贝莱德旗下 iShares 比特币信托基金飙升，挑战灰度作为最大现货比特币 ETF 的主导地位

贝莱德的 IBIT ETF 有望超越 Grayscale 的 GBTC，成为全球最大的现货比特币 ETF。 IBIT已连续69天流入，而GBTC则出现大幅流出。两只基金之间的差距已缩小至 20 亿美元，IBIT 从 GBTC 手中夺取了市场份额。

BlackRock's iShares Bitcoin Trust Cements Position as Leading Spot Bitcoin ETF, Rivaling Grayscale's GBTC

贝莱德 (BlackRock) 的 iShares 比特币信托巩固了领先现货比特币 ETF 的地位，可与 Grayscale 的 GBTC 相媲美

In a remarkable turnaround, BlackRock's iShares Bitcoin Trust (IBIT) is poised to overtake Grayscale's Bitcoin Trust (GBTC) as the world's largest spot Bitcoin exchange-traded fund (ETF).

贝莱德 (BlackRock) 的 iShares 比特币信托 (IBIT) 有望超越灰度 (Grayscale) 的比特币信托 (GBTC)，成为全球最大的现货比特币交易所交易基金 (ETF)。

Since its inception in January 2024, IBIT has experienced an unprecedented 69 consecutive days of net inflows, amassing a substantial asset base. Conversely, GBTC has faced consistent outflows, shedding approximately $16 billion since the start of the year. This disparity has significantly narrowed the gap between the two funds, with IBIT now trailing GBTC by a mere $2 billion.

自2024年1月成立以来，IBIT史无前例地连续69天净流入，积累了丰厚的资产基础。相反，GBTC 却面临持续的资金外流，自年初以来损失了约 160 亿美元。这种差异大大缩小了两只基金之间的差距，IBIT 目前仅落后 GBTC 20 亿美元。

Fidelity and BlackRock Dominate, GBTC Loses Market Share

富达和贝莱德占据主导地位，GBTC 失去市场份额

The rise of IBIT and the concomitant decline of GBTC are symptomatic of a shift in the Bitcoin ETF landscape. Competing firms, particularly Fidelity and BlackRock, have been aggressively expanding their market presence, attracting investors with innovative products and robust investment strategies.

IBIT 的崛起和随之而来的 GBTC 的下降是比特币 ETF 格局发生变化的征兆。竞争公司，特别是富达和贝莱德，一直在积极扩大市场份额，以创新产品和稳健的投资策略吸引投资者。

In the past week alone, Fidelity and BlackRock saw net inflows totaling $37.7 million and $18.7 million, respectively, while GBTC experienced net outflows of $89.9 million, further eroding its dominance. This trend persisted on April 19, with IBIT and Fidelity's funds receiving inflows of $30 million and $55 million, respectively, while GBTC saw an exodus of $45.8 million.

仅过去一周，富达和贝莱德的净流入分别为 3770 万美元和 1870 万美元，而 GBTC 的净流出为 8990 万美元，进一步削弱了其主导地位。这一趋势在 4 月 19 日持续存在，IBIT 和 Fidelity 的资金分别流入 3000 万美元和 5500 万美元，而 GBTC 则流出 4580 万美元。

IBIT Poised for Continued Growth

IBIT 蓄势待发，持续增长

Analysts at Bloomberg ETF predict continued success for IBIT. Eric Balchunas, an ETF analyst at Bloomberg, highlighted the fund's strong investor base and significant potential for further growth. While IBIT currently has approximately 60 reported holders, they represent only 0.4% of the fund's total shares outstanding, suggesting a vast untapped pool of potential investors.

彭博 ETF 的分析师预测 IBIT 将继续取得成功。彭博社 ETF 分析师 Eric Balchunas 强调了该基金强大的投资者基础和进一步增长的巨大潜力。虽然 IBIT 目前约有 60 名持有人，但他们仅占该基金已发行股份总数的 0.4%，这表明还有大量尚未开发的潜在投资者。

Implications for Investors

对投资者的影响

The resurgence of spot Bitcoin ETFs offers investors with diverse options for gaining exposure to the cryptocurrency market. IBIT's impressive track record and growing market share position it as a viable alternative to GBTC, which has faced scrutiny over its premium to NAV and potential regulatory challenges.

现货比特币 ETF 的复苏为投资者提供了进入加密货币市场的多种选择。 IBIT 令人印象深刻的业绩记录和不断增长的市场份额使其成为 GBTC 的可行替代品，而 GBTC 因其相对资产净值的溢价而面临审查以及潜在的监管挑战。

As the Bitcoin ETF market continues to evolve, investors are advised to carefully consider the fees, liquidity, and underlying investment strategies of available products before making investment decisions.

随着比特币ETF市场的不断发展，建议投资者在做出投资决策之前仔细考虑可用产品的费用、流动性和基础投资策略。