高盛因客户对现货比特币 ETF 的需求而重新进入加密货币领域

在美国批准现货比特币 ETF 后，高盛的客户正在重新进入加密货币市场。高盛亚太区数字资产主管 Max Minton 表示，最近 ETF 的批准激发了人们对加密货币的兴趣，尤其是对冲基金。高盛的客户主要使用衍生品来获得加密货币波动性并做出中期价格预测，其中比特币相关产品最受欢迎。

Is Goldman Sachs Back in the Crypto Game?

高盛重返加密货币游戏了吗？

Goldman Sachs's clients are reportedly jumping back into the crypto market, emboldened by the recent approval of spot Bitcoin ETFs. According to Max Minton, head of digital assets for Goldman Asia Pacific, many of the firm's largest clients have recently become active or are exploring opportunities in the crypto sector.

据报道，受近期比特币 ETF 现货批准的鼓舞，高盛的客户正在重返加密货币市场。高盛亚太区数字资产主管 Max Minton 表示，该公司的许多最大客户最近变得活跃或正在探索加密货币领域的机会。

What's Driving the Appetite?

是什么推动了食欲？

Minton attributes the renewed interest to the approval of ten new Bitcoin ETFs in the United States, which have legitimized crypto assets as a more integral part of traditional markets. "The recent ETF approval has triggered a resurgence of interest and activities from our clients," Minton said.

Minton 将重新燃起的兴趣归因于美国批准了 10 个新的比特币 ETF，这些基金使加密资产合法化，成为传统市场更不可或缺的一部分。 “最近 ETF 的批准引发了我们客户的兴趣和活动的复苏，”明顿说。

Who's Getting Involved?

谁参与其中？

The bulk of the fresh demand comes from existing Goldman clients, particularly hedge funds, who are accessing crypto exposure through the firm's options and futures offerings. Goldman Sachs reported a record $2.8 trillion in assets under management at the end of 2023.

大部分新需求来自高盛现有客户，尤其是对冲基金，他们通过该公司的期权和期货产品获得加密货币敞口。高盛报告称，截至 2023 年底，其管理的资产达到创纪录的 2.8 万亿美元。

Spot Crypto Products on the Horizon?

发现即将出现的加密产品吗？

Despite launching its first crypto trading desk in 2021, Goldman currently does not offer any spot crypto products to its clients. The desk only provides exposure to crypto derivatives, such as Bitcoin and Ether options and futures. However, Minton hinted at the possibility of expanding into spot crypto products in the future.

尽管高盛于 2021 年推出了首个加密货币交易平台，但目前并未向客户提供任何现货加密产品。该柜台仅提供加密货币衍生品的敞口，例如比特币和以太坊期权和期货。然而，明顿暗示未来有可能扩展到现货加密产品。

Crypto as a Volatility Play

加密货币作为一种波动性游戏

Goldman's clients are primarily using their derivatives to gain exposure to the volatility of crypto and make weighted predictions on price movements in the mid-term. Bitcoin-related products remain the most popular investment vehicles among active clients.

高盛的客户主要利用其衍生品来了解加密货币的波动性，并对中期价格走势进行加权预测。比特币相关产品仍然是活跃客户中最受欢迎的投资工具。

Ether ETF Approval: A Game-Changer?

以太坊 ETF 获批：游戏规则改变者？

Minton believes that the potential approval of a spot Ether ETF in the U.S. could shift institutional clients toward Ether. However, Bloomberg ETF analysts estimate the chances of an Ether ETF approval by May at only 35%, with the SEC's silence on the matter seen as bearish.

Minton 认为，现货以太坊 ETF 在美国的潜在批准可能会使机构客户转向以太坊。然而，彭博 ETF 分析师估计 5 月份 ETH ETF 获得批准的可能性仅为 35%，而 SEC 对此事的沉默被视为看跌。

Expanding the Crypto Universe

扩展加密世界

Regardless of ETF approvals, Goldman plans to expand into a wider universe of clients, including asset management funds, banks, and more specialized crypto asset firms. Minton's optimism suggests that Goldman Sachs is betting on the long-term growth of the crypto market and the potential for it to become a more mainstream asset class.

无论 ETF 是否获得批准，高盛都计划扩展到更广泛的客户群，包括资产管理基金、银行和更专业的加密资产公司。明顿的乐观态度表明，高盛正在押注加密货币市场的长期增长及其成为更主流资产类别的潜力。