貝萊德的比特幣ETF大富翁：收入激增，機構利益爆炸

BlackRock的比特幣ETF（IBIT）正在浪潮，甚至超過其收入的標準普爾500 ETF。對加密貨幣的機構興趣正在激增，貝萊德領導了這一指控。

BlackRock's Bitcoin ETF (IBIT) is not just a flash in the pan; it's a full-blown phenomenon. With revenue soaring and institutional interest exploding, IBIT is reshaping the crypto landscape and leaving traditional financial products in its dust.

貝萊德的比特幣ETF（IBIT）不僅是鍋中的閃光燈。這是一個成熟的現象。隨著收入飆升和機構興趣的爆發，IBIT正在重塑加密貨幣景觀，並將傳統金融產品留在其灰塵中。

IBIT's Meteoric Rise: A Revenue Rocket

ibit的迅速崛起：收入火箭

BlackRock’s iShares Bitcoin ETF (IBIT) has taken the market by storm, boasting net inflows exceeding $52 billion and assets under management surpassing $72 billion. IBIT has become a blockbuster product for BlackRock, with its annual fee revenue even eclipsing the BlackRock iShares Core S&P 500 ETF (IVV). Year-to-date inflows have crossed $14 billion, positioning IBIT among the top five ETFs launched in 2025.

貝萊德的iShares比特幣ETF（IBIT）席捲了市場，淨流入超過520億美元，管理資產超過720億美元。 IBIT已成為BlackRock的重磅炸彈產品，其年費收入甚至使BlackRock Ishares Core Core S＆P 500 ETF（IVV）黯然失色。年初流入已經超過140億美元，將IBIT定位在2025年推出的前五名ETF中。

According to ETF Store President Nate Geraci, IBIT generates $186 million in annual revenue, surpassing IVV’s $183 million. This is remarkable, considering IBIT achieved this milestone within just 18 months of its launch, managing nearly $75 billion in assets (AUM) and 700,000 BTC at a 25-basis-point fee. In contrast, the S&P 500 ETF, with $609 billion in AUM, charges a significantly lower fee of 3 basis points.

根據ETF商店總裁Nate Geraci的說法，IBIT的年收入為1.86億美元，超過IVV的1.83億美元。考慮到IBIT在推出後僅18個月內實現了這一里程碑，這是值得注意的，管理近750億美元的資產（AUM）和700,000 BTC，並以25個基準點的費用。相比之下，AUM的609億美元的標準普爾500 ETF收取3個基點的費用明顯降低。

Institutional Stampede: Bitcoin ETFs Lead the Charge

機構踩踏：比特幣ETF領導費用

S&P Global reports that Bitcoin ETFs are fueling surging institutional interest in crypto, calling their market debut a turning point for institutional crypto adoption. Since launching in 2024, these funds have pulled in billions, with BlackRock’s IBIT leading the charge.

標準普爾全球報告表明，比特幣ETF正在加劇對加密貨幣的機構興趣，稱他們的市場首次亮相是機構加密採用的轉折點。自2024年推出以來，這些資金已經籌集了數十億美元，而貝萊德（Blackrock）的IBIT領導了這一費用。

Assets under management for crypto ETFs more than doubled in just nine months, surpassing $120 billion by the end of 2024. The ease of accessing crypto through traditional brokerage platforms has been pivotal in driving demand, especially among institutions that prefer not to deal with direct custody.

在短短九個月內，管理加密ETF的資產增加了一倍以上，到2024年底超過了1,200億美元。通過傳統的經紀平台訪問加密貨幣的易於驅動需求，尤其是在不願處理直接監護的機構中，這是至關重要的。

BlackRock's recent purchase of $1.15 billion worth of Bitcoin, adding 1,530 Bitcoin on June 26 alone, underscores this trend. The firm's total Bitcoin holdings have reached a record high of $77.7 billion, signaling strong bullish sentiment and influencing other institutional investors.

貝萊德（Blackrock）最近購買了價值11.5億美元的比特幣，僅6月26日就增加了1,530個比特幣，這突顯了這一趨勢。該公司的總比特幣持有量達到了創紀錄的777億美元，表明了強烈的看漲情緒並影響了其他機構投資者。

Miner Resilience Amidst Market Fluctuations

礦工的彈性在市場波動中

Despite a recent dip in Bitcoin miner earnings, miners are holding onto their BTC, signaling resilience even as profit margins shrink. Daily revenues dropped to $34 million on June 22, the weakest level since April, driven by falling transaction fees and a muted Bitcoin price. However, outflows from miner wallets have shrunk dramatically, and mid-sized mining operations are quietly accumulating.

儘管最近的比特幣礦工收入下降了，但礦工仍堅持其BTC，即使利潤率縮小，也表明了彈性。每日收入在6月22日下降到3400萬美元，這是自4月以來最弱的水平，這是由於交易費用下降和比特幣價格下降所致。但是，礦工錢包中的流出幅度很大，中型採礦作業正在悄悄地積累。

Looking Ahead: What's Next for Bitcoin ETFs?

展望未來：比特幣ETF的下一步是什麼？

S&P expects demand for Bitcoin ETFs to continue growing, citing the simplicity of ETF trading and the added confidence provided by institutional-grade custodians. Bloomberg analysts anticipate altcoin ETFs could launch before the end of the year, further expanding the scope of regulated crypto investment products. This includes potential ETFs for assets like Solana, XRP, and even meme coins.

標準普爾預計對比特幣ETF的需求將繼續增長，理由是ETF交易的簡單性以及機構級保管人提供的增強信心。彭博分析師預計，Altcoin ETF可以在今年年底之前推出，從而進一步擴大了受監管的加密投資產品的範圍。這包括用於Solana，XRP甚至模因硬幣等資產的潛在ETF。

My Take: BlackRock's Bet is a Game Changer

我的看法：貝萊德的賭注是改變遊戲規則的人

BlackRock's aggressive foray into Bitcoin ETFs isn't just a passing fad; it's a seismic shift in the financial landscape. Their willingness to embrace Bitcoin, coupled with the overwhelming institutional interest, signals a long-term bullish outlook for crypto. The fact that IBIT is outperforming even BlackRock's S&P 500 ETF in revenue speaks volumes about the growing appetite for digital assets.

貝萊德對比特幣ETF的侵略性不僅是一種過時的時尚。這是金融格局的地震轉變。他們願意接受比特幣，再加上壓倒性的機構興趣，這表明了對加密貨幣的長期看漲前景。 IBIT在收入中的貝萊德（BlackRock）的表現都超過了貝萊德（BlackRock）的指標500 ETF，這一事實表明，對數字資產的需求日益增長。

While Bitcoin's price may experience short-term volatility, the underlying trend is clear: institutional adoption is here to stay. BlackRock's bet on Bitcoin is a game-changer, and it's only a matter of time before other major players follow suit.

儘管比特幣的價格可能會經歷短期波動，但潛在的趨勢很明顯：機構採用將留在這裡。貝萊德（Blackrock）對比特幣的賭注是改變遊戲規則的人，而其他主要球員也效仿只是時間問題。

So, What Does It All Mean?

那麼，這意味著什麼？

In a nutshell, BlackRock's Bitcoin ETF is crushing it, institutional investors are piling in, and the future of crypto looks brighter than ever. Who knew that Bitcoin could go from digital curiosity to Wall Street darling so quickly? Buckle up, folks, because the ride is just getting started!

簡而言之，貝萊德（Blackrock）的比特幣ETF粉碎了它，機構投資者正在堆積，而加密貨幣的未來看起來比以往任何時候都更加光明。誰知道比特幣可以這麼快地從數字好奇心轉向華爾街的寶貝？伙計們，搭扣，因為旅程才剛剛開始！