對沖基金透過比特幣交易所交易基金（ETF）持續實現投資組合多元化

最近向 13F 證券交易委員會 (SEC) 提交的第三季末文件顯示，Millennium Management、Capula 等對沖基金

Institutional investors seeking exposure to bitcoin are increasingly turning to exchange-traded funds (ETFs). This preference was evident in the recent 13F Securities Exchange Commission (SEC) filings for the end of Q3, which revealed that several hedge funds boosted their holdings in U.S. spot bitcoin ETFs.

尋求投資比特幣的機構投資者越來越多地轉向交易所交易基金（ETF）。這種偏好在最近 13F 證券交易委員會 (SEC) 第三季末提交的文件中表現得很明顯，其中顯示多家對沖基金增加了美國現貨比特幣 ETF 的持股。

Millennium Management, Capula Management, and Tudor Investment all showed significant increases in their bitcoin exposure through ETF holdings.

Millennium Management、Capula Management 和 Tudor Investment 都透過持有 ETF 大幅增加了比特幣曝險。

The 13F filing is a mandatory quarterly report for institutional investment managers that handle assets worth more than $100 million. These filings provide valuable insights into the investment strategies and preferences of hedge funds and other institutions.

13F 備案是針對管理價值超過 1 億美元資產的機構投資經理的強制性季度報告。這些文件為對沖基金和其他機構的投資策略和偏好提供了寶貴的見解。

According to the filings, Millennium Management's holdings in Ishares Bitcoin Trust (IBIT) more than doubled from the previous quarter, reaching 23.5 million shares, which were valued at $849 million at the end of September.

文件顯示，Millennium Management 持有的 Ishares Bitcoin Trust (IBIT) 股份比上一季增加了一倍多，達到 2,350 萬股，截至 9 月底估值為 8.49 億美元。

The hedge fund also increased its holdings in Bitwise bitcoin and Ark 21shares bitcoin funds, bringing its total ETF holdings, including spot bitcoin and ethereum funds, to about $1.7 billion.

該對沖基金還增持了 Bitwise 比特幣和 Ark 21shares 比特幣基金，使其包括現貨比特幣和以太坊基金在內的 ETF 總持有量達到約 17 億美元。

Macro hedge firm Capula Management also boosted its holdings in Fidelity Wise Origin Bitcoin and Ishares Bitcoin Trust to approximately $600 million, as indicated by the SEC filing.

據 SEC 文件顯示，宏觀對沖公司 Capula Management 也將其在 Fidelity Wise Origin Bitcoin 和 Ishares Bitcoin Trust 的持股增加至約 6 億美元。

Meanwhile, Tudor Investment, the hedge fund led by Paul Tudor Jones, increased its holdings of the Ishares Bitcoin Trust fund by five times, moving from 869,565 shares to 4.4 million shares.

同時，Paul Tudor Jones 領導的對沖基金 Tudor Investment 將 Ishares 比特幣信託基金的持股增加了五倍，從 869,565 股增至 440 萬股。

These developments come as spot bitcoin ETFs have seen a strong performance in Q4, with some ETFs rising by about 35%. This performance is likely to further encourage hedge funds and institutional investors to maintain or increase their bitcoin investments.

這些進展正值比特幣現貨 ETF 在第四季度表現強勁之際，一些 ETF 上漲了約 35%。這一表現可能會進一步鼓勵對沖基金和機構投資者維持或增加比特幣投資。

The growing institutional interest in bitcoin ETFs is also evident in the increasing ownership of these funds. For instance, the world's largest asset manager, Blackrock, has played a crucial role in driving institutional adoption of cryptocurrencies by offering investors a conventional way to gain exposure to bitcoin through its Ishares Bitcoin Trust ETF.

機構對比特幣 ETF 的興趣日益濃厚，也反映在這些基金的所有權不斷增加。例如，全球最大的資產管理公司貝萊德（Blackrock）透過其 Ishares 比特幣信託 ETF 為投資者提供了獲取比特幣的傳統方式，在推動機構採用加密貨幣方面發揮了至關重要的作用。