以太坊现货 ETF 令人失望

多只以太坊现货ETF的推出，为更广泛的加密货币市场带来了巨大的期望。加密货币分析师预测，此次上市将带来

The launch of several Ethereum spot ETFs created great expectations in the broader cryptocurrency market. Crypto analysts predicted that the listing would bring in a significant influx of institutional capital. Ultimately, this would lead to a rally in the price of Ethereum’s native token (ETH).

多只以太坊现货ETF的推出，为更广泛的加密货币市场带来了巨大的期望。加密货币分析师预测，此次上市将带来机构资本的大量涌入。最终，这将导致以太坊原生代币（ETH）的价格上涨。

Things didn’t work out that way, at least not yet. The second most important cryptocurrency by market cap responded by falling. As a result, investor reaction was the opposite of what was expected. According to 10x Research, this signals a shift in market trends.

事情并没有这样发展，至少现在还没有。按市值计算第二重要的加密货币的反应是下跌。结果，投资者的反应与预期相反。据 10x Research 称，这标志着市场趋势的转变。

In a recent report, the firm’s experts detailed several factors and noted that some of the coin’s behavior is normal. It follows a familiar pattern that was also seen with BTC when its respective spot market products were introduced.

在最近的一份报告中，该公司的专家详细介绍了几个因素，并指出代币的某些行为是正常的。它遵循了一种熟悉的模式，在推出各自的现货市场产品时，比特币也出现了这种模式。

It looks like the experts who thought that 20% of the Bitcoin ETF flows would mirror in Ethereum spot ETFs got it wrong.

那些认为 20% 的比特币 ETF 流量将反映在以太坊现货 ETF 中的专家似乎错了。

The most significant factor is the outflows from the Grayscale fund. This is made worse by the current weakness in the cryptocurrency market and speculative trends.

最重要的因素是灰度基金的资金流出。当前加密货币市场的疲软和投机趋势使情况变得更糟。

Ethereum Spot ETFs Cause Crypto Market Drop

以太坊现货 ETF 导致加密货币市场下跌

A look at ETH ETF data on the Farside Investors portal shows key elements of the liquidations. These are sales from the Grayscale ETHE fund’s seed capital. The remaining funds (8) from other issuers show positive total flows.

Farside Investors 门户网站上的 ETH ETF 数据显示了清算的关键要素。这些是来自 Grayscale ETHE 基金种子资本的销售。来自其他发行人的剩余资金 (8) 的总流量为正。

Even though this reading came in, investors in the cryptocurrency market got disappointed and sold off a lot of their holdings. This caused the price of ETH to drop to $3,170 per coin at the time of writing. This is an 8.31% drop in 24 hours, according to CoinMarketCap data.

尽管出现了这一数据，加密货币市场的投资者还是感到失望，并抛售了大量持仓。这导致 ETH 的价格在撰写本文时跌至每枚 3,170 美元。根据 CoinMarketCap 数据，24 小时内下跌 8.31%。

This negative sentiment had an immediate knock-on effect on other digital currencies. Thus, Bitcoin’s price dropped again to $64,200 per token. Other coins that had been performing well couldn’t withstand the pressure.

这种负面情绪立即对其他数字货币产生了连锁反应。因此，比特币的价格再次下跌至每枚 64,200 美元。其他原本表现良好的币种也无法承受压力。

It’s worth mentioning that the spot ETH ETFs weren’t the only ones affected by this drop. Their negative performance likely made them, not the cause, but the victims of another significant element.

值得一提的是，现货 ETH ETF 并不是唯一受到此次下跌影响的。他们的消极表现很可能不是原因，而是另一个重要因素的受害者。

As we reported recently, on July 25, Mt. Gox creditors would have full control of their funds.

正如我们最近报道的，7 月 25 日，Mt. Gox 债权人将完全控制他们的资金。

This last scenario has people worried that there’ll be a huge sell-off because of all the money involved.

最后一种情况让人们担心，由于涉及的资金太多，将会出现大规模抛售。