ETF 跨越 1000 亿美元的历史里程碑

本周三，美国批准的 12 只比特币现货 ETF 管理资产总计达到 1005.5 亿美元

U.S. spot ETFs just crossed a historic milestone by surpassing 100 billion dollars in assets under management on Wednesday, in a context of continuing Bitcoin rise. This strong institutional demand is propelling Bitcoin towards new record highs.

在比特币持续上涨的背景下，周三美国现货 ETF 管理资产规模突破 1000 亿美元，跨越了历史性里程碑。这种强劲的机构需求正在推动比特币创下新的纪录高点。

Institutions Flock to Bitcoin ETFs

机构纷纷涌向比特币 ETF

The twelve Bitcoin spot ETFs that were approved in the United States have now collectively reached 100.55 billion dollars in assets under management on Wednesday, which represents about 5.4% of Bitcoin’s total market capitalization.

周三，美国批准的 12 只比特币现货 ETF 管理资产总额已达 1005.5 亿美元，约占比特币总市值的 5.4%。

BlackRock continues to overwhelmingly dominate the market with its IBIT fund that now totals 45.4 billion dollars in assets. Grayscale’s GBTC comes in second with 20.6 billion dollars.

贝莱德 (BlackRock) 凭借其 IBIT 基金继续以压倒性优势主导市场，目前资产总额达 454 亿美元。 Grayscale 的 GBTC 以 206 亿美元位居第二。

These ETFs are seeing strong investment flows, with 733.5 million dollars of net inflows on Wednesday, after 837.36 million the day before. BlackRock's IBIT fund continues to attract the majority of capital with 626.5 million dollars of new investments, while Fidelity's FBTC captured 133.9 million dollars.

这些 ETF 的投资流量强劲，周三净流入 7.335 亿美元，前一天净流入 8.3736 亿美元。贝莱德 (BlackRock) 的 IBIT 基金以 6.265 亿美元的新投资继续吸引大部分资金，而富达 (Fidelity) 的 FBTC 则吸引了 1.339 亿美元的新投资。

The daily trading volume on these ETFs also remained high, reaching 5.09 billion dollars on Wednesday, in a slight decrease from the 5.71 billion dollars the day before.

这些ETF的日交易量也保持在高位，周三达到50.9亿美元，较前一天的57.1亿美元略有下降。

Bitcoin Continues to Surge

比特币继续飙升

This strong institutional demand is also pushing Bitcoin towards new record highs, with the cryptocurrency now trading around 98,000 dollars, up 3.8% over 24 hours.

这种强劲的机构需求也推动比特币创下新高，目前该加密货币的交易价格约为 98,000 美元，24 小时内上涨 3.8%。

The growing involvement of traditional players is also confirmed with the announcement of MicroStrategy, which plans to raise 2.6 billion dollars to continue its Bitcoin acquisitions, after already buying 51,000 BTC last week at 88,617 dollars each.

MicroStrategy 宣布计划筹集 26 亿美元继续收购比特币，这也证实了传统参与者的参与不断增加，该公司上周已以每枚 88,617 美元的价格购买了 51,000 枚比特币。

The open interest on Bitcoin contracts has surged to 63 billion dollars, with a daily increase of 6 billion dollars, while implied volatility hits 60, suggesting possible significant price movements as the psychological threshold of 100,000 dollars approaches.

比特币合约的未平仓合约已飙升至630亿美元，每日增加60亿美元，而隐含波动率则达到60，这表明随着10万美元的心理门槛逼近，价格可能会出现大幅波动。

In summary, this symbolic milestone of 100 billion dollars in assets under management for Bitcoin ETFs reflects the growing maturity of the crypto market and its accelerated adoption by institutional investors. The next challenge for Bitcoin will be to maintain this momentum while managing the inherent volatility related to profit-taking around record levels.

总而言之，比特币 ETF 管理资产达到 1000 亿美元这一具有象征意义的里程碑反映了加密货币市场的日益成熟及其被机构投资者加速采用。比特币的下一个挑战将是保持这种势头，同时管理与创纪录水平附近获利回吐相关的固有波动性。