摩根大通和富國銀行擁抱現貨比特幣 ETF，標誌著機構轉變

摩根大通和富國銀行揭露了對現貨比特幣 ETF 的適度投資，加入了法國巴黎銀行和紐約梅隆銀行的行列，順應了傳統金融機構進入比特幣市場的趨勢。這些文件顯示機構投資者對數位資產的興趣日益濃厚，隨著成熟的投資者進入該領域，預計資金將進一步流入。

Institutional Embraces Spot Bitcoin ETFs: JP Morgan and Wells Fargo Join the Fray

機構擁抱現貨比特幣 ETF：摩根大通和富國銀行加入競爭

New York, May 12, 2023 - Global banking behemoths JP Morgan and Wells Fargo have entered the burgeoning landscape of Bitcoin exchange-traded funds (ETFs), signaling a monumental shift in the traditional financial sector's perception of digital assets. Their recent 13F disclosures, filed on May 10, shed light on modest but significant investments in spot Bitcoin ETFs.

紐約，2023 年 5 月 12 日 - 全球銀行業巨頭摩根大通和富國銀行已進入比特幣交易所交易基金 (ETF) 的新興領域，標誌著傳統金融部門對數位資產的看法發生了巨大轉變。他們於 5 月 10 日提交的最新 13F 披露披露了對現貨比特幣 ETF 的適度但重要的投資。

JP Morgan's foray into this nascent market is marked by a $731,246 allocation across four distinct Bitcoin ETFs: BlackRock's iShares Bitcoin Trust (IBIT), Bitwise Bitcoin ETF (BITB), Constancy's Bitcoin ETF (FBTC), and Grayscale Bitcoin Trust (GBTC). A lion's share of this investment, amounting to $477,425, was channeled into IBIT. Meanwhile, Wells Fargo reported a $141,817 stake in Grayscale's GBTC during the first quarter.

摩根大通進軍這個新興市場的標誌是在四個不同的比特幣ETF 中配置了731,246 美元：貝萊德的iShares 比特幣信託(IBIT)、Bitwise 比特幣ETF (BITB)、Constancy 的比特幣ETF (FBTC ) 和灰階比特幣信託(GBTC)。這項投資的大部分（總計 477,425 美元）流入了 IBIT。同時，富國銀行報告第一季持有 Grayscale 的 GBTC 股份價值 141,817 美元。

These revelations follow similar disclosures by BNP Paribas and BNY Mellon, indicating a burgeoning trend among traditional financial institutions to cautiously explore the Bitcoin ETF market. Notably, major banks Morgan Stanley and UBS have expressed their intention to enable client access to spot Bitcoin ETFs, although they have yet to disclose direct exposure to Bitcoin as of this writing.

法國巴黎銀行和紐約梅隆銀行也曾披露過類似訊息，顯示傳統金融機構謹慎探索比特幣 ETF 市場的趨勢正在興起。值得注意的是，主要銀行摩根士丹利和瑞銀已表示有意讓客戶能夠購買現貨比特幣 ETF，儘管截至本文撰寫時他們尚未披露對比特幣的直接敞口。

Industry experts, including BlackRock's head of digital assets, envision a steady increase in institutional capital inflows into Bitcoin ETFs. They anticipate the participation of sophisticated entities, such as sovereign wealth funds, to further amplify the momentum.

包括貝萊德數位資產主管在內的行業專家預計，流入比特幣 ETF 的機構資本將穩定增加。他們預計主權財富基金等成熟實體的參與將進一步放大這一勢頭。

BlackRock's Internal Investment

貝萊德的內部投資

BlackRock's 13F filing on May 10 reveals a $6.6 million self-investment in its IBIT fund. This strategy mirrors that of other spot Bitcoin ETF issuers, who have similarly invested in their funds. Ark Invest currently holds $206.4 million of its ARKB fund, while Van Eck maintains $98,000 of its HODL fund.

貝萊德 5 月 10 日提交的 13F 文件顯示，對其 IBIT 基金進行了 660 萬美元的自我投資。這項策略反映了其他現貨比特幣 ETF 發行人的策略，他們也對其基金進行了類似的投資。 Ark Invest 目前持有其 ARKB 基金 2.064 億美元，而 Van Eck 持有其 HODL 基金 98,000 美元。

BlackRock's latest investment coincides with IBIT's strong performance. It boasts the highest cumulative inflows among spot Bitcoin ETFs, with $15,490, and ranks as the second-largest spot Bitcoin ETF in terms of assets under management. Furthermore, IBIT has set a new record by amassing $10 billion in assets under management.

貝萊德的最新投資與 IBIT 的強勁表​​現不謀而合。它擁有現貨比特幣ETF中最高的累積流入量，達15,490美元，以管理資產計算是第二大現貨比特幣ETF。此外，IBIT 管理資產達到 100 億美元，創下了新紀錄。

Bloomberg ETF analyst Eric Balchunas remarked on this remarkable milestone, stating:

彭博 ETF 分析師 Eric Balchunas 評論了這一非凡的里程碑，他表示：

"The record pace for an ETF to reach $10b in assets was held by JEPQ, who did it in 647 trading days...IBIT got there in 49 days, FBTC in 77 days."

“ETF 資產達到 100 億美元的紀錄速度由 JEPQ 保持，他在 647 個交易日內做到了……IBIT 用了 49 天，FBTC 用了 77 天。”

Growing Institutional Participation

越來越多的機構參與

Beyond JP Morgan and Wells Fargo, numerous other financial institutions and corporations have recently disclosed investments in spot Bitcoin ETFs. These include Hightower Advisors, US Bancorp, SouthState, Susquehanna International Group, Burkett Financial Services, and Legacy Wealth Asset Management.

除了摩根大通和富國銀行之外，許多其他金融機構和公司最近也揭露了對現貨比特幣 ETF 的投資。其中包括 Hightower Advisors、US Bancorp、SouthState、Susquehanna International Group、Burkett Financial Services 和 Legacy Wealth Asset Management。

These firms join a growing roster of over 240 institutional investors in IBIT and 130 investors in FBTC, according to data from Fintel. Grayscale's GBTC, which existed prior to its conversion to an ETF in January, has attracted investments from more than 467 corporations.

Fintel 的數據顯示，這些公司加入了 IBIT 超過 240 家機構投資者和 FBTC 130 家投資者的行列。 Grayscale 的 GBTC 在 1 月轉換為 ETF 之前就已經存在，已吸引了超過 467 家公司的投資。

The embrace of spot Bitcoin ETFs by traditional financial institutions signifies a shift in sentiment toward cryptocurrencies and a growing recognition of their potential as an alternative investment class. As institutional participation expands, the market for Bitcoin ETFs is poised for continued growth and mainstream adoption.

傳統金融機構對現貨比特幣 ETF 的接受，標誌著人們對加密貨幣的態度發生轉變，並越來越認識到其作為另類投資類別的潛力。隨著機構參與的擴大，比特幣 ETF 市場可望持續成長和主流採用。