共插曲字節

您每週的加密新聞摘要

Bitcoin price dropped as low as $93,000 on Tuesday morning before recovering. Meanwhile, several new crypto ETFs received applications with the SEC this week.

比特幣的價格在周二早上恢復後的價格低至93,000美元。同時，本周有幾個新的加密ETF在SEC收到了申請。

Here’s what else happened in crypto markets this week…

這是本週加密貨幣市場發生的事情……

Major funds with $100M+ just reported sizable BTC buys. From Goldman Sachs to the Bank of Montreal — here are the institutions adding bitcoin.

1億美元+的主要資金剛剛報告了BTC大量購買。從高盛（Goldman Sachs）到蒙特利爾銀行（Bank of Montreal） - 這是添加比特幣的機構。

A multibillion-dollar credit fund is set to get tokenized. Plus, more key numbers from around the cryptoverse.

數十億美元的信貸基金將被標記化。另外，來自密碼周圍的更多關鍵數字。

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您每週的加密新聞摘要

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了解如何通過訪問我們的隱私政策來收集您的信息

MARKET MOVES

市場移動

Bitcoin price stumbles as traders eye inflation data

隨著交易者的眼通貨膨脹數據，比特幣價格偶然

After hitting a new all-time high of $94,640 on Monday, bitcoin price dropped as low as $93,000 on Tuesday morning before recovering.

在周一達到新的94,640美元的新歷史高點之後，比特幣的價格在周二早上恢復後降至93,000美元。

Meanwhile, several new crypto ETFs received applications with the SEC this week. Nasdaq filed on behalf of CoinShares to create ETFs for Litecoin and XRP.

同時，本周有幾個新的加密ETF在SEC收到了申請。納斯達克代表Coinshares提交，為Litecoin和XRP創建ETF。

Here are three more market stories you should know about…

這是您應該知道的另外三個市場故事……

Goldman, pension funds lead Q4 institutional crypto buying

高盛，養老基金領導Q4機構加密貨幣購買

In a reversal of recent trends, Ether exchange-traded funds (ETFs) have seen $393 million of inflows over the last month while bitcoin ETFs have seen outflows totalling $376 million.

在逆轉最近的趨勢中，以太交易所貿易資金（ETF）在上個月的流入率為3.93億美元，而比特幣ETF的流出總計3.76億美元。

Despite traders’ new fondness for ETH investment products, ETH prices remain far below the all-time high of nearly $4,900 set in 2021, although they have rebounded roughly 30% from earlier this month.

儘管交易者對ETH Investment產品的新喜愛，但ETH價格仍遠低於2021年的歷史最高售價近4,900美元，儘管它們比本月初反彈了約30％。

But could ETH regain traction? A new network upgrade, called Pectra, is set to roll out in April, and it could help the original smart-contract compatible blockchain better compete against newer rivals like Solana. 

但是ETH可以恢復牽引力嗎？一個名為Pectra的新網絡升級將於4月推出，它可以幫助原始的智能合同兼容區塊鏈更好地與Solana等新競爭對手競爭。

According to the Block, derivatives markets are showing that many pro traders expect ETH prices to bounce due to both Pectra and signs that “investor attention is shifting away from Solana’s memecoin-dominated ecosystem.” 

根據該街區的數據，衍生品市場表明，許多職業交易者預計ETH價格會因Pectra而反彈，並且跡象表明“投資者的關注正在脫離Solana的Memecoin主導的生態系統”。

Fresh crypto ETF filings: Litecoin, XRP get applications

新鮮加密ETF文件：Litecoin，XRP獲取申請

Back in 2022, Hong Kong outlined its ambitions to become a major center for the crypto industry, even as mainland China banned almost all crypto trading. In the years since, Hong Kong regulators have issued licenses for crypto-trading platforms and even launched spot crypto ETFs.

早在2022年，香港就概述了其成為加密行業主要中心的野心，即使中國幾乎禁止所有加密貨幣交易。從那以後的幾年中，香港監管機構已獲得加密貨運平台的許可，甚至推出了現場加密ETF。

This week, Hong Kong’s Securities and Futures Commission announced a major expansion of permitted crypto activities. According to Reuters, Hong Kong is set to “establish new licensing regimes for over-the-counter trading in virtual assets and for custody services” and is “advancing on the regulation of stablecoins.” 

本週，香港的證券和期貨委員會宣布了允許的加密活動的重大擴展。據路透社報導，香港將“建立針對虛擬資產和監護權服務的非處方交易的新許可製度”，並“促進了對穩定的法規”。

Stable stakes… On Monday, a consortium including Standard Chartered and Animoca Brands announced that it would seek a license from the Hong Kong Monetary Authority to create a Hong Kong dollar-backed stablecoin.

穩定的賭注…週一，包括標準包機和Animoca品牌在內的一個財團宣布，它將尋求香港貨幣管理局的許可，以創建香港貨幣支持的Stablecoin。

BIG MONEY

大錢

Institutions buying bitcoin now, and what they’re telling us

機構現在購買比特幣，以及他們告訴我們什麼

Slowly but surely, bitcoin is becoming an institutional investment darling. And it’s not just because of Strategy (formerly MicroStrategy).

慢慢但可以肯定的是，比特幣正成為機構投資的寵兒。這不僅是因為策略（以前是微型策略）。

Last week, some of the biggest asset managers in the world provided disclosures about their stock investments from the fourth quarter of 2024. And bitcoin ETFs were a major favorite, with billions of dollars allocated by buyers including Goldman Sachs, Wisconsin’s pension fund, the Bank of Montreal, and one of Abu Dhabi’s sovereign wealth funds.

上週，世界上一些最大的資產經理提供了有關其股票投資的披露，該股票投資於2024年第四季度。和比特幣ETF是主要的最愛，由購買者分配了數十億美元，包括威斯康星州的養老金基金，銀行，包括高盛（Goldman Sachs）蒙特利爾，也是阿布扎比的主權財富基金之一。

“Institutional investors tripled their holdings of spot bitcoin ETFs in Q4 2024, reaching $38.7 billion, SEC filings show,” reports CoinDesk.

Coindesk報導：“機構投資者在第二季度的2024年第四季度將其持有的現貨比特幣ETF持有，達到387億美元，SEC備案顯示。”

What were the biggest revelations? Let’s dive in. 

什麼是最大的啟示？讓我們潛水。

First off, how do we know what these funds hold?

首先，我們怎麼知道這些資金是什麼？

Each quarter, fund managers who oversee more than $100 million in public equities are required to disclose their holdings to the U.S. Securities and Exchange Commission. The most recent “13F” filings reflect portfolio changes made during the fourth quarter of last year, through Dec. 31.

每個季度，要求超過1億美元的公共股票的基金經理都必須向美國證券交易委員會披露其股份。最新的“ 13F”文件反映了去年第四季度（直到12月31日）進行的投資組合變化。

These filings give investors valuable insight into how the largest portfolios are playing the market. Since the launch of spot bitcoin ETFs last year, the quarterly filings have also become a proxy for institutional adoption of digital assets. 

這些文件為投資者提供了關於最大投資組合如何投放市場的寶貴見解。自去年推出現貨比特幣ETF以來，季度文件也已成為機構採用數字資產的代理。

To date, more than 1,000 funds that are required to file 13Fs have purchased spot bitcoin ETFs, and their cumulative holdings top $38.7 billion, up from $12.4 billion at the end of Q3 2024.

迄今為止，提交13FS所需的1,000多個資金已經購買了現貨比特幣ETF，其累計持有量最高387億美元，高於第三季度2024年底的124億美元。

One of Abu Dhabi’s sovereign wealth funds made a big splash

阿布扎比的一項主權財富基金使很大

Mubadala Investment Company, one of Abu Dhabi’s state-owned investment funds, disclosed purchasing $436.9 million worth of bitcoin ETF shares last quarter, making it the seventh-largest holder of BlackRock’s leading bitcoin ETF.

阿布扎比國有投資基金之一的穆巴達拉投資公司（Mubadala Investment Company）上個季度披露了價值4.369億美元的比特幣ETF股票，使其成為貝萊德領先的比特幣ETF的第七大持有人。

“The accumulation by sovereign wealth funds, pension funds, and other major institutional investors is just getting

“主權財富基金，養老基金和其他主要的機構投資者的積累