比特币 ETF 已经出现，但大多数财务顾问仍持观望态度

大多数顾问表示，他们既不会发起对话，也不会回答客户有关 ETF 的询问，而且大多数顾问对这些基金进行了配置的客户不超过一名。

Financial advisors are largely steering clear of bitcoin exchange-traded funds despite their arrival on the U.S. market earlier this year.

尽管比特币交易所交易基金于今年早些时候登陆美国市场，但财务顾问基本上避开了比特币交易所交易基金。

Most of the advisors said they’re neither initiating conversations nor fielding client inquiries about the ETFs – and most don't have more than one client who has made an allocation to the funds.

大多数顾问表示，他们既不会发起对话，也不会回答客户有关 ETF 的询问，而且大多数顾问对这些基金进行了配置的客户不超过一名。

Of those advisors, some are proactively educating themselves about bitcoin investing, while others — often those with an older, more traditional and conservative client base — are more dismissive.

在这些顾问中，一些人正在积极地进行比特币投资方面的自我教育，而另一些人——通常是那些拥有更老、更传统和保守的客户群的人——则更加不屑一顾。

Some of these advisors work with younger clients who have a greater appetite for risk and a longer investment time horizon. They say that their clients were already interested and educated in crypto exposure before this year, and that the arrival of ETFs hasn't motivated them to jump in.

其中一些顾问与风险偏好更大、投资期限更长的年轻客户合作。他们表示，他们的客户在今年之前就已经对加密货币感兴趣并接受了相关教育，而 ETF 的到来并没有促使他们介入。

At 15 years old, bitcoin is in a maturity phase comparable to that of a teenager — it has big potential but still comes with a lot of volatility. Bitcoin is up more than 59% this year, and about 230% from its 2022 low that deepened during the collapse of FTX. In the past three, five and 10 years the cryptocurrency has gained 85%, 704% and 10,854%, respectively. It's also suffered several 70% drawdowns over the years, which not all investors could stomach.

15岁的比特币正处于与青少年相当的成熟阶段——它具有巨大的潜力，但仍然存在很大的波动性。比特币今年上涨了 59% 以上，较 2022 年 FTX 崩溃期间的低点上涨了约 230%。在过去的三年、五年和十年里，加密货币的涨幅分别为 85%、704% 和 10,854%。多年来，该公司还遭受了数次 70% 的回撤，并非所有投资者都能接受。

Many hope consistent flows into bitcoin ETFs over the years can lower that volatility, but for now, it's still a deterrent for some.

许多人希望多年来持续流入比特币 ETF 可以降低波动性，但就目前而言，这对一些人来说仍然是一种阻碍。

"Financial advisors now have a way to give clients access [to bitcoin] that's safe, reliable and regulated," said Bradley Klontz, managing principal of YMW Advisors in Boulder, Colorado. "I love it … that it's a tool in our toolbox for clients who want it. I just don't see, right now, most firms recommending it because they're not recommending any asset class, or any particular asset, that has that much volatility."

科罗拉多州博尔德市 YMW Advisors 的管理负责人 Bradley Klontz 表示：“财务顾问现在可以通过一种安全、可靠且受监管的方式让客户获得[比特币]。” “我喜欢它......它是我们工具箱中的一个工具，为需要它的客户提供。我只是现在没有看到大多数公司推荐它，因为他们不推荐任何具有该功能的资产类别或任何特定资产波动性很大。”

Rianka Dorsainvil, co-founder and co-CEO of 2050 Wealth Partners, said that most of her clients prioritize stability and long-term growth over high-risk opportunities, and that the "relatively early stage of bitcoin ETFs in the financial landscape and the ongoing volatility associated with bitcoin" are primary factors keeping bitcoin ETFs out of her investment strategies.

2050 Wealth Partners 联合创始人兼联席首席执行官 Rianka Dorsainvil 表示，她的大多数客户优先考虑稳定性和长期增长，而不是高风险机会，并且“比特币 ETF 在金融领域的相对早期阶段和与比特币相关的持续波动”是她将比特币 ETF 排除在投资策略之外的主要因素。

Cathy Curtis, founder of Curtis Financial Planning in Oakland, California, said that she doesn't know if bitcoin will ever be a stable asset class but that she would consider adding it to client portfolios if it showed stable returns over at least 15 years.

加州奥克兰 Curtis Financial Planning 创始人 Cathy Curtis 表示，她不知道比特币是否会成为一种稳定的资产类别，但如果比特币在至少 15 年内表现出稳定的回报，她会考虑将其添加到客户投资组合中。

"If it proved itself to be a true diversifier along equities, for example, maybe," she said. "The history of that asset has not shown me that."

“例如，如果它证明自己是股票领域真正的多元化投资工具，也许是这样，”她说。 “该资产的历史并没有向我表明这一点。”

Apex Financial's Baker pointed out that investors have decades of software and tools to show them how a certain percentage of a given bond, ETF or other asset in a portfolio might enhance returns or increase volatility and more.

Apex Financial 的 Baker 指出，投资者拥有数十年的软件和工具，可以向他们展示投资组合中特定债券、ETF 或其他资产的一定比例如何可能提高回报或增加波动性等。