现货比特币 ETF 可能从根本上改变了投资者看待加密货币投资的方式

在交易的第一个完整年度中，现货比特币交易所交易基金可能从根本上改变了投资者看待加密货币投资的方式。

Spot bitcoin exchange-traded funds began trading in January of 2024, opening up the crypto market to a wider range of investors and paving the way for more such products.

现货比特币交易所交易基金于 2024 年 1 月开始交易，向更广泛的投资者开放了加密货币市场，并为更多此类产品铺平了道路。

The launch also played a role in boosting the price of bitcoin (BTCUSD) to a series of record highs, as investors poured billions into the ETFs.

随着投资者向 ETF 投入数十亿美元，此次推出也推动比特币 (BTCUSD) 价格创下一系列历史新高。

Here's a look at some of the key takeaways from the launch of spot bitcoin ETFs.

以下是推出现货比特币 ETF 的一些关键要点。

ETFs Made Investing In Bitcoin More Accessible

ETF 让投资比特币变得更容易

Spot bitcoin ETFs made it easier for investors to gain exposure to the cryptocurrency.

现货比特币 ETF 使投资者更容易获得加密货币的投资。

Typically, if you wanted to buy bitcoin, you would need a cryptocurrency wallet and need to buy the token off a cryptocurrency exchange. Instead, if you opt for a bitcoin ETF, you can buy the product using your brokerage account like you would for any other ETF.

通常，如果您想购买比特币，您将需要一个加密货币钱包，并且需要从加密货币交易所购买代币。相反，如果您选择比特币 ETF，您可以使用您的经纪账户购买该产品，就像购买任何其他 ETF 一样。

Investors have taken a liking to that ease and poured billions into spot bitcoin ETFs. That enthusiasm was evident among retail and institutional investors, with even traditional Wall Street firms and hedge funds getting in on the action.

投资者喜欢这种轻松的感觉，并向现货比特币 ETF 投入了数十亿美元。这种热情在散户和机构投资者中显而易见，甚至传统的华尔街公司和对冲基金也加入了这一行动。

Bitcoin is often called digital gold, and bitcoin ETFs are quickly gaining popularity over gold ETFs.

比特币通常被称为数字黄金，比特币 ETF 很快就超过了黄金 ETF。

Blackrock's iShares Bitcoin Trust (IBIT) is one of the more popular ETFs, with net inflows so far exceeding $37 billion. The fund has seen massive growth with assets at over $52 billion as of Jan. 9, significantly surpassing the IAU's $33 billion in assets and closing in on SPDR Gold Shares (GLD)—the largest gold ETF with assets over $75 billion.

Blackrock 的 iShares Bitcoin Trust (IBIT) 是最受欢迎的 ETF 之一，迄今为止净流入超过 370 亿美元。截至 1 月 9 日，该基金已实现大幅增长，资产规模超过 520 亿美元，大幅超过 IAU 的 330 亿美元资产，并接近 SPDR Gold Shares (GLD)——最大的黄金 ETF，资产超过 750 亿美元。

Bitcoin ETFs, Halving, Trump Win Drove Price Rally

比特币 ETF 减半、特朗普获胜推动价格上涨

Spot bitcoin ETFs hold the cryptocurrency as the underlying asset. So as more people put money into the ETF, the ETF has to buy more bitcoin. That demand helped drive bitcoin prices to record highs last year.

现货比特币 ETF 将加密货币作为基础资产。因此，随着越来越多的人将资金投入 ETF，ETF 就必须购买更多的比特币。去年，这种需求推动比特币价格创下历史新高。

Bitcoin was trading close to $46,000 on Jan. 10, when the Securities and Exchange Commission gave its approval for bitcoin ETFs to begin trading.

1 月 10 日，当美国证券交易委员会批准比特币 ETF 开始交易时，比特币的交易价格接近 46,000 美元。

Its price fell below $40,000 in the first few weeks after the ETFs started trading, but then went on to establish a new high of over $73,000 in March ahead of the bitcoin halving.

ETF 开始交易后的最初几周内，其价格跌破 40,000 美元，但随后在 3 月份比特币减半之前创下了超过 73,000 美元的新高。

Bitcoin halving, an event that occurs roughly every four years, slows the pace at which new bitcoin are created. Tighter supply and roaring demand from the ETFs created an imbalance, driving prices higher.

比特币减半大约每四年发生一次，减慢了新比特币的创造速度。 ETF 的供应紧张和需求旺盛造成了失衡，推高了价格。

Donald Trump's victory in the November presidential election provided an additional boost, amid investor hopes that a crypto-friendly White House and Congress will adopt policies that support the asset class. Bitcoin hit multiple all-time highs in the weeks after the election, rising as high as $108,000 in mid-December. The digital currency was at $95,000 on Friday afternoon.

唐纳德·特朗普在 11 月总统选举中的胜利提供了额外的推动力，投资者希望对加密货币友好的白宫和国会将采取支持该资产类别的政策。比特币在大选后的几周内创下了多个历史新高，在 12 月中旬飙升至 108,000 美元。周五下午，该数字货币价格为 95,000 美元。

Bitcoin ETFs Paved The Way For More Products

比特币 ETF 为更多产品铺平了道路

The success of the spot bitcoin ETFs has also led to the approval of other regulated, crypto-focused financial products such as spot ether ETFs (ETHUSD) and options trading on the spot bitcoin ETFs.

现货比特币 ETF 的成功还导致其他受监管、以加密货币为重点的金融产品获得批准，例如现货以太坊 ETF (ETHUSD) 和现货比特币 ETF 的期权交易。

The Trump administration, which is scheduled to take control on January 20th, is expected to relax crypto regulatory restrictions, which could lead to the approval of more crypto ETFs.

定于 1 月 20 日上台的特朗普政府预计将放宽加密货币监管限制，这可能会导致更多加密货币 ETF 获得批准。

There are already proposals for XRP (XRPUSD) and Solana (SOLUSD) ETFs that have been sent to the SEC. Additionally, ETF analysts from Bloomberg see the potential for Litecoin (LTCUSD) and Hedera (HBARUSD) to have ETFs approved in 2025, following the approval of a combined bitcoin and ether ETF.

已经有关于 XRP (XRPUSD) 和 Solana (SOLUSD) ETF 的提案已发送给 SEC。此外，彭博社的 ETF 分析师认为，在比特币和以太坊 ETF 获得批准后，莱特币 (LTCUSD) 和 Hedera (HBARUSD) 的 ETF 有可能在 2025 年获得批准。