在需求飆升的情況下，全球銀行激烈競爭整合比特幣 ETF

據報道，全球銀行，特別是摩根士丹利和瑞銀，援引內部備忘錄和行業討論，正在爭奪成為第一家提供比特幣 ETF 的銀行。然而，彭博 ETF 專家 Eric Balchunas 駁斥了這些謠言，稱尚未發布任何官方公告，銀行目前正處於「合規博弈」。

Global Banks Engage in Fierce Race to Integrate Bitcoin ETFs Amidst Surging Demand

在需求激增的情況下，全球銀行競相整合比特幣 ETF

New York, NY - April 7, 2023 - Information from confidential sources indicates that a frenzied competition is underway among global banking institutions to incorporate Bitcoin exchange-traded funds (ETFs) into their product offerings. Morgan Stanley and Union Bank of Switzerland (UBS) are reportedly leading the charge in this pursuit.

紐約州紐約 - 2023 年 4 月 7 日 - 來自機密來源的資訊表明，全球銀行機構之間正在展開激烈的競爭，將比特幣交易所交易基金 (ETF) 納入其產品中。據報道，摩根士丹利和瑞士聯合銀行（UBS）在這方面處於領先地位。

The meteoric rise of Bitcoin ETFs in recent months has served as an undeniable catalyst for this institutional interest. These investment vehicles have attracted billions of dollars in assets under management within their first three months of trading, surpassing the market share of even established silver ETFs.

近幾個月來，比特幣 ETF 的迅速崛起成為了這種機構興趣不可否認的催化劑。這些投資工具在交易的前三個月內就吸引了數十億美元的管理資產，甚至超過了成熟的白銀 ETF 的市場份額。

Morgan Stanley and Rivals in a Heated Race

摩根士丹利與競爭對手展開激烈競爭

As the Bitcoin ETF market continues to expand at a remarkable pace, investment banks are eager to stake their claim in this lucrative domain. Rumors suggest that Morgan Stanley is spearheading this effort, engaging in a fierce competition with its rivals to become the first to offer these highly sought-after products.

隨著比特幣 ETF 市場繼續以驚人的速度擴張，投資銀行渴望在這個利潤豐厚的領域中佔有一席之地。有傳言稱，摩根士丹利正在帶頭開展這項工作，與競爭對手進行激烈的競爭，以成為第一家提供這些備受追捧的產品的公司。

According to internal notes obtained by industry insiders, Morgan Stanley may announce its entry into the Bitcoin ETF market "a few days before" its official launch. This development is indicative of the heightened anticipation surrounding this impending move.

根據業內人士獲得的內部筆記，摩根士丹利可能會在比特幣 ETF 正式推出的「幾天前」宣布進入比特幣 ETF 市場。這一事態發展顯示人們對這項即將發生的舉措的期待更高。

Bloomberg ETF Expert Weighs In

彭博 ETF 專家發表評論

Eric Balchunas, a renowned ETF expert at Bloomberg, has provided a more cautious assessment of the situation. While acknowledging the ongoing discussions within global banks regarding Bitcoin ETFs, he has cast doubt on the specific timeline outlined by other sources.

彭博社著名 ETF 專家 Eric Balchunas 對情況做出了更謹慎的評估。雖然他承認全球銀行內部正在就比特幣 ETF 進行討論，但他對其他消息來源概述的具體時間表表示懷疑。

Balchunas suggests that banks may be engaged in a "compliance game of chicken," each waiting for the other to make the first move before committing to such a significant investment. He believes that if and when banks do enter the Bitcoin ETF space, it is likely to happen simultaneously.

巴爾丘納斯認為，銀行可能會參與一場“合規博弈”，雙方都在等待對方先採取行動，然後才做出如此重大的投資。他認為，如果銀行確實進入比特幣 ETF 領域，很可能會同時發生。

UBS Approves Bitcoin ETFs for Private Wealth Management

瑞銀批准比特幣 ETF 用於私人財富管理

Amidst the ongoing speculation, it has emerged that UBS has reportedly approved Bitcoin ETFs for accounts within its Private Wealth Management (PWM) division that exceed $10 million in value. However, this approval is contingent upon certain conditions and has been categorized as "unsolicited."

在持續不斷的猜測中，有消息稱瑞銀已批准為其私人財富管理 (PWM) 部門內價值超過 1000 萬美元的帳戶提供比特幣 ETF。然而，這項批准取決於某些條件，並被歸類為「主動批准」。

Vanguard Remains Unmoved Amid Hype

先鋒集團在炒作中保持不為所動

In contrast to the enthusiastic pursuit of Bitcoin ETFs by other global banks, asset fund manager Vanguard has maintained a neutral stance on this investment vehicle. The company has announced that it has no current plans to offer Bitcoin ETFs.

與其他全球銀行對比特幣 ETF 的熱情追捧相反，資產基金管理公司先鋒集團 (Vanguard) 對此投資工具保持中立立場。該公司宣布目前沒有提供比特幣 ETF 的計劃。

Significance of Bitcoin ETFs

比特幣 ETF 的意義

The potential integration of Bitcoin ETFs by global banks is a significant development with the potential to further accelerate the adoption of cryptocurrencies. The approval of Bitcoin ETFs by the Securities and Exchange Commission (SEC) in January marked a major milestone in legitimizing this asset class.

全球銀行對比特幣 ETF 的潛在整合是一項重大進展，有可能進一步加速加密貨幣的採用。美國證券交易委員會 (SEC) 一月份批准比特幣 ETF，標誌著該資產類別合法化的一個重要里程碑。

The fact that prominent financial institutions are now seeking to offer Bitcoin ETFs is a testament to the growing recognition of the cryptocurrency's investment potential. This move could broaden the accessibility of Bitcoin to a wider range of investors, including those who may have previously been hesitant to invest in the volatile digital asset.

知名金融機構現在正在尋求提供比特幣 ETF，這一事實證明了人們越來越認識到加密貨幣的投資潛力。此舉可能會擴大比特幣對更廣泛投資者的可及性，包括那些先前可能對投資這種不穩定的數位資產猶豫不決的投資者。

Market Dynamics and Future Prospects

市場動態及未來展望

At the time of press, Bitcoin ETFs accounted for approximately 4.25% of the total circulating supply of BTC. This allocation is expected to grow as more institutions embrace these investment vehicles.

截至發稿時，比特幣 ETF 約佔 BTC 總流通供應量的 4.25%。隨著越來越多的機構採用這些投資工具，這種分配預計將會增加。

The entry of global banks into the Bitcoin ETF market has the potential to enhance the liquidity, transparency, and accessibility of this asset class. It could also contribute to a further increase in the price of Bitcoin, as well as facilitate wider institutional adoption.

全球銀行進入比特幣 ETF 市場有可能提高該資產類別的流動性、透明度和可近性。它還可能有助於比特幣價格的進一步上漲，並促進更廣泛的機構採用。

As the competition among banks to offer Bitcoin ETFs intensifies, it remains to be seen which institutions will emerge as the leaders in this burgeoning market. However, it is clear that the race for dominance in the Bitcoin ETF space is well underway, and the outcome will have profound implications for both the cryptocurrency industry and the financial landscape as a whole.

隨著銀行之間提供比特幣 ETF 的競爭加劇，哪些機構將成為這個新興市場的領導者還有待觀察。然而，很明顯，比特幣 ETF 領域的主導地位爭奪戰正在順利進行，其結果將對加密貨幣行業和整個金融格局產生深遠影響。