市場動盪後比特幣穩定，主權財富基金加入機構合唱

在經歷了導致 3000 億美元損失的市場急劇下滑之後，比特幣已經趨於穩定。儘管存在波動，但由於新的交易所交易基金（ETF）吸引了機構投資者，該資產仍處於高位。值得注意的是，貝萊德高層透露了科威特和沙烏地阿拉伯等主權財富基金的興趣，這表明投資情緒可能轉向比特幣。

Bitcoin Stabilizes After Perfect Storm, Sovereign Wealth Funds Eye Entry

完美風暴後比特幣穩定，主權財富基金介入

Following a tumultuous week that saw over $300 billion evaporating from the combined bitcoin and crypto markets, the flagship digital currency has regained its composure, hovering around $60,000 per bitcoin. This resilience underscores the growing maturity and institutional adoption of bitcoin, a trend that has been ignited by the launch of several spot bitcoin exchange-traded funds (ETFs) on Wall Street.

在經歷了比特幣和加密貨幣市場蒸發超過 3000 億美元的動盪一周之後，旗艦數位貨幣已經恢復平靜，每比特幣價格徘徊在 60,000 美元左右。這種彈性凸顯了比特幣的日益成熟和機構採用，這一趨勢是由華爾街推出的多個現貨比特幣交易所交易基金（ETF）引發的。

In a further sign of institutional validation, BlackRock, the issuer of the IBIT spot bitcoin ETF, has revealed that sovereign wealth funds (SWFs) are expressing interest in bitcoin and may commence trading in the coming months. SWFs, managed by entities such as Kuwait and Saudi Arabia, represent a significant cohort of investors with vast financial resources.

IBIT 現貨比特幣 ETF 的發行人 BerRock 透露，主權財富基金 (SWF) 對比特幣表現出了興趣，並可能在未來幾個月內開始交易，這是機構驗證的進一步跡象。由科威特和沙烏地阿拉伯等實體管理的主權財富基金代表了大批擁有大量金融資源的投資者。

"Many of these interested firms—whether we're talking about pensions, endowments, sovereign wealth funds, insurers, other asset managers, family offices—are having ongoing diligence and research conversations, and we're playing a role from an education perspective," said Robert Mitchnick, BlackRock's head of bitcoin and crypto. He noted that the firm has witnessed "a re-initiation of the discussion around bitcoin."

「許多有興趣的公司——無論我們談論的是退休金、捐贈基金、主權財富基金、保險公司、其他資產管理公司、家族辦公室——都在進行持續的盡職調查和研究對話，而我們正在從教育的角度發揮作用，」貝萊德比特幣和加密貨幣業務主管羅伯特·米奇尼克（Robert Mitchnick）說。他指出，該公司見證了「圍繞比特幣的討論重新啟動」。

The potential entry of SWFs into the bitcoin market would signal a major shift in the investment landscape, further legitimizing the digital asset class. Norway's $1.6 trillion fund, Saudi Arabia's $1 trillion Public Investment Fund (PIF), and Kuwait's Investment Authority (KIA) are among the world's largest and most influential SWFs.

主權財富基金可能進入比特幣市場，這將標誌著投資格局的重大轉變，進一步使數位資產類別合法化。挪威1.6兆美元的基金、沙烏地阿拉伯1兆美元的公共投資基金（PIF）和科威特投資局（KIA）都是世界上最大、最有影響力的主權財富基金。

Last month, speculation emerged that Qatar was exploring bitcoin purchases, fueling rumors that the country's sovereign wealth fund was considering investing $500 billion in the cryptocurrency. While these rumors remain unverified, they underscore the growing institutional interest in bitcoin.

上個月，有傳言稱卡達正在探索購買比特幣，這引發了該國主權財富基金正在考慮投資 5,000 億美元購買加密貨幣的傳言。雖然這些謠言尚未得到證實，但它們強調了機構對比特幣日益增長的興趣。

The long-awaited arrival of spot bitcoin ETFs on Wall Street has opened up the asset class to a new cohort of investors, many of whom previously dismissed bitcoin as an unproven store of value. The largest of these funds, BlackRock's IBIT, has amassed $17 billion in assets under management in just three months since its debut.

華爾街期待已久的現貨比特幣 ETF 的到來，為新的投資者群體開放了該資產類別，其中許多人此前認為比特幣是一種未經證實的價值儲存手段。其中規模最大的基金是貝萊德 (BlackRock) 的 IBIT，自推出以來僅三個月內就累積了 170 億美元的管理資產。

Reports indicate that Morgan Stanley is poised to authorize its 15,000 brokers to recommend spot bitcoin ETFs to their clients. This move would further broaden the distribution channels for bitcoin, making it more accessible to retail investors.

有報導稱，摩根士丹利準備授權其 15,000 家經紀商向其客戶推薦現貨比特幣 ETF。此舉將進一步擴大比特幣的分銷管道，讓散戶投資者更容易獲得比特幣。

While the recent market volatility has tested the resilience of bitcoin, the asset has emerged from the storm with renewed vigor. The influx of institutional investment and the potential entry of SWFs suggest that bitcoin is maturing into a mainstream financial instrument, capable of weathering market fluctuations and attracting long-term investors.

雖然最近的市場波動考驗了比特幣的彈性，但該資產已從風暴中恢復活力。機構投資的湧入和主權財富基金的潛在進入表明，比特幣正在成熟為一種主流金融工具，能夠抵禦市場波動並吸引長期投資者。