比特币突破 10 万美元大关，加密货币基金获得回报

今年到目前为止，比特币的价格已上涨 130% 至 10 万美元左右，推动主要加密货币的总市值从 1.8 万亿美元增至 3.5 万亿美元。

As Bitcoin price recently surpassed the $100,000 mark, hedge funds focused on cryptocurrencies are reaping substantial profits.

随着比特币价格最近突破 10 万美元大关，专注于加密货币的对冲基金正在获得巨额利润。

According to data from Hedge Fund Research, funds adopting cryptocurrency strategies averaged a 46% increase in November, with a year-to-date return of 76%.

根据对冲基金研究的数据，采用加密货币策略的基金 11 月份平均涨幅为 46%，年初至今回报率为 76%。

This performance far exceeds the industry average, with the average return for hedge funds during the same period being only 10%. Notably, Brevan Howard Asset Management and Galaxy Digital, the cryptocurrency investment management company founded by billionaire Mike Novogratz, are among the biggest winners in this wave of digital asset surges.

这一业绩远远超过行业平均水平，同期对冲基金的平均回报率仅为10%。值得注意的是，Brevan Howard Asset Management和亿万富翁Mike Novogratz创立的加密货币投资管理公司Galaxy Digital是这波数字资产浪潮中的最大赢家。

As reported by the Financial Times, citing informed sources, Brevan Howard's main cryptocurrency fund rose by 33% in November, with a cumulative increase of 51% over the first 11 months of this year. As one of the largest hedge fund management companies, Brevan Howard launched a dedicated cryptocurrency business in 2021, handling assets totaling up to $35 billion.

据英国《金融时报》援引知情人士消息称，Brevan Howard 旗下主要加密货币基金 11 月上涨 33%，今年前 11 个月累计上涨 51%。作为最大的对冲基金管理公司之一，Brevan Howard于2021年推出了专门的加密货币业务，管理的资产总额高达350亿美元。

On the other hand, Galaxy's hedge fund strategy rose by 43% in November and has increased by 90% year-to-date in 2024. This New York-based company has more than doubled its managed assets to $4.8 billion over the past two years by acquiring assets from bankrupt cryptocurrency companies.

另一方面，Galaxy 的对冲基金策略在 11 月份增长了 43%，到 2024 年迄今为止增长了 90%。这家总部位于纽约的公司在过去两年中其管理资产增加了一倍多，达到 48 亿美元通过从破产的加密货币公司收购资产。

Despite a recent pullback in the cryptocurrency market due to the Federal Reserve indicating that next year's rate cuts may be lower than expected, analysts believe this does not overshadow the digital assets институционалs' overall strong performance.

尽管最近由于美联储暗示明年的降息幅度可能低于预期，导致加密货币市场出现回调，但分析师认为，这并没有掩盖数字资产整体强劲的表现。

In 2022, the industry faced a deep crisis with the collapse of Sam Bankman-Fried's FTX exchange, causing Bitcoin's price to drop to around $15,500. However, in January 2024, the U.S. Securities and Exchange Commission approved 11 exchange-traded Bitcoin funds, opening the door for institutional and retail investors to enter the cryptocurrency market.

2022 年，随着 Sam Bankman-Fried 的 FTX 交易所倒闭，该行业面临严重危机，导致比特币价格跌至 15,500 美元左右。然而，2024年1月，美国证券交易委员会批准了11只交易所交易的比特币基金，为机构和散户投资者进入加密货币市场打开了大门。

Last week, the world's largest asset management company, BlackRock, also stated that they believe “there is ample reason to include Bitcoin in a multi-asset portfolio.”

上周，全球最大的资产管理公司贝莱德也表示，他们相信“有充分的理由将比特币纳入多资产投资组合”。

Moreover, some macro hedge funds have also increased their investments in digital assets. Notably, MP Alpha Capital's $20 million global macro hedge fund has risen by more than 30% this year. The company's partner, Damien Miller, stated that their investment strategy revolves around the institutional adoption of digital assets, against a macro backdrop of loose monetary policy, a weak dollar, and ample liquidity.

此外，一些宏观对冲基金也加大了对数字资产的投资。值得注意的是，MP Alpha Capital旗下2000万美元的全球宏观对冲基金今年以来涨幅超过30%。该公司合伙人达米安·米勒表示，在宽松货币政策、美元疲软和流动性充裕的宏观背景下，他们的投资策略围绕数字资产的机构采用。

“We have performed well in digital assets: Bitcoin, Ethereum, and Bitcoin miners.”

“我们在数字资产方面表现良好：比特币、以太坊和比特币矿工。”

Several managers, however, cautioned that Bitcoin's recent surge should prompt investors to pause and take stock. Huang from NextGen Digitalventure expressed optimism about Bitcoin and cryptocurrencies in the long term, but noted that “no asset will rise in a straight line.”

然而，一些经理警告说，比特币最近的飙升应该会促使投资者停下来盘点。 NextGen Digitalventure 的黄先生对比特币和加密货币的长期前景表示乐观，但指出“没有资产会直线上涨”。