為什麼ishares比特幣信託ETF（IBIT）表現優於標準普爾500？

比特幣在一個月內首次越過了90,000美元的水平，而像500億美元IBIT這樣的比特幣ETF躍升了4％以上，在今年的Breakeven價格點上取得了成功。

The iShares Bitcoin Trust ETF (IBIT) is outperforming the S&P 500 in what is supposed to be a risk-off market environment. Bitcoin crossed the $90,000 level Tuesday for the first time in a month, and Bitcoin ETFs like the $50 billion IBIT surged more than 4%, getting closer to the breakeven price point for the year.

iShares比特幣信託ETF（IBIT）在本來可以成為風險的市場環境中表現優於標準普爾500指數。比特幣在一個月內首次越過了90,000美元的水平，而比特幣ETF像500億美元的IBIT飆升超過4％，接近今年的盈虧平價。

Compare this to the largest stock market proxy and exchange-traded fund, the Vanguard S&P 500 ETF (VOO), which is still down 10% YTD, and the recently high-flying tech sector, which saw a steep decline of roughly 17% through Tuesday's session.

將此與最大的股票市場代理和交易所交易基金，Vanguard S＆P 500 ETF（VOO）相比，該基金仍然下跌了10％，而最近高空飛行的科技領域在周二的會議上大約下降了約17％。

How can volatile Bitcoin ETFs like IBIT outperform U.S. stocks amid trade war escalation fears and heightened economic and market uncertainty?

在貿易戰爭升級的擔憂以及經濟和市場不確定性的增加，像IBIT這樣的波動比特幣ETF如何勝過美國的股票？

As noted here at etf.com earlier this month, the world’s most valuable cryptocurrency has been diverging from the tech-heavy Nasdaq-100 and broad equity markets in 2024 to act more like a safe haven than a feared digital asset when markets become volatile.

正如本月初在ETF.com上指出的那樣，全球最有價值的加密貨幣與2024年的高科技納斯達克-100和廣泛的股票市場有所不同，而當市場變得波動時，比恐懼的數字資產更像是避風港。

While still performing far below the lofty heights of precious metals like gold in 2024, Bitcoin is finally acting like the “digital gold” moniker it was previously given.

比特幣的表現仍低於2024年黃金等貴金屬高度，但終於表現得像以前給出的“數字黃金”綽號。

Why IBIT, Other Bitcoin ETFs Are Outperforming in 2024

為什麼ibit，其他比特幣ETF在2024年表現優於

In 2024, spot Bitcoin ETFs like IBIT have shown notable resilience and, at times, outperformance compared to traditional equity benchmarks such as the S&P 500.

在2024年，像IBIT這樣的斑點比特幣ETF表現出顯著的彈性，有時與傳統的股權基準（例如標準普爾500）相比，有時表現出色。

As of Tuesday, IBIT has advanced 4% over the past month, whereas VOO and other S&P 500 ETFs are down about 8% during the same period.

截至週二，IBIT在過去一個月中的增長4％，而VOO和其他同期ETF在同一時期下降了約8％。

This performance divergence suggests that Bitcoin is increasingly being viewed as a potential safe-haven asset amid market volatility. Several factors contribute to this perception.

這種性能差異表明，由於市場波動，比特幣越來越被視為潛在的避風勢資產。幾個因素導致了這種看法。

Decentralization and Limited Supply

權力下放和有限的供應

Bitcoin's decentralized nature and capped supply of 21 million coins make it an attractive asset for investors seeking assets that are less susceptible to inflation and centralized control.

比特幣的分散性質和2100萬枚硬幣的封頂供應使其成為尋求不易通貨膨脹和集中控制資產的投資者的有吸引力的資產。

Bitcoin ETFs Smash Records Amid Institutional Adoption

在機構採用的情況下，比特幣ETF粉碎了記錄

The rapid growth of spot Bitcoin ETFs, such as IBIT, which reached $50 billion in assets under management faster than any other ETF, underscores the increasing interest from institutional investors.

諸如IBIT之類的現貨比特幣ETF的快速增長，該公司的管理資產比任何其他ETF都要快500億美元，這強調了機構投資者的興趣越來越大。

Comparative Performance

比較性能

During recent market selloffs, Bitcoin's performance compares favorably to traditional safe-haven assets like gold and long-term Treasury bonds on a risk-adjusted basis.

在最近的市場拋售過程中，比特幣的績效與傳統的安全資產（如黃金和長期債券債券）相比，在風險調整後的基礎上進行了比較。

Bottom Line

底線

Although its recent performance is impressive, especially given the volatile market environment, investors should be aware that Bitcoin's safe-haven status is still evolving. While it has shown resilience recently, its historical volatility remains a concern for many investors.

儘管其最近的表現令人印象深刻，尤其是考慮到易變的市場環境，但投資者應該意識到比特幣的安全狀況仍在不斷發展。儘管最近顯示出韌性，但其歷史波動仍然是許多投資者的關注點。

As such, while spot Bitcoin ETFs like IBIT offer exposure to this emerging asset class, they should be considered within the context of an investor's overall risk tolerance and investment objectives.

因此，儘管像IBIT這樣的現貨比特幣ETF提供了對這種新興資產類別的接觸，但應在投資者的總體風險承受能力和投資目標的背景下考慮它們。