高盛報告機構對加密貨幣重新產生興趣

高盛亞太部門觀察到客戶，尤其是機構客戶對加密資產的興趣重新抬頭。比特幣交易所交易基金（ETF）的批准推動了這種新的熱情，導致人們更多地參與和考慮進入加密行業。

Goldman Sachs: Renewed Crypto Interest Among Institutional Clients

高盛：機構客戶重新燃起了對加密貨幣的興趣

Is Crypto Back on the Menu for Institutional Investors?

加密貨幣會重新出現在機構投資者的菜單上嗎？

Goldman Sachs' Asia Pacific division has detected a resurgence of interest in crypto assets, particularly among institutional clients. This renewed enthusiasm is attributed, in part, to the approval of Bitcoin exchange-traded funds (ETFs).

高盛亞太部門發現人們對加密資產的興趣重新抬頭，尤其是機構客戶。這種新的熱情部分歸因於比特幣交易所交易基金（ETF）的批准。

Max Minton Shares Insights

Max Minton 分享見解

Max Minton, Head of Assets for Goldman Asia Pacific, revealed that many of the firm's clients have either entered the crypto space or are contemplating doing so. The approval of 10 Bitcoin ETFs in the United States in January ignited renewed interest among their clientele.

高盛亞太區資產主管 Max Minton 透露，該公司的許多客戶要么已經進入加密貨幣領域，要么正在考慮這樣做。一月份美國批准了 10 隻比特幣 ETF，重新點燃了客戶的興趣。

Crypto Derivatives: A Gateway for Institutional Exposure

加密貨幣衍生性商品：機構風險敞口的門戶

While Goldman Sachs does not currently offer its own crypto products, its clients have been engaging with the bank through options and futures offerings related to cryptocurrencies. Hedge funds have shown particular interest in this area. As of the end of 2023, Goldman Sachs reported a record-breaking $2.8 trillion in assets under management.

雖然高盛目前不提供自己的加密產品，但其客戶一直透過與加密貨幣相關的選擇權和期貨產品與該銀行合作。對沖基金對這一領域表現出特別的興趣。截至 2023 年底，高盛管理的資產達到創紀錄的 2.8 兆美元。

Leveraging Crypto Volatility

利用加密貨幣的波動性

Minton emphasized that clients are utilizing derivatives to capitalize on crypto volatility and make informed predictions about price movements. Despite establishing a trading desk in 2021, Goldman Sachs' services are currently limited to derivatives, including Bitcoin and Ether options and futures.

明頓強調，顧客正在利用衍生性商品來利用加密貨幣的波動性，並對價格走勢做出明智的預測。儘管高盛於 2021 年設立了交易櫃檯，但目前的服務僅限於衍生性商品，包括比特幣和以太坊選擇權和期貨。

Renewed Crypto Optimism

加密貨幣樂觀情緒重燃

Despite a dip in crypto enthusiasm during the past year, Minton observed a notable uptick in new participants, market activity, and trade volume since the beginning of 2023. This trend suggests growing confidence in the potential of cryptocurrencies among institutional investors.

儘管過去一年加密貨幣熱情有所下降，但 Minton 觀察到自 2023 年初以來新參與者、市場活動和交易量顯著增加。這一趨勢表明機構投資者對加密貨幣潛力的信心不斷增強。

No Immediate Crypto Products from Goldman Sachs

高盛沒有立即推出加密貨幣產品

Goldman Sachs does not currently offer any direct cryptocurrency products to its clients, despite launching its first cryptocurrency trading desk in 2021. The trading desk currently provides exposure to cryptocurrency derivatives only, such as Bitcoin and Ethereum.

儘管高盛於 2021 年推出了第一個加密貨幣交易櫃檯，但目前並未向客戶提供任何直接的加密貨幣產品。該交易櫃檯目前僅提供加密貨幣衍生品的投資，例如比特幣和以太坊。

Mathew McDermott: Client Interest on the Rise

Mathew McDermott：客戶興趣不斷上升

According to Mathew McDermott, Head of Digital Assets at Goldman Sachs, client interest in onboarding, pipeline, and volume has surged since the start of the year. McDermott noted that clients primarily use derivatives to gain exposure to cryptocurrency volatility and forecast future price movements.

高盛數位資產主管馬修麥克德莫特 (Mathew McDermott) 表示，自今年年初以來，客戶對入職、通路和交易量的興趣激增。麥克德莫特指出，客戶主要使用衍生性商品來獲得加密貨幣波動的風險並預測未來的價格走勢。

Bitcoin Dominance Among Clients

比特幣在客戶中佔據主導地位

Active clients have shown a preference for Bitcoin-related products as the most popular investment vehicle, McDermott added. He also mentioned the possibility of an Ether ETF approval in the US, which could potentially shift institutional clients towards Ether.

麥克德莫特補充說，活躍客戶表現出對比特幣相關產品的偏好，將其作為最受歡迎的投資工具。他還提到了以太坊 ETF 在美國獲得批准的可能性，這可能會使機構客戶轉向以太坊。

Approval Chances for Ether ETF Remain Uncertain

以太坊 ETF 獲得批准的機會仍不確定

However, Bloomberg ETF analysts estimate the probability of an Ether ETF approval by May at only 35%. The prolonged lack of response from the Securities and Exchange Commission towards potential fund issuers is viewed as a negative indicator.

然而，彭博 ETF 分析師估計 5 月以太坊 ETF 獲得批准的可能性僅為 35%。美國證券交易委員會長期缺乏對潛在基金發行人的回應被視為負面指標。

Expanding Client Base for Crypto Assets

擴大加密資產的客戶群

Regardless of the approval of an Ether ETF, Goldman Sachs plans to broaden its client base to include banks, asset management funds, and more specialized firms dealing with crypto assets in the future.

無論以太坊 ETF 是否獲得批准，高盛都計劃擴大其客戶群，以包括銀行、資產管理基金以及未來處理加密資產的更專業的公司。

Conclusion: Crypto Gains Traction at Goldman Sachs

結論：加密貨幣在高盛受到關注

Goldman Sachs has witnessed a resurgence of interest in cryptocurrency among its institutional clients this year. Many clients are utilizing derivatives to capitalize on crypto's volatility. While Goldman Sachs does not currently offer its own crypto products, its trading desk provides exposure to cryptocurrency derivatives. The firm plans to expand its client base in the crypto space in the future.

高盛今年見證了其機構客戶對加密貨幣的興趣重新抬頭。許多客戶正在利用衍生性商品來利用加密貨幣的波動性。雖然高盛目前不提供自己的加密產品，但其交易部門提供加密貨幣衍生性商品的曝險。該公司計劃未來擴大在加密貨幣領域的客戶群。