比特币 ETF 推动市场飙升，吸收大量 BTC 供应

比特币交易所交易基金（ETF）在三个月内激增，在 SEC 批准现货比特币 ETF 以及灰度比特币信托基金转换为ETF。影响是巨大的，增加了大投资者的比特币余额，刺激了市场需求，并通过简化比特币投资吸引了机构和散户投资者。

Bitcoin ETFs Absorb Significant Share of Supply, Fueling Market Surge

比特币 ETF 吸收了大量供应，推动市场飙升

In a remarkable development that has sent ripples through the cryptocurrency market, Bitcoin (BTC) exchange-traded funds (ETFs) have rapidly garnered over 4% of the total BTC supply in less than three months. This surge follows the United States Securities and Exchange Commission's (SEC) approval of several spot Bitcoin ETFs and the transformation of the Grayscale Bitcoin Trust (GBTC) into an ETF.

比特币 (BTC) 交易所交易基金 (ETF) 在不到三个月的时间里迅速获得了 BTC 总供应量的 4% 以上，这一显着发展在加密货币市场引发了连锁反应。这一激增是在美国证券交易委员会 (SEC) 批准数个现货比特币 ETF 以及灰度比特币信托 (GBTC) 转型为 ETF 之后发生的。

The impact of these financial instruments on the market has been profound, leading to a significant increase in Bitcoin holdings among whale addresses holding at least 1,000 BTC. These whales have witnessed their balances soar to the highest levels since June 2022, with the total Bitcoin held by them rising by 220,000 BTC, an approximate value of $14.2 billion. Notably, 210,000 BTC of this increase can be attributed to net inflows into the ETFs.

这些金融工具对市场的影响是深远的，导致持有至少 1,000 BTC 的鲸鱼地址中的比特币持有量大幅增加。这些鲸鱼的余额飙升至 2022 年 6 月以来的最高水平，他们持有的比特币总量增加了 22 万个 BTC，价值约 142 亿美元。值得注意的是，其中 210,000 BTC 的增长可归因于 ETF 的净流入。

This influx has not only catapulted Bitcoin to new all-time highs but has also stimulated a broader demand for crypto-assets. As Lucas Outumuro, Head of Research at IntoTheBlock, succinctly puts it, these ETFs have significantly simplified the process of investing in Bitcoin, making it accessible to both institutional and retail investors by eliminating the complexities of centralized exchanges and private key management.

这种涌入不仅将比特币推升至历史新高，而且刺激了对加密资产的更广泛需求。正如 IntoTheBlock 研究主管 Lucas Outumuro 所言，这些 ETF 显着简化了比特币投资流程，消除了中心化交易所和私钥管理的复杂性，使机构投资者和散户投资者都可以使用比特币。

Amidst this market exuberance, a noticeable trend has emerged in the form of a resurgence in the demand for meme coins. Despite the prevalence of high-interest rates and the absence of stimulus checks, the appetite for meme coins has ascended to levels last witnessed in 2021.

在市场繁荣的背景下，出现了一个明显的趋势，即对模因币的需求复苏。尽管高利率盛行且缺乏刺激措施，但人们对 meme 币的需求已升至 2021 年的水平。

Consequently, the market capitalization of the meme coin category has nearly tripled in 2024, with Dogecoin, Shiba Inu, and other similar tokens experiencing substantial price increases. This meme coin fervor has also benefited from reduced transaction fees on networks like Solana, which has occasionally surpassed Ethereum in trading volumes.

因此，模因币类别的市值在 2024 年几乎增加了两倍，狗狗币、柴犬和其他类似代币的价格大幅上涨。这种模因币的狂热还得益于 Solana 等网络交易费用的降低，该网络的交易量有时会超过以太坊。

The renewed popularity of meme coins on the Ethereum ecosystem is partially attributed to the successful implementation of the Dencun upgrade, which has drastically lowered gas fees, particularly on Coinbase's Base layer-2 network. This development has facilitated the migration of meme coin activity back to Ethereum, signaling a dynamic shift in the crypto landscape.

Meme 币在以太坊生态系统上的重新流行部分归功于 Dencun 升级的成功实施，该升级大大降低了 Gas 费用，特别是在 Coinbase 的 Base Layer-2 网络上。这一发展促进了模因币活动迁移回以太坊，标志着加密货币格局的动态转变。

As the market enters a period of heightened optimism, traders are increasingly venturing into higher-risk assets, with meme coins emerging as a prime target. It remains to be seen whether this trend will continue or whether the market will revert to a more traditional focus on established cryptocurrencies. Nonetheless, the current surge in both Bitcoin ETFs and meme coins underscores the dynamic and ever-evolving nature of the cryptocurrency market.

随着市场进入高度乐观的时期，交易者越来越多地冒险进入高风险资产，其中模因币成为主要目标。这种趋势是否会持续下去，或者市场是否会恢复到对现有加密货币的更传统的关注，还有待观察。尽管如此，当前比特币 ETF 和 Meme 币的激增凸显了加密货币市场的动态和不断发展的本质。