{"id":551,"date":"2025-01-29T07:53:19","date_gmt":"2025-01-28T23:53:19","guid":{"rendered":"https:\/\/www.db-hk.com\/?p=551"},"modified":"2025-01-29T07:53:19","modified_gmt":"2025-01-28T23:53:19","slug":"%e4%bb%a5%e5%a4%aa%e5%9d%8a-etf-%e7%9a%84%e5%90%8e%e5%b8%82%e5%bd%b1%e5%93%8d%ef%bc%9a%e5%90%88%e8%a7%84%e5%a4%a7%e6%a3%92%e4%b8%8b%e8%bf%8e%e6%9d%a5%e3%80%8c%e5%b1%b1%e5%af%a8%e7%8b%82%e8%88%9e","status":"publish","type":"post","link":"http:\/\/www.fubairui.net\/?p=551","title":{"rendered":"\u4ee5\u592a\u574a ETF \u7684\u540e\u5e02\u5f71\u54cd\uff1a\u5408\u89c4\u5927\u68d2\u4e0b\u8fce\u6765\u300c\u5c71\u5be8\u72c2\u821e\u300d\uff1f"},"content":{"rendered":"
\u5982\u4f55\u770b\u5f85\u4ee5\u592a\u574a ETF \u88ab\u901a\u8fc7\u4e4b\u540e\u7684\u540e\u5e02\u884c\u4e1a\u53d1\u5c55\u53d8\u5c40\uff1f\u5148\u8bf4\u7ed3\u8bba\uff1a\u5728\u6211\u770b\u6765\uff0c\u5e02\u573a\u4f1a\u8fce\u6765\u8f83\u957f\u65f6\u95f4\u7684\u300c\u5c71\u5be8\u300d\u5b63\uff0c\u725b\u5e02 Bull Run \u6b63\u5f53\u65f6\uff0c\u53ea\u662f\u8fc7\u7a0b\u4e0d\u4f1a\u90a3\u4e48\u7f8e\u597d\u3002Why\uff1f\u63a5\u4e0b\u6765\uff0c\u8bf4\u8bf4\u6211\u7684\u4e2a\u4eba\u89c2\u5bdf\uff1a<\/p>\n
1\uff09\u6bd4\u7279\u5e01 ETF \u901a\u8fc7\u4e4b\u540e\u7684\u5e02\u573a\u53cd\u54cd\u5e76\u6ca1\u6709\u6709\u5982\u9884\u671f\u822c\u5b8f\u5927\uff0c\u5927\u5bb6\u9884\u60f3\u4e2d\u7684\u72c2\u66b4\u5927\u75af\u725b\u5e76\u6ca1\u6709\u5982\u671f\u800c\u81f3\uff0c\u4f46\u660e\u663e\u6bd4\u7279\u5e01\u7684\u6ce2\u52a8\u7387\u964d\u4f4e\u4e86\uff0c\u5e02\u573a\u627f\u63a5\u80fd\u529b\u5728\u53d8\u5f3a\uff0c\u80cc\u540e\u7684\u534e\u5c14\u8857\u795e\u79d8\u529b\u91cf\u6210\u4e86\u5927\u5bb6\u5bf9\u6bd4\u7279\u5e01\u7a33\u5b9a\u4e0b\u6765\u7684\u300c\u62d6\u5e95\u2018\u4fdd\u969c\u3002<\/p>\n
\u56e0\u4e3a\uff0cBTC \u7eaf\u8d44\u4ea7\u5c5e\u6027\uff0c\u80cc\u540e\u7f3a\u4e4f\u4e00\u4e2a\u5b8c\u6574\u7684\u751f\u6001\u652f\u6491\uff0cBTC \u7684\u4e8c\u7ea7\u5e02\u573a\u9884\u671f\u548c\u5927\u5bb6\u6b63\u5728 Build \u7684\u4e00\u7ea7\u5e02\u573a\u4f3c\u4e4e\u8131\u8282\u4e86\uff0c\u77ed\u671f\u770b BTC \u5bf9\u5e02\u573a\u7684\u300c\u589e\u76ca\u300d\u6548\u679c\uff0c\u65e0\u6cd5\u5ef6\u5c55\u5230\u4e00\u7ea7\u4ef7\u6295\u5e02\u573a\uff0c\u5c24\u5176\u662f\u5bf9\u4e3b\u6d41\u4ee5\u592a\u574a\u7684\u4e50\u9ad8\u751f\u6001\u5e02\u573a\uff0c\u5173\u8054\u6027\u5c31\u66f4\u5f31\u4e86\u3002<\/p>\n
\u7136\u800c\uff0c\u4ee5\u592a\u574a ETF \u7684\u901a\u8fc7\u5c31\u5927\u4e3a\u4e0d\u540c\u4e86\uff1f\u4e00\u65b9\u9762\uff0cETH \u7684\u901a\u7f29\u76f4\u63a5\u4f1a\u5f71\u54cd\u4e00\u7ea7\u5e02\u573a\u7684\u6d3b\u8dc3\u5ea6\uff0c\u4ee5\u592a\u574a\u4ef7\u683c\u589e\u957f\uff0clayer2 Gas \u4f4e\u7684\u4f18\u52bf\u4f1a\u51f8\u663e\u4f1a\u95f4\u63a5\u5e26\u52a8 layer2 \u5e02\u573a\u7684\u53d1\u5c55\uff0c\u4ee5\u592a\u574a\u6d41\u901a\u91cf\u51cf\u5c11\uff0c\u5219\u4f1a\u52a0\u5267 Restaking \u548c AVS \u751f\u606f\u8d5b\u9053\u7684\u5185\u5377\u800c\u5e26\u52a8\u4ef7\u503c\u589e\u957f\uff0c\u4ee5\u592a\u574a\u638c\u63e1\u5728\u589e\u91cf\u57fa\u91d1\u624b\u91cc\uff0c\u88ab\u7528\u6765\u6295\u8d44\u548c\u652f\u6301\u5408\u89c4\u5934\u90e8 DeFi \u9879\u76ee\u7b49\u7b49\u3002<\/p>\n
\u5982\u679c\u8fd9\u6837\u4e3e\u4f8b\u89c9\u5f97\u7275\u5f3a\uff0c\u4f46\u5176\u5b9e\u53ea\u9700\u660e\u767d\uff0c\u4ee5\u592a\u574a\u4eca\u5929\u7684\u4ef7\u503c\u5c31\u80cc\u540e\u8fd9\u4e2a\u5e9e\u5927\u7684\u4e00\u7ea7 Build \u5e02\u573a\u4e00\u70b9\u70b9\u50ac\u751f\u7684\uff0c\u53cd\u4e4b\uff0cETH \u81ea\u8eab\u8d44\u4ea7\u4ef7\u683c\u548c\u6d41\u901a\u53d7\u4f17\u9762\uff0c\u4e5f\u4f1a\u7ed9\u884c\u4e1a\u751f\u6001\u5e26\u6765\u6e90\u6e90\u4e0d\u65ad\u7684\u7528\u6237\u3001\u8d44\u91d1\u4ee5\u53ca\u4eba\u624d\u8d44\u6e90\u7b49\u7b49\u3002\u8fd9\u624d\u662f\u4ee5\u592a\u574a ETF \u76f8\u5bf9\u66f4\u4f1a\u63a8\u52a8\u300c\u5c71\u5be8\u5b63\u300d\u5230\u6765\u7684\u6839\u672c\u539f\u56e0\u3002<\/p>\n
2\uff09\u8fd9\u91cc\u6240\u8bf4\u7684\u300c\u5c71\u5be8\u300d\u5e01\uff0c\u6211\u66f4\u60f3\u6307\u4ee3\u7684\u662f\u4e00\u4e9b\u6709 VC \u652f\u6301\u3001\u6709\u56e2\u961f Build\u3001Token \u6ca1\u53d1\u884c\u65f6\u5f97\u4e0d\u5230\u5e02\u573a\u9ad8\u5ea6\u91cd\u89c6\uff0cToken \u53d1\u884c\u540e\u5e01\u4ef7\u62c9\u80ef\u5f97\u4e0d\u5230\u4ef7\u503c\u652f\u6491\u7684\u300c\u4e3b\u6d41\u5e01\u300d\u3002\u7b80\u5355\u800c\u8a00\uff0c\u4ee5\u592a\u574a ETF \u7684\u901a\u8fc7\uff0c\u80fd\u5438\u5f15\u4e3b\u6d41\u57fa\u91d1\u6d8c\u5165\u4ee5\u592a\u574a\u6784\u5efa\u8d77\u6765\u7684\u5e9e\u5927\u751f\u6001\u5185\uff0c\u9a71\u52a8\u4ef7\u503c\u5e01\u7684\u6301\u7eed\u589e\u957f\u3002\uff08\u80fd\u4e0d\u80fd\u7834\u9664\u4ef7\u503c\u5e01\u4e0d\u5982 MeMe \u5e01\u7684\u9b54\u5492\u5728\u6b64\u4e00\u4e3e\u4e86\u3002<\/p>\n
\u4e0d\u8fc7\uff0c\u7406\u60f3\u5f88\u7f8e\u597d\uff0c\u8981\u60f3\u8ba9\u4e3b\u6d41\u57fa\u91d1\u6d41\u5165\u751f\u6001\uff0c\u5e26\u52a8 web3 \u7684\u521b\u4e1a\u751f\u6001\u5e76\u4e0d\u5bb9\u6613\u3002\u7f8e\u56fd\u4f17\u8bae\u5458\u901a\u8fc7\u7684\u300a21 \u4e16\u7eaa\u91d1\u878d\u521b\u65b0\u4e0e\u79d1\u6280\u6cd5\u6848\u300b\u7b80\u79f0 FIT21 \u7684\u901a\u8fc7\uff0c\u4fe1\u606f\u542b\u91cf\u5f88\u5927\uff0c\u8be5\u6cd5\u6848\u660e\u786e\u63d0\u51fa\u8981\u63d0\u4f9b\u5173\u952e\u7684\u6d88\u8d39\u8005\u4fdd\u62a4\u5e76\u4fc3\u8fdb\u7f8e\u56fd\u6570\u5b57\u8d44\u4ea7\u751f\u6001\u7cfb\u7edf\u7684\u521b\u65b0\u3002\u6d45\u6d45\u89e3\u8bfb\u4e00\u4e0b\uff1a<\/p>\n
1\u3001CFTC \u7f8e\u56fd\u5546\u54c1\u671f\u8d27\u4ea4\u6613\u59d4\u5458\u4f1a\u6709\u4e86\u66f4\u5927\u7684\u76d1\u7ba1\u6743\u529b\uff0c\u6570\u5b57\u865a\u62df\u8d44\u4ea7\u5728\u300c\u5546\u54c1\u2018\u5c5e\u6027\u4e0b\u76d1\u7ba1\u4f1a\u66f4\u7075\u6d3b\u81ea\u7531\uff0c\u8fd9\u662f\u653f\u7b56\u7aef\u573a\u957f\u671f\u300c\u7a33\u5b9a\u300d\u5c11\u53d8\u6570\u7684\u57fa\u7840\uff1b<\/p>\n
2\u3001\u300c\u5408\u89c4\u300d\u4f1a\u6210\u4e3a Crypto \u6570\u5b57\u751f\u6001\u53d1\u5c55\u7684\u4e3b\u65cb\u5f8b\uff0c\u5305\u62ec\u5bf9\u53d1\u884c\u8d44\u4ea7\u7684\u6d41\u7a0b\u548c\u6807\u51c6\u89c4\u8303\u7b49\u5236\u5ea6\u4f53\u7cfb\u5efa\u8bbe\uff0c\u8fd9\u610f\u5473\u7740\u865a\u62df\u8d44\u4ea7\u751f\u6001\u4f1a\u5206\u4e3a\u4e24\u4e2a\u6781\u7aef\uff1a<\/p>\n
\u8fce\u5408\u5408\u89c4\u7684\u4f1a\u9010\u6b65\u5728 KYC\u3001\u53cd\u6d17\u94b1\u7b49\u5173\u952e\u95ee\u9898\u4e0a\u627e\u5230\u89e3\u51b3\u65b9\u6848\uff0c\u4f1a\u76f4\u63a5\u5f97\u5230 ETF \u589e\u76ca Buff\uff0c\u4e0d\u8fce\u5408\u5408\u89c4\u7684\u4f1a\u88ab\u52a0\u5927\u529b\u5ea6\u5236\u88c1\u548c\u6253\u51fb\uff0c\u4f1a\u9010\u6e10\u5f52\u4e8e\u5c0f\u4f17\u5e02\u573a\uff08\u6bd4\u5982\uff1aTornado\uff09\uff1b\u8fd8\u8bb0\u5f97\uff0c21 \u5e74\u90a3\u6ce2\u673a\u6784\u6d8c\u5165\u5e74\uff0c\u6211\u4eec\u5c31\u5b9a\u4e49\u5e02\u573a\u4e3a\u5408\u89c4\u5143\u5e74\u4e86\uff0c\u7136\u800c FTX\u3001Luna \u4e8b\u4ef6\u7684\u610f\u5916\u53d1\u751f\u8ba9\u8fd9\u4e00\u5919\u613f\u88ab\u5ef6\u8fdf\u3002ETF \u7684\u901a\u8fc7\uff0c\u300c\u5408\u89c4\u300d\u95ee\u9898\u7ec8\u7a76\u8fd8\u662f\u5f97\u9762\u5bf9\u3002<\/p>\n
3\u3001\u7f8e\u56fd ZF \u6216\u8005\u8d22\u9600\u4f1a\u5728\u7a33\u5b9a\u5e01\u3001\u4ea4\u6613\u6240\u3001\u6570\u5b57\u8d44\u4ea7\u6258\u7ba1\u673a\u6784\u3001\u652f\u4ed8\u5e73\u53f0\u7b49\u5173\u952e\u9886\u57df\u5f3a\u52bf\u300c\u5e72\u6d89\u300d\uff0c\u77ed\u671f\u76f4\u63a5\u505a\u6bd4\u5982\u76f4\u63a5\u6cd5\u7a33\u5b9a\u5e01\u7684\u6982\u7387\u8f83\u4f4e\uff0c\u4f46\u4e0d\u6392\u9664\u5176\u95f4\u63a5\u901a\u8fc7\u53d1\u724c\u7167\u7b49\u65b9\u5f0f\u505a\u5e55\u540e\u63a7\u76d8\u624b\u3002<\/p>\n
3\uff09\u82e5\u4ee5\u4e0a\u731c\u60f3\u88ab\u8a00\u4e2d\uff0c\u53ef\u4ee5\u9884\u89c1\uff1a<\/p>\n
\u77ed\u671f Crypto \u4e8c\u7ea7\u5e02\u573a\u4f1a\u4e24\u7ea7\u5206\u5316\uff0c\u4e00\u4e9b\u5e55\u540e\u6697\u5e84\u4f1a\u5728\u4e00\u7cfb\u5217\u89c4\u8303\u6cd5\u6848\u51fa\u53f0\u524d\u52a0\u5927\u529b\u5ea6\u7092\u4f5c\uff0cMeMe \u5e01\u548c\u90e8\u5206\u4e3b\u6d41\u5e01\u4f1a\u6709\u9ad8\u6ce2\u52a8\u7387\uff0c\u5c71\u5be8\u4f1a\u72c2\u821e\uff1b<\/p>\n
\u4e2d\u671f\u770b\uff0c\u4e00\u4e9b\u5934\u90e8 DeFi\u3001\u7a33\u5b9a\u5e01\u4ee5\u53ca\u4ea4\u6613\u6240\u7b49\u4f1a\u66f4\u52a0\u52a0\u5927\u5408\u89c4\u529b\u5ea6\uff0c\u5408\u89c4\u5bfc\u5411\u597d\u7684\u4ef7\u503c\u6807\u7684\u4f1a\u6709\u4e0d\u9519\u7684\u5e02\u573a\u8868\u73b0\uff0c\u53cd\u4e4b\u5219\u622a\u7136\u76f8\u53cd\uff0c\u4f1a\u9010\u6e10\u5931\u53bb\u4ef7\u503c\u652f\u6491\uff1b<\/p>\n
\u957f\u671f\u770b\uff0cCrypto \u653f\u6cbb\u8272\u5f69\u4f1a\u5e26\u52a8\u52a0\u5bc6\u5e02\u573a\u4e00\u70b9\u70b9\u8fce\u5408 web2 \u5e02\u573a\u7684\u54c1\u5473\u504f\u597d\uff0c\u8fd9\u4e5f\u8bb8\u4f1a\u8ba9\u4e00\u90e8\u5206\u79c9\u627f\u9ad8\u5ea6\u53bb\u4e2d\u5fc3\u5316\u7684\u539f\u6559\u65e8\u4e3b\u4e49\u5931\u671b\uff0c\u4f46\u671f\u5f85\u653f\u7b56\u5e26\u5229\u597d\uff0c\u548c\u88ab\u653f\u7b56\u6309\u5730\u4e0a\u6469\u64e6\u672c\u5c31\u662f\u628a\u53cc\u5203\u5251\u3002<\/p>\n
web3 native \u4e5f\u4e0d\u662f\u6253\u7740\u53bb\u4e2d\u5fc3\u5316\u540d\u4e49\u8bc8\u9a97\u6d17\u94b1\u7684\u4fdd\u62a4\u4f1e\uff0c\u5728\u5408\u89c4\u5927\u68d2\u4e0b\uff0c\u4eba\u7fa4\u793e\u533a\u5206\u5316\uff0c\u4ea7\u54c1\u5c42\u7ea7\u5316\u662f\u5927\u52bf\u6240\u8d8b\uff0cCrypto \u4e00\u4e9b\u5f88\u590d\u6742\u7684\u6280\u672f\u548c\u534f\u8bae\uff0c\u76d1\u7ba1\u4e5f\u5f88\u96be\u5de6\u53f3\uff0c\u4f46\u662f\u5e02\u573a\u53ea\u4f1a\u7ad9\u961f\u6700\u4e3b\u6d41\u7684\u90a3\u6761\u53d1\u5c55\u8def\u7ebf\u3002\uff08\u9009\u62e9\u6743\u5176\u5b9e\u5728\u5e02\u573a\u3002<\/p>\n
\u603b\u4e4b\uff0c\u6216\u662f\u6295\u673a\u4e3b\u4e49\u8005\u7684\u6700\u540e\u72c2\u6b22\uff0c\u6216\u662f\u76d1\u7ba1\u5229\u5251\u7684\u4e00\u70b9\u70b9\u7684\u5a01\u538b\uff0c\u6216\u8005\u9ad8\u6ce2\u52a8\u6027\u88ab\u7ea6\u675f\u540e\u7684\u6295\u673a\u4eba\u7fa4\u7684\u6d41\u5931\u7b49\u7b49\u3002\u6bcf\u4e2a\u4eba\u5fc3\u76ee\u4e2d\u90fd\u6709\u81ea\u5df1\u7684 Crypto \u53d1\u5c55\u613f\u666f\u3002\u6574\u4f53\u800c\u8a00\uff0c\u653f\u6cbb\u7275\u5f15\u4e0b\u7684 Crypto \u5e02\u573a\u4e00\u5b9a\u4e0d\u518d\u7ef4\u7cfb\u5f53\u521d\u7eaf\u7cb9\u300c\u53bb\u4e2d\u5fc3\u5316\u300d\u7684\u68a6\u60f3\uff0c\u4f46\u5374\u80fd\u8ba9\u591a\u5e74\u6765\u6df7\u5e8f\u53d1\u5c55\u7684 Crypto \u5e02\u573a\u62e5\u6709\u5254\u9664\u7cdf\u7c95\uff0c\u8ba9\u4e3b\u6d41\u4ef7\u503c\u5e01\u6709\u53d1\u5149\u53d1\u4eae\u7684\u53ef\u80fd\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"
\u5982\u4f55\u770b\u5f85\u4ee5\u592a\u574a ETF \u88ab\u901a\u8fc7\u4e4b\u540e\u7684\u540e\u5e02\u884c\u4e1a\u53d1\u5c55\u53d8\u5c40\uff1f\u5148\u8bf4\u7ed3\u8bba\uff1a\u5728\u6211\u770b\u6765\uff0c\u5e02\u573a\u4f1a\u8fce\u6765\u8f83\u957f\u65f6\u95f4\u7684\u300c\u5c71\u5be8\u300d\u5b63\uff0c\u725b\u5e02 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-551","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=551"}],"version-history":[{"count":0,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/551\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=551"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}