加密货币 ETF IBIT 值得买入吗？

随着现货比特币 ETF 越来越受欢迎，越来越多的散户投资者可以通过他们的经纪账户获得比特币的投资，而无需经历实际持有比特币的障碍。

One exchange-traded fund (ETF) that’s currently generating a lot of buzz is the iShares Bitcoin Trust (IBIT). Here’s a closer look at the IBIT ETF and why it may or may not be a good investment for you.

iShares 比特币信托基金 (IBIT) 是目前引起广泛关注的一种交易所交易基金 (ETF)。以下是对 IBIT ETF 的详细了解，以及为什么它对您来说可能是一项好的投资，也可能不是一项好的投资。

The iShares fund line is managed by Blackrock (BLK), the largest asset manager in the world. As of Dec. 31, 2023, Blackrock had more than $10 trillion in assets under management (AUM).

iShares 基金系列由全球最大的资产管理公司贝莱德 (BLK) 管理。截至 2023 年 12 月 31 日，贝莱德管理资产 (AUM) 超过 10 万亿美元。

The iShares Bitcoin Trust is also the largest Bitcoin ETF by a wide margin. At the end of January, the IBIT ETF had about $20 million in AUM. Its major rival, the Grayscale Bitcoin Trust (GBTC), had an AUM of about $18.67 million. And next on the list was the Fidelity Wise Origin Bitcoin Fund (FBTC) with an AUM of 11.36 million.

iShares 比特币信托也是规模最大的比特币 ETF。截至一月底，IBIT ETF 的资产管理规模约为 2000 万美元。它的主要竞争对手灰度比特币信托基金（GBTC）的资产管理规模约为 1867 万美元。其次是富达 Wise Origin 比特币基金（FBTC），资产管理规模为 1136 万。

But beyond AUM, the iShares Bitcoin Trust also stands out for how often it’s traded. Its daily volume is about 26 million. Compare that to about 5 million for the Grayscale Bitcoin Trust and the Fidelity Wise Origin Bitcoin Fund each.

但除了资产管理规模之外，iShares 比特币信托基金的交易频率也很突出。其每日交易量约为2600万份。相比之下，Grayscale 比特币信托基金和 Fidelity Wise Origin 比特币基金各约 500 万美元。

While the IBIT ETF stands out for its backing by leading asset manager Blackrock and its sheer size in the space, it does have its drawbacks. For instance, you may be facing higher fees than other spot Bitcoin ETFs at your disposal.

尽管 IBIT ETF 因其得到领先资产管理公司贝莱德 (Blackrock) 的支持及其在该领域的庞大规模而脱颖而出，但它确实有其缺点。例如，您可能面临比您可以使用的其他现货比特币 ETF 更高的费用。

The iShares fund’s expense ratio is currently a competitive 0.12%. But it could rise to 0.25% 12 months after the fee-waiver initiation date of January 11, 2024. Also, keep in mind it’ll divert to 0.25% if the fund exceeds $5 billion of the Trust’s assets prior to the end of the 12-month period.

iShares 基金的费用比率目前为具有竞争力的 0.12%。但在 2024 年 1 月 11 日费用减免启动日期后 12 个月内，该利率可能会升至 0.25%。此外，请记住，如果基金在 2024 年 1 月 11 日结束前超过信托资产的 50 亿美元，则利率将转向 0.25%。 12个月期限。

The iShares Bitcoin ETF Trust’s fees (Assuming the upcoming 0.25%) puts it in line with other leading contenders like Fidelity’s Bitcoin ETF and WisdomTree Bitcoin ETF (BTCW).

iShares 比特币 ETF 信托的费用（假设即将上涨 0.25%）使其与 Fidelity 的比特币 ETF 和 WisdomTree 比特币 ETF (BTCW) 等其他领先竞争者保持一致。

These fees are modest, considering the average spot ETF expense ratio is 1.07%. However, you can find similar funds with lower fees like the following.

考虑到平均现货 ETF 费用率为 1.07%，这些费用并不高。但是，您可以找到费用较低的类似基金，如下所示。

But you should also consider the IBIT’s performance as of date.

但您还应该考虑 IBIT 截至目前的表现。

Since inception, the iShares fund has closed at a 52-week high of $41.99. The 52-week highs for the Grayscale Bitcoin ETF and the Fidelity Bitcoin ETF stand at $65.61 and $64.42, respectively.

自成立以来，iShares 基金收于 41.99 美元的 52 周高点。 Grayscale 比特币 ETF 和 Fidelity 比特币 ETF 的 52 周高点分别为 65.61 美元和 64.42 美元。

But before you invest in any spot Bitcoin ETF, consider this.

但在您投资任何现货比特币 ETF 之前，请考虑这一点。

Your holdings would be reflecting the price movements of Bitcoin, so you’d essentially be investing in this cryptocurrency. Remember that this wildly popular crypto coin has been known for its sky-piercing highs, as well as meteoric falls that can come at a second’s notice – as with the greater crypto market.

您的持有量将反映比特币的价格变动，因此您本质上是在投资这种加密货币。请记住，这种广受欢迎的加密货币以其冲天的高点以及可能在一瞬间出现的急剧下跌而闻名——就像更大的加密货币市场一样。

So be sure to do your due diligence before investing in a spot Bitcoin ETF or any investment directly or indirectly related to crypto, and make sure you have the risk tolerance to stomach any of the drops.

因此，在投资现货比特币 ETF 或任何与加密货币直接或间接相关的投资之前，请务必进行尽职调查，并确保您有风险承受能力来承受任何下跌。