高盛对冲基金拥抱加密货币期权，因为 ETF 激发了热情

Are Crypto Options the New Darling of Hedge Funds?

加密货币期权是对冲基金的新宠吗？

Word on the street is that Goldman Sachs' hedge fund clientele are stepping up their game in the crypto options arena. This flurry of activity is reportedly a direct result of the green light given to spot Bitcoin exchange-traded funds (ETFs). As Max Minton, head of digital assets for Goldman Asia Pacific, points out, this shift is a testament to the growing interest and involvement from the firm's high-flying clients.

有消息称，高盛的对冲基金客户正在加密货币期权领域加大力度。据报道，这一系列活动是现货比特币交易所交易基金（ETF）获得批准的直接结果。正如高盛亚太区数字资产主管马克斯·明顿（Max Minton）所指出的那样，这种转变证明了该公司雄心勃勃的客户的兴趣和参与度与日俱增。

ETFs Ignite Crypto Enthusiasm

ETF 点燃加密货币热情

Minton's insights, shared in a Bloomberg report on March 24, reveal that this renewed crypto enthusiasm is largely fueled by the U.S. blessing of ten new Bitcoin ETFs. This milestone, achieved earlier this year, marked a watershed moment for crypto assets within the confines of traditional market structures.

Minton 在 3 月 24 日彭博社的一份报告中分享的见解表明，这种新的加密货币热情很大程度上是由美国对 10 只新比特币 ETF 的支持推动的。今年早些时候实现的这一里程碑标志着传统市场结构范围内加密资产的分水岭时刻。

"The recent ETF approval has sparked a surge in interest and activity from our clients," Minton notes.

“最近 ETF 的批准引发了我们客户的兴趣和活动激增，”明顿指出。

According to Minton, the introduction of these ETFs has not only legitimized cryptocurrencies in the eyes of the financial establishment but also reignited Goldman's clients' passion for the sector. He explains that the bulk of this renewed focus is being channeled through Goldman's futures and options offerings, with hedge funds leading the charge. This surge in activity comes after a relatively quiet 2022, indicating a notable shift in market dynamics since the turn of the year.

Minton 表示，这些 ETF 的推出不仅使加密货币在金融机构眼中合法化，而且重新点燃了高盛客户对该行业的热情。他解释说，这一新的焦点主要是通过高盛的期货和期权产品来引导的，其中对冲基金带头。此次活动激增是在相对平静的 2022 年之后出现的，这表明自年初以来市场动态发生了显着变化。

"It was a more subdued year last year, but we've seen a noticeable pickup in client interest in onboarding, pipeline, and volume since the start of the year," Minton says.

“去年是比较低迷的一年，但自今年年初以来，我们看到客户对入职、渠道和数量的兴趣明显上升，”明顿说。

Goldman's Crypto Ambitions

高盛的加密货币野心

Despite Goldman Sachs' impressive $2.8 trillion in assets under management at the end of 2023, the firm currently steers clear of offering spot cryptocurrency products. Instead, its focus is on crypto derivatives, including Bitcoin and Ether options and futures, which were first introduced with the launch of its crypto trading desk in 2021. These products enable clients to navigate the choppy waters of the crypto market and make informed bets on price movements.

尽管高盛截至 2023 年底管理的资产达到 2.8 万亿美元，令人印象深刻，但该公司目前避免提供现货加密货币产品。相反，它的重点是加密货币衍生品，包括比特币和以太坊期权和期货，这些产品是在 2021 年推出加密货币交易平台时首次推出的。这些产品使客户能够在加密货币市场的波涛汹涌中航行，并在明智的情况下进行押注。价格变动。

In addition to its derivatives offerings, Goldman Sachs is also delving into the world of tokenizing traditional assets using blockchain technology. The firm's involvement in this space includes the development of the GS DAP digital-asset platform and participation in a blockchain network pilot designed to connect banks, asset managers, and exchanges. Furthermore, Goldman's investments in startups, particularly those developing blockchain infrastructure, underscore its commitment to shaping the future of the digital asset market.

除了衍生品产品外，高盛还深入研究使用区块链技术对传统资产进行代币化的领域。该公司在这一领域的参与包括开发 GS DAP 数字资产平台以及参与旨在连接银行、资产管理公司和交易所的区块链网络试点。此外，高盛对初创企业的投资，特别是那些开发区块链基础设施的初创企业，突显了其对塑造数字资产市场未来的承诺。