貝萊德的比特幣ETF與標準普爾500指數：收入革命

BlackRock的比特幣ETF（IBIT）正在浪潮，以年費收入超過其旗艦標準普爾500 ETF（IVV）。這對加密投資的未來意味著什麼？

BlackRock's Bitcoin ETF vs. S&P 500: A Revenue Revolution

貝萊德的比特幣ETF與標準普爾500指數：收入革命

BlackRock's iShares Bitcoin Trust (IBIT) is shaking up the ETF world. Believe it or not, this Bitcoin ETF is now raking in more annual fee revenue than BlackRock's own flagship S&P 500 ETF (IVV). Let's dive into what's driving this change and what it signals for the future of crypto investing.

貝萊德的iShares比特幣信託（IBIT）正在搖晃ETF世界。信不信由你，這款比特幣ETF現在比貝萊德（BlackRock）自己的旗艦標準普爾500 ETF（IVV）所收取的年費收入更多。讓我們深入了解正在推動這一變化的原因以及對加密投資未來的信號。

IBIT vs. IVV: A Head-to-Head

Ibit vs. IVV：正面

Launched in January 2024, IBIT has quickly amassed a whopping $75 billion in assets. With a 0.25% expense ratio, it's projected to generate about $187.2 million in annual fees. Now, compare that to the $624 billion iShares Core S&P 500 ETF (IVV), which charges a super-low 0.03% fee. IVV brings in $187.1 million. That's right, the Bitcoin ETF is edging out the S&P 500 giant!

IBIT於2024年1月推出，迅速積累了高達750億美元的資產。費用比率為0.25％，預計將產生約1.872億美元的年費。現在，將其與6240億美元的ISHARES CORE S＆P 500 ETF（IVV）相比，該核心收取超低0.03％的費用。 IVV帶來了1.871億美元。沒錯，比特幣ETF正在淘汰標準普爾500巨頭！

Nate Geraci, President at NovaDius Wealth Management, nailed it when he said, "IBIT overtaking IVV in annual fee revenue is reflective of both the surging investor demand for Bitcoin and the significant fee compression in core equity exposure."

Novadius Wealth Management總裁Nate Geraci釘了它，他說：“ IBET超過IVV年收費收入的IVV反映了投資者對比特幣的需求以及核心股權敞口中的顯著費用壓縮。”

The Bitcoin ETF Boom

比特幣ETF繁榮

Since spot Bitcoin ETFs started trading in January 2024, IBIT has been a capital magnet, attracting $52 billion of the total $54 billion invested in this category. It now controls over 55% of the assets and has seen outflows in only one month. That's some serious momentum!

自從2024年1月的現貨比特幣ETF開始交易以來，IBIT一直是資本磁鐵，吸引了這一類別投資的540億美元中的520億美元。現在，它控制著超過55％的資產，並且僅在一個月內就出現了流出。那是一些嚴肅的動力！

Paul Hickey, co-founder of Bespoke Investment Group, points out, "It’s an indication of how much pent-up demand there was for investors to gain exposure to Bitcoin as part of their overall portfolio without having to open a separate account somewhere else." He also highlights Bitcoin's dominance in the crypto space, calling it a perceived store of value.

定制投資集團的聯合創始人保羅·希基（Paul Hickey）指出：“這表明投資者有多少被壓抑的需求成為其整體投資組合的一部分而不必在其他地方開設單獨的帳戶的一部分。”他還強調了比特幣在加密貨幣領域的統治地位，稱其為有價值的存儲。

Corporate Bitcoin Adoption on the Rise

企業比特幣的收養

It's not just individuals jumping on the Bitcoin ETF bandwagon. Companies are increasingly exploring crypto strategies. Design software giant Figma, for example, disclosed $69.5 million in Bitcoin ETF holdings and plans for an additional $30 million in cryptocurrency investments. This hybrid approach – combining direct Bitcoin ownership with ETF exposure – is becoming more common.

不僅是個人跳上比特幣ETF潮流。公司越來越多地探索加密策略。例如，設計軟件巨頭Figma披露了6,950萬美元的比特幣ETF控股公司，併計劃了另外3000萬美元的加密貨幣投資。這種混合方法 - 將直接比特幣所有權與ETF暴露相結合 - 變得越來越普遍。

The Regulatory Landscape is Shifting

監管景觀正在轉移

The SEC is also playing a role. New guidelines aim to streamline approvals for token-based exchange-traded products, which could pave the way for more diverse crypto ETFs in the future. Bloomberg analysts are even predicting that spot Bitcoin ETFs could collectively hold more Bitcoin than Satoshi Nakamoto within a year!

SEC也發揮了作用。新的指南旨在簡化基於令牌的交易所交易產品的批准，這可能在將來為更多樣化的加密ETF鋪平道路。彭博分析師甚至預測，比特比特幣ETF可以在一年內集體持有比Nakamoto更多的比特幣！

What Does It All Mean?

這是什麼意思？

The rise of BlackRock's Bitcoin ETF signals a major shift in how investors view crypto. It's no longer a fringe asset class but a legitimate part of the financial landscape. While IVV remains a heavyweight, IBIT's rapid growth shows that regulatory greenlights and surging investor demand can transform access to Bitcoin exposure.

貝萊德比特幣ETF的興起標誌著投資者如何看待加密貨幣的重大轉變。它不再是邊緣資產類別，而是金融景觀的合法部分。儘管IVV仍然是重量級的，但IBIT的快速增長表明，監管綠燈和投資者需求激增可以改變對比特幣暴露的機會。

In fact, Bitcoin hit a new all-time high of $111,970 on May 22, 2025! The data clearly reflects the surging investor demand.

實際上，比特幣在2025年5月22日達到了111,970美元的新歷史高點！數據清楚地反映了投資者的需求。

The Bottom Line

底線

So, is this the beginning of the end for traditional ETFs? Probably not. But it's definitely a wake-up call. BlackRock's Bitcoin ETF success proves that investors are hungry for crypto exposure, and the financial world is adapting to meet that demand. Keep an eye on this space – it's only going to get more interesting from here!

那麼，這是傳統ETF終點的開始嗎？可能不是。但這絕對是一個警鐘。貝萊德（Blackrock）的比特幣ETF成功證明了投資者渴望加密貨幣，而金融界正在適應滿足這一需求。密切關注這個空間 - 從這裡只會變得更加有趣！