Odaily星球日报讯 美国以太坊现货 ETF 在 12 月累计净流入超过 21 亿美元创新高，几乎是 11 月流入资金的两倍。ETF 资金流入的增长是以太坊价格走势的乐观信号，进一步支持了资产管理巨头 VanEck 的预测，VanEck 预计到 2025 年以太坊将达到 6000 美元的周期顶部。根据技术图表形态，加密分析师 TMV 表示，以太坊已经进入积累浪潮，这可能有助于 ETH 价格在 2025 年第一季度突破 4400 美元，但若回调至 2914 美元下方，则该理论失效。Bybit 的发言人表示，以太坊的价格可能在 1 月 20 日特朗普当选总统上任之前上涨突破 4000 美元。（Cointelegraph）

分析：以太坊现货ETF 12月净流入资金创新高，或为2025年反弹铺路

Odaily Odaily News: The U.S. Ethereum spot ETF recorded a record high of more than $2.1 billion in net inflows in December, almost double the inflows in November. The growth in ETF inflows is an optimistic signal for Ethereum&#39;s price trend, further supporting the forecast of asset management giant VanEck, which expects Ethereum to reach a cycle top of $6,000 by 2025. Based on the technical chart pattern, crypto analyst TMV said that Ethereum has entered an accumulation wave, which could help ETH prices break through $4,400 in the first quarter of 2025, but if it pulls back below $2,914, the theory will fail. A Bybit spokesperson said that the price of Ethereum could rise above $4,000 before President-elect Trump takes office on January 20. (Cointelegraph)

Analysis: Ethereum spot ETF net inflows hit a record high in December, paving the way for a rebound in 2025

On January 11, 2024, the first U.S. Bitcoin spot ETF was officially approved for listing, recording a trading volume of $4.6 billion and a net inflow of $628 million on its first day. Subsequently, multiple countries, including Hong Kong and Australia, also launched Bitcoin spot ETFs, further...

Crypto Spot ETF Report Card 2024: 1 Year, $40 Billion

Odaily Report: Galaxy Research released a 2025 forecast report covering Bitcoin and Ethereum prices, DOGE, stablecoins, DeFi, L2s, policies, VCs, etc. Specifically:

- BTC will break through $150,000 in the first half of the year and test or reach $185,000 in Q4 2025.
- ETH's trading price will exceed $5,500.
- The assets under management of the US spot Bitcoin ETP will exceed $250 billion.
- Bitcoin will once again be one of the best performing risk-adjusted assets globally.
- At least one top wealth management platform will announce a recommended 2% or higher Bitcoin allocation.
- Five Nasdaq 100 companies and five nation-states will announce adding Bitcoin to their balance sheets or sovereign wealth funds.
- Bitcoin developers will reach consensus on the next protocol upgrade.
- More than half of the top 20 publicly traded Bitcoin miners by market cap will announce transformations or partnerships with hyperscalers, AI, or HPC companies.
- Bitcoin DeFi (the total BTC locked in DeFi smart contracts and deposited in staking protocols) will nearly double by 2025.
- Ethereum staking rate will exceed 50%.
- The ETH/BTC ratio will drop below 0.03 but end the year above 0.06.
- L2 will collectively generate more economic activity than Alt L1s.
- DeFi will enter a "dividend era" as on-chain apps distribute at least $1 billion in nominal value to users and token holders.
- On-chain governance will see a revival, with apps experimenting with future governance models.
- The top 4 global custodian banks will custody digital assets.
- At least 10 stablecoins supported by TradFi partners will be launched.
- Total stablecoin supply will double, exceeding $400 billion.
- Tether's long-standing market dominance will drop below 50%, challenged by yield alternatives like Blackrock's BUIDL, Ethena's USDe, and USDC rewards from Coinbase/Circle.
- Crypto VC capital will exceed $150 billion, up over 50% YoY.
- Stablecoin legislation will pass both houses of Congress and be signed by President Trump in 2025, but market structure legislation will not.
- The US government will not buy Bitcoin but will use its existing Bitcoin holdings to establish reserves, with various departments and agencies taking action to research expanding Bitcoin reserve policies.
- The SEC will investigate the first so-called "special purpose broker-dealer" Prometheum.
- Dogecoin will ultimately reach $1, with a market cap of $100 billion.

Galaxy Research: BTC may reach $185,000 in Q4 next year, ETH may exceed $5,500

The bitcoin price continued to hit new highs in mid-December, approaching $110,000 before dropping. It then fluctuated between $100,000 and $93,000, while tech giants performed poorly, dragging down the US stock market. Meanwhile, the Bitcoin ETF faced net outflows of nearly $90 million, and analysts pointed out that during this bitcoin downturn, the narrative of AI and high-performance <DeFi> is attracting market liquidity.
(Tech giants' slump drags down US stocks, Bitcoin spot ETF faces capital outflows)
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Bitcoin ETF has seen net outflows for many days, analysts: When Bitcoin falls, investors are paying attention to emerging trends such as Hyperliquid and ai16z