貝萊德的比特幣主導地位：加密圈的結構性轉變

貝萊德的 iShares 比特幣信託（IBIT）已成為比特幣所有權的主導力量，其持股超過了主要的加密貨幣交易所和企業投資者。這種快速成長歸功於機構投資者的信心和對 ETF 的熟悉，ETF 為投資比特幣提供了一個受監管且易於訪問的框架。貝萊德的主導地位超越了交易所，IBIT 的持股量超過了長期比特幣倡導者 MicroStrategy 的持股。 IBIT 的成長被視為比特幣近期價格飆升的潛在驅動力，分析師預測其持有量可能在幾週內超過 Grayscale 的比特幣信託（GBTC）。

BlackRock's Bitcoin Dominance: A Seismic Shift in the Cryptocurrency Landscape

貝萊德的比特幣主導地位：加密貨幣格局的巨大轉變

In a groundbreaking move that signals a profound transformation in the cryptocurrency ecosystem, BlackRock, the behemoth of asset management, has emerged as a formidable force in Bitcoin ownership. Through its iShares Bitcoin Trust (IBIT), BlackRock has amassed a staggering hoard of Bitcoin (BTC), eclipsing not only established crypto exchanges but also prominent corporate investors.

資產管理巨頭貝萊德的這項突破性舉措標誌著加密貨幣生態系統的深刻變革，已成為比特幣所有權領域的強大力量。透過其 iShares 比特幣信託 (IBIT)，貝萊德累積了驚人的比特幣 (BTC) 儲備，不僅讓成熟的加密貨幣交易所黯然失色，也讓知名企業投資者黯然失色。

This meteoric rise is attributed to a surge in institutional investor confidence in Bitcoin as a legitimate asset class. Historically, investing in cryptocurrency has been a labyrinthine process for institutional investors, involving navigating unregulated exchanges and securing private wallets.

這種迅速崛起歸因於機構投資者對比特幣作為合法資產類別的信心激增。從歷史上看，對於機構投資者來說，投資加密貨幣一直是一個迷宮般的過程，涉及不受監管的交易所和保護私人錢包的安全。

ETFs like IBIT offer a familiar and regulated framework, mirroring the investment process for stocks and bonds. This accessibility has fueled the unprecedented inflows into IBIT, which now boasts a staggering 243,130 BTC, according to crypto analyst Ali.

IBIT 等 ETF 提供了一個熟悉且受監管的框架，反映了股票和債券的投資流程。根據加密貨幣分析師 Ali 的說法，這種可及性推動了 IBIT 前所未有的資金流入，目前 IBIT 擁有驚人的 243,130 BTC。

BlackRock's Bitcoin ETF, launched in mid-January 2024, now holds more BTC than OKX and Kraken combined, two crypto exchanges that have been operational since 2017 and 2011, respectively. This seismic shift suggests a potential power handover, with traditional financial institutions like BlackRock assuming the reins of Bitcoin asset management from crypto-native exchanges.

貝萊德的比特幣 ETF 於 2024 年 1 月中旬推出，目前持有的 BTC 數量比 OKX 和 Kraken 的總和還多，這兩家加密貨幣交易所分別自 2017 年和 2011 年開始營運。這一巨大的轉變表明潛在的權力交接，貝萊德等傳統金融機構將從加密原生交易所接管比特幣資產管理的控制權。

BlackRock's dominance extends beyond exchanges. IBIT's holdings even surpass those of MicroStrategy, a renowned corporate champion of Bitcoin, which holds an estimated 214,246 BTC. This unexpected development underscores the growing institutional appetite for Bitcoin and the potential for IBIT to exert a profound influence on the overall market.

貝萊德的主導地位不僅限於交易所。 IBIT 的持股甚至超過了著名的比特幣冠軍企業 MicroStrategy，後者持有約 214,246 枚比特幣。這一意想不到的發展凸顯了機構對比特幣日益增長的興趣以及 IBIT 對整個市場產生深遠影響的潛力。

Analysts like Ali observe a potential correlation between IBIT's growth and the recent surge in Bitcoin prices, currently hovering around $66,948. The increasing demand for IBIT is believed to be fueling the upward trajectory of Bitcoin's value. Additionally, Ali suggests that a sustained break above $66,990 could trigger a further ascent towards $72,880.

Ali 等分析師觀察到 IBIT 的成長與近期比特幣價格飆升之間存在潛在相關性，目前比特幣價格徘徊在 66,948 美元左右。人們認為，對 IBIT 的需求不斷增長將推動比特幣價值的上漲。此外，阿里表示，持續突破 66,990 美元可能會引發進一步上漲至 72,880 美元。

IBIT's rapid growth also poses a formidable challenge to Grayscale's Bitcoin Trust (GBTC), the long-standing leader in Bitcoin ETFs. With average daily inflows of $274 million and an estimated 4,120 new Bitcoin entering IBIT every day, it is projected to surpass GBTC's holdings within the next three weeks. In contrast, GBTC has experienced outflows exceeding $277 million over the past two weeks.

IBIT 的快速成長也對比特幣 ETF 領域的長期領導者 Grayscale 的比特幣信託（GBTC）構成了巨大的挑戰。平均每日流入量為 2.74 億美元，預計每天有 4,120 個新比特幣進入 IBIT，預計未來三週內將超過 GBTC 的持有量。相比之下，GBTC 在過去兩週內的資金流出超過 2.77 億美元。

While the future trajectory of Bitcoin prices remains uncertain, BlackRock's involvement undoubtedly signals a new era for the cryptocurrency. The world's largest asset manager's commitment to Bitcoin through IBIT lends unparalleled legitimacy to the asset class and paves the way for a surge in institutional investment.

儘管比特幣價格的未來走勢仍不確定，但貝萊德的參與無疑標誌著加密貨幣的新時代的到來。全球最大的資產管理公司透過 IBIT 對比特幣的承諾為該資產類別提供了無與倫比的合法性，並為機構投資的激增鋪平了道路。

With its growing influence, BlackRock is poised to become a preeminent force in shaping the future of Bitcoin and the broader cryptocurrency market. Its dominance in Bitcoin ownership is a testament to the growing institutional adoption of cryptocurrency and the potential for it to become a mainstream asset class in the years to come.

隨著影響力的不斷增強，貝萊德有望成為塑造比特幣和更廣泛的加密貨幣市場未來的卓越力量。它在比特幣所有權中的主導地位證明了加密貨幣越來越多的機構採用以及它在未來幾年成為主流資產類別的潛力。