加密貨幣對沖基金無法與比特幣相提並論

專注於加密貨幣的對沖基金在 2024 年實現了兩位數的回報。

Crypto hedge funds had a fantastic year in 2024, delivering double-digit returns, according to data from Galaxy’s Visiontrack Composite Index, which measures the performance of 130 crypto-dedicated hedge funds.

Galaxy Visiontrack 綜合指數的數據顯示，加密貨幣對沖基金在 2024 年表現出色，實現了兩位數的回報，該指數衡量了 130 只專注於加密貨幣的對沖基金的表現。

The hedge funds achieved returns of up to 40%, but this paled in comparison to bitcoin’s phenomenal 120% return over the same period.

對沖基金的回報率高達 40%，但這與比特幣同期驚人的 120% 回報率相比相形見絀。

This is despite the fact that many hedge funds go above and beyond to set themselves apart by using proprietary or creative investment strategies, which included bitcoin in many cases.

儘管事實上許多對沖基金透過使用專有或創造性的投資策略（在許多情況下包括比特幣）來超越自己，從而使自己脫穎而出。

However, last year, investors seeking crypto exposure also invested in bitcoin exchange-traded funds (ETFs), giving them access to the market without requiring them to adopt more expensive tactics.

然而，去年，尋求加密貨幣投資的投資者也投資了比特幣交易所交易基金（ETF），讓他們無需採取更昂貴的策略即可進入市場。

“2024 was a challenging year for a lot of crypto funds because it was a bitcoin and memecoins year. Those were the best assets, and everything else trailed behind,” said David Kalk, chief investment officer of Reflexive Capital.

「對許多加密基金來說，2024 年是充滿挑戰的一年，因為這是比特幣和 memecoin 的一年。這些是最好的資產，其他一切都落後了，」Reflexive Capital 首席投資長 David Kalk 表示。

According to Galaxy’s research, the majority of the gains for the crypto hedge funds occurred in the final quarter of 2024, when President Donald Trump became crypto’s biggest cheerleader with bitcoin and other cryptocurrencies surging to new highs as a result of his victory.

根據 Galaxy 的研究，加密對沖基金的大部分收益發生在 2024 年最後一個季度，當時唐納德·川普總統成為加密貨幣最大的啦啦隊長，比特幣和其他加密貨幣因他的勝利而飆升至新高。

The successful introduction of U.S. spot bitcoin ETFs also contributed to the cryptocurrency’s stellar year, with Blackrock’s IBIT ETF breaking industry records as its assets rose to almost $50 billion in just 11 months.

美國現貨比特幣 ETF 的成功推出也為加密貨幣的輝煌一年做出了貢獻，貝萊德的 IBIT ETF 打破了行業記錄，其資產在短短 11 個月內升至近 500 億美元。

With President Trump being very vocal about his support for the crypto industry, the encouraging returns are boosting confidence among companies and investors seeking to raise new funds.

隨著川普總統直言不諱地表達了他對加密貨幣行業的支持，令人鼓舞的回報正在增強尋求籌集新資金的公司和投資者的信心。