从投机投资到主流资产，WisdomTree处于领导地位的最前沿

一旦被考虑到投机性投资，加密货币就变得越来越成为主流。在欧洲，WisdomTree处于领导这一指控的最前沿。

Once considered speculative investments, cryptocurrencies are becoming increasingly mainstream. In Europe, WisdomTree is at the forefront of leading that charge. The global financial services firm offers a number of exchange-traded products (ETPs) that offer diversification and an incredibly easy way to buy and sell crypto assets.

一旦被考虑到投机性投资，加密货币就变得越来越成为主流。在欧洲，WisdomTree处于领导这一指控的最前沿。这家全球金融服务公司提供了许多交易所交易产品（ETP），可提供多元化和一种非常简单的买卖加密资产的方法。

Here Dovile Silenskyte, WisdomTree’s Director of Digital Assets Research, discusses crypto’s evolution as an asset class, the most recent adoption trends and WisdomTree’s latest ETP based on the CoinDesk 20 index.

WisdomTree的数字资产研究总监Dovile Silenskyte Dovile Silenskyte讨论了Crypto作为资产类别的进化，最新的采用趋势以及WisdomTree基于Coindesk 20 Index的最新ETP。

How do you see crypto becoming more akin to a traditional asset class?

您如何看待加密货币类似于传统资产类别？

As with every asset class, diversification is essential. Investors diversify across and within equity and bond positions, so it should be no different when considering allocating capital to cryptocurrencies. Relying solely on bitcoin is akin to holding only one stock in an equity portfolio, which is a suboptimal strategy in terms of risk-adjusted returns. A well-diversified approach across multiple digital assets can enhance exposure to the broader growth of the sector.

与每个资产类别一样，多样化至关重要。投资者在股票和债券职位上多样化，因此在考虑将资本分配给加密货币时应该没有什么不同。仅依靠比特币类似于在股票投资组合中仅持有一股股票，这是风险调整后的收益次数的次优策略。多个数字资产的一种多种方法可以增强对该行业的广泛增长的影响。

As the digital asset class evolves, investors require a benchmark to measure performance, invest and trade. The CoinDesk 20 index serves as the benchmark index for the crypto industry and is the world’s most traded crypto index — it could be viewed as the S&P 500 of crypto. Taking a broad and diversified approach through the CoinDesk 20 provides a practical way to access opportunities across the digital asset market.

随着数字资产类别的发展，投资者需要一个基准来衡量绩效，投资和交易。 Coindesk 20指数是加密行业的基准指数，并且是世界上最交易的加密指数 - 可以将其视为Crypto的标准普尔500指数。通过Coindesk 20采用广泛而多元化的方法，提供了一种实用的方式来访问整个数字资产市场的机会。

For investors who lack access to deep crypto knowledge, broad-based crypto indices offer a streamlined way to gain market exposure without the complexities of token selection. Just as ETF investors use index-based funds to gain equity exposure without stock-picking, a diversified crypto index allows for systematic, passive participation in the growth of digital assets.

对于缺乏深入加密知识的投资者而言，基于广泛的加密指数提供了一种简化的方法来获得市场敞口而没有令牌选择的复杂性。正如ETF投资者使用基于指数的资金来获得股权敞口而无需进行股票的股权，多元化的加密指数允许系统性地被动地参与数字资产的增长。

What kind of adoption trends have you seen in the past? Are there geographical nuances you’ve observed?

您过去看到什么样的采用趋势？您是否有观察到的地理差异？

After more than 15 years of existence, multiple boom-and-bust cycles and over half a billion users, cryptocurrencies have cemented their place as a major asset class rather than a passing trend. Bitcoin and ether have become integral components of institutional portfolios.

经过15年以上的存在，多次繁荣和野蛮的周期和超过50亿用户，加密货币巩固了它们作为主要资产类别的地位，而不是通过趋势。比特币和以太已成为机构投资组合的组成部分。

Despite cryptocurrencies' long-term growth potential, many investors are still unsure. With a total market cap of approximately $3 trillion, the ecosystem and use cases are growing steadily. The crypto market is now of a similar (or larger) size as staple institutional investments such as high-yield bonds, inflation-linked bonds and emerging markets small caps.

尽管加密货币的长期增长潜力，但许多投资者仍然不确定。总市值约为3万亿美元，生态系统和用例稳定增长。现在，加密市场的规模（或更大）与主食机构投资相似（或更大），例如高收益债券，通货膨胀链接债券和新兴市场的小帽子。

Crypto adoption is not monolithic — it varies across geographies based on regulatory landscapes, institutional infrastructure and economic needs. Europe is leading the way with investors being able to invest into bitcoin exchange-traded products for the last 5+ years and now having access to a broad range of single coin and crypto basket ETPs.

加密的采用不是整体的 - 它在基于监管景观，机构基础设施和经济需求的地理上变化。在过去的5年中，投资者能够投资于比特币交易所交易产品，现在可以使用广泛的单币和加密货篮ETP，这是欧洲领先的。

How is WisdomTree enabling this next phase of growth beyond bitcoin?

WisdomTree如何使比特币以外的下一个增长阶段？

WisdomTree has been providing access to crypto via ETPs since 2019. It has since grown its range to include ETPs providing exposure to five other individual coins and four diversified basket products, including its new ETP based on the CoinDesk 20 index. WisdomTree's crypto ETPs leverage institutional-grade storage solutions ensuring high levels of security, and some of them also generate a staking yield. By incorporating staking into a crypto ETP, investors can gain exposure to the growth of these networks while also partiticipating in their security and governance.

自2019年以来，WisdomTree一直在通过ETP提供加密货币的访问。此后，它的范围已增加，其中包括提供其他五个单独的硬币和四个多元化篮子产品的ETP，包括基于Coindesk 20 Index的新ETP。 WisdomTree的Crypto ETP利用机构级存储解决方案确保了高水平的安全性，其中一些也产生了积累的产量。通过将Staging纳入加密ETP，投资者可以接触到这些网络的增长，同时在其安全和治理方面分开。

Tell us more about the WisdomTree Physical CoinDesk 20 ETP that you just launched.

告诉我们更多有关您刚刚启动的WisdomTree物理Coindesk 20 ETP的信息。

The strategy helps investors avoid the complexities of selecting individual assets, as it aims to provide secure and diversified exposure to approximately 90% of the crypto market by market cap, helping shape the next wave of innovation. The strategy also provides a highly diversified entry point into the crypto ecosystem, further democratizing access to a historically difficult part of the market to get exposure to. And finally, the strategy also aims to provide staking yield.

该策略可帮助投资者避免选择单个资产的复杂性，因为它旨在通过市值通过市值提供大约90％的加密货币市场的安全和多样化的风险，从而帮助塑造了下一波创新浪潮。该策略还为加密生态系统提供了一个高度多样化的入口点，进一步使进入历史上困难的市场的途径进一步民主化，以获取接触。最后，该策略还旨在提供积分的产量。

Where can someone get additional information?

有人在哪里可以获得其他信息？

European investors can access more information about WisdomTree's physically-backed crypto ETP range here.

欧洲投资者可以在此处访问有关WisdomTree物理支持的加密ETP系列的更多信息。

Disclosure: This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.

披露：该材料由WisdomTree及其分支机构编写，不打算作为预测，研究或投资建议，而不是建议，要约或要求购买或出售任何证券或采用任何投资策略。表达的意见截至生产日期，随后的条件可能会改变。本材料中包含的信息和观点来自专有和非专有来源。因此，不提供准确性或可靠性的保证，也没有任何其他方式出现错误和遗漏的责任（包括因疏忽而对任何人的责任），也不受智慧树的接受，任何隶属关系，或任何官员，雇员，雇员或代理商的接受。依靠本材料中的信息是由读者自行决定的。过去的表现不是未来绩效的可靠指标。

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