华尔街巨头加入贝莱德的比特币 ETF 革命，标志着加密货币的主流采用

贝莱德扩大了 iShares 比特币信托 ETF 的授权参与者团队，纳入了花旗、高盛、瑞银和 Citadel 等金融巨头。此举标志着机构对加密货币的接受度不断提高，旨在增强新兴比特币 ETF 现货市场的流动性和投资者信任。

Financial Titans Join BlackRock's Bitcoin ETF Revolution, Signaling Institutional Embrace of Cryptocurrency

金融巨头加入贝莱德的比特币 ETF 革命，标志着机构对加密货币的拥抱

In a landmark move that underscores the rapidly evolving landscape of institutional investment, financial powerhouses Citi, Goldman Sachs, UBS, and Citadel have joined the ranks of BlackRock's authorized participants for its iShares Bitcoin Trust ETF. This strategic alliance signifies a profound shift in the industry's perception of cryptocurrency assets, injecting a surge of liquidity and investor confidence into the burgeoning spot bitcoin ETF market.

金融巨头花旗、高盛、瑞银和 Citadel 已加入贝莱德 iShares 比特币信托 ETF 的授权参与者行列，这一里程碑式的举措突显了机构投资格局的快速发展。这一战略联盟标志着行业对加密货币资产看法的深刻转变，为蓬勃发展的现货比特币 ETF 市场注入了大量的流动性和投资者信心。

Authorized Participants: Gatekeepers of ETF Liquidity

授权参与者：ETF流动性的看门人

An Authorized Participant (AP) plays a pivotal role in the ETF ecosystem, acting as the intermediary responsible for purchasing the underlying assets of an ETF (in this case, bitcoin) and creating new shares in exchange. This process serves as the lifeblood of ETF liquidity, ensuring a smooth flow of capital in and out of the fund.

授权参与者 (AP) 在 ETF 生态系统中发挥着关键作用，充当中介机构，负责购买 ETF 的基础资产（在本例中为比特币）并在交易所中创建新股。这一过程是ETF流动性的命脉，确保资金进出基金的顺畅流动。

BlackRock's iShares Bitcoin Trust ETF, the world's largest asset manager, has been at the forefront of this transformative trend. The addition of Citi, Goldman Sachs, UBS, and Citadel as APs amplifies the fund's reach and liquidity, providing investors with enhanced access and flexibility in navigating the bitcoin market.

全球最大的资产管理公司贝莱德旗下的 iShares 比特币信托 ETF 一直处于这一变革趋势的前沿。花旗、高盛、瑞银和 Citadel 作为 AP 的加入扩大了该基金的影响力和流动性，为投资者提供了更好的进入比特币市场的机会和灵活性。

Shifting Tides: Wall Street Embraces Cryptocurrency

潮流转变：华尔街拥抱加密货币

The recognition of these esteemed firms as authorized participants marks a significant departure from the traditional skepticism surrounding cryptocurrency investments. According to Eric Balchunas, a senior ETF analyst at Bloomberg, the firms' involvement may have initially been kept under wraps due to lingering stigmas associated with the industry.

这些受人尊敬的公司被认可为授权参与者，标志着与围绕加密货币投资的传统怀疑论的重大背离。彭博社高级 ETF 分析师埃里克·巴尔丘纳斯 (Eric Balchunas) 表示，由于该行业挥之不去的耻辱，这些公司的参与最初可能一直处于保密状态。

However, Balchunas postulates that the firms' newfound willingness to embrace their AP status signals a fundamental change in attitude. He suggests that the "mega-flows" and success of spot bitcoin ETFs have compelled investment companies to shed their previous reservations.

然而，巴尔丘纳斯认为，这些公司新愿意接受其 AP 地位，这标志着态度的根本转变。他表示，“巨额资金流”和现货比特币 ETF 的成功迫使投资公司放弃了之前的保留态度。

Institutional Interest Surges, Driving Bitcoin Prices

机构兴趣激增，推动比特币价格上涨

The surge in institutional interest in spot bitcoin ETFs has served as a catalyst for the rising price of bitcoin. As of April 4, the collective trading volume of these funds had reached an astonishing $190 billion, reflecting the insatiable appetite of investors for the digital asset.

机构对现货比特币ETF的兴趣激增，成为比特币价格上涨的催化剂。截至 4 月 4 日，这些基金的总交易量已达到惊人的 1900 亿美元，反映出投资者对数字资产的贪得无厌的胃口。

This institutional adoption has fueled a virtuous cycle, where increasing popularity of spot bitcoin ETFs has further boosted the underlying asset's value. Bitcoin's price has surged by more than 40% since the regulatory approval of the first wave of spot bitcoin ETF applications in the United States.

这种机构采用推动了良性循环，现货比特币 ETF 的日益普及进一步提升了基础资产的价值。自美国监管部门批准第一波现货比特币ETF申请以来，比特币价格已飙升逾40%。

A New Era of Cryptocurrency Investment

加密货币投资的新时代

The advent of spot bitcoin ETFs has opened up unprecedented opportunities for institutional investors to gain exposure to the burgeoning cryptocurrency market. The inclusion of Citi, Goldman Sachs, UBS, and Citadel as authorized participants in BlackRock's iShares Bitcoin Trust ETF serves as a resounding endorsement of this innovative investment vehicle.

现货比特币 ETF 的出现为机构投资者进入蓬勃发展的加密货币市场提供了前所未有的机会。花旗、高盛、瑞银和 Citadel 成为贝莱德 iShares 比特币信托 ETF 的授权参与者，这是对这一创新投资工具的充分认可。

As the institutional embrace of cryptocurrency assets continues to intensify, the spot bitcoin ETF market is poised for explosive growth. With the backing of the world's leading financial institutions, investors can confidently navigate this emerging landscape, harnessing the transformative potential of cryptocurrency investments.

随着机构对加密货币资产的接受程度不断加强，现货比特币 ETF 市场有望出现爆炸性增长。在世界领先金融机构的支持下，投资者可以自信地驾驭这一新兴格局，利用加密货币投资的变革潜力。