貝萊德ishares比特幣信託（IBIT）已迅速成為交換資金中的重要參與者

貝萊德ishares比特幣信託ETF（IBIT）迅速成為交易所資金中的重要參與者，引發了強烈的預測和辯論。

The BlackRock iShares Bitcoin Trust ETF (IBIT) has quickly become a significant player among exchange-traded funds, sparking strong forecasts and debate. In just under a year, the fund climbed to become the 34th largest globally, holding $54.8 billion in assets. Its rapid rise fueled speculation that this Bitcoin ETF might potentially overtake Vanguard’s S&P 500 ETF (VOO), a leader that currently manages $559 billion in assets.

貝萊德ishares比特幣信託ETF（IBIT）迅速成為交易所資金中的重要參與者，引發了強烈的預測和辯論。在不到一年的時間裡，該基金攀升為全球第34大，持有548億美元的資產。它的快速上升促使人們猜測，這種比特幣ETF可能會超過Vanguard的S＆P 500 ETF（VOO），這是目前管理5590億美元資產的領導者。

Michael Saylor, Strategy Chairman and famous Bitcoin advocate, predicted IBIT could lead global crypto investment vehicles within the next decade. He made this claim during a recent Bitcoin event hosted by Bitwise. Although some experts agree, Bloomberg’s Eric Balchunas advises caution due to the significant asset gap and the strong position VOO holds in standard investment portfolios.

戰略主席兼著名比特幣倡導者邁克爾·塞勒（Michael Saylor）預測，伊比特（Ibit）可以在未來十年內領導全球加密投資工具。他在Bitwise舉辦的最近舉辦的比特幣活動中提出了這一主張。儘管一些專家同意，但彭博的埃里克·巴爾庫納斯（Eric Balchunas）建議謹慎，因為資產差距很大，VOO在標準投資組合中的強大位置。

How Did IBIT Achieve Record-Breaking Growth?

IBIT如何實現創紀錄的增長？

Following its introduction in January 2024, the BlackRock Bitcoin fund gained investor attention remarkably quickly. The fund soon broke multiple records for ETF inflows, showing strong demand for access to digital assets through regulated channels. Considering its short operational history, $54.8 billion in managed assets confirms this excitement.

在2024年1月推出之後，貝萊克比特幣基金會迅速引起了投資者的關注。該基金很快打破了ETF流入的多個記錄，顯示了通過受管制的渠道訪問數字資產的強烈需求。考慮到其短期運營歷史，託管資產的548億美元證實了這一興奮。

Such swift growth distinguishes IBIT among recent ETF launches, though its size remains modest compared to VOO. Introduced in 2010, Vanguard’s S&P 500 ETF became essential for retirement and institutional portfolios, attracting billions from investors who sought broad U.S. stock market exposure. On the other hand, IBIT primarily attracts those who are making a crypto investment and are comfortable with Bitcoin’s inherent volatility.

這種迅速的增長將IBIT區分開了，儘管與VOO相比，其尺寸仍然適中。 Vanguard的標準普爾500 ETF於2010年推出，對於退休和機構投資組合至關重要，吸引了尋求美國股市廣泛敞口的投資者的數十億美元。另一方面，IBIT主要吸引那些進行加密投資並對比特幣固有的波動感到滿意的人。

Why Are Market Analysts Skeptical About IBIT’s Future?

為什麼市場分析師對IBIT的未來持懷疑態度？

Eric Balchunas commented on Saylor’s forecast, highlighting the huge gap the BlackRock Bitcoin fund needs to close. In a post on the social media platform X, Balchunas recognized IBIT’s impressive performance in its first year. However, he explained that overtaking the Vanguard ETF demands massive shifts in market dynamics and investor behavior.

埃里克·巴爾庫納斯（Eric Balchunas）對塞勒（Saylor）的預測發表了評論，強調了貝萊德比特幣基金需要結束的巨大差距。在社交媒體平台X上的一篇文章中，Balchunas認可了Ibit在第一年的令人印象深刻的表現。但是，他解釋說，超越先鋒ETF要求市場動態和投資者行為發生巨大變化。

Balchunas believes that the BlackRock Bitcoin fund needs steady daily inflows of at least $1 billion, potentially reaching $3 billion or $4 billion, to truly compete with VOO. Such significant capital flow is rare, particularly for offerings focused on volatile assets like Bitcoin. He suggested this growth likely requires falling U.S. equity markets alongside soaring Bitcoin adoption.

Balchunas認為，貝萊德比特幣基金需要至少10億美元的穩定流入，可能達到30億美元或40億美元，才能真正與VOO競爭。如此巨大的資本流程很少見，特別是針對以比特幣等波動性資產為目的的產品。他認為，這種增長可能要求將美國股票市場與比特幣採用飆升。

Do Recent ETF Inflows Show IBIT Can Surpass VOO?

最近的ETF流入表明IBIT可以超越VOO嗎？

Recent inflows for the BlackRock Bitcoin fund indicate good momentum but also highlight the challenges ahead. IBIT saw inflows of $193.4 million on April 22 and $643.1 million on April 23. This second figure marked its best single day since January. It drew an additional $327.3 million the following day, signaling growing investor confidence.

黑石比特幣基金的最新流入表明良好的動力，但也突出了未來的挑戰。伊比特（Ibit）在4月22日的流入量為1.934億美元，4月23日的流入為6.431億美元。第二個數字標誌著自1月以來的最佳一天。第二天，它又吸引了3.273億美元，這表明投資者的信心不斷增長。

Nevertheless, VOO’s figures still significantly exceed those of IBIT. Vanguard’s S&P 500 ETF attracted $832.79 million on April 22, and even recorded $4 billion in a single day this month. In contrast, the BlackRock Bitcoin fund’s total monthly ETF inflows approach $1 billion, whereas VOO regularly achieves much larger sums. These figures demonstrate VOO’s continued dominance despite IBIT’s notable progress.

然而，VOO的數字仍然大大超過了IBIT的數字。 Vanguard的標準普爾500 ETF在4月22日吸引了8.3279億美元，甚至在本月一天的一天中都記錄了40億美元。相比之下，貝萊德比特幣基金的每月總ETF流入近10億美元，而VOO經常獲得更大的款項。這些數字表明，儘管伊比特取得了顯著進步，但VOO的持續統治地位。

What Obstacles Remain for IBIT?

IBIT仍然存在哪些障礙？

Saylor’s forecast presents a bold outlook, yet analysts widely believe IBIT faces considerable barriers. IBIT must considerably outperform equities to surpass the Vanguard ETF. Investor sentiment would also need to shift significantly toward digital assets over traditional markets. The path upward appears challenging, particularly when competing with the scale of conventional funds like VOO.

Saylor的預測表現出了大膽的前景，但分析師廣泛認為IBIT面臨的障礙很大。 IBIT必須勝過超過先鋒ETF的股票。投資者的情緒還需要大幅度轉移到傳統市場上的數字資產。這條路向上似乎很具有挑戰性，尤其是在與諸如VOO之類的常規資金規模競爭時。

However, IBIT’s first-year results show a growing interest in crypto investment through reliable platforms. Despite the challenge of overtaking VOO, this popular Bitcoin ETF is transforming the world of ETFs and establishing a benchmark for future crypto-linked funds. As the financial landscape evolves, the BlackRock Bitcoin fund serves as a key example of market change and evolving investor attitudes toward risk.

但是，IBIT的第一年業績表明，通過可靠的平台對加密投資的興趣越來越大。儘管有超越VOO的挑戰，但這個受歡迎的比特幣ETF正在改變ETF的世界，並為未來的加密貨幣鏈接資金建立基準。隨著金融格局的發展，貝萊德比特幣基金是市場變化和不斷發展投資者對風險的態度的關鍵例子。