美国比特币 ETF 的规模将很快赶上黄金 ETF

如果美国比特币 ETF 保持目前的积累速度，其规模将很快赶上黄金 ETF。彭博 ETF 分析师 Eric Balchunas 表示，这些基金可能会在圣诞节前超越黄金 ETF。

US Bitcoin exchange-traded funds (ETFs) are rapidly catching up to gold ETFs in terms of size, and could even surpass them by Christmas if they continue to accumulate at the current rate, according to Bloomberg ETF analyst Eric Balchunas.

彭博 ETF 分析师埃里克·巴尔丘纳斯 (Eric Balchunas) 表示，美国比特币交易所交易基金 (ETF) 的规模正在迅速追赶黄金 ETF，如果继续按目前的速度增持，甚至可能在圣诞节前超越黄金 ETF。

As of November 23, Bitcoin ETFs in the US had reached $107 billion in assets, which is about 86% of the total net assets of gold ETFs, according to data Balchunas combined with HODL15Capital.

Balchunas 与 HODL15Capital 结合的数据显示，截至 11 月 23 日，美国比特币 ETF 资产已达到 1070 亿美元，约占黄金 ETF 总净资产的 86%。

“They only lag gold ETFs by $23b, good shot to surpass by Xmas,” Balchunas said.

Balchunas 表示：“它们仅落后黄金 ETF 23b 美元，很有可能在圣诞节前超越。”

Bitcoin ETFs are also quickly closing in on Satoshi Nakamoto. The funds currently hold an estimated 98% of Satoshi’s stash of Bitcoin, and are likely to become the world’s largest Bitcoin holder next week, surpassing even the mysterious creator of the asset.

比特币 ETF 也正在迅速逼近中本聪。这些基金目前持有中本聪所持有的约 98% 的比特币，并有可能在下周成为全球最大的比特币持有者，甚至超过该资产的神秘创造者。

US spot Bitcoin ETFs attracted about $3.3 billion in net inflows this week, according to data from Farside Investors, with BlackRock’s iShares Bitcoin Trust (IBIT) capturing about 62% of the total.

Farside Investors 的数据显示，美国现货比特币 ETF 本周吸引了约 33 亿美元的净流入，其中贝莱德的 iShares Bitcoin Trust (IBIT) 约占总量的 62%。

IBIT continues to close in on BlackRock’s iShares Gold Trust (IAU) in terms of net assets. As of November 22, IBIT held $48.4 billion worth of Bitcoin, while IAU’s assets were valued at about $34 billion.

就净资产而言，IBIT 继续逼近贝莱德的 iShares Gold Trust (IAU)。截至 11 月 22 日，IBIT 持有价值 484 亿美元的比特币，而 IAU 的资产估值约为 340 亿美元。

Bitcoin’s rally raises concerns about stability compared to gold

与黄金相比，比特币的上涨引发了人们对稳定性的担忧

The world’s largest cryptocurrency set a new all-time high of $99,500 on Friday, inching closer to the six-figure mark. For Bitcoin proponents, the bull market is still in its early stages.

全球最大的加密货币周五创下 99,500 美元的历史新高，逼近六位数大关。对于比特币支持者来说，牛市仍处于早期阶段。

VanEck is targeting $180,000 for Bitcoin this cycle. The asset manager reiterated the projection in a recent report, citing bullish indicators such as funding rates, Relative Unrealized Profit (RUP) and retail interest.

VanEck 本周期的比特币目标价为 18 万美元。该资产管理公司在最近的一份报告中重申了这一预测，并引用了融资利率、相对未实现利润（RUP）和零售利息等看涨指标。

However, State Street, which manages over $4 trillion in assets, is expressing concern that investors are getting too carried away by Bitcoin’s potential and are ignoring the stability and long-term value offered by gold.

然而，管理着超过 4 万亿美元资产的道富银行表示担心，投资者过于沉迷于比特币的潜力，而忽视了黄金提供的稳定性和长期价值。

George Milling-Stanley, chief gold strategist at State Street Global Advisors, warns that the current Bitcoin rally may be creating a false sense of security among investors. In the analyst’s view, gold has a long history as a reliable store of value, while Bitcoin’s future is still uncertain.

道富环球投资顾问公司(State Street Global Advisors)首席黄金策略师乔治·米林-斯坦利(George Milling-Stanley)警告称，当前比特币的上涨可能会在投资者中造成一种错误的安全感。在分析师看来，黄金作为可靠的价值储存手段有着悠久的历史，而比特币的未来仍然不确定。