比特幣和以太坊 ETF 在成立之初經歷了顯著增長，吸引了 $38.3B 的淨流入

這項需求的絕大多數（約 80%）來自散戶。然而，分析師預測，到 2025 年，機構興趣將大幅成長。

Exchange-traded funds (ETFs) linked to Bitcoin and Ether, which are listed on exchanges in the United States, saw a strong start with a total of $38.3 billion in net inflows during their first year.

在美國交易所上市的與比特幣和以太幣掛鉤的交易所交易基金 (ETF) 開局強勁，第一年淨流入總額達 383 億美元。

Retail investors drove the bulk of this demand, accounting for roughly 80% of the inflows. However, analysts predict a substantial increase in institutional interest by 2025.

散戶推動了這項需求的大部分，約佔資金流入的 80%。然而，分析師預測，到 2025 年，機構興趣將大幅增加。

Breaking down the numbers further, spot Bitcoin ETFs alone attracted a massive $35.66 billion in net inflows, exceeding initial projections from industry experts. Among these ETFs, BlackRock’s iShares Bitcoin Trust ETF led the pack with inflows of $37.31 billion. Fidelity Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF also performed strongly, amassing $11.84 billion and $2.49 billion, respectively.

進一步細分數字，光是現貨比特幣 ETF 就吸引了 356.6 億美元的巨額淨流入，超出了行業專家的初步預測。在這些 ETF 中，貝萊德 (BlackRock) 的 iShares 比特幣信託 ETF 以 373.1 億美元的資金流入位居榜首。 Fidelity Wise Origin比特幣基金和ARK 21Shares比特幣ETF也表現強勁，分別募集118.4億美元和24.9億美元。

In a contrasting trend towards the end of the year, the spot Bitcoin ETFs experienced outflows of $1.33 billion since December 19. The iShares Bitcoin Trust ETF saw its largest single-day withdrawal on December 24, amounting to $188.7 million.

與年底形成鮮明對比的是，自12 月19 日以來，現貨比特幣ETF 經歷了13.3 億美元的資金流出。 。

Turning to Ether, these ETFs reported a total of $2.68 billion in net inflows following their launch on July 23. BlackRock’s iShares Ethereum Trust ETF and the Fidelity Ethereum Fund led the inflows with $3.52 billion and $1.56 billion, respectively. Notably, the Grayscale Ethereum Trust ETF conversion also contributed significantly, and if its data were excluded, the net inflows would be lower.

至於以太坊，這些 ETF 自 7 月 23 日推出以來，淨流入總額為 26.8 億美元。值得注意的是，灰階以太坊信託ETF轉換也貢獻顯著，如果排除其數據，淨流入將會更低。

Despite ETH underperforming BTC and Solana in 2024, Bitwise anticipates a strong recovery in 2025, projecting a potential high of $7,000. This optimism stems from increased activity on Ethereum layer 2 networks, improved liquidity thanks to spot Ether ETFs, and continued growth in stablecoin markets and real-world asset tokenization.

儘管 ETH 在 2024 年的表現遜色於 BTC 和 Solana，但 Bitwise 預計 2025 年將強勁復甦，預計將達到 7,000 美元的潛在高點。這種樂觀情緒源自於以太坊第 2 層網路活動的增加、現貨以太坊 ETF 帶來的流動性改善，以及穩定幣市場和現實世界資產代幣化的持續成長。