贝莱德 (BlackRock) 比特币 ETF 飙升，超越灰度信托 (Grayscale Trust) 占据市场主导地位

贝莱德 (BlackRock) 的比特币 ETF (IBIT) 继续主导市场，交易量超过 50%，而灰度 (Grayscale) 的 GBTC 占比不足 24%。投资者青睐 IBIT 较低的费用（0.25%，而 GBTC 为 1.5%）和贝莱德的声誉，使 IBIT 成为纳斯达克最受欢迎的比特币 ETF 之一。尽管GBTC仍然占据比特币ETF资产的最大份额，但在美国主要银行加入参与者的支持下，IBIT的快速增长可能很快就会超越GBTC的主导地位。

BlackRock's Bitcoin ETF Dominates Market, Overtaking Grayscale Trust

贝莱德的比特币 ETF 主导市场，超越灰度信托

BlackRock's Bitcoin exchange-traded fund (ETF), IBIT, continues its relentless surge in market share, surpassing 50% of total Bitcoin ETF trading volume for the first time since the launch of spot Bitcoin ETFs in mid-January. This dominance has come at the expense of Grayscale's Bitcoin Trust ETF (GBTC), which once held nearly 60% of the market but has now been relegated to less than 24%.

贝莱德的比特币交易所交易基金 (ETF) IBIT 市场份额继续猛增，自 1 月中旬推出现货比特币 ETF 以来首次超过比特币 ETF 总交易量的 50%。这种主导地位是以灰度的比特币信托 ETF (GBTC) 为代价的，该 ETF 曾经占据近 60% 的市场份额，但现在已降至不到 24%。

IBIT's triumph over GBTC can be attributed to several factors. First and foremost, IBIT charges a significantly lower annual management fee of 0.25%, compared to GBTC's hefty 1.5%. This substantial cost difference has proved to be a major draw for investors looking for cost-efficient exposure to Bitcoin.

IBIT 战胜 GBTC 有几个因素。首先也是最重要的是，IBIT 收取的年管理费为 0.25%，远低于 GBTC 的 1.5%。事实证明，这种巨大的成本差异对于寻求具有成本效益的比特币投资的投资者来说是一个主要吸引力。

BlackRock's reputation as the world's largest investor, with over $9 trillion in assets under management, also plays a role in IBIT's appeal. Investors recognize the stability and expertise that BlackRock brings to the table. Moreover, IBIT's listing on Nasdaq, a renowned tech-oriented exchange, adds an aura of innovation and reliability.

贝莱德作为全球最大投资者的声誉，管理着超过 9 万亿美元的资产，这也是 IBIT 的吸引力之一。投资者认可贝莱德带来的稳定性和专业知识。此外，IBIT在著名科技交易所纳斯达克上市，增添了创新和可靠性的光环。

In contrast, Grayscale's GBTC has been plagued by concerns over its high fees, lack of transparency, and the complexities associated with its redemption process. While GBTC still holds the largest chunk of Bitcoin ETF funds, its market share is rapidly eroding as investors flock to IBIT.

相比之下，Grayscale 的 GBTC 一直因其高额费用、缺乏透明度以及赎回过程的复杂性而受到困扰。尽管 GBTC 仍然持有比特币 ETF 基金的最大份额，但随着投资者涌向 IBIT，其市场份额正在迅速下降。

IBIT's momentum is expected to continue, as BlackRock has recently expanded the number of Authorized Participants (APs) in its Bitcoin ETF product. Major US banks, including Goldman Sachs, Citigroup, and UBS, have joined the ranks of APs, signaling a growing institutional interest in Bitcoin ETFs.

由于贝莱德最近扩大了其比特币 ETF 产品的授权参与者 (AP) 数量，IBIT 的势头预计将持续下去。高盛、花旗集团和瑞银等美国主要银行已加入 AP 行列，表明机构对比特币 ETF 的兴趣日益浓厚。

Eric Balchunas, a Bloomberg analyst, commented on this development, stating: "Big time firms now want a piece of the action and/or are now OK being publicly associated with this."

彭博社分析师埃里克·巴尔丘纳斯 (Eric Balchunas) 对这一事态发展发表了评论，他表示：“大型公司现在希望参与其中，并且/或者现在可以公开参与其中。”

The rise of Bitcoin ETFs is a transformative development for the cryptocurrency industry, as these funds now hold over 4% of Bitcoin's supply. They provide a convenient and accessible way for investors to gain exposure to Bitcoin, without having to deal with the complexities of direct cryptocurrency ownership.

比特币 ETF 的兴起是加密货币行业的一次变革性发展，因为这些基金目前持有比特币供应量的 4% 以上。它们为投资者提供了一种便捷且容易获得的方式来接触比特币，而无需处理直接拥有加密货币的复杂性。

As IBIT continues to dominate the Bitcoin ETF market, it is expected to play an increasingly prominent role in shaping the industry's future. Investors seeking exposure to Bitcoin should carefully consider the advantages and disadvantages of different Bitcoin ETF offerings, ensuring that they make informed investment decisions.

随着 IBIT 继续主导比特币 ETF 市场，预计它将在塑造行业未来方面发挥越来越重要的作用。寻求投资比特币的投资者应仔细考虑不同比特币 ETF 产品的优点和缺点，确保他们做出明智的投资决策。

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通过订阅我们的时事通讯、在 Twitter 上关注我们以及加入我们的 Telegram 频道，了解加密货币市场的最新动态。