比特幣（BTC）和以太幣（ETH）現貨ETF將不間斷的資金流入延續至新紀錄

ETH 交易所交易基金 (ETF) 不間斷的資金流入創下新紀錄，突顯出繼本週加密貨幣和傳統市場的動盪之後，對投資工具的持續需求。

U.S.-listed spot bitcoin exchange-traded funds (ETFs) have extended their record-breaking streak of daily net inflows, highlighting sustained demand for the investment vehicles following this week's jitters across both cryptocurrencies and traditional markets.

美國上市的現貨比特幣交易所交易基金（ETF）延續了創紀錄的每日淨流入記錄，突顯出在本週加密貨幣和傳統市場的動盪之後，對投資工具的持續需求。

For 15 consecutive days excluding weekends, the spot BTC ETFs trading in the U.S. have racked up daily net flows (the difference between inflows and outflows) averaging $448.5 million, data from SoSoValue shows.

SoSoValue 的數據顯示，連續 15 天（不包括週末）在美國進行的現貨 BTC ETF 交易每日淨流量（流入與流出之間的差額）平均達到 4.485 億美元。

Wayne Vaughan, CEO of blockchain tech firm Tierion, said on Thursday that BlackRock's spot bitcoin ETF, trading under the ticker $IBIT, is expected to surpass the SPDR Gold Shares ETF ($GLD) “within weeks.”

區塊鏈技術公司 Tierion 執行長 Wayne Vaughan 週四表示，貝萊德的現貨比特幣 ETF（交易代號為 $IBIT）預計將在「幾週內」超過 SPDR 黃金股 ETF ($GLD)。

“Bitcoin is overtaking gold faster than anyone expected,” Vaughan said.

「比特幣超越黃金的速度比任何人預期的都要快，」沃恩說。

Eric Balchunas, senior ETF analyst at Bloomberg, wrote on Friday that it's a “near lock that $IBIT passes $GLD as the king of store of value ETFs.”

彭博社高級 ETF 分析師 Eric Balchunas 週五寫道，“$IBIT 幾乎肯定會超過 $GLD，成為價值儲存 ETF 之王。”

The $IBIT fund currently has 78% of $GLD's assets, according to Balchunas.

據 Balchunas 稱，$IBIT 基金目前擁有 $GLD 資產的 78%。

The record streak for spot BTC ETFs comes as bitcoin mining firm MARA Holdings revealed on Thursday that it acquired 15,574 BTC for roughly $1.5 billion at $98,529 per bitcoin, with plans to acquire more.

比特幣挖礦公司 MARA Holdings 週四透露，該公司以約 15 億美元的價格收購了 15,574 枚 BTC，每股 98,529 美元，並計劃收購更多。

The company paid for the cryptocurrency using the proceeds from its $1.9 billion raise last month and in December from selling 0% convertible notes. According to a Wednesday filing with the U.S. Securities and Exchange Commission, MARA Holdings has 44,394 BTC, worth $4.4 billion at the current price.

該公司使用上個月籌集的 19 億美元資金以及去年 12 月出售 0% 可轉換票據的收益來支付加密貨幣的費用。根據週三向美國證券交易委員會提交的文件，MARA Holdings 擁有 44,394 枚比特幣，以當前價格計算價值 44 億美元。

The demand for bitcoin continues to rise as shown by the activity of accumulator addresses, or investors who buy bitcoin and have never sold, according to blockchain analytics firm CryptoQuant, in a report published Thursday.

區塊鏈分析公司 CryptoQuant 在周四發布的報告中表示，從累加器地址或購買比特幣但從未出售過的投資者的活動來看，對比特幣的需求持續上升。

“The balance of accumulator addresses is expanding at a record-high monthly rate of 495K Bitcoin,” according to CryptoQuant.

據 CryptoQuant 稱，「累加器地址的餘額正在以創紀錄的每月 49.5 萬比特幣的速度增長」。

CryptoQuant added that the demand has been predicated partly on expectations for a favorable regulatory environment when former President Donald Trump returns to the White House early next year.

CryptoQuant 補充說，這種需求部分是基於對前總統川普明年初重返白宮時對有利監管環境的預期。

Trump has affirmed his support for a U.S. government reserve of BTC, but states are also moving to stockpile the cryptocurrency.

川普已確認支持美國政府儲備比特幣，但各州也在採取行動儲存這種加密貨幣。

Ohio state representative Derek Merrin on Tuesday introduced the Ohio Bitcoin Reserve Act, which aims to establish a BTC fund in the state treasury, according to the politician's tweet on Tuesday.

根據週二發布的推文，俄亥俄州代表德里克梅林 (Derek Merrin) 週二推出了《俄亥俄州比特幣儲備法案》，該法案旨在在國庫中建立一個比特幣基金。

The extra demand has shrunken the supply of bitcoin easily available for sale to the lowest since October 2020.

額外的需求使易於出售的比特幣供應量減少至 2020 年 10 月以來的最低水準。

“Total sell-side liquidity is 3.397 million bitcoin today, the lowest level in more than four years,” according to CryptoQuant. “This includes bitcoin on exchanges, miners, OTC desks and GBTC.”

CryptoQuant 表示：“目前賣方流動性總額為 339.7 萬比特幣，這是四年多來的最低水平。” “這包括交易所、礦工、OTC 櫃檯和 GBTC 上的比特幣。”

Over-the-counter desks are witnessing their largest monthly reduction in bitcoin inventory this year so far, the report added.

報告補充說，場外交易櫃檯的比特幣庫存正經歷今年迄今最大的月度減少。

The current sell-side inventory can cover BTC demand for 6.6 months, down from 41 months at the start of October.

目前賣方庫存可滿足 6.6 個月的 BTC 需求，低於 10 月初的 41 個月。

”The amount of Bitcoin readily available for sale is shrinking even further relative to demand growth,” according to CryptoQuant.

CryptoQuant 表示：“相對於需求增長，可供出售的比特幣數量正在進一步減少。”

Ethereum Spot ETFs on a Roll Too

以太坊現貨 ETF 也不斷湧現

The nine spot Ethereum ETFs listed in the U.S. have had 18 straight days of net inflows. From Nov. 22 to Dec. 18, these spot ETH ETFs have had a total netflow of $2.4 billion, a stark contrast to negative readings that have predominated since the inception of the financial instruments, per SoSoValue.

在美國上市的9隻現貨以太坊ETF已連續18天淨流入。根據 SoSoValue 的數據，從 11 月 22 日到 12 月 18 日，這些現貨 ETH ETF 的總淨流量為 24 億美元，這與金融工具誕生以來一直占主導地位的負面讀數形成鮮明對比。

Cumulative netflows of spot ETH ETFs flipped positive in November for the first time since their July launch.

現貨 ETH ETF 的累積淨流量在 11 月出現自 7 月推出以來首次出現正值。

In another sign of demand for ETH, World Liberty Financial, a DeFi project backed by Trump and his family members, has been actively transacting on the Ethereum parent chain.

對 ETH 需求的另一個跡像是，由川普及其家族成員支持的 DeFi 項目 World Liberty Financial 一直在以太坊母鏈上積極進行交易。

On the first day of spot ETH ETFs' streak, World Liberty Financial had a balance of roughly $24 million, and as of Thursday, the Trump-linked project has a balance of $79 million, a nearly 230% jump, per on-chain data firm Arkham Intelligence.

根據鏈上數據，在現貨 ETH ETF 連續上漲的第一天，World Liberty Financial 的餘額約為 2,400 萬美元，截至週四，與川普相關的項目的餘額為 7,900 萬美元，成長了近 230%阿卡姆情報公司。

With ETH making up almost 68% of its total balance, World Liberty Financial also holds the Ethereum-based tokens wBTC, USDC, USDT, AAVE, LINK, ENA and ONDO, collectively exceeding $25 million.

ETH 佔其總餘額的近 68%，World Liberty Financial 也持有基於以太坊的代幣 wBTC、USDC、USDT、AAVE、LINK、ENA 和 ONDO，總計超過 2500 萬美元。

Markets Shed Value in the Last 24 Hours

市場在過去 24 小時內貶值

Despite the inflows for U.S.-listed spot BTC and ETH ETFs, the two cryptocurrencies have dropped in the last 24 hours. Bitcoin dipped 4.6% in the last 24 hours to trade below $97,000 on crypto exchange Binance, while ether dropped harder, slipping 8.5% in the same period to under $3,380 on

儘管美國上市的現貨 BTC 和 ETH ETF 有資金流入，但這兩種加密貨幣在過去 24 小時內仍然下跌。過去 24 小時內，加密貨幣交易所幣安 (Binance) 上的比特幣下跌 4.6%，跌破 97,000 美元，而以太坊跌幅更大，同期下跌 8.5%，跌破 3,380 美元。