比特币ETF：风雨无阻信心坚定

2024年，加密货币市场出现明显波动，但这并没有浇灭机构投资者对比特币ETF的热情。尽管第二季度资产价值下降了 14.5%，但主要金融机构表现出了非凡的韧性。

2024 saw major fluctuations in the crypto market, but this didn’t put a damper on institutional investors’ enthusiasm for Bitcoin ETFs.

2024年，加密市场出现较大波动，但这并没有浇灭机构投资者对比特币ETF的热情。

Despite a 14.5% drop in the asset’s value during Q2, these financial heavyweights showed remarkable resilience.

尽管第二季度资产价值下降了 14.5%，但这些金融巨头表现出了非凡的韧性。

Unwavering confidence despite the storm

风雨无阻信心坚定

Many predicted a mass exodus of institutional investors during the financial storm that Bitcoin faced in Q2 of 2024.

许多人预测，在 2024 年第二季度比特币面临的金融风暴期间，机构投资者将大规模撤离。

However, the numbers paint a very different picture. According to reports filed with the US Securities and Exchange Commission, roughly 44% of asset managers increased their holdings in Bitcoin ETFs, while 22% chose to maintain their positions.

然而，这些数字却描绘出一幅截然不同的景象。根据向美国证券交易委员会提交的报告，大约 44% 的资产管理公司增持了比特币 ETF，而 22% 的资产管理公司选择维持其头寸。

This leaves only a minority of 21% who reduced their exposure and a meager 13% who decided to cash out.

这样一来，只有 21% 的少数人减少了风险敞口，只有区区 13% 的人决定套现。

So, how do we explain this resilience? Well, institutional investors, who are often referred to as “diamond hands,” don’t panic at the first sign of volatility.

那么，我们如何解释这种弹性呢？好吧，通常被称为“钻石手”的机构投资者不会在出现波动的第一个迹象时惊慌失措。

Unlike retail investors, they seem to see beyond the short-term fluctuations, viewing Bitcoin not just as a speculative asset, but as a long-term store of value.

与散户投资者不同，他们的目光似乎超越了短期波动，不仅将比特币视为投机资产，而且将其视为长期价值储存手段。

This long-term perspective might explain why, even during a downturn, these investors continue to strengthen their presence in the Bitcoin ETF market.

这种长期视角可能可以解释为什么即使在经济低迷时期，这些投资者仍继续加强其在比特币 ETF 市场的影响力。

Hedge funds on the front line

对冲基金在前线

Among Bitcoin ETF holders, hedge funds stood out as the most aggressive players.

在比特币 ETF 持有者中，对冲基金是最激进的参与者。

Names like Millennium, Schonfeld, Boothbay, and Capula have become emblems of this bold investment strategy.

Millennium、Schonfeld、Boothbay 和 Capula 等名字已成为这一大胆投资策略的象征。

These funds, which manage billions of dollars in assets, saw Bitcoin as an opportunity to balance their portfolios with a dose of calculated risk.

这些管理着数十亿美元资产的基金将比特币视为平衡其投资组合与一定风险的机会。

It’s interesting to note that enthusiasm for Bitcoin ETFs wasn’t limited to hedge funds.

有趣的是，对比特币 ETF 的热情不仅限于对冲基金。

Family offices, financial advisors, and even some pension funds were drawn to the prospects offered by Bitcoin.

家族办公室、财务顾问，甚至一些养老基金都被比特币提供的前景所吸引。

This diversity of investors highlights the “mainstream” nature of Bitcoin ETFs, which managed to attract both personal wealth managers and more conservative financial institutions.

这种投资者的多样性凸显了比特币 ETF 的“主流”性质，它成功地吸引了个人财富管理机构和更为保守的金融机构。

As Bitwise’s Chief Investment Officer, Matt Hougan, pointed out, it’s almost ironic to see such different entities as Millennium and the State of Wisconsin sharing the same positions in Bitcoin ETFs.

正如 Bitwise 首席投资官 Matt Hougan 指出的那样，看到 Millennium 和威斯康星州等不同实体在比特币 ETF 中持有相同的头寸，这几乎是讽刺。

Growing Bitcoin adoption despite volatility

尽管存在波动，比特币的采用率仍在不断增长

Q2 of 2024 also saw a growing adoption of Bitcoin ETFs, despite the hostile market environment.

尽管市场环境恶劣，但 2024 年第二季度比特币 ETF 的采用也有所增加。

Matt Hougan revealed that the number of holder/ETF pairs increased by 30%, rising from 1,479 in Q1 to 1,924 in Q2. This figure is even more impressive when considering that the price of Bitcoin dropped during the same period.

Matt Hougan 透露，持有人/ETF 对的数量增加了 30%，从第一季度的 1,479 个增加到第二季度的 1,924 个。考虑到同期比特币价格下跌，这个数字更加令人印象深刻。

This increase might be a sign of institutional investors’ confidence in Bitcoin’s long-term potential.

这种增长可能表明机构投资者对比特币的长期潜力充满信心。

Indeed, far from panicking in the face of falling prices, these investors saw the opportunity to strengthen their positions at a reduced cost. This strategy, which is often used by experienced investors, is based on the idea that Bitcoin, despite its fluctuations, will ultimately appreciate in the long term.

事实上，面对价格下跌，这些投资者非但没有惊慌，反而看到了以降低成本加强头寸的机会。这种策略经常被经验丰富的投资者使用，其基础是比特币尽管波动，但从长远来看最终会升值。

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

通过我们的“阅读赚钱”计划最大化您的 Cointribune 体验！对于您阅读的每一篇文章，均可赚取积分并获得独家奖励。立即注册并开始赚取福利。