贝莱德的比特币主导地位：加密圈的结构性转变

贝莱德的 iShares 比特币信托（IBIT）已成为比特币所有权的主导力量，其持有量超过了主要的加密货币交易所和企业投资者。这种快速增长归功于机构投资者的信心和对 ETF 的熟悉，ETF 为投资比特币提供了受监管且易于访问的框架。贝莱德的主导地位超越了交易所，IBIT 的持股量超过了长期比特币倡导者 MicroStrategy 的持股量。 IBIT 的增长被视为比特币近期价格飙升的潜在驱动力，分析师预测其持有量可能会在几周内超过 Grayscale 的比特币信托（GBTC）。

BlackRock's Bitcoin Dominance: A Seismic Shift in the Cryptocurrency Landscape

贝莱德的比特币主导地位：加密货币格局的巨大转变

In a groundbreaking move that signals a profound transformation in the cryptocurrency ecosystem, BlackRock, the behemoth of asset management, has emerged as a formidable force in Bitcoin ownership. Through its iShares Bitcoin Trust (IBIT), BlackRock has amassed a staggering hoard of Bitcoin (BTC), eclipsing not only established crypto exchanges but also prominent corporate investors.

资产管理巨头贝莱德的这一突破性举措标志着加密货币生态系统的深刻变革，已成为比特币所有权领域的一支强大力量。通过其 iShares 比特币信托 (IBIT)，贝莱德积累了惊人的比特币 (BTC) 储备，不仅让成熟的加密货币交易所黯然失色，也让知名企业投资者黯然失色。

This meteoric rise is attributed to a surge in institutional investor confidence in Bitcoin as a legitimate asset class. Historically, investing in cryptocurrency has been a labyrinthine process for institutional investors, involving navigating unregulated exchanges and securing private wallets.

这种迅速崛起归因于机构投资者对比特币作为合法资产类别的信心激增。从历史上看，对于机构投资者来说，投资加密货币一直是一个迷宫般的过程，涉及不受监管的交易所和保护私人钱包的安全。

ETFs like IBIT offer a familiar and regulated framework, mirroring the investment process for stocks and bonds. This accessibility has fueled the unprecedented inflows into IBIT, which now boasts a staggering 243,130 BTC, according to crypto analyst Ali.

IBIT 等 ETF 提供了一个熟悉且受监管的框架，反映了股票和债券的投资流程。根据加密货币分析师 Ali 的说法，这种可访问性推动了 IBIT 前所未有的资金流入，目前 IBIT 拥有惊人的 243,130 BTC。

BlackRock's Bitcoin ETF, launched in mid-January 2024, now holds more BTC than OKX and Kraken combined, two crypto exchanges that have been operational since 2017 and 2011, respectively. This seismic shift suggests a potential power handover, with traditional financial institutions like BlackRock assuming the reins of Bitcoin asset management from crypto-native exchanges.

贝莱德的比特币 ETF 于 2024 年 1 月中旬推出，目前持有的 BTC 数量比 OKX 和 Kraken 的总和还多，这两家加密货币交易所分别自 2017 年和 2011 年开始运营。这一巨大的转变表明潜在的权力交接，贝莱德等传统金融机构将从加密原生交易所接管比特币资产管理的控制权。

BlackRock's dominance extends beyond exchanges. IBIT's holdings even surpass those of MicroStrategy, a renowned corporate champion of Bitcoin, which holds an estimated 214,246 BTC. This unexpected development underscores the growing institutional appetite for Bitcoin and the potential for IBIT to exert a profound influence on the overall market.

贝莱德的主导地位不仅仅局限于交易所。 IBIT 的持有量甚至超过了著名的比特币冠军企业 MicroStrategy，后者持有约 214,246 枚比特币。这一意想不到的发展凸显了机构对比特币日益增长的兴趣以及 IBIT 对整个市场产生深远影响的潜力。

Analysts like Ali observe a potential correlation between IBIT's growth and the recent surge in Bitcoin prices, currently hovering around $66,948. The increasing demand for IBIT is believed to be fueling the upward trajectory of Bitcoin's value. Additionally, Ali suggests that a sustained break above $66,990 could trigger a further ascent towards $72,880.

Ali 等分析师观察到 IBIT 的增长与近期比特币价格飙升之间存在潜在相关性，目前比特币价格徘徊在 66,948 美元左右。人们认为，对 IBIT 的需求不断增长将推动比特币价值的上涨。此外，阿里表示，持续突破 66,990 美元可能会引发进一步上涨至 72,880 美元。

IBIT's rapid growth also poses a formidable challenge to Grayscale's Bitcoin Trust (GBTC), the long-standing leader in Bitcoin ETFs. With average daily inflows of $274 million and an estimated 4,120 new Bitcoin entering IBIT every day, it is projected to surpass GBTC's holdings within the next three weeks. In contrast, GBTC has experienced outflows exceeding $277 million over the past two weeks.

IBIT 的快速增长也对比特币 ETF 领域的长期领导者 Grayscale 的比特币信托（GBTC）构成了巨大的挑战。平均每日流入量为 2.74 亿美元，预计每天有 4,120 个新比特币进入 IBIT，预计未来三周内将超过 GBTC 的持有量。相比之下，GBTC 在过去两周内的资金流出超过 2.77 亿美元。

While the future trajectory of Bitcoin prices remains uncertain, BlackRock's involvement undoubtedly signals a new era for the cryptocurrency. The world's largest asset manager's commitment to Bitcoin through IBIT lends unparalleled legitimacy to the asset class and paves the way for a surge in institutional investment.

尽管比特币价格的未来走势仍不确定，但贝莱德的参与无疑标志着加密货币的新时代的到来。全球最大的资产管理公司通过 IBIT 对比特币的承诺为该资产类别提供了无与伦比的合法性，并为机构投资的激增铺平了道路。

With its growing influence, BlackRock is poised to become a preeminent force in shaping the future of Bitcoin and the broader cryptocurrency market. Its dominance in Bitcoin ownership is a testament to the growing institutional adoption of cryptocurrency and the potential for it to become a mainstream asset class in the years to come.

随着影响力的不断增强，贝莱德有望成为塑造比特币和更广泛的加密货币市场未来的卓越力量。它在比特币所有权中的主导地位证明了加密货币越来越多的机构采用以及它在未来几年成为主流资产类别的潜力。