比特币取代黄金成为 ETF 市场的领先金融资产

比特币已取代黄金成为 ETF 市场的领先金融资产，标志着投资者需求发生历史性转变。

Bitcoin has overtaken gold as the leading financial asset in the ETF market, marking a historic shift in investor demand.

比特币已取代黄金成为 ETF 市场的领先金融资产，标志着投资者需求发生历史性转变。

On December 17, Vetle Lunde, an analyst at crypto market research firm K33 Research, shared the milestone via X, highlighting the moment.

12 月 17 日，加密货币市场研究公司 K33 Research 的分析师 Vetle Lunde 通过 X 分享了这一里程碑，强调了这一时刻。

“In the United States, Bitcoin ETF AUM has surpassed gold ETF AUM. Gold, with a 20-year head start, has been flipped,” wrote Lunde.

“在美国，比特币 ETF 的资产管理规模已经超过了黄金 ETF 的资产管理规模。黄金领先了 20 年，现在已经发生了逆转。”Lunde 写道。

The development comes as gold ETFs were first introduced in 2003, giving the precious metal a significant head start. In comparison, Bitcoin spot ETFs in the United States were only launched in January 2024 after years of regulatory delays. Despite this gap, Bitcoin ETFs have managed to outpace gold ETFs in AUM, signaling growing institutional and retail confidence in the digital asset.

这一发展正值黄金ETF于2003年首次推出之际，为贵金属带来了显着的领先优势。相比之下，美国的比特币现货 ETF 在经历了多年的监管拖延后才于 2024 年 1 月推出。尽管存在这一差距，比特币 ETF 的资产管理规模仍成功超过黄金 ETF，这表明机构和散户对数字资产的信心不断增强。

Bitcoin Surges Past Gold in ETF Assets Under Management (AUM)

比特币在 ETF 资产管理规模 (AUM) 中的表现超越黄金

The approval of Bitcoin spot ETFs marked a turning point for cryptocurrency adoption within traditional financial markets. These products allow investors to gain direct exposure to Bitcoin without holding the asset itself, bridging the gap between digital assets and traditional finance.

比特币现货 ETF 的批准标志着传统金融市场采用加密货币的转折点。这些产品允许投资者直接接触比特币，而无需持有资产本身，从而弥合了数字资产与传统金融之间的差距。

The milestone reflects surging investor demand for regulated and accessible Bitcoin investment vehicles, particularly given Bitcoin’s strong price performance throughout 2024.

这一里程碑反映出投资者对受监管且易于使用的比特币投资工具的需求激增，特别是考虑到比特币在 2024 年全年的强劲价格表现。

The rapid growth of Bitcoin ETFs also mirrors increasing institutional interest. Financial giants like BlackRock, Fidelity, and Ark Invest have launched Bitcoin ETFs, providing credibility and exposure to a wider investor base. Their involvement has fueled competition, driving significant inflows into these products.

比特币 ETF 的快速增长也反映出机构兴趣的增加。贝莱德、富达和 Ark Invest 等金融巨头推出了比特币 ETF，为更广泛的投资者群体提供了可信度和敞口。他们的参与加剧了竞争，推动大量资金流入这些产品。

Gold has long been regarded as a hedge against economic instability and inflation. For decades, investors opted for gold ETFs as a safe store of value. However, Bitcoin is increasingly seen as “digital gold,” offering a more modern, decentralized alternative with similar store-of-value properties. Bitcoin’s limited supply — capped at 21 million coins — has made it particularly attractive in inflationary environments.

长期以来，黄金一直被视为对冲经济不稳定和通货膨胀的工具。几十年来，投资者选择黄金ETF作为安全的价值储存手段。然而，比特币越来越被视为“数字黄金”，它提供了一种更现代、去中心化的替代品，具有类似的价值存储特性。比特币的供应量有限（上限为 2100 万枚），这使其在通货膨胀环境下特别有吸引力。

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