为什么ishares比特币信托ETF（IBIT）表现优于标准普尔500？

比特币在一个月内首次越过了90,000美元的水平，而像500亿美元IBIT这样的比特币ETF跃升了4％以上，在今年的Breakeven价格点上取得了成功。

The iShares Bitcoin Trust ETF (IBIT) is outperforming the S&P 500 in what is supposed to be a risk-off market environment. Bitcoin crossed the $90,000 level Tuesday for the first time in a month, and Bitcoin ETFs like the $50 billion IBIT surged more than 4%, getting closer to the breakeven price point for the year.

iShares比特币信托ETF（IBIT）在本来可以成为风险的市场环境中表现优于标准普尔500指数。比特币在一个月内首次越过了90,000美元的水平，而比特币ETF像500亿美元的IBIT飙升超过4％，接近今年的盈亏平价。

Compare this to the largest stock market proxy and exchange-traded fund, the Vanguard S&P 500 ETF (VOO), which is still down 10% YTD, and the recently high-flying tech sector, which saw a steep decline of roughly 17% through Tuesday's session.

将此与最大的股票市场代理和交易所交易基金，Vanguard S＆P 500 ETF（VOO）相比，该基金仍然下跌了10％，而最近高空飞行的科技领域在周二的会议上大约下降了约17％。

How can volatile Bitcoin ETFs like IBIT outperform U.S. stocks amid trade war escalation fears and heightened economic and market uncertainty?

在贸易战争升级的担忧以及经济和市场不确定性的增加，像IBIT这样的波动比特币ETF如何胜过美国的股票？

As noted here at etf.com earlier this month, the world’s most valuable cryptocurrency has been diverging from the tech-heavy Nasdaq-100 and broad equity markets in 2024 to act more like a safe haven than a feared digital asset when markets become volatile.

正如本月初在ETF.com上指出的那样，全球最有价值的加密货币与2024年的高科技纳斯达克-100和广泛的股票市场有所不同，而当市场变得波动时，比恐惧的数字资产更像是避风港。

While still performing far below the lofty heights of precious metals like gold in 2024, Bitcoin is finally acting like the “digital gold” moniker it was previously given.

比特币的表现仍低于2024年黄金等贵金属高度，但终于表现得像以前给出的“数字黄金”绰号。

Why IBIT, Other Bitcoin ETFs Are Outperforming in 2024

为什么ibit，其他比特币ETF在2024年表现优于

In 2024, spot Bitcoin ETFs like IBIT have shown notable resilience and, at times, outperformance compared to traditional equity benchmarks such as the S&P 500.

在2024年，像IBIT这样的斑点比特币ETF表现出显着的弹性，有时与传统的股权基准（例如标准普尔500）相比，有时表现出色。

As of Tuesday, IBIT has advanced 4% over the past month, whereas VOO and other S&P 500 ETFs are down about 8% during the same period.

截至周二，IBIT在过去一个月中的增长4％，而VOO和其他同期ETF在同一时期下降了约8％。

This performance divergence suggests that Bitcoin is increasingly being viewed as a potential safe-haven asset amid market volatility. Several factors contribute to this perception.

这种性能差异表明，由于市场波动，比特币越来越被视为潜在的避风势资产。几个因素导致了这种看法。

Decentralization and Limited Supply

权力下放和有限的供应

Bitcoin's decentralized nature and capped supply of 21 million coins make it an attractive asset for investors seeking assets that are less susceptible to inflation and centralized control.

比特币的分散性质和2100万枚硬币的封顶供应使其成为寻求不易通货膨胀和集中控制资产的投资者的有吸引力的资产。

Bitcoin ETFs Smash Records Amid Institutional Adoption

在机构采用的情况下，比特币ETF粉碎了记录

The rapid growth of spot Bitcoin ETFs, such as IBIT, which reached $50 billion in assets under management faster than any other ETF, underscores the increasing interest from institutional investors.

诸如IBIT之类的现货比特币ETF的快速增长，该公司的管理资产比任何其他ETF都要快500亿美元，这强调了机构投资者的兴趣越来越大。

Comparative Performance

比较性能

During recent market selloffs, Bitcoin's performance compares favorably to traditional safe-haven assets like gold and long-term Treasury bonds on a risk-adjusted basis.

在最近的市场抛售过程中，比特币的绩效与传统的安全资产（如黄金和长期债券债券）相比，在风险调整后的基础上进行了比较。

Bottom Line

底线

Although its recent performance is impressive, especially given the volatile market environment, investors should be aware that Bitcoin's safe-haven status is still evolving. While it has shown resilience recently, its historical volatility remains a concern for many investors.

尽管其最近的表现令人印象深刻，尤其是考虑到易变的市场环境，但投资者应该意识到比特币的安全状况仍在不断发展。尽管最近显示出韧性，但其历史波动仍然是许多投资者的关注点。

As such, while spot Bitcoin ETFs like IBIT offer exposure to this emerging asset class, they should be considered within the context of an investor's overall risk tolerance and investment objectives.

因此，尽管像IBIT这样的现货比特币ETF提供了对这种新兴资产类别的接触，但应在投资者的总体风险承受能力和投资目标的背景下考虑它们。