貝萊德的比特幣 ETF 以前所未有的 70 天連續資金流入統治華爾街

貝萊德旗下的iShares 比特幣信託基金(IBIT) 取得了非凡的成功，創下了歷史性的連續70 天資金流入記錄，一舉躋身交易所交易基金(ETF) 的單日流入時間最長的前10名。投資者興趣的激增導致 IBIT 管理的比特幣價值超過 150 億美元，使其有可能超越灰階比特幣信託 (GBTC)，成為全球最大的比特幣基金。富達 (Fidelity) 比特幣 ETF (FBTC) 的出現帶來了競爭，但 IBIT 與貝萊德 (BlackRock) 的關係賦予其顯著優勢。著名 ETF 分析師 Eric Balchunas 讚揚了 IBIT 的表現，並將其與 JETS ETF 成功的 70 天連續資金流入進行比較。然而，由於加密貨幣的波動性和監管的不確定性，與比特幣相關的投資的長期可行性仍存在疑問。

BlackRock's Bitcoin ETF Dominates the Financial Landscape with Unprecedented Growth

貝萊德的比特幣 ETF 以前所未有的成長主導金融格局

BlackRock's iShares Bitcoin Trust (IBIT), a ground-breaking exchange-traded fund (ETF) that provides investors with exposure to the price movements of Bitcoin, has emerged as a juggernaut within the financial realm. With a record-shattering 70 consecutive days of inflows, IBIT has propelled itself into the elite ranks of the top 10 ETFs with the most extended daily inflow streaks, joining the league of industry titans. This unparalleled achievement has sent ripples through the financial community, sparking intense debates and speculations about the underlying factors driving IBIT's meteoric rise.

貝萊德的 iShares 比特幣信託 (IBIT) 是一款開創性的交易所交易基金 (ETF)，為投資者提供了解比特幣價格變動的機會，已成為金融領域的巨頭。 IBIT以創紀錄的連續70天資金流入，躋身單日資金流入最長的前10名ETF行列，躋身產業巨頭聯盟。這一無與倫比的成就在金融界引起了軒然大波，引發了關於推動IBIT迅速崛起的根本因素的激烈辯論和猜測。

A New Era for Bitcoin Investing

比特幣投資的新時代

The advent of spot Bitcoin ETFs in early 2024 has revolutionized the investment landscape for cryptocurrencies. Unlike their futures-based counterparts, spot Bitcoin ETFs enable investors to gain exposure to the price movements of the flagship cryptocurrency without the complexities of owning and storing Bitcoin directly. This newfound accessibility has ignited a surge in investor interest, propelling IBIT to the forefront of this transformative trend.

2024 年初現貨比特幣 ETF 的出現徹底改變了加密貨幣的投資格局。與基於期貨的同類產品不同，現貨比特幣 ETF 使投資者能夠了解旗艦加密貨幣的價格變動，而無需直接擁有和儲存比特幣的複雜性。這種新發現的可及性激發了投資者興趣的激增，推動 IBIT 走在這一變革趨勢的最前沿。

IBIT's Dominance and the Dethronement of GBTC

IBIT 的統治地位與 GBTC 的廢墟

IBIT's relentless inflows have amassed a substantial war chest of over $15 billion worth of Bitcoin, a testament to its overwhelming popularity. This rapid accumulation has financial analysts predicting IBIT's imminent supremacy over the Grayscale Bitcoin Trust (GBTC), the erstwhile titan of the Bitcoin fund industry. GBTC, operating on a different structural framework, has lately experienced consistent outflows, further solidifying IBIT's position as the preferred destination for Bitcoin investors.

IBIT 的持續資金流入已經累積了價值超過 150 億美元的大量比特幣，這證明了其壓倒性的受歡迎程度。這種快速累積讓金融分析師預測 IBIT 即將超越灰階比特幣信託基金 (GBTC)，後者是比特幣基金產業的昔日巨頭。 GBTC 在不同的結構框架上運行，最近經歷了持續的資金外流，進一步鞏固了 IBIT 作為比特幣投資者首選目的地的地位。

Battle for Bitcoin ETF Supremacy: IBIT vs. FBTC

比特幣 ETF 霸主之戰：IBIT 與 FBTC

While IBIT reigns supreme in terms of total holdings, a formidable challenger has emerged on the horizon – Fidelity's Bitcoin ETF (FBTC). In recent trading sessions, FBTC has managed to outpace IBIT in daily inflows, highlighting the intensifying competition within the burgeoning Bitcoin ETF space. However, IBIT retains a distinct advantage – the unwavering backing of BlackRock, a financial behemoth with a colossal asset portfolio exceeding $11 trillion. BlackRock's unparalleled reputation, extensive reach, and institutional investor base could prove instrumental in attracting even more capital towards IBIT, solidifying its dominance in the years to come.

雖然 IBIT 在總持有量方面佔據主導地位，但一個強大的挑戰者已經出現——富達的比特幣 ETF (FBTC)。在最近的交易日中，FBTC 的每日資金流入量已超過 IBIT，凸顯了新興的比特幣 ETF 領域的競爭加劇。然而，IBIT 保留了一個明顯的優勢——擁有超過 11 兆美元龐大資產組合的金融巨頭貝萊德的堅定支持。貝萊德無與倫比的聲譽、廣泛的影響力和機構投資者基礎可能有助於吸引更多資本投資 IBIT，從而鞏固其在未來幾年的主導地位。

Top Analyst Weighs In: Eric Balchunas' Endorsement

頂級分析師的觀點：埃里克·巴爾丘納斯 (Eric Balchunas) 的認可

Adding further credence to IBIT's remarkable trajectory is the vocal support of Eric Balchunas, a renowned ETF analyst at Bloomberg. Balchunas, an astute observer of the ETF market, has been a staunch advocate for IBIT, celebrating its imminent 70-day inflow milestone and highlighting its potential to join the elite ranks of the most successful ETFs in history. Balchunas' comparison of IBIT's feat to the impressive 70-day inflow streak of the JETS ETF, which tracks airline industry companies, further underscores the significance of IBIT's achievement, particularly within the nascent Bitcoin ETF market.

彭博社著名 ETF 分析師 Eric Balchunas 的大力支持進一步證明了 IBIT 的非凡發展軌跡。 Balchunas 是 ETF 市場的敏銳觀察者，一直是 IBIT 的堅定擁護者，慶祝其即將實現的 70 天資金流入里程碑，並強調其有潛力加入歷史上最成功 ETF 的精英行列。 Balchunas 將 IBIT 的壯舉與追蹤航空業公司的 JETS ETF 令人印象深刻的 70 天資金連續流入進行了比較，進一步強調了 IBIT 成就的重要性，特別是在新興的比特幣 ETF 市場中。

Sustainability Concerns: Long-Term Viability of IBIT

永續性議題：IBIT 的長期生存能力

Despite IBIT's meteoric rise and the accolades it has garnered from industry experts, questions linger regarding its long-term viability as a sustainable investment option. The future of Bitcoin itself remains uncertain, subject to inherent volatility and fluctuations driven by market dynamics. The cryptocurrency's susceptibility to geopolitical events, regulatory changes, and technological advancements raises concerns about the stability and predictability of Bitcoin-linked investments. Additionally, evolving regulatory frameworks and potential shifts in government policies could potentially hinder IBIT's growth trajectory, introducing unforeseen obstacles to its continued success.

儘管 IBIT 迅速崛起並獲得了行業專家的讚譽，但其作為永續投資選擇的長期可行性仍存在疑問。比特幣本身的未來仍然不確定，受到市場動態驅動的內在波動和波動的影響。加密貨幣對地緣政治事件、監管變化和技術進步的敏感度引發了人們對比特幣相關投資的穩定性和可預測性的擔憂。此外，不斷發展的監管框架和政府政策的潛在變化可能會阻礙 IBIT 的成長軌跡，為其持續成功帶來不可預見的障礙。

Conclusion: A Paradigm Shift in Bitcoin Investing

結論：比特幣投資典範的轉變

IBIT's record-breaking 70 consecutive days of inflows have undoubtedly transformed the landscape of Bitcoin investing. As the first spot Bitcoin ETF, IBIT has paved the way for mainstream investors to gain exposure to the world's most popular cryptocurrency, attracting billions of dollars in capital and propelling its dominance within the ETF industry. While questions about its long-term sustainability linger, IBIT's unwavering momentum and the backing of BlackRock position it as a formidable force in the financial landscape. Only time will tell whether IBIT can sustain its remarkable trajectory and ultimately reshape the future of Bitcoin investing.

IBIT 創紀錄的連續 70 天資金流入無疑改變了比特幣投資的模式。作為首隻現貨比特幣ETF，IBIT為主流投資者接觸全球最受歡迎的加密貨幣鋪平了道路，吸引了數十億美元的資金，並推動其在ETF行業的主導地位。儘管對其長期可持續性的質疑依然存在，但 IBIT 堅定不移的勢頭和貝萊德的支持使其成為金融領域的一股強大力量。只有時間才能證明 IBIT 能否維持其非凡的發展軌跡並最終重塑比特幣投資的未來。