Galaxy Digital 推出 1 亿美元早期加密货币基金

投资巨头 Galaxy Digital 计划推出一只 1 亿美元的基金来投资早期加密货币公司。美国证券交易委员会 (SEC) 已对 Grayscale Investments、Fidelity 和 Bitwise 的三种以太坊 (ETH) 现货交易所交易基金 (ETF) 提案开放了为期三周的征求意见期。尽管业界持乐观态度，但分析师仍对 SEC 是否会批准这些提议持怀疑态度，称 Grayscale 在法庭上的胜利是比特币 ETF 的特定案例豁免。

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

Galaxy Digital 推出 1 亿美元基金用于早期加密货币投资

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.

总部位于纽约的投资巨头 Galaxy Digital 正在扩大其风险投资业务，推出了一只专门针对早期加密货币公司的 1 亿美元基金。根据 CoinDesk 获得的一封投资者电子邮件，Galaxy Ventures Fund I 将在未来三年内投资最多 30 家初创公司，初始投资额在 100 万美元以上。

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 将专注于金融应用程序、软件基础设施和基于加密货币的协议。该基金旨在通过直接的机构级基金复制 Galaxy 专有资产负债表投资策略的成功。

SEC Opens Comment Period for Ethereum Spot ETF Proposals

SEC 开启以太坊现货 ETF 提案征求意见期

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.

美国证券交易委员会 (SEC) 已对三项拟议的以太坊 (ETH) 现货交易所交易基金 (ETF) 开放为期三周的征求意见期。这些提案由 Grayscale Investments、Fidelity 和 Bitwise 提交，旨在为投资者提供一种受监管的方式来投资以太坊。

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.

尽管美国证券交易委员会 (SEC) 一月份批准比特币现货 ETF 后，人们最初感到乐观，但行业分析师已经降低了对基于以太坊的产品的预期。美国证券交易委员会此前曾表示反对跟踪以太坊代币的产品，理由是担心波动性和市场操纵。

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

VanEck 预测以太坊第 2 层网络估值将达到 1 万亿美元

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.

投资公司 VanEck 发布了一份报告，预测到 2030 年，以太坊第 2 层 (L2) 网络的综合估值可能会超过 1 万亿美元。该报告评估了 46 个 L2 网络，预计随着时间的推移，将出现“数千个”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 生态系统中占据主导地位，锁定的代币价值超过 180 亿美元，占据了所有 46 个网络锁定的 360 亿美元的大部分。 VanEck 分析师帕特里克·布什 (Patrick Bush) 和马修·西格尔 (Matthew Sigel) 根据以太坊生态系统内的资产量预测，预计以太坊最终将占据所有公共区块链 60% 的市场份额。

Conclusion

结论

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 进入外部风险投资市场，加上对以太坊现货 ETF 的持续监管审查以及 L2 网络的潜在增长，凸显了加密货币行业的动态和不断发展的本质。随着该行业的成熟，投资者和监管机构将引导这些发展，以塑造数字资产的未来及其在全球金融体系中的作用。