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您每周的加密新闻摘要

Bitcoin price dropped as low as $93,000 on Tuesday morning before recovering. Meanwhile, several new crypto ETFs received applications with the SEC this week.

比特币的价格在周二早上恢复后的价格低至93,000美元。同时，本周有几个新的加密ETF在SEC收到了申请。

Here’s what else happened in crypto markets this week…

这是本周加密货币市场发生的事情……

Major funds with $100M+ just reported sizable BTC buys. From Goldman Sachs to the Bank of Montreal — here are the institutions adding bitcoin.

1亿美元+的主要资金刚刚报告了BTC大量购买。从高盛（Goldman Sachs）到蒙特利尔银行（Bank of Montreal） - 这是添加比特币的机构。

A multibillion-dollar credit fund is set to get tokenized. Plus, more key numbers from around the cryptoverse.

数十亿美元的信贷基金将被标记化。另外，来自密码周围的更多关键数字。

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Your weekly digest of crypto news

您每周的加密新闻摘要

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了解如何通过访问我们的隐私政策来收集您的信息

MARKET MOVES

市场移动

Bitcoin price stumbles as traders eye inflation data

随着交易者的眼通货膨胀数据，比特币价格偶然

After hitting a new all-time high of $94,640 on Monday, bitcoin price dropped as low as $93,000 on Tuesday morning before recovering.

在周一达到新的94,640美元的新历史高点之后，比特币的价格在周二早上恢复后降至93,000美元。

Meanwhile, several new crypto ETFs received applications with the SEC this week. Nasdaq filed on behalf of CoinShares to create ETFs for Litecoin and XRP.

同时，本周有几个新的加密ETF在SEC收到了申请。纳斯达克代表Coinshares提交，为Litecoin和XRP创建ETF。

Here are three more market stories you should know about…

这是您应该知道的另外三个市场故事……

Goldman, pension funds lead Q4 institutional crypto buying

高盛，养老基金领导Q4机构加密货币购买

In a reversal of recent trends, Ether exchange-traded funds (ETFs) have seen $393 million of inflows over the last month while bitcoin ETFs have seen outflows totalling $376 million.

在逆转最近的趋势中，以太交易所贸易资金（ETF）在上个月的流入率为3.93亿美元，而比特币ETF的流出总计3.76亿美元。

Despite traders’ new fondness for ETH investment products, ETH prices remain far below the all-time high of nearly $4,900 set in 2021, although they have rebounded roughly 30% from earlier this month.

尽管交易者对ETH Investment产品的新喜爱，但ETH价格仍远低于2021年的历史最高售价近4,900美元，尽管它们比本月初反弹了约30％。

But could ETH regain traction? A new network upgrade, called Pectra, is set to roll out in April, and it could help the original smart-contract compatible blockchain better compete against newer rivals like Solana. 

但是ETH可以恢复牵引力吗？一个名为Pectra的新网络升级将于4月推出，它可以帮助原始的智能合同兼容区块链更好地与Solana等新竞争对手竞争。

According to the Block, derivatives markets are showing that many pro traders expect ETH prices to bounce due to both Pectra and signs that “investor attention is shifting away from Solana’s memecoin-dominated ecosystem.” 

根据该街区的数据，衍生品市场表明，许多职业交易者预计ETH价格会因Pectra而反弹，并且迹象表明“投资者的关注正在脱离Solana的Memecoin主导的生态系统”。

Fresh crypto ETF filings: Litecoin, XRP get applications

新鲜加密ETF文件：Litecoin，XRP获取申请

Back in 2022, Hong Kong outlined its ambitions to become a major center for the crypto industry, even as mainland China banned almost all crypto trading. In the years since, Hong Kong regulators have issued licenses for crypto-trading platforms and even launched spot crypto ETFs.

早在2022年，香港就概述了其成为加密行业主要中心的野心，即使中国几乎禁止所有加密货币交易。从那以后的几年中，香港监管机构已获得加密货运平台的许可，甚至推出了现场加密ETF。

This week, Hong Kong’s Securities and Futures Commission announced a major expansion of permitted crypto activities. According to Reuters, Hong Kong is set to “establish new licensing regimes for over-the-counter trading in virtual assets and for custody services” and is “advancing on the regulation of stablecoins.” 

本周，香港的证券和期货委员会宣布了允许的加密活动的重大扩展。据路透社报道，香港将“建立针对虚拟资产和监护权服务的非处方交易的新许可制度”，并“促进了对稳定的法规”。

Stable stakes… On Monday, a consortium including Standard Chartered and Animoca Brands announced that it would seek a license from the Hong Kong Monetary Authority to create a Hong Kong dollar-backed stablecoin.

稳定的赌注…周一，包括标准包机和Animoca品牌在内的一个财团宣布，它将寻求香港货币管理局的许可，以创建香港货币支持的Stablecoin。

BIG MONEY

大钱

Institutions buying bitcoin now, and what they’re telling us

机构现在购买比特币，以及他们告诉我们什么

Slowly but surely, bitcoin is becoming an institutional investment darling. And it’s not just because of Strategy (formerly MicroStrategy).

慢慢但可以肯定的是，比特币正成为机构投资的宠儿。这不仅是因为策略（以前是微型策略）。

Last week, some of the biggest asset managers in the world provided disclosures about their stock investments from the fourth quarter of 2024. And bitcoin ETFs were a major favorite, with billions of dollars allocated by buyers including Goldman Sachs, Wisconsin’s pension fund, the Bank of Montreal, and one of Abu Dhabi’s sovereign wealth funds.

上周，世界上一些最大的资产经理提供了有关其股票投资的披露，该股票投资于2024年第四季度。和比特币ETF是主要的最爱，由购买者分配了数十亿美元，包括威斯康星州的养老金基金，银行，包括高盛（Goldman Sachs）蒙特利尔，也是阿布扎比的主权财富基金之一。

“Institutional investors tripled their holdings of spot bitcoin ETFs in Q4 2024, reaching $38.7 billion, SEC filings show,” reports CoinDesk.

Coindesk报道：“机构投资者在第二季度的2024年第四季度将其持有的现货比特币ETF持有，达到387亿美元，SEC备案显示。”

What were the biggest revelations? Let’s dive in. 

什么是最大的启示？让我们潜水。

First off, how do we know what these funds hold?

首先，我们怎么知道这些资金是什么？

Each quarter, fund managers who oversee more than $100 million in public equities are required to disclose their holdings to the U.S. Securities and Exchange Commission. The most recent “13F” filings reflect portfolio changes made during the fourth quarter of last year, through Dec. 31.

每个季度，要求超过1亿美元的公共股票的基金经理都必须向美国证券交易委员会披露其股份。最新的“ 13F”文件反映了去年第四季度（直到12月31日）进行的投资组合变化。

These filings give investors valuable insight into how the largest portfolios are playing the market. Since the launch of spot bitcoin ETFs last year, the quarterly filings have also become a proxy for institutional adoption of digital assets. 

这些文件为投资者提供了关于最大投资组合如何投放市场的宝贵见解。自去年推出现货比特币ETF以来，季度文件也已成为机构采用数字资产的代理。

To date, more than 1,000 funds that are required to file 13Fs have purchased spot bitcoin ETFs, and their cumulative holdings top $38.7 billion, up from $12.4 billion at the end of Q3 2024.

迄今为止，提交13FS所需的1,000多个资金已经购买了现货比特币ETF，其累计持有量最高387亿美元，高于第三季度2024年底的124亿美元。

One of Abu Dhabi’s sovereign wealth funds made a big splash

阿布扎比的一项主权财富基金使很大

Mubadala Investment Company, one of Abu Dhabi’s state-owned investment funds, disclosed purchasing $436.9 million worth of bitcoin ETF shares last quarter, making it the seventh-largest holder of BlackRock’s leading bitcoin ETF.

阿布扎比国有投资基金之一的穆巴达拉投资公司（Mubadala Investment Company）上个季度披露了价值4.369亿美元的比特币ETF股票，使其成为贝莱德领先的比特币ETF的第七大持有人。

“The accumulation by sovereign wealth funds, pension funds, and other major institutional investors is just getting

“主权财富基金，养老基金和其他主要的机构投资者的积累