两家主要投资公司以太坊支持仅比特币的战略

总部位于美国的咨询公司Two Prime完全放弃了以太坊，经过多年管理这两种资产后，转移到了仅比特币的战略。

U.S.-based advisory firm Two Prime has abandoned Ethereum entirely and shifted to a Bitcoin-only investment strategy, according to a recent announcement.

根据最近的公告，总部位于美国的咨询公司Two Prime完全放弃了以太坊，并转向了仅比特币的投资策略。

The firm, known for issuing over $1.5 billion in loans backed by BTC and ETH over the last 15 months, had previously included both assets in its portfolio. However, after a sharp decline in early 2025 and what the firm describes as a complete breakdown in the asset’s predictability, they decided to pull out of ETH completely. A post on their website detailing the decision is currently unavailable.

该公司因在过去15个月中发行由BTC和ETH支持的15亿美元贷款而闻名，此前曾在其投资组合中均纳入了这两个资产。但是，在2025年初的急剧下降以及该公司所描述的资产可预测性彻底破坏之后，他们决定完全退出ETH。他们的网站上的帖子详细介绍了该决定目前不可用。

Two Prime argued that after years of consistent behavior, Ethereum has begun trading more like a memecoin, displaying erratic behavior that renders it unsuitable for lending models or algorithmic strategies. Both of these depend on statistical consistency, which has now been compromised in the case of ETH, the firm added.

两个主要的说法，经过多年的一致行为，以太坊已经开始更像是一个模因，表现出不稳定的行为，使其不适合借用模型或算法策略。该公司补充说，这两者都取决于统计一致性，该公司在ETH的情况下已被妥协。

This pivot from Two Prime reflects broader skepticism towards Ethereum in institutional circles. Despite the approval of spot Ether ETFs in mid-2024, these products have failed to gain traction compared to Bitcoin.

这个来自两个素数的枢轴反映了对机构圈子中对以太坊的广泛怀疑。尽管在2024年中期获得了斑点ETHET的批准，但与比特币相比，这些产品仍未获得吸引力。

Indeed, several issuers—including VanEck, ARK, and WisdomTree—have scaled back or withdrawn their Ether-focused offerings amid weak demand and a lack of interest from institutional investors. In contrast, Bitcoin ETFs continue to attract capital.

确实，包括瓦内克（Vaneck），方舟和智慧（Wisdomtree）在内的几位发行人在需求疲软和机构投资者缺乏兴趣的情况下向后缩减或撤回了他们以醚为中心的产品。相比之下，比特币ETF继续吸引资本。

Despite this, Ethereum still holds the top spot among altcoins in the ETF market with $9.2 billion in assets under management, ahead of rivals like Solana and XRP. But Two Prime’s withdrawal adds to a growing list of institutions pulling away, as ETH continues to diverge from BTC in both price and perceived reliability.

尽管如此，以太坊仍然以92亿美元管理的资产在ETF市场中排名最高，领先于Solana和XRP等竞争对手。但是，随着ETH继续以价格和可感知的可靠性与BTC不同，两个Prime的撤回增加了越来越多的机构清单。

While critics of the move see it as premature—or even a signal that ETH is bottoming out—Two Prime appears confident in its shift, aligning its portfolio with what it views as the only asset still behaving according to long-term patterns: Bitcoin.

虽然对此举的批评者认为它是过早的，甚至是ETH正在触底的信号，但两个主要的信号似乎对其转变充满信心，将其投资组合与认为仍然是根据长期模式的唯一资产来使其对齐的投资组合：比特币。