Galaxy Digital 推出 1 億美元早期加密貨幣基金

投資巨頭 Galaxy Digital 計劃推出一檔 1 億美元的基金來投資早期加密貨幣公司。美國證券交易委員會 (SEC) 已對 Grayscale Investments、Fidelity 和 Bitwise 的三種以太坊 (ETH) 現貨交易所交易基金 (ETF) 提案開放了為期三週的徵求意見期。儘管業界持樂觀態度，但分析師仍對 SEC 是否會批准這些提議持懷疑態度，稱 Grayscale 在法庭上的勝利是比特幣 ETF 的特定案例豁免。

Galaxy Digital Unveils $100 Million Fund for Early-Stage Crypto Investments

Galaxy Digital 推出 1 億美元基金用於早期加密貨幣投資

New York-based investment giant Galaxy Digital is expanding its venture capital operations by launching a $100 million fund dedicated to early-stage crypto companies. According to an investor email obtained by CoinDesk, the Galaxy Ventures Fund I will invest in up to 30 startups over the next three years, with initial investments ranging from $1 million upwards.

總部位於紐約的投資巨頭 Galaxy Digital 正在擴大其風險投資業務，推出了專門針對早期加密貨幣公司的 1 億美元基金。根據 CoinDesk 獲得的一封投資者電子郵件，Galaxy Ventures Fund I 將在未來三年內投資最多 30 家新創公司，初始投資額在 100 萬美元以上。

Galaxy Ventures Fund I will focus on financial applications, software infrastructure, and protocols built on cryptocurrencies. The fund aims to replicate the success of Galaxy's proprietary balance sheet investing strategy through a direct, institutional-grade fund.

Galaxy Ventures Fund I 將專注於金融應用程式、軟體基礎設施和基於加密貨幣的協議。該基金旨在透過直接的機構級基金複製 Galaxy 專有資產負債表投資策略的成功。

SEC Opens Comment Period for Ethereum Spot ETF Proposals

SEC 開啟以太坊現貨 ETF 提案徵求意見期

The U.S. Securities and Exchange Commission (SEC) has opened a three-week comment period for three proposed Ethereum (ETH) spot exchange-traded funds (ETFs). The proposals, submitted by Grayscale Investments, Fidelity, and Bitwise, seek to provide investors with a regulated way to gain exposure to Ethereum.

美國證券交易委員會 (SEC) 已對三項擬議的以太坊 (ETH) 現貨交易所交易基金 (ETF) 開放為期三週的徵求意見期。這些提案由 Grayscale Investments、Fidelity 和 Bitwise 提交，旨在為投資者提供一種受監管的方式來投資以太坊。

Despite initial optimism following the SEC's approval of Bitcoin spot ETFs in January, industry analysts have tempered their expectations regarding Ethereum-based products. The SEC has previously expressed opposition to products tracking Ethereum's token, citing concerns about volatility and market manipulation.

儘管美國證券交易委員會 (SEC) 一月份批准比特幣現貨 ETF 後，人們最初感到樂觀，但產業分析師已經降低了對基於以太坊的產品的預期。美國證券交易委員會先前曾表示反對追蹤以太坊代幣的產品，理由是擔心波動性和市場操縱。

VanEck Predicts $1 Trillion Valuations for Ethereum Layer-2 Networks

VanEck 預測以太坊第 2 層網路估值將達到 1 兆美元

Investment firm VanEck has published a report predicting that Ethereum layer-2 (L2) networks could achieve a combined valuation of over $1 trillion by 2030. The report, which evaluated 46 L2 networks, anticipates the emergence of "thousands" of rollups over time.

投資公司VanEck 發布了一份報告，預測到2030 年，以太坊第2 層(L2) 網路的綜合估值可能會超過1 兆美元。該報告評估了46 個L2 網絡，預計隨著時間的推移，將出現「數千個」rollups。

Currently, Arbitrum dominates the L2 ecosystem with over $18 billion in locked tokens, capturing the majority of the $36 billion locked across all 46 networks. VanEck analysts Patrick Bush and Matthew Sigel estimate that Ethereum will eventually capture 60% of the market share across all public blockchains, basing their projection on the volume of assets within the Ethereum ecosystem.

目前，Arbitrum 在 L2 生態系統中佔據主導地位，鎖定的代幣價值超過 180 億美元，佔據了所有 46 個網路鎖定的 360 億美元的大部分。 VanEck 分析師 Patrick Bush 和 Matthew Sigel 根據以太坊生態系統內的資產量預測，預計以太坊最終將佔據所有公共區塊鏈 60% 的市場份額。

Conclusion

結論

Galaxy Digital's entry into the external venture capital market, combined with the ongoing regulatory scrutiny of Ethereum spot ETFs and the potential growth of L2 networks, underscores the dynamic and evolving nature of the cryptocurrency industry. As the sector matures, investors and regulators alike will navigate these developments to shape the future of digital assets and their role in the global financial system.

Galaxy Digital 進入外部創投市場，加上對以太坊現貨 ETF 的持續監管審查以及 L2 網路的潛在成長，凸顯了加密貨幣產業的動態和不斷發展的本質。隨著該行業的成熟，投資者和監管機構將引導這些發展，以塑造數位資產的未來及其在全球金融體系中的作用。