比特币 ETF 管理资产规模首次超过黄金 ETF

对于比特币来说，这是一个极其强劲的时期，因为这些 ETF 刚刚在 11 个月前推出，而黄金 ETF 已经在市场上存在了 20 多年。

For the first time ever, Bitcoin exchange-traded funds (ETFs) have now surpassed gold ETFs in assets under management (AUM).

比特币交易所交易基金 (ETF) 的管理资产 (AUM) 首次超过黄金 ETF。

On Friday, U.S. Bitcoin ETFs hit a combined total of $129 billion, overtaking the $128 billion held by gold ETFs on December 16, 2024, data from K33 Research and Bloomberg analyst Eric Balchunas shows.

K33 Research 和彭博社分析师 Eric Balchunas 的数据显示，周五，美国比特币 ETF 总持有量达到 1290 亿美元，超过了 2024 年 12 月 16 日黄金 ETF 持有的 1280 亿美元。

This is a stellar achievement for Bitcoin considering these ETFs were only launched 11 months ago, while gold ETFs have been present in the market for more than 20 years.

考虑到这些 ETF 仅在 11 个月前推出，而黄金 ETF 已在市场上存在了 20 多年，这对于比特币来说是一项了不起的成就。

The boom in the growth of Bitcoin ETFs highlights the increasing demand for cryptocurrencies from institutional investors and optimism toward Bitcoin’s future.

比特币 ETF 的蓬勃发展凸显了机构投资者对加密货币的需求不断增加以及对比特币未来的乐观态度。

Leading the pack is BlackRock’s iShares Bitcoin Trust (IBIT), which now holds nearly $60 billion in assets, even surpassing BlackRock’s gold ETF, iShares Gold Trust (IAU), earlier this year.

领先者是贝莱德的 iShares 比特币信托 (IBIT)，目前持有近 600 亿美元的资产，甚至在今年早些时候超过了贝莱德的黄金 ETF iShares Gold Trust (IAU)。

However, when looking at spot ETFs specifically, gold has an edge by a tiny margin. Gold’s spot ETFs are valued at around $125 billion and Bitcoin’s spot ETFs at about $120 billion. That’s a pretty small gap in how far Bitcoin has traveled in such a short space of time.

然而，当具体考察现货 ETF 时，黄金略有优势。黄金现货 ETF 估值约为 1250 亿美元，比特币现货 ETF 估值约为 1200 亿美元。与比特币在如此短的时间内走了多远相比，这只是一个很小的差距。

The bitcoin ETFs are part of the “debasement trade,” an investment trend that is fueled by increasing global economic uncertainty, high inflation, and concern over rising government deficits, leading investors to seek out safe-haven assets like Bitcoin and gold.

比特币ETF是“贬值交易”的一部分，这种投资趋势是由全球经济不确定性增加、高通胀以及对政府赤字上升的担忧推动的，导致投资者寻求比特币和黄金等避险资产。

In response to this, Bitcoin’s price has increased and pushed the ratio of Bitcoin-to-gold to its all-time highest.

作为回应，比特币的价格上涨，并将比特币与黄金的比率推至历史最高水平。

Over 2024 alone, the spot Bitcoin ETFs have already taken in over 500,000 Bitcoin or even 2.5% of all Bitcoin in circulation. In today’s world, it’s the largest Bitcoin holder of all time and already has surpassed the iconic Satoshi Nakamoto wallet. There is no doubt that US-based Bitcoin ETFs hold a monopoly at around 1.1 million BTC.

仅在 2024 年，现货比特币 ETF 就已经吸纳了超过 50 万枚比特币，甚至占流通中比特币总量的 2.5%。在当今世界，它是有史以来最大的比特币持有者，并且已经超过了标志性的中本聪钱包。毫无疑问，美国的比特币 ETF 占据着 110 万比特币左右的垄断地位。

But another point is that it will not come until the deluge of brand-new cryptocurrency exchange-traded funds pour in in 2025 and potentially may not only come with the blended Bitcoin and Ether ETFs but could go beyond and include an opportunity for Litecoin ETFs and possibly even more digital coins, Bloomberg industry expert James Seyffart adds.

但另一点是，直到 2025 年大量全新的加密货币交易所交易基金涌入时，这种情况才会到来，并且可能不仅会出现比特币和以太坊 ETF 的混合，而且可能会更进一步，包括莱特币 ETF 和彭博社行业专家 James Seyffart 补充道，可能还会有更多的数字货币。