2025 年會是加密貨幣年嗎？ BRRR ETF 可能引領潮流

隨著新政府準備透過放鬆管制來支持加密產業，選擇合適的加密 ETF 可能是一項重要任務。

As we head into 2025, the question on many investors' minds is whether crypto will continue to shine. 2024 was a banner year for crypto, with prices surging and new all-time highs being set. But with a new administration set to support the crypto industry with potential deregulation, could 2025 be an even better year for crypto?

進入 2025 年，許多投資者心中的問題是加密貨幣是否會繼續閃耀。 2024 年對於加密貨幣來說是標誌性的一年，價格飆升並創下歷史新高。但隨著新政府準備透過放鬆管制來支持加密產業，2025 年對加密產業來說會是更好的一年嗎？

It's certainly possible. After lagging behind other asset classes for much of 2024, crypto prices finally started to pick up steam in the second half of the year. This was largely due to the Federal Reserve's decision to begin cutting interest rates, which had a positive impact on tech and other growth-oriented assets.

這當然是可能的。在 2024 年大部分時間落後於其他資產類別之後，加密貨幣價格終於在今年下半年開始回升。這主要是由於聯準會決定開始降息，這對科技和其他成長型資產產生了積極影響。

As a result, Bitcoin prices more than doubled in 2024, while other cryptocurrencies also posted impressive gains. This led to a surge in interest from both retail and institutional investors, which in turn helped to drive up prices even further.

結果，比特幣價格在 2024 年上漲了一倍多，而其他加密貨幣也出現了令人印象深刻的漲幅。這導致散戶和機構投資者的興趣激增，進而進一步推高價格。

Now, as we head into 2025, the stage is set for another strong year for crypto. With the Fed's rate cuts continuing to have a positive impact on the market and crypto prices still lagging behind other asset classes, there's plenty of room for further growth in 2025.

現在，隨著我們進入 2025 年，加密貨幣將迎來強勁的一年。由於聯準會降息持續對市場產生正面影響，且加密貨幣價格仍落後於其他資產類別，2025 年仍有很大的進一步成長空間。

Of course, there are no guarantees in the market, and crypto prices could always go down in 2025. But if you're looking for an exciting and potentially lucrative investment, then crypto could be worth considering in 2025.

當然，市場上沒有任何保證，加密貨幣價格在 2025 年總是會下跌。

One way to gain exposure to crypto is through an ETF, such as the Coinshares Valkyrie Bitcoin Fund (BRRR). This fund tracks the price performance of spot Bitcoin and has a 25 bps fee.

獲得加密貨幣投資的一種方法是透過 ETF，例如 Coinshares Valkyrie 比特幣基金 (BRRR)。該基金追蹤現貨比特幣的價格表現，並收取 25 個基點的費用。

The fund launched this year as part of the spot Bitcoin approvals that kickstarted the overall crypto investing space. In tracking the spot price of Bitcoin, BRRR owns the currency in a cold storage wallet. This safeguards the Bitcoins in an offline manner, increasing resistance to hacking.

該基金今年推出，作為比特幣現貨批准的一部分，啟動了整個加密貨幣投資領域。在追蹤比特幣現貨價格時，BRRR 將比特幣存放在冷錢包中。這以離線方式保護比特幣，增加了對駭客攻擊的抵抗力。

Together, that has helped the strategy return 45.8% over the last three months per ETF Database data. This beat both the fund's ETF Database Category and Factset Segment averages in that time. Meanwhile, the fund has also gathered more than $850 million in AUM since launching, sitting at $866 million as of December 30th.

根據 ETF 資料庫數據，這使得該策略在過去三個月的回報率為 45.8%。這超過了該基金當時的 ETF 資料庫類別和 Factset 細分市場的平均值。同時，自推出以來，該基金的資產管理規模也已超過 8.5 億美元，截至 12 月 30 日為 8.66 億美元。

So why look to BRRR as the Bitcoin ETF to lead the way into 2025? Well, BRRR leans on the experience of its managers at CoinShares, who offer significant expertise in the Bitcoin space. What's more, BRRR's passive ETF approach makes it a straightforward way to get exposure to Bitcoin itself.

那麼為什麼要指望 BRRR 作為比特幣 ETF 引領 2025 年的發展呢？ BRRR 借鑒了 CoinShares 經理的經驗，他們在比特幣領域提供了重要的專業知識。此外，BRRR 的被動 ETF 方法使其成為接觸比特幣本身的直接方式。

In the new year, Bitcoin could see its price rise with the lagging impact of rate cuts that ended in 2024. Given that tech continues to rise in tandem with crypto, a strong year for crypto could be in the cards. For those interested in the space, BRRR could appeal.

在新的一年裡，隨著 2024 年結束的降息的滯後影響，比特幣的價格可能會上漲。對於對該領域感興趣的人來說，BRRR 可能會有吸引力。