Vanguard可能很快通過GameStop的BTC儲備獲得比特幣暴露

Vanguard可能很快通過GameStop的BTC儲備計劃獲得間接的比特幣暴露，這挑戰了其長期以來的數字資產缺乏內在價值或穩定性的立場。

Financial giant Vanguard Group may soon have indirect exposure to bitcoin through its holdings in Gamestop (NYSE: GME), marking an unexpected twist in the company’s traditionally cautious approach to cryptocurrency.

金融巨頭Vanguard Group可能很快通過其在GameStop（NYSE：GME）的持股中間接暴露於比特幣，這標誌著該公司傳統上謹慎的加密貨幣方法的意外轉折。

Several moves by Gamestop, a company in which Vanguard is among the largest shareholders, have converged to create this unusual situation.

GameStop採取的幾項措施是Vanguard是最大的股東之一，已經匯聚在一起，以創造這種不尋常的情況。

As the top institutional stakeholder in Gamestop, Vanguard’s involvement follows the retailer’s unveiling of a strategic shift toward bitcoin.

作為GameStop中最高的機構利益相關者，Vanguard的參與遵循了零售商向比特幣進行戰略轉變的揭幕。

On March 26, Ryan Rasmussen, Head of Research at asset management firm Bitwise, noted the development in a post on social media platform X.

3月26日，資產管理公司Bitwise研究主管Ryan Rasmussen在社交媒體平台X上的帖子中指出了發展。

“Amazing to see Vanguard buying bitcoin via Gamestop.”

“很高興看到Vanguard通過GameStop購買比特幣。”

Rasmussen’s comment was in response to Bitwise’s chief investment officer, Matt Hougan, who pointed out that Vanguard is Gamestop’s largest shareholder.

拉斯穆森的評論是對Bitwise的首席投資官Matt Hougan的回應，他指出Vanguard是GameStop最大的股東。

Good point, Ryan. As of Q4 2023.

好點，瑞安。截至第四季度2023年。

But more importantly, surely no-one at Vanguard would talk about Bitcoin having ‘no role’ in long-term portfolios.

但更重要的是，先鋒隊當然沒有人會談論比特幣在長期投資組合中沒有角色。

This quote from Duncan Burns, Head of Investments & Head of Equity Index Group for Asia-Pacific at Vanguard Australia, appeared in December 2024. It was in response to a question from Financial Times.

這一引用來自澳大利亞先鋒澳大利亞的投資和股權指數集團負責人鄧肯·伯恩斯（Duncan Burns）出現在2024年12月。這是對《金融時報》的一個問題。

— Matt Hougan (@Matt_Hougan) March 26, 2024

-Matt Hougan（@matt_hougan）2024年3月26日

Gamestop revealed a strategic bitcoin reserve plan last week and announced plans to raise funds for it through a convertible bond offering. The company did not disclose how much bitcoin it intends to acquire or the timeline for implementation.

GameStop上週透露了一項戰略性比特幣儲備計劃，並宣布了通過可轉換債券產品為其籌集資金的計劃。該公司沒有透露其打算獲取多少比特幣或實施時間表。

The move signals a broader entry into digital assets and aligns Gamestop with other public companies, such as Microstrategy—now rebranded as Strategy—and Tesla, that have adopted bitcoin as a treasury reserve asset.

此舉表明，更廣泛地進入數字資產，並將GameStop與其他上市公司（例如MicroStrategy）（現在更名為策略）和特斯拉（Tesla）和特斯拉（Tesla）和特斯拉（Tesla）和特斯拉（Tesla）相結合，這些公司已採用比特幣作為財政部資產。

Vanguard’s indirect connection to bitcoin through Gamestop stands in contrast to its established position on digital assets. While other asset managers, including Blackrock and Fidelity, have embraced cryptocurrency through the launch of bitcoin and ether spot exchange-traded funds (ETFs), Vanguard has opted to stay on the sidelines.

Vanguard通過GameStop與比特幣的間接聯繫與其在數字資產上的既定地位相反。儘管其他資產經理，包括貝萊德和富達在內的其他資產經理，通過推出比特幣和以太現貨交易所交易資金（ETF）來擁抱加密貨幣，而Vanguard則選擇留在場上。

In December 2024, Vanguard reaffirmed its anti-bitcoin stance, highlighting the lack of intrinsic value or stability in digital assets.

2024年12月，Vanguard重申了其反對幣的立場，強調了數字資產缺乏內在價值或穩定性。

Duncan Burns, head of investments and head of Equity Index Group for Asia-Pacific at Vanguard Australia, stated that bitcoin had no role in long-term portfolios and warned of potential investor losses.

Vanguard Australia的投資負責人兼股權指數集團負責人鄧肯·伯恩斯（Duncan Burns）表示，比特幣在長期投資組合中沒有作用，並警告了潛在的投資者損失。

Moreover, CEO Salim Ramji, despite prior crypto ETF experience at Blackrock, confirmed that Vanguard would not offer crypto ETFs, emphasizing a focus on core strengths like active fixed income and cost efficiency.

此外，儘管貝萊德（Blackrock）的Crypto ETF經驗事先，但首席執行官Salim Ramji證實了Vanguard不會提供加密ETF，強調著專注於諸如主動固定收入和成本效率之類的核心優勢。