比特幣取代黃金成為 ETF 市場的領先金融資產

比特幣已取代黃金成為 ETF 市場的領先金融資產，標誌著投資者需求發生歷史性轉變。

Bitcoin has overtaken gold as the leading financial asset in the ETF market, marking a historic shift in investor demand.

比特幣已取代黃金成為 ETF 市場的領先金融資產，標誌著投資者需求發生歷史性轉變。

On December 17, Vetle Lunde, an analyst at crypto market research firm K33 Research, shared the milestone via X, highlighting the moment.

12 月 17 日，加密貨幣市場研究公司 K33 Research 的分析師 Vetle Lunde 透過 X 分享了這一里程碑，強調了這一時刻。

“In the United States, Bitcoin ETF AUM has surpassed gold ETF AUM. Gold, with a 20-year head start, has been flipped,” wrote Lunde.

「在美國，比特幣 ETF 的資產管理規模已經超過了黃金 ETF 的資產管理規模。黃金領先了 20 年，現在已經發生了逆轉。

The development comes as gold ETFs were first introduced in 2003, giving the precious metal a significant head start. In comparison, Bitcoin spot ETFs in the United States were only launched in January 2024 after years of regulatory delays. Despite this gap, Bitcoin ETFs have managed to outpace gold ETFs in AUM, signaling growing institutional and retail confidence in the digital asset.

這項發展正值黃金ETF於2003年首次推出之際，為貴金屬帶來了顯著的領先優勢。相較之下，美國的比特幣現貨 ETF 在經歷了多年的監管拖延後才於 2024 年 1 月推出。儘管存在這一差距，比特幣 ETF 的資產管理規模仍成功超過黃金 ETF，這表明機構和散戶對數位資產的信心不斷增強。

Bitcoin Surges Past Gold in ETF Assets Under Management (AUM)

比特幣在 ETF 資產管理規模 (AUM) 的表現超越黃金

The approval of Bitcoin spot ETFs marked a turning point for cryptocurrency adoption within traditional financial markets. These products allow investors to gain direct exposure to Bitcoin without holding the asset itself, bridging the gap between digital assets and traditional finance.

比特幣現貨 ETF 的批准標誌著傳統金融市場採用加密貨幣的轉捩點。這些產品允許投資者直接接觸比特幣，而無需持有資產本身，從而彌合了數位資產與傳統金融之間的差距。

The milestone reflects surging investor demand for regulated and accessible Bitcoin investment vehicles, particularly given Bitcoin’s strong price performance throughout 2024.

這一里程碑反映出投資者對受監管且易於使用的比特幣投資工具的需求激增，特別是考慮到比特幣在 2024 年全年的強勁價格表現。

The rapid growth of Bitcoin ETFs also mirrors increasing institutional interest. Financial giants like BlackRock, Fidelity, and Ark Invest have launched Bitcoin ETFs, providing credibility and exposure to a wider investor base. Their involvement has fueled competition, driving significant inflows into these products.

比特幣 ETF 的快速成長也反映出機構興趣的增加。貝萊德、富達和 Ark Invest 等金融巨頭推出了比特幣 ETF，為更廣泛的投資者群體提供了可信度和曝險。他們的參與加劇了競爭，推動大量資金流入這些產品。

Gold has long been regarded as a hedge against economic instability and inflation. For decades, investors opted for gold ETFs as a safe store of value. However, Bitcoin is increasingly seen as “digital gold,” offering a more modern, decentralized alternative with similar store-of-value properties. Bitcoin’s limited supply — capped at 21 million coins — has made it particularly attractive in inflationary environments.

長期以來，黃金一直被視為對沖經濟不穩定和通膨的工具。幾十年來，投資人選擇黃金ETF作為安全的價值儲存手段。然而，比特幣越來越被視為“數位黃金”，它提供了一種更現代、去中心化的替代品，具有類似的價值儲存特性。比特幣的供應量有限（上限為 2100 萬枚），這使得它在通貨膨脹環境下特別有吸引力。

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