Thinking Crypto 播客強調 XRP ETF 潛力和比特幣 ETF 前所未有的成長

Thinking Crypto 播客最近在主持人托尼愛德華 (Tony Edward) 和 Bitwise 資產管理公司首席投資官 Matt Hogan 的討論中重點關注了加密貨幣領域的關鍵發展。

In a recent episode of The Thinking Crypto Podcast, host Tony Edward and Matt Hogan, CIO at Bitwise Asset Management, discussed key developments in the cryptocurrency sector.

在最近一期的《思考加密貨幣》播客中，主持人托尼愛德華 (Tony Edward) 和 Bitwise 資產管理公司的首席資訊長 Matt Hogan 討論了加密貨幣領域的關鍵發展。

Among the topics covered were XRP's ability to maintain its market presence, the increasing market share of Bitcoin ETFs, and potential projections for the broader cryptocurrency market through 2025.

討論的主題包括 XRP 維持其市場地位的能力、比特幣 ETF 市場份額的增加以及到 2025 年對更廣泛的加密貨幣市場的潛在預測。

XRP's enduring appeal, ETF potential

XRP 的持久吸引力和 ETF 潛力

Despite the ongoing legal dispute between Ripple and the SEC, XRP continues to find its way into the market narrative. Its strong technology and community support have positioned it as one of the valuable assets in the crypto space.

儘管 Ripple 和 SEC 之間的法律糾紛持續存在，但 XRP 仍在繼續進入市場。其強大的技術和社群支援使其成為加密貨幣領域的寶貴資產之一。

Bloomberg's Eric Balchunas has also highlighted potential benefits of XRP, particularly in the context of ETFs.

彭博社的 Eric Balchunas 也強調了 XRP 的潛在好處，特別是在 ETF 的背景下。

Bitcoin ETFs have seen impressive adoption this year, surpassing even the early years of gold ETF adoption. Balchunas noted that the implication of this is that capital flows into Bitcoin ETFs have already come into play and could pave the way for an XRP ETF. If approved, such a product would likely bolster XRP's standing in the market, attracting institutional investors and increasing the use of the digital asset.

比特幣 ETF 今年的採用率令人印象深刻，甚至超過了早年黃金 ETF 的採用率。 Balchunas 指出，這意味著資金流入比特幣 ETF 已經開始發揮作用，並可能為 XRP ETF 鋪平道路。如果獲得批准，此類產品可能會提升 XRP 在市場上的地位，吸引機構投資者並增加數位資產的使用。

Hogan also mentioned that ETF inflows are expected to grow even further by 2025, and there is already strong inflow growth even in 2024. If XRP is included in the ETF space, this will benefit investors as they will have more options in terms of diversification and further enhance the coin's position in the market.

Hogan 也提到，到2025 年，ETF 流入量預計將進一步成長，即使在2024 年，流入量也已經強勁成長。投資方面有更多選擇。

The podcast also offered some insights into the broader crypto space. Hogan expressed optimism about blockchain networks like Solana, Avalanche, and XRP in particular. Hogan sees these protocols as useful for investors and boosting demand for indexed crypto products.

該播客還提供了對更廣泛的加密貨幣領域的一些見解。 Hogan 對 Solana、Avalanche 和 XRP 等區塊鏈網路尤其表示樂觀。霍根認為這些協議對投資者有用，並增加了對指數加密產品的需求。

Bitcoin ETFs see record growth

比特幣 ETF 成長創紀錄

Bitcoin ETFs have become a leading indicator of institutional and retail participation in the cryptoasset market. As reported by CryptoQuant analyst MAC_D, physical Bitcoin ETF holdings have increased by 425,000 BTC this year, rising from 629,900 BTC on January 1 to 1,050,000 BTC.

比特幣 ETF 已成為機構和散戶參與加密資產市場的領先指標。根據 CryptoQuant 分析師 MAC_D 報告，今年實體比特幣 ETF 持有量增加了 425,000 BTC，從 1 月 1 日的 629,900 BTC 增加到 1,050,000 BTC。

This growth further brought the ETF ownership to 5.33% of the total mined Bitcoin, which is 19.78 million BTC.

這一增長進一步使 ETF 所有權達到了已開採比特幣總量的 5.33%，即 1,978 萬比特幣。

Q1 2024 was also a critical period for Bitcoin ETFs as they saw a net inflow of $4 billion, and the trading volumes increased by three times compared to February.

2024年第一季也是比特幣ETF的關鍵時期，淨流入40億美元，交易量較2月成長三倍。

MARCH MADNESS: Bitcoin ETFs traded $111b in March, which is just about triple what they did in Feb and Jan. I added the months where only GBTC was on market for further context. I can't imagine April will be bigger but who knows.. pic.twitter.com/AJEE0mPmpW

瘋狂三月：比特幣 ETF 3 月份的交易量為 111b 美元，大約是 2 月和 1 月交易量的三倍。我無法想像四月會更大，但誰知道呢.. pic.twitter.com/AJEE0mPmpW

— Eric Balchunas (@EricBalchunas) April 2, 2024

— Eric Balchunas (@EricBalchunas) 2024 年 4 月 2 日

The BlackRock iShares Bitcoin Trust (IBIT) remains the largest Bitcoin ETF in the United States, with over $40 billion in assets under management. The latest trends show both growth and some unevenness, with $2.4bn net inflows seen in early November and outflows of $770m.

BlackRock iShares Bitcoin Trust (IBIT) 仍然是美國最大的比特幣 ETF，管理超過 400 億美元的資產。最新趨勢顯示成長和一些不平衡，11 月初淨流入 24 億美元，流出 7.7 億美元。

Notably, the ETFs were instrumental in driving Bitcoin to its all-time highs and new record peaks, touching $92,000 during the period.

值得注意的是，ETF 在推動比特幣創下歷史新高和新紀錄高峰方面發揮了重要作用，在此期間觸及 92,000 美元。

Regulatory clarity remains a key factor shaping the market. A crypto-friendly framework under a Trump administration could see pending regulatory cases resolved and additional altcoin ETFs approved.

監管清晰度仍然是塑造市場的關鍵因素。川普政府領導下的加密貨幣友善框架可能會解決懸而未決的監管案件，並批准更多山寨幣 ETF。