聯準會高級官員突然對比特幣態度轉變，比特幣 ETF 選擇權“比你想像的要早”

比特幣今年爆發式走高，貝萊德現貨比特幣交易所交易基金（ETF）的首次亮相以及首席執行官拉里·芬克（Larry Fink）對比特幣的擁抱提振了比特幣價格。

Bitcoin price has exploded higher this year, driven by the debut of BlackRock’s spot bitcoin exchange-traded fund (ETF) and chief executive Larry Fink’s embrace of bitcoin. Now, as a top Federal Reserve official flips on bitcoin, the stage is set for a huge U.S. spot bitcoin ETF earthquake.

在貝萊德現貨比特幣交易所交易基金（ETF）的首次亮相和首席執行官拉里·芬克（Larry Fink）對比特幣的擁抱推動下，今年比特幣價格大幅上漲。現在，隨著聯準會高級官員對比特幣的態度轉變，美國現貨比特幣 ETF 的巨大地震已經準備就緒。

Bitcoin spot ETFs, which have surged to become some of the fastest-growing ETFs of all-time following their January debut—led by BlackRock’s $42 billion bitcoin fund—could be about to be approved for options trading after the Commodity Futures Trading Commission (CFTC) issued an advisory notice.

比特幣現貨ETF 在1 月首次亮相後，由貝萊德420 億美元的比特幣基金領銜，已飆升成為有史以來增長最快的ETF 之一，在商品期貨交易委員會(CFTC) 批准之後，比特幣現貨ETF 可能即將獲得選擇權交易批准。

"In light of relevant precedents in the courts, it is substantially likely these spot commodity ETF shares would be held to be securities," a CFTC spokesperson wrote. "Therefore, [the Division of Clearing and Risk's] DCR position is the listing of these shares on [Security and Exchange Commission] SEC-registered national securities exchanges does not implicate the CFTC’s jurisdiction, and hence, the clearing of these options by OCC would be undertaken in its capacity as a registered clearing agency subject to SEC oversight."

CFTC 發言人寫道：“根據法院的相關先例，這些現貨商品 ETF 份額很可能被視為證券。” 「因此，[清算和風險部門] DCR 的立場是這些股票在 [證券交易委員會] SEC 註冊的國家證券交易所上市並不意味著 CFTC 的管轄權，因此，OCC 對這些期權的清算將以受SEC監督的註冊清算機構的身份進行。

Bitcoin spot ETF options were given the green light by the U.S. SEC in September, with the CFTC notice the "second hurdle they needed to clear," according to Bloomberg Intelligence analyst Eric Balchunas.

彭博資訊分析師 Eric Balchunas 表示，比特幣現貨 ETF 選擇權於 9 月獲得美國 SEC 的批准，CFTC 通知「他們需要清除的第二個障礙」。

Options trading for the fleet of a dozen U.S. spot bitcoin ETFs is expected to "attract more liquidity which will in turn attract more big fish" to the market as institutions and market regulators warm up to the technology.

隨著機構和市場監管機構對這項技術的熱衷，由十幾個美國現貨比特幣 ETF 組成的選擇權交易預計將「吸引更多的流動性，進而吸引更多的大魚」進入市場。

"The CFTC just dropped a notice clearing the way for spot bitcoin ETF options to be listed," Balchunas posted to X, adding he'd expect the options to list "very soon."

Balchunas 在 X 上發文表示：「CFTC 剛剛發布了一份通知，為現貨比特幣 ETF 選擇權的上市掃清了道路。」他補充說，他預計這些選擇權「很快」就會上市。

"Bitcoin ETF options are sooner than you think," Jeff Park, head of alpha strategies at Bitwise, posted to X, calling the listing of options trading "the most significant market structure change for bitcoin since the ETF launch."

Bitwise 阿爾法策略主管 Jeff Park 在 X 上發文表示：「比特幣 ETF 選擇權的出現比你想像的要早。」他稱選擇權交易的上市是「自 ETF 推出以來比特幣最重大的市場結構變化」。

BlackRock’s bitcoin fund has grown by $13 billion since Donald Trump's U.S. election victory, with BlackRock’s fund said to have soaked up 85% of the record $1.3 billion of inflows that hit the combined U.S. spot bitcoin ETFs on the Thursday after the election, according to Kaiko Research.

據Kaiko 稱，自唐納德·特朗普贏得美國大選以來，貝萊德的比特幣基金已增長了130 億美元，據說貝萊德的基金吸收了大選後週四美國現貨比特幣ETF 流入創紀錄的13 億美元資金中的85%。

Cathie Wood, a so-called innovation and disruption investor who runs the Ark Invest fund, has reiterated her $1.5 million bitcoin price prediction—which she expects will make bitcoin a $30 trillion asset by 2030.

Cathie Wood 是一位所謂的創新和顛覆投資者，負責管理 Ark Invest 基金，她重申了她對比特幣價格 150 萬美元的預測，她預計到 2030 年，比特幣將成為 30 兆美元的資產。

"We have a 2030 target in our base case, it’s around $650,000, in our bull case, it’s between $1 million and $1.5 million," Wood told CNBC, adding "regulatory relief" in the wake of Donald Trump's presidential victory and increased interest from Wall Street will fuel a bitcoin price boom.

伍德對CNBC 表示：「我們的基本預期目標是2030 年，目標約為65 萬美元，牛市預期目標為100 萬至150 萬美元。」在唐納德·川普當選總統以及投資者興趣增加後，伍德補充道「監管寬鬆」。

"It is a new asset class and what that means is institutions, and asset allocators are saying 'this asset is behaving differently from all our other assets and we need to include it,'" Wood said.

「這是一種新的資產類別，這意味著機構和資產配置者說『這種資產的表現與我們所有其他資產不同，我們需要將其納入其中，』」伍德說。