现货比特币 ETF 在全球范围内激增，刺激了加密货币的采用

现货比特币 ETF 在美国的迅速成功引发了其他司法管辖区的兴趣。香港最近推出了现货ETF产品，澳大利亚正在积极考虑申请。这些发展标志着主流金融接受加密货币的全球趋势。

The Meteoric Rise of Spot Bitcoin ETFs: A Global Phenomenon

现货比特币 ETF 的迅速崛起：全球现象

In the realm of cryptocurrency investment, the launch of spot Bitcoin exchange-traded funds (ETFs) has ignited a global wave of enthusiasm. These ETFs, which allow investors to gain exposure to Bitcoin's price fluctuations without directly holding the underlying asset, have proven to be a resounding success in the United States, Hong Kong, and Australia, fueling optimism for further adoption around the world.

在加密货币投资领域，现货比特币ETF的推出在全球掀起了一股热潮。这些 ETF 允许投资者在不直接持有标的资产的情况下获得比特币价格波动的敞口，事实证明，这些 ETF 在美国、香港和澳大利亚取得了巨大成功，激发了人们对全球进一步采用的乐观情绪。

US: A Market on Fire

美国：市场火热

The debut of spot Bitcoin ETFs in the US has been an unprecedented success story for the cryptocurrency industry. BlackRock's iShares Bitcoin Trust (IBIT), the first of its kind, amassed a staggering $10 billion in assets within days of its launch, surpassing any other ETF debut in history. The remarkable performance of these ETFs is evident in their average return of 43% since their inception.

现货比特币 ETF 在美国的首次亮相对于加密货币行业来说是一个前所未有的成功故事。贝莱德 (BlackRock) 的 iShares 比特币信托 (IBIT) 是同类产品中的首个，在推出后几天内就积累了惊人的 100 亿美元资产，超过了历史上任何其他首次亮相的 ETF。这些 ETF 自成立以来平均回报率为 43%，表现出色。

Hong Kong: Asia's Gateway to Crypto

香港：亚洲加密货币的门户

Recognizing the growing demand for crypto investments, Hong Kong has joined the ETF revolution. On April 30, the financial hub debuted a suite of spot ETF offerings, much to the excitement of investors. Three prominent Chinese asset managers, China Asset Management, Bosera Asset Management, and Harvest Global Investments, launched six cryptocurrency ETFs on the Hong Kong Stock Exchange.

认识到对加密货币投资不断增长的需求，香港加入了 ETF 革命。 4 月 30 日，这个金融中心推出了一系列现货 ETF 产品，令投资者兴奋不已。中国三大著名资产管理公司华夏基金、博时基金和嘉实环球投资在香港联交所推出了六只加密货币ETF。

Significantly, each of these asset managers also introduced an Ethereum ETF alongside their Bitcoin offering. This inclusion highlights the growing acceptance of Ethereum as a legitimate investment asset alongside Bitcoin in the eyes of Hong Kong regulators.

值得注意的是，这些资产管理公司在推出比特币产品的同时还推出了以太坊 ETF。这一纳入凸显了香港监管机构越来越多地接受以太坊作为与比特币一样的合法投资资产。

Expectations are running high that the Hong Kong ETF offerings will replicate the success seen in the US market. Zhu Haokang, head of digital asset management and family wealth at China Asset Management, expressed confidence in surpassing US Bitcoin ETF inflows on the first day of trading. Industry pundits are cautiously optimistic, recognizing the potential of the Chinese market but also acknowledging the challenges of matching the early momentum seen in the US.

人们对香港 ETF 产品将复制美国市场的成功寄予厚望。华夏基金数字资产管理及家族财富主管朱浩康在交易首日就表示有信心超越美国比特币ETF流入量。行业专家持谨慎乐观的态度，他们认识到中国市场的潜力，但也承认追赶美国早期势头的挑战。

Australia: Poised for ETF Dominance

澳大利亚：ETF 主导地位蓄势待发

Following Hong Kong's crypto ETF debut, Australia is poised to become the next major market to embrace the global ETF phenomenon. The country's leading exchange, the Australian Securities Exchange (ASX), is expected to approve the first spot Bitcoin ETFs for listing before the end of 2024. Several providers, including VanEck, BetaShares, and DigitalX, have submitted their applications for approval.

继香港推出加密 ETF 后，澳大利亚有望成为下一个拥抱全球 ETF 现象的主要市场。该国领先的交易所澳大利亚证券交易所 (ASX) 预计将在 2024 年底之前批准首批现货比特币 ETF 上市。包括 VanEck、BetaShares 和 DigitalX 在内的多家提供商已提交批准申请。

One of the key obstacles in the approval process is the custody solutions proposed by ETF providers for holding the underlying Bitcoin assets. The ASX is meticulous in ensuring sufficient safeguards and robust processes are in place before giving the green light to these ETFs.

审批过程中的主要障碍之一是 ETF 提供商提出的用于持有基础比特币资产的托管解决方案。澳大利亚证券交易所在为这些 ETF 开绿灯之前，会一丝不苟地确保有足够的保障措施和健全的流程。

Previous attempts to list spot Bitcoin ETFs in Australia on the smaller CBOE exchange failed to generate significant investor interest. However, the overwhelming success and buzz surrounding the recent US and Hong Kong launches have reignited optimism in the Australian market.

此前曾尝试在澳大利亚规模较小的 CBOE 交易所上市现货比特币 ETF，但未能引起投资者的浓厚兴趣。然而，最近在美国和香港推出的产品所取得的巨大成功和轰动重新点燃了澳大利亚市场的乐观情绪。

A Global Phenomenon

全球现象

The rapid adoption of spot Bitcoin ETFs around the world signals Bitcoin's growing acceptance as a legitimate investment asset class. These ETFs provide investors with a convenient and accessible way to gain exposure to cryptocurrencies without having to grapple with the complexities of direct ownership.

现货比特币 ETF 在全球范围内的迅速采用标志着比特币作为合法投资资产类别的接受度不断提高。这些 ETF 为投资者提供了一种便捷且容易获得加密货币投资的方式，而无需应对直接所有权的复杂性。

As governments and regulators continue to grapple with the regulatory framework for cryptocurrencies, the launch of spot ETFs offers a way to bridge the gap between traditional finance and the digital asset revolution. By providing a familiar and trusted investment vehicle, ETFs are opening the door to a wider pool of investors, further legitimizing the cryptocurrency asset class.

随着政府和监管机构继续努力解决加密货币的监管框架，现货 ETF 的推出提供了一种弥合传统金融和数字资产革命之间差距的方法。通过提供熟悉且值得信赖的投资工具，ETF 正在向更广泛的投资者敞开大门，进一步使加密货币资产类别合法化。

The Road Ahead

前方的路

While the launch of spot Bitcoin ETFs has been met with unprecedented enthusiasm, it is important to note that the market remains volatile and subject to fluctuations. Investors are advised to approach these investments with caution and conduct thorough research before committing funds.

虽然现货比特币 ETF 的推出受到了前所未有的热情，但值得注意的是，市场仍然不稳定且容易出现波动。建议投资者谨慎对待这些投资，并在投入资金之前进行彻底的研究。

Moreover, the approval of spot ETFs does not constitute an endorsement of Bitcoin or any other cryptocurrency by regulatory agencies, as emphasized by SEC Chair Gary Gensler. As the cryptocurrency market continues to evolve, it is likely that regulators will take a proactive approach to ensuring investor protection and mitigating potential risks associated with these investments.

此外，正如 SEC 主席 Gary Gensler 所强调的那样，现货 ETF 的批准并不构成监管机构对比特币或任何其他加密货币的认可。随着加密货币市场的不断发展，监管机构可能会采取积极主动的方法来确保投资者保护并减轻与这些投资相关的潜在风险。

Despite these caveats, the surge in popularity of spot Bitcoin ETFs is a testament to the growing acceptance of cryptocurrencies as an integral part of the global financial landscape. As more jurisdictions embrace these innovative investment vehicles, Bitcoin and other digital assets are poised to become increasingly accessible and integrated into mainstream portfolios.

尽管存在这些警告，现货比特币 ETF 的受欢迎程度激增证明了人们越来越接受加密货币作为全球金融格局不可或缺的一部分。随着越来越多的司法管辖区采用这些创新投资工具，比特币和其他数字资产将变得越来越容易获取并融入主流投资组合。