2025 年会是加密货币年吗？ BRRR ETF 可能引领潮流

随着新政府准备通过放松管制来支持加密行业，选择合适的加密 ETF 可能是一项重要任务。

As we head into 2025, the question on many investors' minds is whether crypto will continue to shine. 2024 was a banner year for crypto, with prices surging and new all-time highs being set. But with a new administration set to support the crypto industry with potential deregulation, could 2025 be an even better year for crypto?

进入 2025 年，许多投资者心中的问题是加密货币是否会继续闪耀。 2024 年对于加密货币来说是标志性的一年，价格飙升并创下历史新高。但随着新一届政府准备通过放松管制来支持加密行业，2025 年对加密行业来说会是更好的一年吗？

It's certainly possible. After lagging behind other asset classes for much of 2024, crypto prices finally started to pick up steam in the second half of the year. This was largely due to the Federal Reserve's decision to begin cutting interest rates, which had a positive impact on tech and other growth-oriented assets.

这当然是可能的。在 2024 年大部分时间里落后于其他资产类别之后，加密货币价格终于在今年下半年开始回升。这主要是由于美联储决定开始降息，这对科技和其他增长型资产产生了积极影响。

As a result, Bitcoin prices more than doubled in 2024, while other cryptocurrencies also posted impressive gains. This led to a surge in interest from both retail and institutional investors, which in turn helped to drive up prices even further.

结果，比特币价格在 2024 年上涨了一倍多，而其他加密货币也出现了令人印象深刻的涨幅。这导致散户和机构投资者的兴趣激增，进而进一步推高价格。

Now, as we head into 2025, the stage is set for another strong year for crypto. With the Fed's rate cuts continuing to have a positive impact on the market and crypto prices still lagging behind other asset classes, there's plenty of room for further growth in 2025.

现在，随着我们进入 2025 年，加密货币又将迎来强劲的一年。由于美联储降息继续对市场产生积极影响，且加密货币价格仍落后于其他资产类别，2025 年还有很大的进一步增长空间。

Of course, there are no guarantees in the market, and crypto prices could always go down in 2025. But if you're looking for an exciting and potentially lucrative investment, then crypto could be worth considering in 2025.

当然，市场上没有任何保证，加密货币价格可能在 2025 年总是会下跌。但如果您正在寻找令人兴奋且可能有利可图的投资，那么 2025 年加密货币可能值得考虑。

One way to gain exposure to crypto is through an ETF, such as the Coinshares Valkyrie Bitcoin Fund (BRRR). This fund tracks the price performance of spot Bitcoin and has a 25 bps fee.

获得加密货币投资的一种方法是通过 ETF，例如 Coinshares Valkyrie 比特币基金 (BRRR)。该基金跟踪现货比特币的价格表现，并收取 25 个基点的费用。

The fund launched this year as part of the spot Bitcoin approvals that kickstarted the overall crypto investing space. In tracking the spot price of Bitcoin, BRRR owns the currency in a cold storage wallet. This safeguards the Bitcoins in an offline manner, increasing resistance to hacking.

该基金今年推出，作为比特币现货批准的一部分，启动了整个加密货币投资领域。在跟踪比特币现货价格时，BRRR 将比特币存放在冷钱包中。这以离线方式保护比特币，增加了对黑客攻击的抵抗力。

Together, that has helped the strategy return 45.8% over the last three months per ETF Database data. This beat both the fund's ETF Database Category and Factset Segment averages in that time. Meanwhile, the fund has also gathered more than $850 million in AUM since launching, sitting at $866 million as of December 30th.

根据 ETF 数据库数据，这使得该策略在过去三个月的回报率为 45.8%。这超过了该基金当时的 ETF 数据库类别和 Factset 细分市场的平均水平。与此同时，自推出以来，该基金的资产管理规模也已超过 8.5 亿美元，截至 12 月 30 日为 8.66 亿美元。

So why look to BRRR as the Bitcoin ETF to lead the way into 2025? Well, BRRR leans on the experience of its managers at CoinShares, who offer significant expertise in the Bitcoin space. What's more, BRRR's passive ETF approach makes it a straightforward way to get exposure to Bitcoin itself.

那么为什么要指望 BRRR 作为比特币 ETF 引领 2025 年的发展呢？ BRRR 借鉴了 CoinShares 经理的经验，他们在比特币领域提供了重要的专业知识。此外，BRRR 的被动 ETF 方法使其成为接触比特币本身的直接方式。

In the new year, Bitcoin could see its price rise with the lagging impact of rate cuts that ended in 2024. Given that tech continues to rise in tandem with crypto, a strong year for crypto could be in the cards. For those interested in the space, BRRR could appeal.

在新的一年里，随着 2024 年结束的降息的滞后影响，比特币的价格可能会上涨。鉴于科技继续与加密货币同步增长，加密货币可能会迎来强劲的一年。对于那些对该领域感兴趣的人来说，BRRR 可能会有吸引力。