比特幣 (BTC) ETF 飆升至新高度，而以太幣 (ETH) ETF 面臨低迷

以加密貨幣為中心的交易所交易基金（ETF）領域正在見證巨大的分化。比特幣（BTC）ETF已飆升至新高

Bitcoin (BTC) Exchange-Traded Funds (ETFs) experienced a strong start to 2024, attracting a total of $307 million in inflows during the first week of January. This surge in investment highlights growing confidence in BTC as a stable store of value amid persistent macroeconomic uncertainties.

比特幣 (BTC) 交易所交易基金 (ETF) 2024 年開局強勁，1 月第一週共吸引 3.07 億美元資金流入。這種投資激增凸顯出，在宏觀經濟持續不確定的情況下，人們對比特幣作為穩定價值儲存手段的信心不斷增強。

Among the Bitcoin spot ETFs, BlackRock’s IBIT ETF led the way, pulling in an impressive $498 million in capital. This performance underscores Bitcoin’s rising prominence among institutional investors.

在比特幣現貨 ETF 中，貝萊德的 IBIT ETF 處於領先地位，吸引了令人印象深刻的 4.98 億美元資金。這一表現凸顯了比特幣在機構投資者中日益突出的地位。

However, the broader trend was not entirely positive for all Bitcoin ETFs. The Ark & 21 Shares ARKB ETF experienced net outflows of $202 million, revealing that certain funds are still grappling with challenges in retaining investor capital.

然而，對於所有比特幣 ETF 來說，整體趨勢並不完全樂觀。 Ark & 21 Shares ARKB ETF 淨流出 2.02 億美元，顯示某些基金仍在努力應對保留投資者資本的挑戰。

In a contrasting development, Ethereum (ETH) ETFs faced significant difficulties, recording net outflows of $186 million over the same period. This marks a continuation of ETH’s recent struggles to maintain investor enthusiasm.

與此形成鮮明對比的是，以太幣 (ETH) ETF 面臨嚴重困難，同期淨流出 1.86 億美元。這標誌著 ETH 最近繼續努力維持投資者的熱情。

While BlackRock’s ETHA ETF managed to secure modest inflows of $124 million, Fidelity’s FETH ETF saw significant outflows totaling $276 million. These contrasting results highlight Ethereum’s current uphill battle in the ETF market.

儘管貝萊德 (BlackRock) 的 ETHA ETF 成功獲得了 1.24 億美元的適度流入，但富達 (Fidelity) 的 FETH ETF 卻出現了總計 2.76 億美元的大幅流出。這些對比鮮明的結果突顯了以太坊目前在 ETF 市場上的艱苦戰鬥。

An analysis of ETF flow data reveals that Ethereum inflows have been declining since late 2024. This shift in sentiment seems to be driven by investor concerns over staking risks, DeFi dominance, and increased competition from emerging layer-1 networks.

對 ETF 流量數據的分析顯示，自 2024 年底以來，以太坊流入量一直在下降。

Bitcoin’s sustained capital inflows signal its rising reputation as a safe-haven asset. Institutional confidence led by financial giants such as BlackRock is bolstering the narrative of BTC’s dominance.

比特幣的持續資本流入標誌著其作為避險資產的聲譽不斷提高。由貝萊德等金融巨頭領導的機構信心正在支撐比特幣的主導地位。

On the other hand, Ethereum faces growing pressure to address concerns and reaffirm its position as a competitive investment. Despite being the second-largest cryptocurrency by market cap, ETH’s declining popularity raises questions about its long-term viability.

另一方面，以太坊面臨越來越大的壓力，需要解決問題並重申其作為競爭性投資的地位。儘管 ETH 是市值第二大的加密貨幣，但其受歡迎程度的下降引發了人們對其長期生存能力的質疑。

These ETF flows have broader implications for the crypto market. Bitcoin’s strong inflows highlight its potential role as a hedge against market volatility, appealing to both institutional and retail investors.

這些 ETF 流量對加密貨幣市場有更廣泛的影響。比特幣的強勁流入凸顯了其對沖市場波動的潛在作用，對機構投資者和散戶投資者都有吸引力。

Meanwhile, Ethereum’s challenges underscore the importance of building stronger narratives to regain investor confidence. With traditional financial institutions like BlackRock playing a growing role in the market, the interplay between institutional influence and crypto’s foundational principles continues to shape the evolving landscape.

同時，以太坊面臨的挑戰凸顯了建立更強有力的敘事以重拾投資人信心的重要性。隨著貝萊德等傳統金融機構在市場中發揮越來越大的作用，機構影響力和加密貨幣基本原則之間的相互作用繼續塑造不斷變化的格局。