儘管市場低迷，現貨比特幣和以太幣 ETF 依然表現強勁

數位資產投資產品上週淨流入 3.08 億美元，儘管單日流出 5.76 億美元。

Spot Bitcoin ETFs in the United States attracted a record $35.66 billion in net inflows during 2024, surpassing initial industry estimates and setting a new milestone for the digital asset class.

2024 年，美國現貨比特幣 ETF 吸引了創紀錄的 356.6 億美元淨流入，超出了行業最初的預期，為數位資產類別樹立了新的里程碑。

These figures, which were unveiled by ETF.com on December 29, indicate a remarkable shift in investor sentiment toward cryptocurrencies, particularly Bitcoin. Notably, these inflows far exceeded Galaxy Digital’s earlier estimate of $14 billion.

ETF.com 於 12 月 29 日公佈的這些數據表明，投資者對加密貨幣（尤其是比特幣）的情緒發生了顯著轉變。值得注意的是，這些資金流入量遠遠超過了 Galaxy Digital 先前估計的 140 億美元。

Among the leading Bitcoin ETFs, BlackRock’s iShares Bitcoin Trust ETF (NYSE Arca: IBIT) emerged as the clear frontrunner, garnering an impressive $37.31 billion in net inflows throughout the year. This ETF, which tracks the price of spot Bitcoin through physically settled futures contracts, experienced a strong demand from both retail and institutional investors.

在領先的比特幣 ETF 中，貝萊德的 iShares 比特幣信託 ETF（NYSE Arca：IBIT）成為明顯的領跑者，全年淨流入量高達 373.1 億美元，令人印象深刻。該ETF透過實物結算的期貨合約追蹤現貨比特幣的價格，受到散戶和機構投資者的強烈需求。

Following closely behind was Fidelity’s Wise Origin Bitcoin Fund (NASDAQ: FBTC) with a total of $11.84 billion in net inflows during 2024. This ETF, which provides investors with exposure to the performance of BTC less certain expenses, also experienced a strong demand throughout the year.

緊隨其後的是富達的Wise Origin 比特幣基金（納斯達克股票代碼：FBTC），2024 年淨流入總額為118.4 億美元。表現敞口，在整個2024 年也經歷了強勁的需求。

Other notable contributors to the overall inflows included ARK’s 21Shares Bitcoin ETF (NYSE Arca: ARCB), which added an additional $2.49 billion, and the Bitwise Bitcoin ETF (NYSE Arca: BITW), which reported net inflows of $2.19 billion during this period.

其他對整體資金流入的重要貢獻者包括ARK 的21Shares 比特幣ETF（NYSE Arca：ARCB），該基金額外增加了24.9 億美元，以及Bitwise 比特幣ETF（NYSE Arca：BITW），該基金在此期間淨流入21.9 億美元。

However, despite these strong annual inflows, Bitcoin ETFs experienced a total of $1.33 billion in net outflows since December 19, as reported by ETF.com on December 29. Five of the final six trading days recorded net outflows, with IBIT experiencing a single-day outflow of $188.7 million on December 24.

然而，根據ETF.com 12 月29 日報道，儘管年度資金流入強勁，但自12 月19 日以來，比特幣ETF 的淨流出總額為13.3 億美元。得淨流出，其中IBIT 經歷了單筆淨流出。

According to ETF.com, retail investors drove nearly 80% of the demand for Bitcoin ETFs throughout the year. However, analysts expect institutional interest to increase in 2025 with improved clearinghouse infrastructure.

根據 ETF.com 的數據，散戶推動了全年近 80% 的比特幣 ETF 需求。然而，分析師預計，隨著清算所基礎設施的改善，機構興趣將在 2025 年增加。

Meanwhile, market forecasts predict that Bitcoin prices could rise to as high as $200,000 by 2025, with a more conservative estimate being around $180,000. These projections, which were reported by Finbold on December 28, suggest that BTC is poised to experience another year of significant price appreciation.

同時，市場預測到 2025 年，比特幣價格可能會升至 20 萬美元，更保守的估計為 18 萬美元左右。 Finbold 在 12 月 28 日報道的這些預測表明，BTC 預計將迎來另一個價格大幅上漲的一年。

Spot Ether ETFs Reach $2.68 Billion Growth

以太幣現貨 ETF 成長 26.8 億美元

Spot Ether ETFs experienced a strong growth in the second half of 2024, accumulating a total of $2.68 billion in net inflows since their July debut, as reported by ETF.com on December 29. These ETFs, which provide investors with exposure to the price of spot Ether, experienced a relatively strong demand from both retail and institutional investors throughout the year.

根據ETF.com 12 月29 日報道，現貨以太坊ETF 在2024 年下半年經歷了強勁增長，自7 月推出以來累計淨流入26.8 億美元。 。

Among the leading Ether ETFs, BlackRock’s iShares Ethereum Trust ETF (NYSE Arca: IETH) led the inflows with an impressive $3.52 billion. This ETF, which tracks the price of spot Ether through physically settled futures contracts, experienced a strong demand from both retail and institutional investors throughout the year.

在領先的以太坊 ETF 中，貝萊德的 iShares 以太坊信託 ETF（NYSE Arca：IETH）以令人印象深刻的 35.2 億美元資金流入。該ETF透過實物結算的期貨合約追蹤現貨以太幣的價格，全年受到散戶和機構投資者的強勁需求。

Following closely behind was Fidelity’s Ethereum Fund (NASDAQ: FETH) with a total of $1.56 billion in net inflows during 2024. This ETF, which provides investors with exposure to the performance of ETH less certain expenses, also experienced a strong demand throughout the year.

緊隨其後的是富達的以太坊基金（納斯達克股票代碼：FETH），2024 年淨流入總額為15.6 億美元。表現敞口，全年也經歷了強勁的需求。

Other notable contributors to the overall inflows included Grayscale’s Ethereum Mini Trust and Bitwise Ethereum ETF, which garnered inflows of $608.1 million and over $400 million, respectively.

其他整體資金流入的重要貢獻者包括 Grayscale 的以太坊迷你信託和 Bitwise 以太坊 ETF，它們分別吸引了 6.081 億美元和超過 4 億美元的資金流入。

Although Ether underperformed Bitcoin in 2024, analysts foresee a rebound in 2025. Factors such as Ethereum Layer 2 developments and increasing ETF flows are expected to boost prices. Analysts project that Ether’s price could reach $7,000, driven by tokenized real-world assets and growing adoption.

儘管以太坊在 2024 年的表現遜於比特幣，但分析師預計 2025 年將反彈。分析師預計，在代幣化的現實世界資產和不斷增長的採用率的推動下，以太幣的價格可能會達到 7,000 美元。

Spot Bitcoin and Ether ETFs Show Strength

現貨比特幣和以太幣 ETF 顯示實力

Digital asset investment products saw a net inflow of $308 million last week despite a single-day outflow of $576 million on Friday. Market reactions to the Federal Reserve’s hawkish stance triggered outflows of over $1 billion on the final two days of the week.

數位資產投資產品上週淨流入 3.08 億美元，儘管週五單日流出 5.76 億美元。市場對聯準會強硬立場的反應引發本週最後兩天超過 10 億美元的資金外流。

Bitcoin remained resilient with inflows of $375 million, while multi-asset products suffered losses of $121 million. Among cryptocurrencies, Ether maintained its growth momentum with inflows of $51 million, offsetting Solana’s outflows of $8.7 million.

比特幣保持彈性，流入 3.75 億美元，而多元資產產品損失 1.21 億美元。在加密貨幣中，以太幣保持成長勢頭，流入 5,100 萬美元，抵消了 Solana 870 萬美元的流出。

Altcoins such as XRP, Horizen, and Polkadot attracted smaller but notable investments. Total assets under management for digital asset ETPs declined by a modest 0.37%, highlighting the resilience of these products compared to previous downturns.

XRP、Horizen 和 Polkadot 等山寨幣吸引了規模較小但引人注目的投資。數位資產 ETP 管理的總資產小幅下降 0.37%，凸顯了這些產品與先前的低迷時期相比的韌性。