比特幣 ETF 管理資產規模超過黃金 ETF，標誌著市場發生歷史性轉變

對於加密貨幣和傳統投資市場來說，這是一個具有里程碑意義的發展，美國的比特幣交易所交易基金（ETF）在管理資產（AUM）方面已經超過了黃金 ETF。

A recent development in the United States financial markets has seen Bitcoin Exchange-Traded Funds (ETFs) surpass Gold ETFs in terms of assets under management (AUM). This shift marks a significant turning point in the growing acceptance of Bitcoin and other digital assets as legitimate investment vehicles, signaling a broader change in investor sentiment toward cryptocurrencies.

美國金融市場最近的發展表明，比特幣交易所交易基金 (ETF) 在管理資產 (AUM) 方面超過了黃金 ETF。這一轉變標誌著人們越來越接受比特幣和其他數位資產作為合法投資工具的重大轉折點，標誌著投資者對加密貨幣的情緒發生了更廣泛的變化。

Bitcoin ETFs, which allow investors to gain exposure to Bitcoin without directly holding the cryptocurrency, have gained substantial traction in recent years. The launch of Bitcoin futures ETFs in 2021, followed by the approval of the first Bitcoin spot ETF in 2023, played a crucial role in expanding the availability of Bitcoin investment products in traditional financial markets. These ETFs provide an easy and regulated way for institutional and retail investors alike to participate in Bitcoin’s price movements, making it an attractive option for those seeking exposure to the digital asset.

比特幣 ETF 讓投資者在不直接持有加密貨幣的情況下獲得比特幣曝險，近年來獲得了巨大的關注。 2021 年比特幣期貨 ETF 的推出，以及 2023 年首隻比特幣現貨 ETF 的批准，為擴大傳統金融市場中比特幣投資產品的可用性發揮了至關重要的作用。這些 ETF 為機構和散戶投資者提供了一種簡單且受監管的方式來參與比特幣的價格變動，使其成為尋求數位資產投資的人的有吸引力的選擇。

As Bitcoin’s price surged to new highs and more investment products became available, the demand for Bitcoin ETFs continued to grow. In particular, institutional investors, looking to diversify their portfolios and hedge against inflation, have increasingly embraced Bitcoin as a store of value. This has been a key factor in the explosive growth of Bitcoin ETFs, which now collectively hold more assets than their gold counterparts.

隨著比特幣價格飆升至新高以及更多投資產品的出現，對比特幣ETF的需求持續成長。特別是，機構投資者為了實現投資組合多元化和對沖通膨，越來越多地接受比特幣作為價值儲存手段。這是比特幣 ETF 爆炸性成長的關鍵因素，目前比特幣 ETF 持有的資產總量比黃金 ETF 還要多。

Gold has traditionally been viewed as a safe haven asset and a store of value, especially during times of economic uncertainty. For decades, Gold ETFs have been a popular choice for investors seeking to hedge against inflation and global market volatility. Gold ETFs have been one of the largest and most established types of commodity ETFs, with billions of dollars in assets under management.

黃金傳統上被視為避險資產和價值儲存手段，尤其是在經濟不確定時期。幾十年來，黃金ETF一直是尋求對沖通膨和全球市場波動的投資者的熱門選擇。黃金ETF是規模最大、最成熟的商品ETF類型之一，管理著數十億美元的資產。

However, in recent years, Bitcoin has garnered increasing interest as an alternative to gold, particularly among younger investors and those with a higher risk tolerance. Bitcoin’s decentralized nature, capped supply, and potential for high returns have positioned it as a digital version of gold, often referred to as “digital gold.” As institutional investors and large funds poured capital into Bitcoin ETFs, the gap between the assets held in Bitcoin ETFs and Gold ETFs narrowed, eventually surpassing the gold market.

然而，近年來，比特幣作為黃金的替代品越來越受到人們的關注，特別是在年輕投資者和風險承受能力較高的投資者中。比特幣的去中心化性質、供應上限和高回報潛力使其成為黃金的數位版本，通常被稱為「數位黃金」。隨著機構投資者和大型基金向比特幣ETF注入資金，比特幣ETF和黃金ETF持有的資產差距縮小，最終超越黃金市場。

According to recent reports, Bitcoin ETFs now hold over $60 billion in assets, surpassing Gold ETFs which are valued at just under $50 billion. This marks a historic shift in the market, highlighting Bitcoin’s growing prominence and the increasing demand for cryptocurrency-based investment products.

根據最近的報告，比特幣 ETF 目前持有超過 600 億美元的資產，超過了價值略低於 500 億美元的黃金 ETF。這標誌著市場的歷史性轉變，凸顯了比特幣的日益突出以及對基於加密貨幣的投資產品不斷增長的需求。

The surpassing of Gold ETFs by Bitcoin ETFs in assets under management showcases the growing acceptance of Bitcoin and other digital assets in traditional financial markets. This shift, driven largely by the institutional adoption of cryptocurrencies, signals a brighter future for cryptocurrencies and could pave the way for further integration of crypto assets into broader investment strategies.

比特幣ETF在管理資產方面超越黃金ETF，顯示傳統金融市場對比特幣和其他數位資產的接受度不斷提高。這種轉變主要是由加密貨幣的機構採用所推動的，標誌著加密貨幣的光明未來，並可能為加密資產進一步整合到更廣泛的投資策略中鋪平道路。