貝萊德旗下 iShares 比特幣信託基金飆升，挑戰灰階作為最大現貨比特幣 ETF 的主導地位

貝萊德的 IBIT ETF 預計將超越 Grayscale 的 GBTC，成為全球最大的現貨比特幣 ETF。 IBIT已連續69天流入，而GBTC則出現大幅流出。兩隻基金之間的差距已縮小至 20 億美元，IBIT 從 GBTC 手中奪取了市場份額。

BlackRock's iShares Bitcoin Trust Cements Position as Leading Spot Bitcoin ETF, Rivaling Grayscale's GBTC

貝萊德 (BlackRock) 的 iShares 比特幣信託鞏固了領先現貨比特幣 ETF 的地位，可與 Grayscale 的 GBTC 相媲美

In a remarkable turnaround, BlackRock's iShares Bitcoin Trust (IBIT) is poised to overtake Grayscale's Bitcoin Trust (GBTC) as the world's largest spot Bitcoin exchange-traded fund (ETF).

貝萊德 (BlackRock) 的 iShares 比特幣信託 (IBIT) 預計將超越灰階 (Grayscale) 的比特幣信託 (GBTC)，成為全球最大的現貨比特幣交易所交易基金 (ETF)。

Since its inception in January 2024, IBIT has experienced an unprecedented 69 consecutive days of net inflows, amassing a substantial asset base. Conversely, GBTC has faced consistent outflows, shedding approximately $16 billion since the start of the year. This disparity has significantly narrowed the gap between the two funds, with IBIT now trailing GBTC by a mere $2 billion.

自2024年1月成立以來，IBIT史無前例地連續69天淨流入，累積了豐厚的資產基礎。相反，GBTC 卻面臨持續的資金外流，自年初以來損失了約 160 億美元。這種差異大大縮小了兩檔基金之間的差距，IBIT 目前僅落後 GBTC 20 億美元。

Fidelity and BlackRock Dominate, GBTC Loses Market Share

富達和貝萊德佔據主導地位，GBTC 失去市場份額

The rise of IBIT and the concomitant decline of GBTC are symptomatic of a shift in the Bitcoin ETF landscape. Competing firms, particularly Fidelity and BlackRock, have been aggressively expanding their market presence, attracting investors with innovative products and robust investment strategies.

IBIT 的崛起和隨之而來的 GBTC 的下降是比特幣 ETF 格局變化的徵兆。競爭公司，特別是富達和貝萊德，一直在積極擴大市場份額，以創新產品和穩健的投資策略吸引投資者。

In the past week alone, Fidelity and BlackRock saw net inflows totaling $37.7 million and $18.7 million, respectively, while GBTC experienced net outflows of $89.9 million, further eroding its dominance. This trend persisted on April 19, with IBIT and Fidelity's funds receiving inflows of $30 million and $55 million, respectively, while GBTC saw an exodus of $45.8 million.

光是過去一周，富達和貝萊德的淨流入分別為 3,770 萬美元和 1,870 萬美元，而 GBTC 的淨流出為 8,990 萬美元，進一步削弱了其主導地位。這一趨勢在 4 月 19 日持續存在，IBIT 和 Fidelity 的資金分別流入 3,000 萬美元和 5,500 萬美元，而 GBTC 則流出 4,580 萬美元。

IBIT Poised for Continued Growth

IBIT 蓄勢待發，持續成長

Analysts at Bloomberg ETF predict continued success for IBIT. Eric Balchunas, an ETF analyst at Bloomberg, highlighted the fund's strong investor base and significant potential for further growth. While IBIT currently has approximately 60 reported holders, they represent only 0.4% of the fund's total shares outstanding, suggesting a vast untapped pool of potential investors.

彭博 ETF 的分析師預測 IBIT 將繼續取得成功。彭博 ETF 分析師 Eric Balchunas 強調了該基金強大的投資者基礎和進一步增長的巨大潛力。雖然 IBIT 目前約有 60 名持有人，但他們僅佔該基金已發行股份總數的 0.4%，這表明還有大量尚未開發的潛在投資者。

Implications for Investors

對投資者的影響

The resurgence of spot Bitcoin ETFs offers investors with diverse options for gaining exposure to the cryptocurrency market. IBIT's impressive track record and growing market share position it as a viable alternative to GBTC, which has faced scrutiny over its premium to NAV and potential regulatory challenges.

現貨比特幣 ETF 的復甦為投資者提供了進入加密貨幣市場的多種選擇。 IBIT 令人印象深刻的業績記錄和不斷增長的市場份額使其成為 GBTC 的可行替代品，而 GBTC 因其相對資產淨值的溢價而面臨審查以及潛在的監管挑戰。

As the Bitcoin ETF market continues to evolve, investors are advised to carefully consider the fees, liquidity, and underlying investment strategies of available products before making investment decisions.

隨著比特幣ETF市場的不斷發展，建議投資者在做出投資決策之前仔細考慮可用產品的費用、流動性和基礎投資策略。