現貨比特幣 ETF 可能從根本上改變了投資者看待加密貨幣投資的方式

在交易的第一個完整年度中，現貨比特幣交易所交易基金可能從根本上改變了投資者看待加密貨幣投資的方式。

Spot bitcoin exchange-traded funds began trading in January of 2024, opening up the crypto market to a wider range of investors and paving the way for more such products.

現貨比特幣交易所交易基金於 2024 年 1 月開始交易，向更廣泛的投資者開放了加密貨幣市場，並為更多此類產品鋪平了道路。

The launch also played a role in boosting the price of bitcoin (BTCUSD) to a series of record highs, as investors poured billions into the ETFs.

隨著投資者向 ETF 投入數十億美元，此次推出也推動比特幣 (BTCUSD) 價格創下一系列歷史新高。

Here's a look at some of the key takeaways from the launch of spot bitcoin ETFs.

以下是推出現貨比特幣 ETF 的一些關鍵要點。

ETFs Made Investing In Bitcoin More Accessible

ETF 讓投資比特幣變得更容易

Spot bitcoin ETFs made it easier for investors to gain exposure to the cryptocurrency.

現貨比特幣 ETF 讓投資者更容易獲得加密貨幣的投資。

Typically, if you wanted to buy bitcoin, you would need a cryptocurrency wallet and need to buy the token off a cryptocurrency exchange. Instead, if you opt for a bitcoin ETF, you can buy the product using your brokerage account like you would for any other ETF.

通常，如果您想購買比特幣，您將需要一個加密貨幣錢包，並且需要從加密貨幣交易所購買代幣。相反，如果您選擇比特幣 ETF，您可以像購買任何其他 ETF 一樣使用您的經紀帳戶購買該產品。

Investors have taken a liking to that ease and poured billions into spot bitcoin ETFs. That enthusiasm was evident among retail and institutional investors, with even traditional Wall Street firms and hedge funds getting in on the action.

投資者喜歡這種輕鬆的感覺，並向現貨比特幣 ETF 投入了數十億美元。這種熱情在散戶和機構投資者中顯而易見，甚至傳統的華爾街公司和對沖基金也加入了這項行動。

Bitcoin is often called digital gold, and bitcoin ETFs are quickly gaining popularity over gold ETFs.

比特幣通常被稱為數位黃金，比特幣 ETF 很快就超過了黃金 ETF。

Blackrock's iShares Bitcoin Trust (IBIT) is one of the more popular ETFs, with net inflows so far exceeding $37 billion. The fund has seen massive growth with assets at over $52 billion as of Jan. 9, significantly surpassing the IAU's $33 billion in assets and closing in on SPDR Gold Shares (GLD)—the largest gold ETF with assets over $75 billion.

Blackrock 的 iShares Bitcoin Trust (IBIT) 是最受歡迎的 ETF 之一，迄今為止淨流入超過 370 億美元。截至 1 月 9 日，該基金已實現大幅增長，資產規模超過 520 億美元，大幅超過 IAU 的 330 億美元資產，並接近 SPDR Gold Shares (GLD)——最大的黃金 ETF，資產超過 750 億美元。

Bitcoin ETFs, Halving, Trump Win Drove Price Rally

比特幣 ETF 減半、川普勝選推動價格上漲

Spot bitcoin ETFs hold the cryptocurrency as the underlying asset. So as more people put money into the ETF, the ETF has to buy more bitcoin. That demand helped drive bitcoin prices to record highs last year.

現貨比特幣 ETF 將加密貨幣作為基礎資產。因此，隨著越來越多的人將資金投入 ETF，ETF 必須購買更多的比特幣。去年，這種需求推動比特幣價格創下歷史新高。

Bitcoin was trading close to $46,000 on Jan. 10, when the Securities and Exchange Commission gave its approval for bitcoin ETFs to begin trading.

1 月 10 日，當美國證券交易委員會批准比特幣 ETF 開始交易時，比特幣的交易價格接近 46,000 美元。

Its price fell below $40,000 in the first few weeks after the ETFs started trading, but then went on to establish a new high of over $73,000 in March ahead of the bitcoin halving.

ETF 開始交易後的最初幾週內，其價格跌破 40,000 美元，但隨後在 3 月份比特幣減半之前創下了超過 73,000 美元的新高。

Bitcoin halving, an event that occurs roughly every four years, slows the pace at which new bitcoin are created. Tighter supply and roaring demand from the ETFs created an imbalance, driving prices higher.

比特幣減半大約每四年發生一次，減慢了新比特幣的創造速度。 ETF 的供應緊張和需求旺盛造成了失衡，推高了價格。

Donald Trump's victory in the November presidential election provided an additional boost, amid investor hopes that a crypto-friendly White House and Congress will adopt policies that support the asset class. Bitcoin hit multiple all-time highs in the weeks after the election, rising as high as $108,000 in mid-December. The digital currency was at $95,000 on Friday afternoon.

唐納德·川普在 11 月總統選舉中的勝利提供了額外的推動力，投資者希望對加密貨幣友好的白宮和國會將採取支持該資產類別的政策。比特幣在大選後的幾週內創下了多個歷史新高，在 12 月中旬飆升至 108,000 美元。週五下午，該數位貨幣價格為 95,000 美元。

Bitcoin ETFs Paved The Way For More Products

比特幣 ETF 為更多產品鋪平了道路

The success of the spot bitcoin ETFs has also led to the approval of other regulated, crypto-focused financial products such as spot ether ETFs (ETHUSD) and options trading on the spot bitcoin ETFs.

現貨比特幣 ETF 的成功也導致其他受監管、以加密貨幣為重點的金融產品獲得批准，例如現貨以太坊 ETF (ETHUSD) 和現貨比特幣 ETF 的選擇權交易。

The Trump administration, which is scheduled to take control on January 20th, is expected to relax crypto regulatory restrictions, which could lead to the approval of more crypto ETFs.

定於 1 月 20 日上台的川普政府預計將放寬加密貨幣監管限制，這可能會導致更多加密貨幣 ETF 獲得批准。

There are already proposals for XRP (XRPUSD) and Solana (SOLUSD) ETFs that have been sent to the SEC. Additionally, ETF analysts from Bloomberg see the potential for Litecoin (LTCUSD) and Hedera (HBARUSD) to have ETFs approved in 2025, following the approval of a combined bitcoin and ether ETF.

已經有關於 XRP (XRPUSD) 和 Solana (SOLUSD) ETF 的提案已發送給 SEC。此外，彭博社的 ETF 分析師認為，在比特幣和以太坊 ETF 獲得批准後，萊特幣 (LTCUSD) 和 Hedera (HBARUSD) 的 ETF 有可能在 2025 年獲得批准。