CALAMOS，比特幣策略和機構進入：加密投資的新時代

Calamos啟動了一項結構化的比特幣戰略，以吸引機構投資者，而Murano Pioneers Bitcoin集成為公司戰略。

Hold onto your hats, folks! The world of institutional Bitcoin investment is heating up faster than a New York sidewalk in July. With firms like Calamos and Murano making bold moves, it's time to dive into what's shaking up the crypto scene.

抓住你的帽子，伙計們！機構比特幣投資的世界比七月份的紐約人行道更快。隨著Calamos和Murano等公司進行大膽的舉動，是時候潛入震撼加密貨幣的情況了。

Calamos' Protected Bitcoin Strategy: A Game Changer?

Calamos的受保護比特幣策略：改變遊戲規則？

Global investment heavyweight Calamos has just dropped a structured Bitcoin investment strategy designed to ease institutional investors into the crypto waters. The key? Risk reduction. Their "Protected Bitcoin" approach caps potential gains while limiting downside exposure. Think of it as Bitcoin with training wheels. This strategy is a direct response to institutions wanting a piece of the Bitcoin pie without the stomach-churning volatility.

全球投資重量級Calamos剛剛放棄了一項結構化的比特幣投資策略，旨在將機構投資者放入加密水域。鑰匙？降低風險。他們的“受保護的比特幣”進近限制了潛在的收益，同時限制了下行暴露。將其視為帶有訓練輪的比特幣。這種策略是對想要一塊比特幣派的機構的直接反應，而無需胃動。

How Does It Work?

它如何工作？

Calamos uses a multi-tiered system aligned with familiar risk profiles. They use zero-coupon U.S. Treasury bonds to create a capital floor, ensuring a minimum return based on the chosen protection level. Then, they buy call options on the Bitcoin Index for upside exposure while selling out-of-the-money call options to offset costs. It’s like financial engineering meets crypto.

Calamos使用的多層系統與熟悉的風險概況對齊。他們使用零企業的美國國庫債券來創建資本層，確保基於所選保護級別的最低迴報。然後，他們在比特幣指數上購買了呼叫選項，以進行上行曝光，同時出售零錢的電話選項以抵消成本。就像金融工程會遇到加密貨幣一樣。

Risk-Return Tiers: Something for Everyone

風險回收層：每個人的東西

The strategy offers three tiers:

該策略提供了三個層：

• 100% Protection: Mimics U.S. Treasuries, prioritizing safety.
• Moderate Protection: Similar to gold or real assets in volatility and returns.
• Equity-Like Exposure: Higher return potential with elevated risk.

Remember, the downside limits only hold if you stay in it for the long haul. Early exits could mean capital loss. But hey, no risk, no reward, right?

請記住，只有在您長期留在其中時，下行限制才能達到。提早出口可能意味著資本損失。但是，嘿，沒有風險，沒有回報，對嗎？

Murano's Bold Move: Bitcoin as a Core Corporate Strategy

Murano的大膽舉動：比特幣作為核心公司戰略

While Calamos is structuring Bitcoin for institutions, Murano Global Investments PLC is taking a different route. They're integrating Bitcoin into the very core of their corporate strategy. Murano has joined Bitcoin for Corporations’ (BFC) Chairman’s Circle, signaling a deep commitment to Bitcoin beyond just treasury allocation.

儘管Calamos正在為機構構建比特幣，但Murano Global Investments Plc正在採取不同的路線。他們將比特幣納入其公司戰略的核心。穆拉諾（Murano）加入了公司（BFC）董事長圈子的比特幣，這表明對比特幣的堅定承諾不僅僅是財政部分配。

An 80/20 Vision

80/20的視覺

Murano aims for an 80/20 Bitcoin-to-cash balance sheet allocation. They're actively rotating capital from real estate into Bitcoin, creating a hybrid model of hard assets above ground and hard money beneath it. Now that's what I call conviction.

Murano的目標是進行80/20比特幣至現金的資產負債表分配。他們正在積極將資本從房地產旋轉到比特幣，從而在地面上方創建了硬資產的混合模型，並在其下方創建了硬錢。現在，這就是我所說的信念。

Why This Matters

為什麼這很重要

Murano’s move isn’t just symbolic; it’s structural. They see Bitcoin as a foundational asset, philosophically and financially. By joining Chairman’s Circle, they're aligning themselves with companies defining a new era in capital markets.

穆拉諾的舉動不僅僅是像徵性的。這是結構性的。他們將比特幣視為哲學和財務上的基礎資產。通過加入主席圈子，他們與定義資本市場新時代的公司保持一致。

The Big Picture: Institutional Bitcoin is Here to Stay

大局：機構比特幣在這裡留下來

What does all this mean? Institutional interest in Bitcoin is maturing. Firms are no longer just dipping their toes in; they're diving in headfirst, whether through structured products like Calamos’ or by integrating Bitcoin into their core operations like Murano. The trend is clear: Bitcoin is becoming a legitimate asset class in the eyes of institutional investors.

這意味著什麼？對比特幣的機構興趣正在成熟。公司不再僅僅將腳趾浸入其中；無論是通過諸如Calamos的結構化產品，還是將比特幣集成到Murano等核心運營中，他們都會跳入頭頂。趨勢很明顯：在機構投資者看來，比特幣正在成為合法的資產類別。

Final Thoughts: Buckle Up!

最終想法：搭扣！

As Bitcoin continues to mature, expect more innovative strategies and bolder moves from institutional players. The ride might be volatile, but the destination looks promising. So, grab a coffee, keep your eye on the market, and get ready for the next chapter in the Bitcoin saga. It’s gonna be a wild one!

隨著比特幣繼續成熟，期望從機構參與者中獲得更多創新的策略和更大膽的動作。騎行可能是動蕩的，但目的地看起來很有希望。因此，請喝咖啡，保持市場上的關注，並為比特幣傳奇的下一章做好準備。這將是一個瘋狂的人！