贝莱德的 ETF 成为全球最大的比特币基金

贝莱德旗下 iShares 比特币信托已成为全球最大加密货币基金，总资产近 200 亿美元

BlackRock Inc's (BLK.N) exchange-traded fund became the world's largest fund for bitcoin on Tuesday, a title that had been held by Grayscale Bitcoin Trust since 2013.

周二，贝莱德 (BLK.N) 的交易所交易基金成为全球最大的比特币基金，这一头衔自 2013 年以来一直由灰度比特币信托公司 (Grayscale Bitcoin Trust) 持有。

The iShares Bitcoin Trust had $19.68 billion of the token on Tuesday, overtaking Grayscale Bitcoin Trust's $19.65 billion, Bloomberg News reported on Wednesday, citing data it compiled.

彭博新闻周三援引其编制的数据报道称，iShares 比特币信托周二持有价值 196.8 亿美元的代币，超过灰度比特币信托 (Grayscale Bitcoin Trust) 的 196.5 亿美元。

Reuters could not independently verify those numbers. Grayscale's product website cites its assets under management as being $19.75 billion. A spokesperson could not be reached for comment.

路透社无法独立核实这些数字。 Grayscale 的产品网站称其管理的资产为 197.5 亿美元。未能联系到发言人置评。

When the nine new ETFs launched in January, Grayscale's fund had about $29 billion in assets.

当 1 月份推出 9 只新 ETF 时，Grayscale 的基金资产约为 290 亿美元。

The relative flows into BlackRock's ETF and out of the Grayscale Bitcoin Trust have been closely watched by market analysts since U.S. regulators approved the launch of the nine new ETFs and the conversion of Grayscale's publicly traded trust into an exchange-traded product on Jan. 10.

自美国监管机构于 1 月 10 日批准推出 9 只新 ETF 以及将灰度公开交易信托转换为交易所交易产品以来，流入贝莱德 ETF 和流出灰度比特币信托的相对资金流一直受到市场分析师的密切关注。

The Securities and Exchange Commission, which is led by crypto skeptic Gary Gensler, had rejected spot bitcoin ETFs for more than a decade over market manipulation worries, but it approved them in January after Grayscale won a court challenge last year.

由加密货币怀疑论者加里·根斯勒 (Gary Gensler) 领导的美国证券交易委员会 (Securities and Exchange Commission) 十多年来一直因市场操纵担忧而拒绝现货比特币 ETF，但在灰度去年赢得法庭诉讼后，该委员会于 1 月份批准了比特币 ETF。

That proved to be a short-lived victory for Grayscale, which has seen assets steadily flow out of its newly converted ETF since it began trading on Jan. 11.

事实证明，这对 Grayscale 来说是一次短暂的胜利，自 1 月 11 日开始交易以来，资产稳步从其新转换的 ETF 中流出。

BlackRock's growing dominance of the ultra-competitive new spot bitcoin landscape "is a reminder that being the first mover doesn't necessarily mean that someone ends up as the biggest winner," said Aniket Ullal, head of ETF data and analytics at CFRA. Early incumbents can have legacy disadvantages, he noted.

CFRA ETF 数据和分析主管 Aniket Ullal 表示，贝莱德在竞争异常激烈的新现货比特币领域日益占据主导地位，“这提醒我们，成为先行者并不一定意味着有人最终成为最大的赢家”。他指出，早期的任职者可能会面临遗留下来的劣势。

From the outset, Grayscale has faced headwinds including selling pressure and a fee of 1.5%, which is notably higher than the average of about 0.25% charged by its new rivals, which also include firms like Fidelity Investments and ARK Investments.

从一开始，Grayscale 就面临着阻力，包括抛售压力和 1.5% 的费用，这明显高于其新竞争对手约 0.25% 的平均收费，其中还包括富达投资 (Fidelity Investments) 和 ARK Investments 等公司。

CFRA's Ullal noted, meanwhile, that BlackRock benefits from its strong distribution network among independent financial advisers and wealth managers.

与此同时，CFRA 的乌拉尔指出，贝莱德受益于其独立财务顾问和财富管理机构强大的分销网络。

"We're seeing significant assets moving into the ETF from the wealth community as well as from individual advisors," Jay Jacobs, U.S. head of thematic and active ETFs, told Reuters on Tuesday ahead of the Bloomberg report.

周二，在彭博社发布报告之前，美国主题和主动 ETF 负责人杰伊·雅各布斯 (Jay Jacobs) 告诉路透社，“我们看到财富界和个人顾问的大量资产正在流入 ETF。”

"A lot of early movers went from direct ownership of digital assets to IBIT," Jacobs added. "Some of those accounts had millions of dollars invested in the cryptocurrency.

“许多早期推动者从直接拥有数字资产转向了 IBIT，”Jacobs 补充道。 “其中一些账户投资了数百万美元的加密货币。

While some hedge funds reported large positions in the new ETFs as of the end of the first quarter, other institutional investors have been slower to embrace the new bitcoin ETFs.

尽管一些对冲基金报告称截至第一季度末持有大量新 ETF 头寸，但其他机构投资者接受新比特币 ETF 的速度较慢。

"We know that this is going to be the longest process," said Jacobs of those institutional buyers. "In some cases, it could take years.

“我们知道这将是最长的过程，”雅各布斯在谈到这些机构买家时说道。 “在某些情况下，可能需要数年时间。