<ul>
<li><em>ETF 分析师预计比特币 ETF 将在未来几年超越黄金 ETF。</em></li>
<li><em>比特币 ETF 连续第三天出现资金流出。</em></li>
</ul>
<p>在最近与 Natalie Brunell 的采访中，彭博社高级 ETF 分析师 Eric Balchunas 预测比特币 [BTC] ETF 的未来将非常光明。</p>
<p>该分析师预测了一个显著的增长轨迹，表示，</p>
<blockquote>
<p>“它们 [比特币 ETF] 将超越黄金 ETF，甚至可能在未来几年达到黄金 ETF 的三倍。”</p>
</blockquote>
<h2><strong>比特币 ETF 相较于黄金 ETF 的优势</strong></h2>
<p>黄金一直是投资者在经济不确定时期寻求避风港的首选资产。它提供了作为对抗通货膨胀和货币贬值的稳定性。</p>
<p>然而，Balchunas 进一步阐述，比特币为这一领域带来了完全不同的维度。黄金的稳定但缓慢的价值，虽然对某些人有吸引力，却缺乏许多现代投资者所渴望的 “刺激”。</p>
<p>分析师指出，尽管比特币的波动性常常被视为缺点，但实际上它在当今市场中的吸引力正是这一点。它作为一种高风险、高贝塔的投资，吸引着寻求超越黄金所能提供的潜在增长的投资者。</p>
<h2><strong>比特币：货币的 “第二修正案”</strong></h2>
<p>Balchunas 讨论的另一个有趣概念是比特币作为 “货币的第二修正案”，这个说法借鉴自作者 Benjamin Hart。</p>
<p>分析师解释道，就像美国的第二修正案为公民提供了一定的保护，比特币也提供了一种金融主权。</p>
<p>它保护用户免受政府货币政策和通过过度印钞引发的通货膨胀的影响。</p>
<p>Balchunas 还将比特币目前的状态比作一个 “叛逆的青少年”，虽然最终可能会成熟，但目前带来了活力、波动性和一些不可预测性。他打趣道，</p>
<blockquote>
<p>“它是青少年黄金……如果你能把 4000 年的黄金带回到它 16 岁的时候，它可能表现得也差不多。”</p>
</blockquote>
<h2><strong>比特币 ETF 的表现如何？</strong></h2>
<p>与此同时，Balchunas 指出，尽管他和同事分析师 James Seyffart 预测第一年的净流入将达到 100-150 亿美元，但总额已经接近 240 亿美元。</p>
<p>他承认，比特币 ETF 确实，</p>
<blockquote>
<p>“完全超出了我们的预期。”</p>
</blockquote>
<p>Balchunas 强调，这一增长率是显著的，尤其是与黄金 ETF 相比，后者花了四到五年才达到类似的流入水平。</p>
<p>该分析师还提到，尽管流入数字可能会变化，特别是如果即将到来的美国选举或经济衰退等外部因素影响市场，但比特币 ETF 表现出了韧性。</p>
<p>尽管如此，比特币 ETF 并未免于波动。SoSo Value 的数据表明，自 11 月以来，ETF 已经连续三天出现资金流出。</p>
<p>在 11 月 5 日，总的每日净流出为 1.169 亿美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/11/Screenshot-2024-11-06-at-2.08.00PM.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/11/Screenshot-2024-11-06-at-2.08.00PM.png"/></p>
<p>来源：SoSo Value</p>
<p>值得注意的是，比特币 ETF 的管理资产总额仍然强劲，达到 692.8 亿美元，约占比特币整体市值的 5.04%。</p>

GBTC

<p>ETF 分析师埃里克·巴尔丘纳斯预测，比特币 ETF 可能会超过黄金 ETF，未来几年其价值可能会增长三倍。他强调，比特币的波动性对寻求增长的现代投资者具有吸引力，与黄金的稳定性形成对比。巴尔丘纳斯将比特币描述为一种金融主权，类似于 “货币的第二修正案”。尽管近期出现资金流出，比特币 ETF 仍显示出显著增长，总管理资产达到 280 亿美元，占比特币市值的 5.04%。然而，它们并未免受市场波动的影响，经历了连续三天的资金流出</p>

<ul>
<li><em>ETF analyst expects Bitcoin ETFs to surpass gold ETFs in upcoming years.</em></li>
<li><em>BTC ETFs see outflows for the third consecutive day.</em></li>
</ul>
<div class="lb-trans"><ul>
<li><em>ETF 分析师预计比特币 ETF 将在未来几年超越黄金 ETF。</em></li>
<li><em>比特币 ETF 连续第三天出现资金流出。</em></li>
</ul>
</div><p>In a recent interview with Natalie Brunell, Eric Balchunas, senior ETF analyst at Bloomberg, predicted an impressive future for Bitcoin [BTC] ETFs.</p>
<div class="lb-trans"><p>在最近与 Natalie Brunell 的采访中，彭博社高级 ETF 分析师 Eric Balchunas 预测比特币 [BTC] ETF 的未来将非常光明。</p>
</div><p>The analyst forecasted a substantial growth trajectory, stating,</p>
<div class="lb-trans"><p>该分析师预测了一个显著的增长轨迹，表示，</p>
</div><blockquote>
<p>“They’re [BTC ETFs] going to pass gold ETFs and maybe triple gold ETFs over the years.”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“它们 [比特币 ETF] 将超越黄金 ETF，甚至可能在未来几年达到黄金 ETF 的三倍。”</p>
</blockquote>
</div><h2><strong>Bitcoin ETFs’ edge over gold ETFs</strong></h2>
<div class="lb-trans"><h2><strong>比特币 ETF 相较于黄金 ETF 的优势</strong></h2>
</div><p>Gold has traditionally been the go-to asset for investors seeking a safe haven during economic uncertainty. It offers stability as a hedge against inflation and currency devaluation.</p>
<div class="lb-trans"><p>黄金一直是投资者在经济不确定时期寻求避风港的首选资产。它提供了作为对抗通货膨胀和货币贬值的稳定性。</p>
</div><p>However, Balchunas elaborated that Bitcoin brings an entirely different dimension to this space. Gold’s steady but slow-moving value, while appealing to some, lacks the “spice” that many modern investors crave.</p>
<div class="lb-trans"><p>然而，Balchunas 进一步阐述，比特币为这一领域带来了完全不同的维度。黄金的稳定但缓慢的价值，虽然对某些人有吸引力，却缺乏许多现代投资者所渴望的 “刺激”。</p>
</div><p>While often seen as a downside, Bitcoin’s volatility is actually part of its appeal in today’s market, the analyst noted. It serves as a high-risk, high-beta investment that appeals to investors looking for potential growth beyond what gold can offer.</p>
<div class="lb-trans"><p>分析师指出，尽管比特币的波动性常常被视为缺点，但实际上它在当今市场中的吸引力正是这一点。它作为一种高风险、高贝塔的投资，吸引着寻求超越黄金所能提供的潜在增长的投资者。</p>
</div><h2><strong>Bitcoin: The “Second Amendment of money”</strong></h2>
<div class="lb-trans"><h2><strong>比特币：货币的 “第二修正案”</strong></h2>
</div><p>Another intriguing concept Balchunas discussed was Bitcoin as the “Second Amendment of money,” a phrase borrowed from author Benjamin Hart.</p>
<div class="lb-trans"><p>Balchunas 讨论的另一个有趣概念是比特币作为 “货币的第二修正案”，这个说法借鉴自作者 Benjamin Hart。</p>
</div><p>The analyst explained that just as the Second Amendment in the United States provides a measure of protection for citizens, Bitcoin offers a form of financial sovereignty.</p>
<div class="lb-trans"><p>分析师解释道，就像美国的第二修正案为公民提供了一定的保护，比特币也提供了一种金融主权。</p>
</div><p>It safeguards users from governmental monetary policy and the potential for inflation through excessive money printing.</p>
<div class="lb-trans"><p>它保护用户免受政府货币政策和通过过度印钞引发的通货膨胀的影响。</p>
</div><p>Balchunas also likened Bitcoin’s present state to a “teenager” with a rebellious streak, one that could eventually mature but currently brings energy, volatility, and a bit of unpredictability. He quipped,</p>
<div class="lb-trans"><p>Balchunas 还将比特币目前的状态比作一个 “叛逆的青少年”，虽然最终可能会成熟，但目前带来了活力、波动性和一些不可预测性。他打趣道，</p>
</div><blockquote>
<p>“It’s teenager gold…if you could take the 4,000-year-old gold and go back to when it was 16 years old, it was probably behaving similarly.”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“它是青少年黄金……如果你能把 4000 年的黄金带回到它 16 岁的时候，它可能表现得也差不多。”</p>
</blockquote>
</div><h2><strong>How are Bitcoin ETFs doing?</strong></h2>
<div class="lb-trans"><h2><strong>比特币 ETF 的表现如何？</strong></h2>
</div><p>Meanwhile, Balchunas noted that while he and fellow analyst James Seyffart projected $10-15 billion in net flows for the first year, the total has already reached close to $24 billion.</p>
<div class="lb-trans"><p>与此同时，Balchunas 指出，尽管他和同事分析师 James Seyffart 预测第一年的净流入将达到 100-150 亿美元，但总额已经接近 240 亿美元。</p>
</div><p>He acknowledged that Bitcoin ETFs have,</p>
<div class="lb-trans"><p>他承认，比特币 ETF 确实，</p>
</div><blockquote>
<p>“Definitely defied our expectations.”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“完全超出了我们的预期。”</p>
</blockquote>
</div><p>Balchunas highlighted that this growth rate was remarkable, especially when compared to gold ETFs, which took four to five years to reach a similar level of inflows.</p>
<div class="lb-trans"><p>Balchunas 强调，这一增长率是显著的，尤其是与黄金 ETF 相比，后者花了四到五年才达到类似的流入水平。</p>
</div><p>The analyst also addressed that while the inflow numbers could change, particularly if external factors like the upcoming U.S. election or an economic downturn were to impact the market, Bitcoin ETFs have shown resilience.</p>
<div class="lb-trans"><p>该分析师还提到，尽管流入数字可能会变化，特别是如果即将到来的美国选举或经济衰退等外部因素影响市场，但比特币 ETF 表现出了韧性。</p>
</div><p>Despite this growth, BTC ETFs are not immune to fluctuations. Data from SoSo Value revealed that ETFs have had three consecutive days of outflows since November.</p>
<div class="lb-trans"><p>尽管如此，比特币 ETF 并未免于波动。SoSo Value 的数据表明，自 11 月以来，ETF 已经连续三天出现资金流出。</p>
</div><p>On the 5th of November, the total daily total net outflow was $116.90 million.</p>
<div class="lb-trans"><p>在 11 月 5 日，总的每日净流出为 1.169 亿美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/11/Screenshot-2024-11-06-at-2.08.00PM.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2024/11/Screenshot-2024-11-06-at-2.08.00PM.png"/></p>
<p>Source: SoSo Value</p>
<div class="lb-trans"><p>来源：SoSo Value</p>
</div><p>Worth noting that BTC ETFs’ total assets under management remain robust at $69.28 billion, representing around 5.04% of Bitcoin’s overall market cap.</p>
<div class="lb-trans"><p>值得注意的是，比特币 ETF 的管理资产总额仍然强劲，达到 692.8 亿美元，约占比特币整体市值的 5.04%。</p>
</div>

比特币 ETF 可能 ‘也许会达到黄金 ETF 的三倍’，分析师解释道 – 如何实现？