英國的加密貨幣野心：比特幣 ETF 會鋪路嗎？

Kraken UK 董事總經理 Bivu Das 主張在英國引入比特幣交易所交易基金（ETF），理由是它們有潛力為機構提供投資機會並使比特幣合法化。 Das 強調，目前在英國受到限制的比特幣 ETF 為投資者提供了無需直接所有權即可接觸加密貨幣價值的機會，從而解決了監管問題。他認為，允許比特幣 ETF 可以增強英國成為加密貨幣中心的抱負，因為自美國證券交易委員會批准以來，比特幣 ETF 已在美國廣泛採用。

Will the UK Finally Embrace Bitcoin ETFs?

英國最終會擁抱比特幣 ETF 嗎？

Bivu Das, Managing Director of Kraken UK, is spearheading a push for the introduction of Bitcoin exchange-traded funds (ETFs) in the UK. Das believes that Bitcoin ETFs, which are currently restricted in the UK, could provide investors with a safe and regulated way to gain exposure to the digital asset.

Kraken UK 董事總經理 Bivu Das 正在帶頭推動在英國引進比特幣交易所交易基金 (ETF)。 Das 認為，目前在英國受到限制的比特幣 ETF 可以為投資者提供一種安全且受監管的方式來投資數位資產。

Is the UK Lagging Behind in Crypto Innovation?

英國在加密貨幣創新方面落後了嗎？

Das argues that the UK's ambition to become a crypto hub is being hindered by the lack of Bitcoin ETFs. He notes that the US has seen a surge in adoption of Bitcoin ETFs since the SEC's approval in January, legitimizing the asset for institutional investors.

達斯認為，由於缺乏比特幣 ETF，英國成為加密貨幣中心的野心受到阻礙。他指出，自 1 月 SEC 批准以來，美國比特幣 ETF 的採用量激增，使機構投資者的資產合法化。

Can Bitcoin ETFs Address Regulatory Concerns?

比特幣 ETF 能否解決監理問題？

Das believes that Bitcoin ETFs could actually reduce regulatory concerns because investors do not directly own the underlying asset. This could mitigate the risks associated with holding cryptocurrencies directly.

Das 認為，比特幣 ETF 實際上可以減少監管擔憂，因為投資者並未直接擁有基礎資產。這可以減輕與直接持有加密貨幣相關的風險。

Is the FCA Opening Up to Crypto ETFs?

FCA 是否開放給加密 ETF ？

The UK's Financial Conduct Authority (FCA) recently approved the launch of crypto exchange-traded notes (ETNs), but these are only available to institutional investors. Das argues that this signals an openness by the FCA to allow recognized investment exchanges to list crypto investment products for trading.

英國金融行為監理局（FCA）最近批准推出加密貨幣交易所交易票據（ETN），但這些票據僅適用於機構投資者。 Das 認為，這標誌著 FCA 願意允許認可的投資交易所列出加密投資產品進行交易。

Will Retail Investors Be Left Out?

散戶會被排除在外嗎？

However, the FCA remains cautious about the risks associated with crypto derivatives and ETNs for retail investors. Coinbase UK CEO Daniel Seifert supports the introduction of Bitcoin ETFs in the UK, but acknowledges that the FCA faces a balancing act between fostering innovation and protecting retail investors.

然而，FCA 對於散戶投資者與加密衍生性商品和 ETN 相關的風險仍持謹慎態度。 Coinbase UK 執行長 Daniel Seifert 支持在英國引入比特幣 ETF，但承認 FCA 面臨促進創新和保護散戶投資者之間的平衡。

Growing Interest in Crypto Investment Products

人們對加密貨幣投資產品的興趣日益濃厚

The recent influx of investments into crypto ETFs, exemplified by billions in net inflows, suggests a growing interest in expanding access to crypto investment products. Das believes that the UK can benefit from this trend by embracing Bitcoin ETFs.

最近對加密貨幣 ETF 的投資大量湧入，以數十億美元的淨流入為例，這表明人們對擴大加密貨幣投資產品的使用範圍越來越感興趣。 Das 認為，英國可以透過擁抱比特幣 ETF 來從這一趨勢中受益。

Conclusion

結論

The introduction of Bitcoin ETFs in the UK is a matter of ongoing debate. The FCA faces the challenge of balancing innovation with investor protection. However, the growing interest in crypto investment products and the potential benefits for institutional investors suggest that Bitcoin ETFs could play a significant role in the UK's crypto ecosystem.

在英國推出比特幣 ETF 一直是個爭論不休的問題。 FCA 面臨平衡創新與投資者保護的挑戰。然而，人們對加密投資產品日益增長的興趣以及機構投資者的潛在利益表明，比特幣 ETF 可以在英國的加密生態系統中發揮重要作用。