從投機投資到主流資產，WisdomTree處於領導地位的最前沿

一旦被考慮到投機性投資，加密貨幣就變得越來越成為主流。在歐洲，WisdomTree處於領導這一指控的最前沿。

Once considered speculative investments, cryptocurrencies are becoming increasingly mainstream. In Europe, WisdomTree is at the forefront of leading that charge. The global financial services firm offers a number of exchange-traded products (ETPs) that offer diversification and an incredibly easy way to buy and sell crypto assets.

一旦被考慮到投機性投資，加密貨幣就變得越來越成為主流。在歐洲，WisdomTree處於領導這一指控的最前沿。這家全球金融服務公司提供了許多交易所交易產品（ETP），可提供多元化和一種非常簡單的買賣加密資產的方法。

Here Dovile Silenskyte, WisdomTree’s Director of Digital Assets Research, discusses crypto’s evolution as an asset class, the most recent adoption trends and WisdomTree’s latest ETP based on the CoinDesk 20 index.

WisdomTree的數字資產研究總監Dovile Silenskyte Dovile Silenskyte討論了Crypto作為資產類別的進化，最新的採用趨勢以及WisdomTree基於Coindesk 20 Index的最新ETP。

How do you see crypto becoming more akin to a traditional asset class?

您如何看待加密貨幣類似於傳統資產類別？

As with every asset class, diversification is essential. Investors diversify across and within equity and bond positions, so it should be no different when considering allocating capital to cryptocurrencies. Relying solely on bitcoin is akin to holding only one stock in an equity portfolio, which is a suboptimal strategy in terms of risk-adjusted returns. A well-diversified approach across multiple digital assets can enhance exposure to the broader growth of the sector.

與每個資產類別一樣，多樣化至關重要。投資者在股票和債券職位上多樣化，因此在考慮將資本分配給加密貨幣時應該沒有什麼不同。僅依靠比特幣類似於在股票投資組合中僅持有一股股票，這是風險調整後的收益次數的次優策略。多個數字資產的一種多種方法可以增強對該行業的廣泛增長的影響。

As the digital asset class evolves, investors require a benchmark to measure performance, invest and trade. The CoinDesk 20 index serves as the benchmark index for the crypto industry and is the world’s most traded crypto index — it could be viewed as the S&P 500 of crypto. Taking a broad and diversified approach through the CoinDesk 20 provides a practical way to access opportunities across the digital asset market.

隨著數字資產類別的發展，投資者需要一個基準來衡量績效，投資和交易。 Coindesk 20指數是加密行業的基準指數，並且是世界上最交易的加密指數 - 可以將其視為Crypto的標準普爾500指數。通過Coindesk 20採用廣泛而多元化的方法，提供了一種實用的方式來訪問整個數字資產市場的機會。

For investors who lack access to deep crypto knowledge, broad-based crypto indices offer a streamlined way to gain market exposure without the complexities of token selection. Just as ETF investors use index-based funds to gain equity exposure without stock-picking, a diversified crypto index allows for systematic, passive participation in the growth of digital assets.

對於缺乏深入加密知識的投資者而言，基於廣泛的加密指數提供了一種簡化的方法來獲得市場敞口而沒有令牌選擇的複雜性。正如ETF投資者使用基於指數的資金來獲得股權敞口而無需進行股票的股權，多元化的加密指數允許系統性地被動地參與數字資產的增長。

What kind of adoption trends have you seen in the past? Are there geographical nuances you’ve observed?

您過去看到什麼樣的採用趨勢？您是否有觀察到的地理差異？

After more than 15 years of existence, multiple boom-and-bust cycles and over half a billion users, cryptocurrencies have cemented their place as a major asset class rather than a passing trend. Bitcoin and ether have become integral components of institutional portfolios.

經過15年以上的存在，多次繁榮和野蠻的周期和超過50億用戶，加密貨幣鞏固了它們作為主要資產類別的地位，而不是通過趨勢。比特幣和以太已成為機構投資組合的組成部分。

Despite cryptocurrencies' long-term growth potential, many investors are still unsure. With a total market cap of approximately $3 trillion, the ecosystem and use cases are growing steadily. The crypto market is now of a similar (or larger) size as staple institutional investments such as high-yield bonds, inflation-linked bonds and emerging markets small caps.

儘管加密貨幣的長期增長潛力，但許多投資者仍然不確定。總市值約為3萬億美元，生態系統和用例穩定增長。現在，加密市場的規模（或更大）與主食機構投資相似（或更大），例如高收益債券，通貨膨脹鏈接債券和新興市場的小帽子。

Crypto adoption is not monolithic — it varies across geographies based on regulatory landscapes, institutional infrastructure and economic needs. Europe is leading the way with investors being able to invest into bitcoin exchange-traded products for the last 5+ years and now having access to a broad range of single coin and crypto basket ETPs.

加密的採用不是整體的 - 它在基於監管景觀，機構基礎設施和經濟需求的地理上變化。在過去的5年中，投資者能夠投資於比特幣交易所交易產品，現在可以使用廣泛的單幣和加密貨籃ETP，這是歐洲領先的。

How is WisdomTree enabling this next phase of growth beyond bitcoin?

WisdomTree如何使比特幣以外的下一個增長階段？

WisdomTree has been providing access to crypto via ETPs since 2019. It has since grown its range to include ETPs providing exposure to five other individual coins and four diversified basket products, including its new ETP based on the CoinDesk 20 index. WisdomTree's crypto ETPs leverage institutional-grade storage solutions ensuring high levels of security, and some of them also generate a staking yield. By incorporating staking into a crypto ETP, investors can gain exposure to the growth of these networks while also partiticipating in their security and governance.

自2019年以來，WisdomTree一直在通過ETP提供加密貨幣的訪問。此後，它的範圍已增加，其中包括提供其他五個單獨的硬幣和四個多元化籃子產品的ETP，包括基於Coindesk 20 Index的新ETP。 WisdomTree的Crypto ETP利用機構級存儲解決方案確保了高水平的安全性，其中一些也產生了積累的產量。通過將Staging納入加密ETP，投資者可以接觸到這些網絡的增長，同時在其安全和治理方面分開。

Tell us more about the WisdomTree Physical CoinDesk 20 ETP that you just launched.

告訴我們更多有關您剛剛啟動的WisdomTree物理Coindesk 20 ETP的信息。

The strategy helps investors avoid the complexities of selecting individual assets, as it aims to provide secure and diversified exposure to approximately 90% of the crypto market by market cap, helping shape the next wave of innovation. The strategy also provides a highly diversified entry point into the crypto ecosystem, further democratizing access to a historically difficult part of the market to get exposure to. And finally, the strategy also aims to provide staking yield.

該策略可幫助投資者避免選擇單個資產的複雜性，因為它旨在通過市值通過市值提供大約90％的加密貨幣市場的安全和多樣化的風險，從而幫助塑造了下一波創新浪潮。該策略還為加密生態系統提供了一個高度多樣化的入口點，進一步使進入歷史上困難的市場的途徑進一步民主化，以獲取接觸。最後，該策略還旨在提供積分的產量。

Where can someone get additional information?

有人在哪裡可以獲得其他信息？

European investors can access more information about WisdomTree's physically-backed crypto ETP range here.

歐洲投資者可以在此處訪問有關WisdomTree物理支持的加密ETP系列的更多信息。

Disclosure: This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.

披露：該材料由WisdomTree及其分支機構編寫，不打算作為預測，研究或投資建議，而不是建議，要約或要求購買或出售任何證券或採用任何投資策略。表達的意見截至生產日期，隨後的條件可能會改變。本材料中包含的信息和觀點來自專有和非專有來源。因此，不提供準確性或可靠性的保證，也沒有任何其他方式出現錯誤和遺漏的責任（包括因疏忽而對任何人的責任），也不受智慧樹的接受，任何隸屬關係，或任何官員，僱員，僱員或代理商的接受。依靠本材料中的信息是由讀者自行決定的。過去的表現不是未來績效的可靠指標。

Authors' views

作者的觀點