比特幣 ETF 管理資產規模首次超過黃金 ETF

對於比特幣來說，這是一個極其強勁的時期，因為這些 ETF 剛剛在 11 個月前推出，而黃金 ETF 已經在市場上存在了 20 多年。

For the first time ever, Bitcoin exchange-traded funds (ETFs) have now surpassed gold ETFs in assets under management (AUM).

比特幣交易所交易基金 (ETF) 的管理資產 (AUM) 首次超過黃金 ETF。

On Friday, U.S. Bitcoin ETFs hit a combined total of $129 billion, overtaking the $128 billion held by gold ETFs on December 16, 2024, data from K33 Research and Bloomberg analyst Eric Balchunas shows.

K33 Research 和彭博社分析師 Eric Balchunas 的數據顯示，週五，美國比特幣 ETF 總持有量達到 1,290 億美元，超過了 2024 年 12 月 16 日黃金 ETF 持有的 1,280 億美元。

This is a stellar achievement for Bitcoin considering these ETFs were only launched 11 months ago, while gold ETFs have been present in the market for more than 20 years.

考慮到這些 ETF 僅在 11 個月前推出，而黃金 ETF 已在市場上存在了 20 多年，這對比特幣來說是一項了不起的成就。

The boom in the growth of Bitcoin ETFs highlights the increasing demand for cryptocurrencies from institutional investors and optimism toward Bitcoin’s future.

比特幣 ETF 的蓬勃發展凸顯了機構投資者對加密貨幣的需求不斷增加以及對比特幣未來的樂觀態度。

Leading the pack is BlackRock’s iShares Bitcoin Trust (IBIT), which now holds nearly $60 billion in assets, even surpassing BlackRock’s gold ETF, iShares Gold Trust (IAU), earlier this year.

處於領先地位的是貝萊德的 iShares 比特幣信託 (IBIT)，該公司目前持有近 600 億美元的資產，甚至在今年早些時候超過了貝萊德的黃金 ETF iShares Gold Trust (IAU)。

However, when looking at spot ETFs specifically, gold has an edge by a tiny margin. Gold’s spot ETFs are valued at around $125 billion and Bitcoin’s spot ETFs at about $120 billion. That’s a pretty small gap in how far Bitcoin has traveled in such a short space of time.

然而，當具體考察現貨 ETF 時，黃金略為優勢。黃金現貨 ETF 估值約 1,250 億美元，比特幣現貨 ETF 估值約 1,200 億美元。與比特幣在如此短的時間內走了多遠相比，這只是一個很小的差距。

The bitcoin ETFs are part of the “debasement trade,” an investment trend that is fueled by increasing global economic uncertainty, high inflation, and concern over rising government deficits, leading investors to seek out safe-haven assets like Bitcoin and gold.

比特幣ETF是「貶值交易」的一部分，這種投資趨勢是由全球經濟不確定性增加、高通膨以及對政府赤字上升的擔憂所推動的，導致投資者尋求比特幣和黃金等避險資產。

In response to this, Bitcoin’s price has increased and pushed the ratio of Bitcoin-to-gold to its all-time highest.

作為回應，比特幣的價格上漲，並將比特幣與黃金的比率推至歷史最高水準。

Over 2024 alone, the spot Bitcoin ETFs have already taken in over 500,000 Bitcoin or even 2.5% of all Bitcoin in circulation. In today’s world, it’s the largest Bitcoin holder of all time and already has surpassed the iconic Satoshi Nakamoto wallet. There is no doubt that US-based Bitcoin ETFs hold a monopoly at around 1.1 million BTC.

光是 2024 年，現貨比特幣 ETF 就已經吸收了超過 50 萬枚比特幣，甚至佔流通中比特幣總量的 2.5%。在當今世界，它是有史以來最大的比特幣持有者，並且已經超過了標誌性的中本聰錢包。毫無疑問，美國的比特幣 ETF 佔據著 110 萬比特幣左右的壟斷地位。

But another point is that it will not come until the deluge of brand-new cryptocurrency exchange-traded funds pour in in 2025 and potentially may not only come with the blended Bitcoin and Ether ETFs but could go beyond and include an opportunity for Litecoin ETFs and possibly even more digital coins, Bloomberg industry expert James Seyffart adds.

但另一點是，直到2025 年大量全新的加密貨幣交易所交易基金湧入時，這種情況才會到來，並且可能不僅會出現比特幣和以太坊ETF 的混合，而且可能會更進一步，包括萊特幣ETF 和彭博社產業專家 James Seyffart 補充道，可能還會有更多的數位貨幣。