ETF, $PETH, has already crossed the $200 million mark.

随着交易时段的进行，仔细检查后发现，七只以太坊现货 ETF 的交易量均超过 1 亿美元，而最大的 ETF $PETH 的交易量已突破 2 亿美元大关。

In stark contrast to typical ETF launches, which rarely see volumes exceeding $1 million on their first day, each ETF in this group has significantly exceeded that benchmark.

典型的 ETF 发行首日交易量很少超过 100 万美元，与此形成鲜明对比的是，该组中的每只 ETF 都显着超过了这一基准。

However, the rising bearish threat to ETH price cannot be overlooked. The launch of spot Ethereum ETFs may also present a temporary setback, as outflows from the Grayscale Ether Trust could weaken market sentiment.

然而，ETH 价格不断上升的看跌威胁不容忽视。现货以太坊 ETF 的推出也可能会带来暂时的挫折，因为灰度以太信托基金的资金流出可能会削弱市场情绪。

Similar to the experience with Bitcoin ETFs, investors might transfer their funds to options that offer lower fees. As a result, ETH price might head toward a crash.

与比特币 ETF 的经历类似，投资者可能会将资金转移到费用较低的期权上。因此，ETH 价格可能会崩溃。

The Grayscale Ethereum Trust ETF (ETHE) evolved from the original Grayscale Ethereum Trust and currently manages about $9 billion in ether. Another challenge that could plunge demand for spot Ethereum ETFs is the lack of staking rewards. Directly holding ether offers the significant benefit of staking, which enables investors to earn rewards, enhancing its appeal.

灰度以太坊信托 ETF (ETHE) 由最初的灰度以太坊信托演变而来，目前管理着约 90 亿美元的以太币。另一个可能导致以太坊 ETF 现货需求下降的挑战是缺乏质押奖励。直接持有以太币具有质押的显着优势，可以让投资者获得奖励，增强其吸引力。

Also read: Ethereum Foundation Dumps ETH Ahead of ETF Launch: Shady Strategy in Action?

另请阅读：以太坊基金会在 ETF 推出前抛售 ETH：幕后策略在行动吗？

ETFs offer a regulated and convenient way for institutional investors to access Ethereum, but retail investors and those seeking higher returns may choose to hold Ethereum directly to capitalize on staking rewards.

ETF 为机构投资者提供了一种受监管且便捷的方式来访问以太坊，但散户投资者和寻求更高回报的投资者可能会选择直接持有以太坊以获取质押奖励。

Investors interested in staking are typically more familiar with cryptocurrencies and comfortable managing their own custody. For those who prefer not to handle Ethereum directly, these ETFs provide an ideal means to benefit from asset appreciation, even in the absence of staking yields.

对质押感兴趣的投资者通常更熟悉加密货币，并且能够轻松管理自己的托管。对于那些不想直接处理以太坊的人来说，这些 ETF 提供了一种从资产升值中受益的理想方式，即使在没有质押收益的情况下也是如此。