比特幣突破 10 萬美元大關，加密貨幣基金獲得回報

今年到目前為止，比特幣的價格已上漲 130% 至 10 萬美元左右，推動主要加密貨幣的總市值從 1.8 兆美元增加到 3.5 兆美元。

As Bitcoin price recently surpassed the $100,000 mark, hedge funds focused on cryptocurrencies are reaping substantial profits.

隨著比特幣價格最近突破 10 萬美元大關，專注於加密貨幣的對沖基金正在獲得巨額利潤。

According to data from Hedge Fund Research, funds adopting cryptocurrency strategies averaged a 46% increase in November, with a year-to-date return of 76%.

根據對沖基金研究的數據，採用加密貨幣策略的基金 11 月平均成長 46%，年初至今回報率為 76%。

This performance far exceeds the industry average, with the average return for hedge funds during the same period being only 10%. Notably, Brevan Howard Asset Management and Galaxy Digital, the cryptocurrency investment management company founded by billionaire Mike Novogratz, are among the biggest winners in this wave of digital asset surges.

這一業績遠超過行業平均水平，同期對沖基金的平均回報率僅10%。值得注意的是，Brevan Howard Asset Management和億萬富翁Mike Novogratz創立的加密貨幣投資管理公司Galaxy Digital是這波數位資產浪潮的最大贏家。

As reported by the Financial Times, citing informed sources, Brevan Howard's main cryptocurrency fund rose by 33% in November, with a cumulative increase of 51% over the first 11 months of this year. As one of the largest hedge fund management companies, Brevan Howard launched a dedicated cryptocurrency business in 2021, handling assets totaling up to $35 billion.

根據《金融時報》引述知情人士消息稱，Brevan Howard 旗下主要加密貨幣基金 11 月上漲 33%，今年前 11 個月累計上漲 51%。作為最大的對沖基金管理公司之一，Brevan Howard於2021年推出了專門的加密貨幣業務，管理的資產總額高達350億美元。

On the other hand, Galaxy's hedge fund strategy rose by 43% in November and has increased by 90% year-to-date in 2024. This New York-based company has more than doubled its managed assets to $4.8 billion over the past two years by acquiring assets from bankrupt cryptocurrency companies.

另一方面，Galaxy 的對沖基金策略在11 月成長了43​​%，到2024 年迄今成長了90%。億美元透過從破產的加密貨幣公司收購資產。

Despite a recent pullback in the cryptocurrency market due to the Federal Reserve indicating that next year's rate cuts may be lower than expected, analysts believe this does not overshadow the digital assets институционалs' overall strong performance.

儘管最近由於聯準會暗示明年的降息幅度可能低於預期，導致加密貨幣市場出現回調，但分析師認為，這並沒有掩蓋數位資產整體強勁的表現。

In 2022, the industry faced a deep crisis with the collapse of Sam Bankman-Fried's FTX exchange, causing Bitcoin's price to drop to around $15,500. However, in January 2024, the U.S. Securities and Exchange Commission approved 11 exchange-traded Bitcoin funds, opening the door for institutional and retail investors to enter the cryptocurrency market.

2022 年，隨著 Sam Bankman-Fried 的 FTX 交易所倒閉，該行業面臨嚴重危機，導致比特幣價格跌至 15,500 美元左右。然而，2024年1月，美國證券交易委員會批准了11只交易所交易的比特幣基金，為機構和散戶投資者進入加密貨幣市場打開了大門。

Last week, the world's largest asset management company, BlackRock, also stated that they believe “there is ample reason to include Bitcoin in a multi-asset portfolio.”

上週，全球最大的資產管理公司貝萊德也表示，他們相信「有充分的理由將比特幣納入多元資產投資組合」。

Moreover, some macro hedge funds have also increased their investments in digital assets. Notably, MP Alpha Capital's $20 million global macro hedge fund has risen by more than 30% this year. The company's partner, Damien Miller, stated that their investment strategy revolves around the institutional adoption of digital assets, against a macro backdrop of loose monetary policy, a weak dollar, and ample liquidity.

此外，一些宏觀對沖基金也加大了對數位資產的投資。值得注意的是，MP Alpha Capital旗下2,000萬美元的全球宏觀對沖基金今年以來漲幅超過30%。該公司合夥人達米安·米勒表示，在寬鬆貨幣政策、美元疲軟和流動性充裕的宏觀背景下，他們的投資策略圍繞數位資產的機構採用。

“We have performed well in digital assets: Bitcoin, Ethereum, and Bitcoin miners.”

“我們在數位資產方面表現良好：比特幣、以太坊和比特幣礦工。”

Several managers, however, cautioned that Bitcoin's recent surge should prompt investors to pause and take stock. Huang from NextGen Digitalventure expressed optimism about Bitcoin and cryptocurrencies in the long term, but noted that “no asset will rise in a straight line.”

然而，一些經理警告說，比特幣最近的飆升應該會促使投資者停下來盤點。 NextGen Digitalventure 的黃先生對比特幣和加密貨幣的長期前景表示樂觀，但指出「沒有資產會直線上漲」。