現貨比特幣 ETF 在全球範圍內激增，刺激了加密貨幣的採用

現貨比特幣 ETF 在美國的迅速成功引發了其他司法管轄區的興趣。香港最近推出了現貨ETF產品，澳洲正在積極考慮申請。這些發展標誌著主流金融接受加密貨幣的全球趨勢。

The Meteoric Rise of Spot Bitcoin ETFs: A Global Phenomenon

現貨比特幣 ETF 的快速崛起：全球現象

In the realm of cryptocurrency investment, the launch of spot Bitcoin exchange-traded funds (ETFs) has ignited a global wave of enthusiasm. These ETFs, which allow investors to gain exposure to Bitcoin's price fluctuations without directly holding the underlying asset, have proven to be a resounding success in the United States, Hong Kong, and Australia, fueling optimism for further adoption around the world.

在加密貨幣投資領域，現貨比特幣ETF的推出在全球掀起了一股熱潮。這些ETF 允許投資者在不直接持有標的資產的情況下獲得比特幣價格波動的敞口，事實證明，這些ETF 在美國、香港和澳大利亞取得了巨大成功，激發了人們對全球進一步採用的樂觀情緒。

US: A Market on Fire

美國：市場火熱

The debut of spot Bitcoin ETFs in the US has been an unprecedented success story for the cryptocurrency industry. BlackRock's iShares Bitcoin Trust (IBIT), the first of its kind, amassed a staggering $10 billion in assets within days of its launch, surpassing any other ETF debut in history. The remarkable performance of these ETFs is evident in their average return of 43% since their inception.

現貨比特幣 ETF 在美國的首次亮相對於加密貨幣行業來說是一個前所未有的成功故事。貝萊德 (BlackRock) 的 iShares 比特幣信託 (IBIT) 是同類產品中的首個，在推出後幾天內就積累了驚​​人的 100 億美元資產，超過了歷史上任何其他首次亮相的 ETF。這些 ETF 自成立以來平均回報率為 43%，表現出色。

Hong Kong: Asia's Gateway to Crypto

香港：亞洲加密貨幣的門戶

Recognizing the growing demand for crypto investments, Hong Kong has joined the ETF revolution. On April 30, the financial hub debuted a suite of spot ETF offerings, much to the excitement of investors. Three prominent Chinese asset managers, China Asset Management, Bosera Asset Management, and Harvest Global Investments, launched six cryptocurrency ETFs on the Hong Kong Stock Exchange.

認識到對加密貨幣投資不斷增長的需求，香港加入了 ETF 革命。 4 月 30 日，這個金融中心推出了一系列現貨 ETF 產品，讓投資人感到興奮。中國三大著名資產管理公司華夏基金、博時基金和嘉實環球投資在香港聯交所推出了六隻加密貨幣ETF。

Significantly, each of these asset managers also introduced an Ethereum ETF alongside their Bitcoin offering. This inclusion highlights the growing acceptance of Ethereum as a legitimate investment asset alongside Bitcoin in the eyes of Hong Kong regulators.

值得注意的是，這些資產管理公司在推出比特幣產品的同時也推出了以太幣 ETF。這項納入凸顯了香港監管機構越來越接受以太坊作為與比特幣一樣的合法投資資產。

Expectations are running high that the Hong Kong ETF offerings will replicate the success seen in the US market. Zhu Haokang, head of digital asset management and family wealth at China Asset Management, expressed confidence in surpassing US Bitcoin ETF inflows on the first day of trading. Industry pundits are cautiously optimistic, recognizing the potential of the Chinese market but also acknowledging the challenges of matching the early momentum seen in the US.

人們對香港 ETF 產品將複製美國市場的成功寄予厚望。華夏基金數位資產管理及家族財富主管朱浩康在交易首日就表示有信心超越美國比特幣ETF流入量。行業專家持謹慎樂觀的態度，他們認識到中國市場的潛力，但也承認追趕美國早期勢頭的挑戰。

Australia: Poised for ETF Dominance

澳洲：ETF 主導地位蓄勢待發

Following Hong Kong's crypto ETF debut, Australia is poised to become the next major market to embrace the global ETF phenomenon. The country's leading exchange, the Australian Securities Exchange (ASX), is expected to approve the first spot Bitcoin ETFs for listing before the end of 2024. Several providers, including VanEck, BetaShares, and DigitalX, have submitted their applications for approval.

繼香港推出加密 ETF 後，澳洲有望成為下一個擁抱全球 ETF 現象的主要市場。該國領先的交易所澳洲證券交易所 (ASX) 預計將在 2024 年底前批准首批現貨比特幣 ETF 上市。

One of the key obstacles in the approval process is the custody solutions proposed by ETF providers for holding the underlying Bitcoin assets. The ASX is meticulous in ensuring sufficient safeguards and robust processes are in place before giving the green light to these ETFs.

審批過程中的主要障礙之一是 ETF 提供者提出的持有基礎比特幣資產的託管解決方案。澳洲證券交易所在為這些 ETF 開綠燈之前，會一絲不苟地確保有足夠的保障措施和健全的流程。

Previous attempts to list spot Bitcoin ETFs in Australia on the smaller CBOE exchange failed to generate significant investor interest. However, the overwhelming success and buzz surrounding the recent US and Hong Kong launches have reignited optimism in the Australian market.

先前曾嘗試在澳洲規模較小的 CBOE 交易所上市現貨比特幣 ETF，但未能引起投資者的濃厚興趣。然而，最近在美國和香港推出的產品所取得的巨大成功和轟動重新點燃了澳洲市場的樂觀情緒。

A Global Phenomenon

全球現象

The rapid adoption of spot Bitcoin ETFs around the world signals Bitcoin's growing acceptance as a legitimate investment asset class. These ETFs provide investors with a convenient and accessible way to gain exposure to cryptocurrencies without having to grapple with the complexities of direct ownership.

現貨比特幣 ETF 在全球範圍內的迅速採用標誌著比特幣作為合法投資資產類別的接受度不斷提高。這些 ETF 為投資者提供了一種便捷且容易獲得加密貨幣投資的方式，而無需應對直接所有權的複雜性。

As governments and regulators continue to grapple with the regulatory framework for cryptocurrencies, the launch of spot ETFs offers a way to bridge the gap between traditional finance and the digital asset revolution. By providing a familiar and trusted investment vehicle, ETFs are opening the door to a wider pool of investors, further legitimizing the cryptocurrency asset class.

隨著政府和監管機構繼續努力解決加密貨幣的監管框架，現貨 ETF 的推出提供了一種彌合傳統金融和數位資產革命之間差距的方法。透過提供熟悉且值得信賴的投資工具，ETF 正在向更廣泛的投資者敞開大門，進一步使加密貨幣資產類別合法化。

The Road Ahead

前方的路

While the launch of spot Bitcoin ETFs has been met with unprecedented enthusiasm, it is important to note that the market remains volatile and subject to fluctuations. Investors are advised to approach these investments with caution and conduct thorough research before committing funds.

雖然現貨比特幣 ETF 的推出受到了前所未有的熱情，但值得注意的是，市場仍然不穩定且容易波動。建議投資者謹慎對待這些投資，並在投入資金之前進行徹底的研究。

Moreover, the approval of spot ETFs does not constitute an endorsement of Bitcoin or any other cryptocurrency by regulatory agencies, as emphasized by SEC Chair Gary Gensler. As the cryptocurrency market continues to evolve, it is likely that regulators will take a proactive approach to ensuring investor protection and mitigating potential risks associated with these investments.

此外，正如 SEC 主席 Gary Gensler 所強調的那樣，現貨 ETF 的批准並不構成監管機構對比特幣或任何其他加密貨幣的認可。隨著加密貨幣市場的不斷發展，監管機構可能會採取積極主動的方法來確保投資者保護並減輕與這些投資相關的潛在風險。

Despite these caveats, the surge in popularity of spot Bitcoin ETFs is a testament to the growing acceptance of cryptocurrencies as an integral part of the global financial landscape. As more jurisdictions embrace these innovative investment vehicles, Bitcoin and other digital assets are poised to become increasingly accessible and integrated into mainstream portfolios.

儘管有這些警告，現貨比特幣 ETF 的受歡迎程度激增證明了人們越來越接受加密貨幣作為全球金融格局不可或缺的一部分。隨著越來越多的司法管轄區採用這些創新投資工具，比特幣和其他數位資產將變得越來越容易取得並融入主流投資組合。