Galaxy Digital 预测以太坊 (ETH) ETF 将如何与比特币 (BTC) ETF 相媲美

根据该公司研究副总裁 Charles Yu 的一篇新研究文章，以太坊 ETF 的资金流入将占类似比特币产品的大约三分之一。

A crypto firm by the name of Galaxy Digital is making some predictions on how Ethereum (ETH) exchange-traded funds (ETFs) will fare in comparison to Bitcoin (BTC) ETFs.

一家名为 Galaxy Digital 的加密货币公司正在对以太坊 (ETH) 交易所交易基金 (ETF) 与比特币 (BTC) ETF 的表现进行一些预测。

The firm’s vice president of research, Charles Yu, recently penned a research post that suggests Ethereum ETFs will attract approximately one-third of the inflows seen by comparable Bitcoin products.

该公司研究副总裁 Charles Yu 最近发表了一篇研究文章，表明以太坊 ETF 将吸引同类比特币产品约三分之一的资金流入。

To arrive at this estimate, Yu’s team reportedly compared the two assets’ market capitalization, open interest levels and volume in futures markets, and the total assets under management (AUM) across existing funds.

据报道，为了得出这一估计，Yu 的团队比较了两种资产的市值、期货市场的未平仓合约水平和交易量，以及现有基金的管理总资产 (AUM)。

Here's a snippet from the post:

这是该帖子的一个片段：

“Based on the above, we think that ether spot ETF inflows will be approximately 3x less than US spot bitcoin ETF inflows (in line with the cap multiple) with a range of 2x to 5x. In other words, we think that ether spot ETF inflows could be 33% the size of US spot bitcoin ETF inflows with a range of 20% to 50% of size in dollars.

“基于上述情况，我们认为以太坊现货 ETF 流入量将比美国现货比特币 ETF 流入量少约 3 倍（与上限倍数一致），范围为 2 至 5 倍。换句话说，我们认为以太坊现货 ETF 流入量可能是美国现货比特币 ETF 流入量的 33%，其中以美元计算的流入量约为 20% 至 50%。

Applying this multiple to $15bn of bitcoin spot ETF inflows through June 15 would imply monthly ETH ETF inflows of ~$1.0bn for the first five months following ether ETF approval and launch (est. range: $600m to $1.5bn / per month).”

将这一倍数应用于截至 6 月 15 日的 150 亿美元比特币现货 ETF 流入量，意味着以太坊 ETF 获批和推出后的前五个月，每月 ETH ETF 流入量约为 10 亿美元（预计范围：每月 6 亿美元至 15 亿美元）。 ”

Yu also maintains that the introduction of ETH ETFs is likely to have a net positive effect on ETH markets for three primary reasons:

Yu 还认为，ETH ETF 的推出可能会对 ETH 市场产生净积极影响，原因有以下三个：

“(i) expanded accessibility across wealth segments,

“(i) 扩大各个财富领域的可及性，

(ii) greater acceptance through formal recognition by regulators and trusted financial services brands. An ETF enables greater reach for both retail and institutions, provides wider distribution through more investment channels, and can support the case for ether in a portfolio to be used across more investment strategies.

(ii) 通过监管机构和值得信赖的金融服务品牌的正式认可获得更高的接受度。 ETF 可以扩大零售和机构的影响力，通过更多的投资渠道提供更广泛的分销，并可以支持投资组合中的以太币在更多投资策略中使用。

In addition, a greater understanding of Ethereum by financial professionals would ideally result in accelerated investments and adoption of the technology.”

此外，金融专业人士对以太坊的进一步了解将理想地促进该技术的投资和采用。”