比特幣的機構採用正在上升

去年，我們可以從加密貨幣市場帶走什麼？如果我們不得不選擇一件事，那將是比特幣的機構採用肯定會在上升。諸如戰略（以前是MicroStrategy）和Metaplanet之類的公司徹底改變了公司將比特幣視為一種資產的方式。

Coinbase is launching a new Bitcoin Yield Fund (CBYF) designed for institutional investors outside of the United States. The fund aims to generate yields on Bitcoin using a basis trading strategy, taking advantage of the price difference between Bitcoin’s spot market and futures contracts.

Coinbase正在為美國以外的機構投資者設計一個新的比特幣收益基金（CBYF）。該基金旨在利用比特幣的現貨市場和期貨合約之間的價格差異，利用基礎交易策略來產生比特幣的收益率。

Unlike staked digital assets like Ethereum and Solana, Bitcoin does not inherently generate yield. However, the new Coinbase Bitcoin Yield Fund (CBYF) is designed to tackle this issue.

與以太坊和索拉納這樣的固定數字資產不同，比特幣本質上不會產生產量。但是，新的Coinbase比特幣產量基金（CBYF）旨在解決此問題。

CBYF is launching with a focus on institutional investors in regions outside the United States. It’s noteworthy that several companies in the West have been integrating Bitcoin into their treasuries.

CBYF啟動著專注於美國以外地區的機構投資者。值得注意的是，西方的幾家公司一直將比特幣整合到國庫中。

Companies like Strategy (formerly MicroStrategy) and Metaplanet have revolutionized the way firms look at Bitcoin as an asset. While a couple of years back, digital assets were seen as “too volatile” for a company to hold—actors like Michael Saylor kind of derailed that train of thought.

諸如戰略（以前是MicroStrategy）和Metaplanet之類的公司徹底改變了公司將比特幣視為一種資產的方式。雖然幾年前，數字資產被視為對公司無法持有的“太動盪”了 - 像邁克爾·塞勒（Michael Saylor）這樣的演員卻脫軌了這種思路。

With that notion in mind, CBYF units are priced at $1 million each, and investors can expect an annualized yield of 4% to 8%, according to Coinbase.

考慮到這一概念，CBYF單位的定價為100萬美元，並且投資者預計每年的收益率為4％至8％。

CBYF is also being seeded by Aspen Digital, a regulated Abu Dhabi-based digital asset manager, further reinforcing the credibility of the fund.

CBYF還由受監管的總部位於阿布扎比的數字資產經理Aspen Digital播種，進一步增強了該基金的信譽。

Despite the relative safety of the basis trading strategy and the competitive rates offered by CBYF, it’s crucial for investors to understand the risks involved in any cryptocurrency investment. All investment decisions should be made carefully and with a full consideration of individual risk tolerance and financial goals.

儘管基本交易策略和CBYF提供的競爭利率相對安全，但對於投資者來說，了解任何加密貨幣投資所涉及的風險至關重要。所有投資決策均應仔細做出，並全面考慮個人風險承受能力和財務目標。