贝莱德ishares比特币信托（IBIT）已迅速成为交换资金中的重要参与者

贝莱德ishares比特币信托ETF（IBIT）迅速成为交易所资金中的重要参与者，引发了强烈的预测和辩论。

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.

贝莱德ishares比特币信托ETF（IBIT）迅速成为交易所资金中的重要参与者，引发了强烈的预测和辩论。在不到一年的时间里，该基金攀升为全球第34大，持有548亿美元的资产。它的快速上升促使人们猜测，这种比特币ETF可能会超过Vanguard的S＆P 500 ETF（VOO），这是目前管理5590亿美元资产的领导者。

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.

战略主席兼著名比特币倡导者迈克尔·塞勒（Michael Saylor）预测，伊比特（Ibit）可以在未来十年内领导全球加密投资工具。他在Bitwise举办的最近举办的比特币活动中提出了这一主张。尽管一些专家同意，但彭博的埃里克·巴尔库纳斯（Eric Balchunas）建议谨慎，因为资产差距很大，VOO在标准投资组合中的强大位置。

How Did IBIT Achieve Record-Breaking Growth?

IBIT如何实现创纪录的增长？

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月推出之后，贝莱克比特币基金会迅速引起了投资者的关注。该基金很快打破了ETF流入的多个记录，显示了通过受管制的渠道访问数字资产的强烈需求。考虑到其短期运营历史，托管资产的548亿美元证实了这一兴奋。

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.

这种迅速的增长将IBIT区分开了，尽管与VOO相比，其尺寸仍然适中。 Vanguard的标准普尔500 ETF于2010年推出，对于退休和机构投资组合至关重要，吸引了寻求美国股市广泛敞口的投资者的数十亿美元。另一方面，IBIT主要吸引那些进行加密投资并对比特币固有的波动感到满意的人。

Why Are Market Analysts Skeptical About IBIT’s Future?

为什么市场分析师对IBIT的未来持怀疑态度？

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·巴尔库纳斯（Eric Balchunas）对塞勒（Saylor）的预测发表了评论，强调了贝莱德比特币基金需要结束的巨大差距。在社交媒体平台X上的一篇文章中，Balchunas认可了Ibit在第一年的令人印象深刻的表现。但是，他解释说，超越先锋ETF要求市场动态和投资者行为发生巨大变化。

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认为，贝莱德比特币基金需要至少10亿美元的稳定流入，可能达到30亿美元或40亿美元，才能真正与VOO竞争。如此巨大的资本流程很少见，特别是针对以比特币等波动性资产为目的的产品。他认为，这种增长可能要求将美国股票市场与比特币采用飙升。

Do Recent ETF Inflows Show IBIT Can Surpass VOO?

最近的ETF流入表明IBIT可以超越VOO吗？

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.

黑石比特币基金的最新流入表明良好的动力，但也突出了未来的挑战。伊比特（Ibit）在4月22日的流入量为1.934亿美元，4月23日的流入为6.431亿美元。第二个数字标志着自1月以来的最佳一天。第二天，它又吸引了3.273亿美元，这表明投资者的信心不断增长。

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的数字仍然大大超过了IBIT的数字。 Vanguard的标准普尔500 ETF在4月22日吸引了8.3279亿美元，甚至在本月一天的一天中都记录了40亿美元。相比之下，贝莱德比特币基金的每月总ETF流入近10亿美元，而VOO经常获得更大的款项。这些数字表明，尽管伊比特取得了显着进步，但VOO的持续统治地位。

What Obstacles Remain for IBIT?

IBIT仍然存在哪些障碍？

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的预测表现出了大胆的前景，但分析师广泛认为IBIT面临的障碍很大。 IBIT必须胜过超过先锋ETF的股票。投资者的情绪还需要大幅度转移到传统市场上的数字资产。这条路向上似乎很具有挑战性，尤其是在与诸如VOO之类的常规资金规模竞争时。

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的第一年业绩表明，通过可靠的平台对加密投资的兴趣越来越大。尽管有超越VOO的挑战，但这个受欢迎的比特币ETF正在改变ETF的世界，并为未来的加密货币链接资金建立基准。随着金融格局的发展，贝莱德比特币基金是市场变化和不断发展投资者对风险的态度的关键例子。