比特币 (BTC) 现货 ETF 在加密货币 ETF 竞赛中占据主导地位，而以太坊 (ETH) ETF 则出现资金外流

比特币现货 ETF 的日净流入量高达 4.028 亿美元，引人注目地展现了投资者的信心，巩固了比特币在加密货币 ETF 竞赛中的主导地位。

Bitcoin spot ETFs continue to dominate the crypto ETF landscape, with a striking daily net inflow of $402.8 million on Monday, October 25th. This marks a significant disparity in investor sentiment, as the Ethereum ETF experienced an outflow of $19.16 million.

比特币现货 ETF 继续主导加密 ETF 格局，10 月 25 日星期一日净流入量达到惊人的 4.028 亿美元。这标志着投资者情绪的巨大差异，以太坊 ETF 经历了 1916 万美元的资金流出。

The total net inflow for Bitcoin ETFs has now reached an impressive $21.93 billion as of October 25th, according to data from SoSoValue. Blackrock's IBIT ETF led the way with a massive net inflow of $291.96 million, while Fidelity's FBTC ETF brought in an additional $56.95 million.

根据 SoSoValue 的数据，截至 10 月 25 日，比特币 ETF 的净流入总额已达到令人印象深刻的 219.3 亿美元。贝莱德 (Blackrock) 的 IBIT ETF 以 2.9196 亿美元的巨额净流入领跑，而富达 (Fidelity) 的 FBTC ETF 又净流入 5,695 万美元。

This strong institutional demand for Bitcoin ETFs is likely due to several factors. Firstly, institutions view Bitcoin as a secure and stable entry point into the crypto market, especially considering that an ETF provides an easier method of investing compared to directly holding Bitcoin.

机构对比特币 ETF 的强劲需求可能是由于多种因素造成的。首先，机构将比特币视为进入加密货币市场的安全稳定的切入点，特别是考虑到与直接持有比特币相比，ETF 提供了更简单的投资方法。

Moreover, Bitcoin's recent price increase of over 30 days and the upcoming US presidential elections have left investors optimistic about further上涨 in the asset's price.

此外，比特币近期连续30多天的价格上涨以及即将到来的美国总统选举让投资者对该资产价格的进一步上涨感到乐观。

In contrast, the spot ETFs of Ethereum are facing a different fate. Grayscale's ETHE, the largest spot ETF for Ethereum, experienced a daily net outflow of $19.6 million, bringing the total cumulative outflow to a staggering $504.44 million.

相比之下，以太坊的现货ETF则面临着不同的命运。以太坊最大现货ETF Grayscale的ETHE日均净流出1960万美元，累计流出总额达到惊人的5.0444亿美元。

Meanwhile, other major Ethereum ETFs, such as Blackrock's ETHA, Fidelity's FETH, and Bitwise's ETHW, did not see any new inflows on October 25th.

与此同时，其他主要以太坊ETF，如Blackrock的ETHA、Fidelity的FETH和Bitwise的ETHW，在10月25日没有看到任何新的资金流入。

The lack of inflows, coupled with Grayscale's substantial outflow, highlights a general disinterest in demand for the cryptocurrency. Despite Ethereum's advances with its upcoming Pectra upgrade and development, it seems that institutional investors are not showing the same enthusiasm as they are for Bitcoin.

资金流入的缺乏，加上灰度的大量流出，凸显了人们对加密货币的需求普遍不感兴趣。尽管以太坊即将推出的 Pectra 升级和开发取得了进步，但机构投资者似乎并没有表现出与比特币相同的热情。