华尔街全力投资比特币 ETF：巨头加入贝莱德成为授权参与者

近年来，随着贝莱德、灰度和富达等公司比特币 ETF 产品的成功，比特币 (BTC) 在资产管理公司和传统金融 (TradFi) 机构中的受欢迎程度激增。这促使华尔街主要银行机构加入授权参与者（AP）市场。贝莱德最近扩大了其 iShares 比特币信托 (IBIT) ETF 的 AP 名单，其中包括高盛、Citadel、花旗集团、瑞银和荷兰银行。这些机构将在创建和赎回 ETF 份额方面发挥至关重要的作用，这反映出人们对比特币相关金融产品的接受度不断提高。

Wall Street Embraces Bitcoin ETFs: Major Institutions Join BlackRock as Authorized Participants

华尔街拥抱比特币ETF：主要机构加入贝莱德成为授权参与者

The allure of Bitcoin (BTC) continues to captivate the financial world, with asset managers and traditional finance (TradFi) institutions flocking to the digital currency. This surge in interest has fueled the proliferation of Bitcoin exchange-traded funds (ETFs), providing investors with a convenient and accessible way to gain exposure to the cryptocurrency market.

比特币 (BTC) 的魅力继续吸引着金融界，资产管理公司和传统金融 (TradFi) 机构纷纷涌向数字货币。这种兴趣的激增推动了比特币交易所交易基金（ETF）的激增，为投资者提供了一种便捷且可访问的方式来接触加密货币市场。

Among the industry leaders driving this ETF boom is BlackRock, the world's largest asset manager. BlackRock's iShares Bitcoin Trust (IBIT) ETF has garnered immense popularity, attracting substantial investments from both individuals and institutions. In a move that underscores the growing acceptance of Bitcoin-related financial products, BlackRock has recently expanded the list of authorized participants (AP) for its IBIT ETF.

全球最大的资产管理公司贝莱德是推动 ETF 热潮的行业领导者之一。贝莱德的 iShares 比特币信托 (IBIT) ETF 获得了巨大的欢迎，吸引了个人和机构的大量投资。贝莱德最近扩大了 IBIT ETF 的授权参与者 (AP) 名单，此举突显了比特币相关金融产品的接受度不断提高。

Authorized participants play a pivotal role in the ETF ecosystem. They have agreements with ETF issuers that grant them the exclusive right to create and redeem ETF shares in response to market demand. This dynamic adjustment of ETF shares ensures efficiency and cost reduction for ETF investors.

授权参与者在 ETF 生态系统中发挥着关键作用。他们与 ETF 发行人签订了协议，授予他们根据市场需求创建和赎回 ETF 份额的专有权利。 ETF份额的这种动态调整确保了ETF投资者的效率和成本降低。

The addition of five new APs to BlackRock's IBIT ETF is a testament to the growing institutional interest in Bitcoin ETFs. These new participants include financial heavyweights Goldman Sachs, Citadel, Citigroup, UBS, and clearing house ABN AMRO. This move brings the total number of authorized participants to nine, further solidifying the IBIT ETF's position as a major player in the Bitcoin ETF market.

贝莱德 IBIT ETF 新增五只 AP 证明机构对比特币 ETF 的兴趣日益浓厚。这些新参与者包括金融巨头高盛、Citadel、花旗集团、瑞银和票据交换所荷兰银行。此举使授权参与者总数达到九个，进一步巩固了 IBIT ETF 作为比特币 ETF 市场主要参与者的地位。

Bloomberg ETF expert Eric Balchunas suggests that the participation of these banking giants signifies a newfound interest in the Bitcoin sector or, at the very least, a growing comfort level with publicly associating with it. Previously, these institutions' involvement in Bitcoin ETFs was not explicitly disclosed in ETF filings. However, the remarkable growth and success of these ETFs have likely influenced their decision to openly participate.

彭博 ETF 专家埃里克·巴尔丘纳斯 (Eric Balchunas) 表示，这些银行业巨头的参与标志着人们对比特币行业产生了新的兴趣，或者至少表明人们越来越愿意公开参与比特币行业。此前，这些机构参与比特币 ETF 的情况并未在 ETF 文件中明确披露。然而，这些 ETF 的显着增长和成功可能影响了他们公开参与的决定。

The influx of Wall Street giants into the Bitcoin ETF market underscores the growing mainstream adoption of cryptocurrencies. It signals a shift in perception, where Bitcoin is no longer viewed as a niche asset but rather as a legitimate investment vehicle.

华尔街巨头涌入比特币 ETF 市场凸显了加密货币日益成为主流。它标志着观念的转变，比特币不再被视为利基资产，而是合法的投资工具。

This institutional embrace of Bitcoin ETFs is reflected in the positive market flows. The ten Spot ETFs recently approved by the US Securities and Exchange Commission (SEC) have experienced steady investor interest. On April 4, these ETFs recorded a notable net inflow of $213 million, marking the third consecutive day of positive flows.

这种机构对比特币 ETF 的接受反映在积极的市场流动中。美国证券交易委员会 (SEC) 最近批准的 10 只现货 ETF 引起了投资者的稳定兴趣。 4 月 4 日，这些 ETF 录得 2.13 亿美元的显着净流入，标志着连续第三天出现正流入。

However, Grayscale's GBTC, a Bitcoin trust that predates the launch of SEC-approved Spot ETFs, has experienced substantial net outflows. On the same day that Spot ETFs recorded positive flows, GBTC experienced a net outflow of $79.3 million, bringing its total historical net outflow to a staggering $15.31 billion.

然而，Grayscale 的 GBTC（早于 SEC 批准的现货 ETF 推出之前的比特币信托）已经历了大量净流出。在现货 ETF 录得正流量的同一天，GBTC 出现了 7930 万美元的净流出，使其历史净流出总额达到惊人的 153.1 亿美元。

In contrast to GBTC's net outflows, BlackRock's IBIT ETF has emerged as the top performer, witnessing a significant net inflow of approximately $144 million on April 4. This brings IBIT's total historical net inflow to an impressive $14.4 billion.

与 GBTC 的净流出形成鲜明对比的是，贝莱德 (BlackRock) 的 IBIT ETF 表现最佳，4 月 4 日见证了约 1.44 亿美元的大幅净流入。这使得 IBIT 的历史净流入总额达到令人印象深刻的 144 亿美元。

Despite the Bitcoin ETF market's success, BTC's price action remains sideways, trading at around $67,700. The cryptocurrency has experienced a modest 2% price decline over the past seven days. This sideways price action can be attributed to a combination of factors, including geopolitical uncertainty, regulatory concerns, and profit-taking.

尽管比特币 ETF 市场取得了成功，但 BTC 的价格走势仍然横盘整理，交易价格约为 67,700 美元。在过去 7 天里，加密货币的价格小幅下跌了 2%。这种价格横盘走势可归因于多种因素，包括地缘政治不确定性、监管担忧和获利回吐。

Nonetheless, the long-term outlook for Bitcoin remains bullish. The growing institutional adoption of Bitcoin ETFs, combined with the underlying fundamentals of the cryptocurrency, suggests that BTC has the potential to continue its upward trajectory. As more and more investors seek exposure to the digital asset, Bitcoin ETFs are poised to play a significant role in driving its mainstream adoption.

尽管如此，比特币的长期前景仍然看涨。比特币 ETF 越来越多的机构采用，加上加密货币的基本面，表明 BTC 有潜力继续其上升轨迹。随着越来越多的投资者寻求投资数字资产，比特币 ETF 有望在推动其主流采用方面发挥重要作用。