美國比特幣 ETF 的規模將很快趕上黃金 ETF

如果美國比特幣 ETF 保持目前的累積速度，其規模將很快趕上黃金 ETF。彭博 ETF 分析師 Eric Balchunas 表示，這些基金可能會在聖誕節前超越黃金 ETF。

US Bitcoin exchange-traded funds (ETFs) are rapidly catching up to gold ETFs in terms of size, and could even surpass them by Christmas if they continue to accumulate at the current rate, according to Bloomberg ETF analyst Eric Balchunas.

彭博ETF 分析師 Eric Balchunas 表示，美國比特幣交易所交易基金(ETF) 的規模正在迅速追趕黃金ETF，如果繼續按目前的速度增持，甚至可能在聖誕節前超越黃金ETF。

As of November 23, Bitcoin ETFs in the US had reached $107 billion in assets, which is about 86% of the total net assets of gold ETFs, according to data Balchunas combined with HODL15Capital.

Balchunas 與 HODL15Capital 結合的數據顯示，截至 11 月 23 日，美國比特幣 ETF 資產已達到 1,070 億美元，約佔黃金 ETF 總淨資產的 86%。

“They only lag gold ETFs by $23b, good shot to surpass by Xmas,” Balchunas said.

Balchunas 表示：“它們僅落後黃金 ETF 23b 美元，很有可能在聖誕節前超越。”

Bitcoin ETFs are also quickly closing in on Satoshi Nakamoto. The funds currently hold an estimated 98% of Satoshi’s stash of Bitcoin, and are likely to become the world’s largest Bitcoin holder next week, surpassing even the mysterious creator of the asset.

比特幣 ETF 也正在迅速逼近中本聰。這些基金目前持有中本聰所持有的約 98% 的比特幣，並有可能在下周成為全球最大的比特幣持有者，甚至超過該資產的神秘創造者。

US spot Bitcoin ETFs attracted about $3.3 billion in net inflows this week, according to data from Farside Investors, with BlackRock’s iShares Bitcoin Trust (IBIT) capturing about 62% of the total.

Farside Investors 的數據顯示，美國現貨比特幣 ETF 本週吸引了約 33 億美元的淨流入，其中貝萊德的 iShares Bitcoin Trust (IBIT) 約佔總量的 62%。

IBIT continues to close in on BlackRock’s iShares Gold Trust (IAU) in terms of net assets. As of November 22, IBIT held $48.4 billion worth of Bitcoin, while IAU’s assets were valued at about $34 billion.

就淨資產而言，IBIT 繼續逼近貝萊德的 iShares Gold Trust (IAU)。截至 11 月 22 日，IBIT 持有價值 484 億美元的比特幣，而 IAU 的資產估值約為 340 億美元。

Bitcoin’s rally raises concerns about stability compared to gold

與黃金相比，比特幣的上漲引發了人們對穩定性的擔憂

The world’s largest cryptocurrency set a new all-time high of $99,500 on Friday, inching closer to the six-figure mark. For Bitcoin proponents, the bull market is still in its early stages.

全球最大的加密貨幣週五創下 99,500 美元的歷史新高，逼近六位數大關。對於比特幣支持者來說，牛市仍處於早期階段。

VanEck is targeting $180,000 for Bitcoin this cycle. The asset manager reiterated the projection in a recent report, citing bullish indicators such as funding rates, Relative Unrealized Profit (RUP) and retail interest.

VanEck 本週期的比特幣目標價為 18 萬美元。該資產管理公司在最近的一份報告中重申了這一預測，並引用了融資利率、相對未實現利潤（RUP）和零售利息等看漲指標。

However, State Street, which manages over $4 trillion in assets, is expressing concern that investors are getting too carried away by Bitcoin’s potential and are ignoring the stability and long-term value offered by gold.

然而，管理超過 4 兆美元資產的道富銀行表示擔心，投資者過於沉迷於比特幣的潛力，而忽略了黃金提供的穩定性和長期價值。

George Milling-Stanley, chief gold strategist at State Street Global Advisors, warns that the current Bitcoin rally may be creating a false sense of security among investors. In the analyst’s view, gold has a long history as a reliable store of value, while Bitcoin’s future is still uncertain.

道富環球投資顧問公司(State Street Global Advisors)首席黃金策略師喬治·米林-斯坦利(George Milling-Stanley)警告稱，當前比特幣的上漲可能會在投資者中造成一種錯誤的安全感。在分析師看來，黃金作為可靠的價值儲存手段有著悠久的歷史，而比特幣的未來仍然不確定。