2025 年以太幣 ETF 的表現能否超越比特幣 ETF？

以太坊 [ETH] ETF 在 12 月取得了顯著的成長勢頭，累計淨流入 26 億美元。這一激增凸顯了製度性的不斷增加

Ethereum [ETH] ETFs gained remarkable momentum in December, accumulating $2.6 billion in net inflows, highlighting the increasing institutional interest in ETH as a viable investment instrument.

以太坊 [ETH] ETF 在 12 月獲得了顯著的成長勢頭，累計淨流入 26 億美元，突顯機構對 ETH 作為可行投資工具的興趣日益濃厚。

In contrast, Bitcoin [BTC] ETFs trailed behind, closing 2024 with an impressive $35 billion in inflows, reflecting confidence in Ethereum’s long-term potential, fueled by its robust ecosystem and expanding use cases.

相比之下，比特幣 ETF 則落後，截至 2024 年，流入量高達 350 億美元，這反映出人們對以太坊在其強大的生態系統和不斷擴大的用例的推動下的長期潛力充滿信心。

As the new year unfolds, a pressing question emerges: Can Ethereum ETFs Outperform Bitcoin ETFs In 2025?

隨著新的一年的到來，一個緊迫的問題出現了：2025 年以太坊 ETF 的表現能否超越比特幣 ETF？

Recent market data suggests that ETH ETFs could indeed surpass BTC ETFs in 2025 if certain conditions align. Analysts attribute this potential to Ethereum’s unique staking capabilities, which provide additional yield-generation opportunities for investors.

最近的市場數據表明，如果某些條件一致，ETH ETF 確實可能在 2025 年超過 BTC ETF。分析師將這種潛力歸因於以太坊獨特的質押能力，這為投資者提供了額外的收益產生機會。

Furthermore, favorable regulatory developments are expected to position these ETFs to attract a broader institutional audience.

此外，有利的監管發展預計將使這些 ETF 吸引更廣泛的機構受眾。

In the latter half of 2024, ETH demonstrated strong market momentum with eight consecutive weeks of inflows. This period included a record-breaking $2.2 billion inflow in the week ending on the 26th of November, showcasing heightened investor confidence.

2024年下半年，ETH表現出強勁的市場勢頭，連續八周有資金流入。截至 11 月 26 日當週，這段時期的資金流入創紀錄地達到了 22 億美元，顯示投資者信心增強。

While BTC ETFs remain dominant, ETH ETFs are gradually narrowing the gap, indicating a shift in institutional preferences.

雖然 BTC ETF 仍占主導地位，但 ETH ETF 的差距正在逐漸縮小，這表明機構偏好發生了轉變。

If Ethereum maintains its price trajectory, driven by increased network activity and technological advancements, its ETFs could emerge as top-performing assets in 2025.

如果以太坊在網路活動增加和技術進步的推動下維持其價格軌跡，其 ETF 可能會在 2025 年成為表現最佳的資產。

Additionally, external factors, such as the growing adoption of artificial intelligence in Ethereum’s ecosystem, have further bolstered its appeal.

此外，外部因素，例如以太坊生態系統中人工智慧的日益採用，進一步增強了其吸引力。

However, for ETH ETFs to challenge BTC ETFs’ dominance, several key obstacles must be addressed.

然而，為了讓 ETH ETF 挑戰 BTC ETF 的主導地位，必須解決幾個關鍵障礙。

Bitcoin’s extensive brand recognition and first-mover advantage continue to draw significant inflows, leaving Ethereum with the task of building similar trust among institutional investors.

比特幣廣泛的品牌認知和先發優勢繼續吸引大量資金流入，而以太坊則面臨在機構投資者中建立類似信任的任務。

Moreover, Bitcoin's market dominance of 47.1%, compared to Ethereum's 18.7%, presents a substantial disparity in investor confidence.

此外，比特幣的市場主導地位為 47.1%，而以太坊的市場主導地位為 18.7%，這在投資者信心方面存在巨大差異。

However, analysts anticipate that ETH’s market share could grow as its staking rewards become more attractive and regulatory clarity improves, aiming to close this gap.

然而，分析師預計，隨著 ETH 的質押獎勵變得更具吸引力以及監管透明度的提高，ETH 的市場份額可能會增長，旨在縮小這一差距。

Another hurdle lies in Ethereum’s historical volatility, which has occasionally deterred risk-averse investors. In response, these ETFs must showcase stability and resilience, particularly in response to broader market shifts.

另一個障礙在於以太坊的歷史波動性，有時會嚇退厭惡風險的投資者。為此，這些 ETF 必須表現出穩定性和彈性，特別是在應對更廣泛的市場變化時。

With external factors like macroeconomic conditions and global regulatory changes, Ethereum’s ecosystem must demonstrate its ability to adapt and thrive in a competitive landscape.

由於宏觀經濟條件和全球監管變化等外部因素，以太坊生態系統必須證明其在競爭環境中適應和繁榮的能力。

Ethereum’s RSI trends indicate bullish momentum, but challenges remain

以太坊的 RSI 趨勢表明看漲勢頭，但挑戰仍然存在

As we delve into further technical analysis, let's examine Ethereum's Relative Strength Index (RSI) trends, which offer valuable insights into its current performance.

當我們深入研究進一步的技術分析時，讓我們來看看以太坊的相對強弱指數（RSI）趨勢，它為了解其當前表現提供了有價值的見解。

As of late December, ETH’s RSI stood at 68, nearing the overbought threshold of 70. This suggests strong bullish momentum but raises concerns about potential short-term corrections.

截至 12 月底，ETH 的 RSI 為 68，接近超買閾值 70。

Historically, the coin’s RSI movements near the overbought zone have preceded temporary pullbacks before resuming an upward trend.

從歷史上看，該代幣的 RSI 運動在超買區域附近之前會出現暫時回調，然後恢復上升趨勢。

Moreover, ETH’s recent ETF inflows have fueled optimism among investors, with many anticipating further RSI gains.

此外，ETH 最近 ETF 的流入激發了投資者的樂觀情緒，許多人預計 RSI 會進一步上漲。

If Ethereum breaks through key resistance levels, its RSI could stabilize within the bullish range, reinforcing confidence in its long-term outlook.

如果以太坊突破關鍵阻力位，其 RSI 可能會穩定在看漲區間內，從而增強對其長期前景的信心。

Surging trading volume highlights increased activity in ETH ETFs

交易量激增凸顯 ETH ETF 活動的增加

Now, let's shift our focus to the trading volume of Ethereum ETFs, which has experienced a significant surge. As per data from Coinglass, December's trading volume crossed the $13 Billion mark.

現在，讓我們將焦點轉移到以太坊ETF的交易量上，該ETF的交易量經歷了大幅飆升。根據 Coinglass 的數據，12 月的交易量突破了 130 億美元大關。

This growth highlights the intensifying interest among investors, driven by consistent inflows and positive market sentiment.

這一成長凸顯了在持續的資金流入和積極的市場情緒推動下，投資者的興趣不斷增強。

This surge in volume indicates robust liquidity, a critical factor for institutional investors seeking stable and scalable options. Analysts view the increased trading activity as a precursor to stronger ETF performance, as it underscores heightened confidence in Ethereum’s future.

交易量的激增表明流動性強勁，這是機構投資者尋求穩定和可擴展選擇的關鍵因素。分析師認為，交易活動的增加是 ETF 表現走強的先兆，因為它凸顯了人們對以太坊未來的信心增強。