Odaily星球日报讯 伯恩斯坦在周一的研究报告中表示，以太坊（ETH）今年以来的表现逊色于比特币（BTC），但以太坊 ETF 的资金流入出现反转，或表明这种表现不佳的时期可能已经结束。周五贝莱德的现货以太坊 ETF 资金流入达 2.5 亿美元，而其现货比特币 ETF 仅流入 1.37 亿美元。这为 ETH 创造了有利的供需动态。伯恩斯坦指出，质押收益可能是以太坊的另一个推动力。最初的以太坊现货 ETF 没有包括质押收益，这是由于监管限制。（Coindesk）

伯恩斯坦：以太坊现货ETF净流入或将推动ETH表现优于其他加密货币

Odaily Odaily News Bernstein said in a research report on Monday that Ethereum (ETH) has underperformed Bitcoin (BTC) this year, but the reversal of inflows into Ethereum ETFs may indicate that this period of underperformance may be over. On Friday, BlackRock&#39;s spot Ethereum ETF had inflows of $250 million, while its spot Bitcoin ETF had inflows of only $137 million. This creates a favorable supply and demand dynamic for ETH. Bernstein pointed out that staking income may be another driving force for Ethereum. The original Ethereum spot ETF did not include staking income due to regulatory restrictions. (Coindesk)

Bernstein: Ethereum spot ETF net inflows may drive ETH to outperform other cryptocurrencies

The US Bitcoin spot ETF has achieved great success, with the on-chain total holdings exceeding 1.12 million BTC (about 112.8 thousand), accounting for 5.7% of the current Bitcoin supply, surpassing Satoshi Nakamoto. Trump is about to take office, and the expected loose regulatory environment is expected to greatly increase institutional interest in Bitcoin. Parataxis Capital co-founder Edward Chin believes that the imbalance between Bitcoin supply and demand will lead to a rise in BTC prices.
(Cathie Wood: Trump's loose regulation will drive the stock market to rise, and it is necessary to seize the opportunity of cryptocurrencies...)

Bitcoin spot ETF holdings surpass Satoshi Nakamoto! Supply and demand imbalance will cause BTC price to rise

According to statistics from HODL15Capital, the on-chain activity data related to Bitcoin since the launch of the US Bitcoin spot ETF is as follows: -A total of 198,258 BTC have been mined; -Grayscale (GBTC/BTC) has sold 366,700 BTC; -The German government has sold 50,000 BTC. -9 new ETFs have bought 826,792 BTC; -MicroStrategy has bought 197,550 BTC; -Other related parties have net sold 409,384 BTC.

Statistics: Since the launch of the US Bitcoin spot ETF, 9 new ETFs have bought 826,792 BTC

Odaily Planet Daily Report: Four asset management companies have submitted applications to the US regulatory authorities to create Bitcoin ETFs that use derivatives to minimize or completely prevent potential losses. Todd Rosenbluth, head of research at consulting firm TMX VettaFi, said: "Given the rapid rise of Bitcoin this year, many investors may regret missing the opportunity because they are concerned about the volatility of cryptocurrencies. These upcoming downside protection ETFs will allow more people to add Bitcoin exposure to their portfolios in a risk-aware manner." Specifically, Calamos Investments has applied for four actively managed in-the-money ETFs (floor ETFs). First Trust Portfolios has applied for a 15% in-the-money ETF and a buffer ETF aimed at protecting against any loss of the first 30%. Innovator ETFs is applying for a 10% buffer product that will operate within three months. On the other hand, it has also applied for a 20% three-month actively managed in-the-money ETF with a "participation rate" set. In addition, Grayscale Investments plans to launch a covered call Bitcoin ETF, which will sell call options on the spot Bitcoin ETF. If Bitcoin rises, this will reduce the potential price appreciation gains, but will provide regular premium income. (FT)