{"id":805,"date":"2025-03-21T03:05:19","date_gmt":"2025-03-20T19:05:19","guid":{"rendered":"https:\/\/www.db-hk.com\/?p=805"},"modified":"2025-03-21T03:05:19","modified_gmt":"2025-03-20T19:05:19","slug":"%e5%8d%81%e5%b9%b4%e4%bb%8eico%e5%88%b0etf%ef%bc%8c%e4%bb%a5%e5%a4%aa%e5%9d%8a%e7%8e%b0%e8%b4%a7etf%e6%ad%a3%e5%bc%8f%e8%8e%b7%e6%89%b9%e4%b8%8a%e5%b8%82","status":"publish","type":"post","link":"http:\/\/www.fubairui.net\/?p=805","title":{"rendered":"\u5341\u5e74\u4eceICO\u5230ETF\uff0c\u4ee5\u592a\u574a\u73b0\u8d27ETF\u6b63\u5f0f\u83b7\u6279\u4e0a\u5e02"},"content":{"rendered":"<p>7 \u6708 23 \u65e5\uff0c\u636e SEC \u5b98\u65b9\u4fe1\u606f\u663e\u793a\uff0c\u5176\u5df2\u6b63\u5f0f\u6279\u51c6\u591a\u4e2a ETF \u53d1\u884c\u5546\u7684 S-1 \u7533\u8bf7\uff0c\u4ee5\u592a\u574a\u73b0\u8d27 ETF 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\u7684\u7533\u8bf7\u3002\u7ee7\u4eca\u5e74 1 \u6708\u7f8e SEC \u6279\u51c6\u73b0\u8d27\u6bd4\u7279\u5e01 ETF \u4e4b\u540e\uff0c\u73b0\u8d27\u4ee5\u592a\u574a ETF \u7684\u6279\u51c6\u6807\u5fd7\u7740\u52a0\u5bc6\u8d27\u5e01\u7684\u53c8\u4e00\u4e2a\u91cd\u8981\u91cc\u7a0b\u7891\uff0c\u53cd\u6620\u4e86\u56f4\u7ed5\u52a0\u5bc6\u8d44\u4ea7\u7684\u6301\u7eed\u521b\u65b0\u548c\u65e5\u76ca\u6210\u719f\u7684\u76d1\u7ba1\u73af\u5883\u3002Coinbase \u4e5f\u6210\u4e3a 10 \u652f\u6bd4\u7279\u5e01\u73b0\u8d27 ETF \u548c 8 \u652f\u65b0\u6279\u51c6\u7684\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u7684\u503c\u5f97\u4fe1\u8d56\u7684\u5408\u4f5c\u4f19\u4f34\u548c\u6258\u7ba1\u65b9\u3002<\/p>\n<p>\u5f6d\u535a ETF \u5206\u6790\u5e08 Eric Balchunas \u5728\u793e\u4ea4\u5a92\u4f53\u53d1\u6587\u8868\u793a\uff0c\u300c\u8d1d\u83b1\u5fb7\u7f8e\u56fd\u4e3b\u9898\u548c\u4e3b\u52a8\u578b ETF \u4e3b\u7ba1 Jay Jacobs 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\u9996\u5148\u83b7\u5f97\u6279\u51c6\uff0c\u5438\u5f15\u4e86\u66f4\u591a\u5173\u6ce8\uff1b\u7f8e\u56fd\u73b0\u8d27 ETF \u6279\u51c6\u524d\uff0c\u6bd4\u7279\u5e01\u7684\u4ea4\u6613\u6240\u4ea4\u6613\u4ea7\u54c1\uff08ETP\uff09\u5e02\u573a\u89c4\u6a21\u5927\u4e8e\u4ee5\u592a\u574a\uff1b\u7f3a\u4e4f\u8d28\u62bc\u529f\u80fd\u4f7f\u5f97\u4ee5\u592a\u574a ETF \u76f8\u5bf9\u4e0d\u90a3\u4e48\u6709\u5438\u5f15\u529b\uff1b\u6bd4\u7279\u5e01\u4f5c\u4e3a\u91d1\u878d\u8d44\u4ea7\u7684\u76f8\u5173\u6027\u66f4\u5f3a\uff0c\u800c\u4ee5\u592a\u574a\u5219\u66f4\u591a\u5730\u5173\u6ce8\u53bb\u4e2d\u5fc3\u5316\u5e94\u7528\u7a0b\u5e8f\uff08dApp\uff09\u548c\u94fe\u4e0a\u4f7f\u7528\u3002\u300d<\/p>\n<p>\u505a\u5e02\u5546 Wintermute \u8ba4\u4e3a\uff0c\u4ee5\u592a\u574a ETF \u5728\u672a\u6765\u4e00\u5e74\u5185\u6700\u591a\u80fd\u4ece\u6295\u8d44\u8005\u5904\u5438\u5f15 40 \u4ebf\u7f8e\u5143\u7684\u8d44\u91d1\u6d41\u5165\u3002Wintermute \u9884\u8ba1\uff0c\u5728\u8fd9\u4e9b\u8d44\u91d1\u6d41\u5165\u7684\u63a8\u52a8\u4e0b\uff0c\u4ee5\u592a\u574a\u7684\u4ef7\u683c\u5728\u672a\u6765 12 \u4e2a\u6708\u5185\u53ef\u80fd\u4e0a\u6da8\u591a\u8fbe 24%\u3002<\/p>\n<p>\u622a\u6b62\u64b0\u7a3f\u65f6\uff0c\u4ee5\u592a\u574a\u7684\u4ef7\u683c\u4e3a 3445 \u7f8e\u5143\uff0c24 \u5c0f\u65f6\u8dcc\u5e45 2.5%\uff0c\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u901a\u8fc7\u7684\u5229\u597d\u4f3c\u4e4e\u5df2\u7ecf\u63d0\u524d\u5151\u73b0\u3002<\/p>\n<p>\u5341\u5e74\u524d\u7684 2014 \u5e74 7 \u6708 22 \u65e5\uff0c\u4ee5\u592a\u574a\u6b63\u5f0f\u542f\u52a8 ICO \u878d\u8d44\uff0c\u56e2\u961f\u5f53\u65f6\u901a\u8fc7\u9884\u552e ETH \u7684\u65b9\u5f0f\u7b79\u96c6\u8d44\u91d1\uff0c\u603b\u5171\u7b79\u96c6\u5230 31,529 \u679a\u6bd4\u7279\u5e01\uff08\u5151\u6362\u6bd4\u4f8b\u4e3a 1 \u6bd4\u7279\u5e01\u5151\u6362 2000 \u4ee5\u592a\u574a\uff09\uff0c\u6309\u7167\u5f53\u65f6\u7684\u5e02\u4ef7\u8ba1\u7b97\uff0c\u7b79\u96c6\u8d44\u91d1\u8d85\u8fc7 1800 \u4e07\u7f8e\u5143\u3002<\/p>\n<p>\u4e24\u4e2a\u6708\u524d\uff0c\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u4ece\u65e0\u4eba\u770b\u597d\u3001\u901a\u8fc7\u7387\u4ec5\u6709 7% \u5230\u4e00\u591c\u4e4b\u95f4\u901a\u8fc7\u7387\u98d9\u5347\u81f3 75%\uff0c5 \u6708 24 \u65e5\u51cc\u6668\uff0c\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\u6279\u51c6\u4e86\u591a\u4e2a\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u7684 19b-4 \u8868\u683c\uff0c\u5176\u4e2d\u5305\u62ec\u8d1d\u83b1\u5fb7\u3001\u5bcc\u8fbe\u548c\u7070\u5ea6\u7684 ETF\u3002<\/p>\n<p>\u4eca\u65e5\uff0c\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u6b63\u5f0f\u83b7\u6279\u4e0a\u5e02\u4ea4\u6613\uff0c\u829d\u52a0\u54e5\u671f\u6743\u4ea4\u6613\u6240\uff08CBOE\uff09\u3001\u7eb3\u65af\u8fbe\u514b\u4ea4\u6613\u6240\u548c\u7ebd\u7ea6\u8bc1\u5238\u4ea4\u6613\u6240\u90fd\u505a\u597d\u4e86\u4ea4\u6613\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u7684\u51c6\u5907\u3002<\/p>\n<p><strong>\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u901a\u8fc7\u514b\u670d\u4e86\u4ec0\u4e48\u56f0\u96be\uff1f<\/strong><\/p>\n<p><strong>\u8bc1\u5238\u5c5e\u6027\u4e0e POS \u5fe7\u8651<\/strong><\/p>\n<p>\u8fd1\u534a\u5e74\u6765\uff0c\u4ee5\u592a\u574a ETF \u7684\u6279\u51c6\u8fdb\u5c55\u4e00\u76f4\u7275\u52a8\u7684\u793e\u533a\u7684\u5fc3\uff0c\u672c\u6b21\u901a\u8fc7\u4e4b\u540e\uff0c\u6b64\u524d\u7684\u6570\u6b21\u8d1f\u9762\u89c2\u70b9\u4e5f\u88ab\u88ab\u4e00\u4e00\u56de\u5e94\u3002\u4e0e\u6bd4\u7279\u5e01 ETF \u4e0d\u540c\uff0c\u4ee5\u592a\u574a ETF \u7684\u6279\u51c6\u4e4b\u8def\u66fe\u7ecf\u5386\u91cd\u91cd\u963b\u788d\u3002<\/p>\n<p>\u7531\u4e8e\u4ee5\u592a\u574a\u5728 2014 \u5e74\u8fdb\u884c\u4e86 IC0\uff0c\u7b79\u96c6\u4e86\u8d44\u91d1\uff0c\u8fd9\u79cd\u878d\u8d44\u884c\u4e3a\u4f7f ETH \u53ef\u80fd\u88ab\u89c6\u4e3a\u5177\u6709\u8bc1\u5238\u5c5e\u6027\u7684\u8d44\u4ea7\u3002\u6b64\u5916\uff0c\u7531\u4e8e\u4ee5\u592a\u574a\u7406\u8bba\u4e0a\u6ca1\u6709\u603b\u91cf\u4e0a\u9650\u3002\u5728 PoS \u673a\u5236\u4e0b\uff0cETH \u7684\u589e\u53d1\u4e0e\u7f51\u7edc\u6d3b\u8dc3\u5ea6\u76f8\u5173\uff0c\u5927\u8d44\u91d1\u6301\u6709\u8005\u7684\u884c\u4e3a\u6709\u53ef\u80fd\u5f15\u8d77 ETH \u4ef7\u683c\u6ce2\u52a8\uff0c\u6839\u636e Glassnode \u6b64\u524d\u7684\u7edf\u8ba1\uff0c\u8fd1 55% \u7684 ETH \u4f9b\u5e94\u7531 1041 \u4e2a\u5730\u5740\u6301\u6709\uff0c\u8fd9\u4e9b\u5730\u5740\u53ef\u4ee5\u663e\u8457\u5f71\u54cd\u4ee5\u592a\u574a\u7f51\u7edc\u7684\u5347\u7ea7\u548c\u8fd0\u8425\u3002<\/p>\n<p>\u8fd9\u4e00\u70b9\u4e5f\u8ba9 SEC \u8ba4\u4e3a ETH \u7684\u6301\u6709\u8005\u96c6\u4e2d\u5ea6\u8f83\u9ad8\u4f1a\u589e\u52a0\u5e02\u573a\u64cd\u7eb5\u7684\u98ce\u9669\u3002Galaxy Digital \u5168\u516c\u53f8\u7814\u7a76\u4e3b\u7ba1 Alex Thorn \u66fe\u5c45\u636e\u6b64\u5bf9\u4ee5\u592a\u574a ETF \u7684\u6279\u51c6\u6301\u60b2\u89c2\u6001\u5ea6\u3002<\/p>\n<p>\u636e Alex \u7684\u62a5\u544a\u4e2d\u900f\u9732\uff0c\u5728 2022 \u5e74 9 \u6708\u4ee5\u592a\u574a\u8f6c\u5411\u79f0\u4e3a\u300c\u6743\u76ca\u8bc1\u660e\uff08POS\uff09\u300d\u7684\u65b0\u6cbb\u7406\u6a21\u5f0f\u540e\uff0c\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a (SEC) \u5bf9\u603b\u90e8\u4f4d\u4e8e\u745e\u58eb\u7684\u4ee5\u592a\u574a\u57fa\u91d1\u4f1a\u5f00\u542f\u4e86\u8c03\u67e5\u3002<\/p>\n<p>\u300c\u6743\u76ca\u8bc1\u660e\u300d\u5c3d\u7ba1\u80fd\u591f\u5e2e\u52a9\u4ee5\u592a\u574a\u6446\u8131\u80fd\u6e90\u6d6a\u8d39\u7684\u7f3a\u9677\uff0c\u4f7f\u7528\u4f9d\u8d56\u4e8e\u53ef\u4fe1\u9a8c\u8bc1\u8005\u7f51\u7edc\u7684\u6a21\u578b\uff0c\u4f46\u4e8b\u5b9e\u4e0a\u4e3a SEC \u63d0\u4f9b\u4e86\u4e00\u4e2a\u65b0\u7684\u501f\u53e3\u6765\u5c1d\u8bd5\u5c06\u4ee5\u592a\u574a\u5b9a\u4e49\u4e3a\u4e00\u79cd\u8bc1\u5238\u3002<\/p>\n<p>\u4f5c\u4e3a\u59a5\u534f\uff0c\u6b64\u6b21\u7533\u8bf7 ETF \u7684\u516c\u53f8\u5982 Ark Invest\u300121Shares\u3001\u8d1d\u83b1\u5fb7\u7b49\u5df2\u7ecf\u5728\u5176 ETF \u63d0\u6848\u4e2d\u5220\u9664\u4e86\u8d28\u62bc\u90e8\u5206\uff0c\u8868\u793a\u4e0d\u4f1a\u8d28\u62bc\u4fe1\u6258\u7684\u90e8\u5206\u8d44\u4ea7\u3002\u8fd9\u4e00\u63aa\u65bd\u51cf\u5c11\u4e86 ETH \u88ab\u89c6\u4e3a\u8bc1\u5238\u7684\u98ce\u9669\uff0c\u56e0\u4e3a\u8d28\u62bc\u53ef\u80fd\u6d89\u53ca\u5bf9\u672a\u6765\u6536\u76ca\u7684\u671f\u5f85\uff0c\u800c\u8fd9\u6070\u6070\u662f\u8bc1\u5238\u5c5e\u6027\u7684\u4e00\u4e2a\u7279\u5f81\u3002<\/p>\n<p><strong>\u9999\u6e2f\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u7684\u524d\u594f<\/strong><\/p>\n<p>\u56de\u987e\u8fd9\u4e00\u5e74\u7684\u52a0\u5bc6\u884c\u60c5\uff0c\u76f8\u8f83\u6bd4\u7279\u5e01\u7684\u5f3a\u52bf\u6765\u8bf4\uff0c\u4ee5\u592a\u574a\u663e\u5f97\u975e\u5e38\u5f31\u52bf\u3002\u4ef7\u683c\u4e0e\u6da8\u5e45\u524d\u6bd4\u4e0d\u8fc7\u6bd4\u7279\u5e01\uff0c\u540e\u6bd4\u4e0d\u8fc7\u5c71\u5be8\u5e01\u3002\u8fd9\u6bb5\u65f6\u95f4\u5185\uff0c\u9999\u6e2f\u9010\u6e10\u8f6c\u53d8\u4e3a\u5bf9\u52a0\u5bc6\u8d27\u5e01\u66f4\u52a0\u53cb\u597d\u7684\u653f\u7b56\u7acb\u573a\uff0c\u4f7f\u5176\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u5374\u7387\u5148\u4e8e\u7f8e\u56fd\u83b7\u6279\uff0c\u8fd9\u4e3a\u4ee5\u592a\u574a\u5e26\u6765\u4e86\u5de8\u5927\u7684\u5229\u597d\u3002<\/p>\n<p>2024 \u5e74 4 \u6708 15 \u65e5\uff0c\u9999\u6e2f\u8bc1\u76d1\u4f1a\u6b63\u5f0f\u516c\u793a\u865a\u62df\u8d44\u4ea7\u73b0\u8d27 ETF \u83b7\u6279\u540d\u5355\uff0c\u534e\u590f\uff08\u9999\u6e2f\uff09\u3001\u5609\u5b9e\u56fd\u9645\u3001\u535a\u65f6\u56fd\u9645\u65d7\u4e0b\u6bd4\u7279\u5e01\u73b0\u8d27 ETF\u3001\u4ee5\u592a\u5e01\u73b0\u8d27 ETF \u5728\u5217\u3002<\/p>\n<p>\u8fd9 6 \u53ea\u73b0\u8d27 ETF \u4ea7\u54c1\u4e8e 4 \u6708 25 \u65e5\u81f3 26 \u65e5\u5f00\u542f\u6253\u65b0\u8ba4\u8d2d\uff0c4 \u6708 30 \u65e5\u5728\u9999\u6e2f\u4ea4\u6613\u6240\u4e0a\u5e02\uff0c\u8fd9\u4e5f\u662f\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u9996\u6b21\u767b\u9646\u5927\u578b\u4ea4\u6613\u6240\u3002<\/p>\n<p>\u76ee\u524d\u9999\u6e2f\u73b0\u8d27\u52a0\u5bc6\u8d27\u5e01 ETF \u4e3b\u8981\u7531\u534e\u590f\u57fa\u91d1\uff08\u9999\u6e2f\uff09\u3001\u535a\u65f6\u57fa\u91d1\uff08\u56fd\u9645\uff09\u4ee5\u53ca\u5609\u5b9e\u56fd\u9645\u4e09\u5bb6\u540c\u6b65\u53d1\u884c\uff0c\u5206\u522b\u5305\u62ec\u535a\u65f6 HashKey \u6bd4\u7279\u5e01 ETF\uff0803008\uff09\u3001\u535a\u65f6 HashKey \u4ee5\u592a\u5e01 ETF\uff0803009\uff09\u3001\u534e\u590f\u6bd4\u7279\u5e01 ETF\uff0803042\uff09\u3001\u534e\u590f\u4ee5\u592a\u5e01 ETF\uff0803046\uff09\u3001\u5609\u5b9e\u6bd4\u7279\u5e01\u73b0\u8d27 ETF\uff0803439\uff09\u4ee5\u53ca\u5609\u5b9e\u4ee5\u592a\u5e01\u73b0\u8d27 ETF\uff0803179\uff09\u3002<\/p>\n<p>\u5728\u793e\u533a\u7684\u7814\u7a76\u5206\u6790\u4e2d\uff0c\u9999\u6e2f\u6bd4\u6b27\u7f8e\u66f4\u65e9\u6279\u51c6\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u7684\u539f\u56e0\u4e0d\u4ec5\u5f52\u529f\u4e8e\u5176\u7075\u6d3b\u7684\u76d1\u7ba1\u73af\u5883\u548c\u5bf9\u91d1\u878d\u521b\u65b0\u7684\u5f00\u653e\u6001\u5ea6\uff0c\u8fd8\u53d7\u5230\u5f3a\u70c8\u7684\u5e02\u573a\u9a71\u52a8\u529b\u3001\u5730\u7406\u548c\u6218\u7565\u4f18\u52bf\u4ee5\u53ca\u5148\u4e00\u6b65\u62a2\u593a\u5b9a\u4ef7\u6743\u7b49\u5173\u952e\u56e0\u7d20\u7684\u5f71\u54cd\u3002<\/p>\n<p>\u867d\u7136\u6700\u521d\u4e0d\u5c11\u793e\u533a\u6210\u5458\u5bf9\u6b64\u4e8b\u5e76\u4e0d\u611f\u5230\u4e50\u89c2\uff0c\u8ba4\u4e3a\u4ece\u5e02\u573a\u89d2\u5ea6\u6765\u8bf4\uff0c\u5e76\u6ca1\u6709\u4f5c\u7528\u3002\u800c\u5982\u4eca\u7f8e\u56fd SEC \u5bf9\u4ee5\u592a\u574a\u6001\u5ea6\u5927\u8f6c\u53d8\u6279\u51c6 VanEck \u7684\u7533\u8bf7\uff0c\u5373\u4f7f\u4ec5\u901a\u8fc7 19b-4 \u6587\u4ef6\u5e76\u4e0d\u4fdd\u8bc1\u6700\u7ec8 ETF \u7684\u83b7\u6279\uff0c\u4f46\u5728\u5982\u6b64\u75af\u72c2\u7684\u5e02\u573a\u4e0b\uff0c\u4efb\u4f55\u5229\u597d\u56e0\u7d20\u90fd\u80fd\u88ab\u5f53\u4f5c\u4e00\u4e2a\u5de8\u5927\u80dc\u5229\u3002\u4e5f\u8bb8\u6b63\u5982\u9999\u6e2f\u6570\u7801\u6e2f\u8463\u4e8b\u5b54\u5efa\u5e73\u6240\u8bf4\uff0c\u300c\u9999\u6e2f\u7387\u5148\u901a\u8fc7\u4ee5\u592a\u574a ETF\uff0c\u662f\u4ee5\u592a\u574a\u7684\u6551\u547d\u7a3b\u8349\u300d\u3002<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.web3sj.com\/wp-content\/uploads\/2024\/07\/5-1721698875937.webp\" alt=\"\u5341\u5e74\u4eceICO\u5230ETF\uff0c\u4ee5\u592a\u574a\u73b0\u8d27ETF\u6b63\u5f0f\u83b7\u6279\u4e0a\u5e02\" \/><img decoding=\"async\" class=\"j-lazy\" src=\"https:\/\/www.web3sj.com\/wp-content\/themes\/justnews\/themer\/assets\/images\/lazy.png\" data-original=\"https:\/\/www.web3sj.com\/wp-content\/uploads\/2024\/07\/5-1721698875937.webp\" alt=\"\u5341\u5e74\u4eceICO\u5230ETF\uff0c\u4ee5\u592a\u574a\u73b0\u8d27ETF\u6b63\u5f0f\u83b7\u6279\u4e0a\u5e02\" \/><\/figure>\n<p><strong>\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u901a\u8fc7\u4f1a\u4ea7\u751f\u54ea\u4e9b\u5f71\u54cd<\/strong><\/p>\n<p>\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u7684\u6279\u51c6\u53ef\u80fd\u662f\u51fa\u4e4e\u610f\u6599\u7684\u4e8b\u60c5\uff0c\u8fd9\u4e0e\u6bd4\u7279\u5e01\u73b0\u8d27 ETF \u4e0d\u540c\uff0c\u6295\u8d44\u8005\u65e9\u5728\u6bd4\u7279\u5e01\u73b0\u8d27 ETF \u83b7\u6279\u7684\u534a\u5e74\u524d\u4fbf\u5f00\u59cb\u5e03\u5c40\uff0c\u5e76\u51fa\u73b0\u4e86\u5927\u89c4\u6a21\u8d44\u91d1\u6d41\u5165\u3002\u4f46\u5bf9\u4e8e\u52a0\u5bc6\u884c\u4e1a\u800c\u8a00\u4ee5\u592a\u574a\u73b0\u8d27 ETH \u83b7\u6279\u4ecd\u7136\u662f\u4e00\u4ef6\u91cc\u7a0b\u7891\u4e8b\u4ef6\uff0c\u800c\u5176\u5e26\u6765\u7684\u5f71\u54cd\u4e5f\u4e3a\u52a0\u5bc6\u884c\u4e1a\u7684\u672a\u6765\u53d1\u5c55\u5960\u5b9a\u4e86\u79ef\u6781\u7684\u57fa\u7840\u3002<\/p>\n<p><strong>\u5c71\u5be8\u5e01\u6709\u6551\u4e86\uff1f<\/strong><\/p>\n<p>\u73b0\u8d27 ETF \u7684\u901a\u8fc7\uff0c\u6700\u76f4\u63a5\u7684\u5f71\u54cd\u4f1a\u4f53\u73b0\u5728\u4ef7\u683c\u4e0a\u3002\u6bd4\u7279\u5e01\u81ea\u6279\u51c6\u73b0\u8d27 ETF \u540e\u6da8\u5e45\u8fbe 75%\uff0c\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u83b7\u6279\u4e4b\u540e\u5bf9\u4e8e ETH \u7684\u4ef7\u683c\u5f71\u54cd\u53ef\u89c1\u4e00\u6591\u3002\u4f46\u8fd9\u6b21\u4ee5\u592a\u574a ETF \u901a\u8fc7\u7684\u6d88\u606f\u6ca1\u6709\u7acb\u523b\u9707\u52a8\u5c71\u5be8\u5e01\u677f\u5757\uff0c\u76f8\u6bd4\u4e8e\u524d\u51e0\u65e5\u8fd8\u6709\u5fae\u8dcc\u3002<\/p>\n<p>\u6e23\u6253\u94f6\u884c\u5916\u6c47\u7814\u7a76\u548c\u6570\u5b57\u8d44\u4ea7\u7814\u7a76\u4e3b\u7ba1 Geoff Kendrick \u8868\u793a\uff1a\u300c\u83b7\u5f97\u6279\u51c6\u540e\uff0c\u6211\u4eec\u9884\u8ba1\u73b0\u8d27\u4ee5\u592a\u574a ETF \u5c06\u5728\u6279\u51c6\u540e\u7684\u524d 12 \u4e2a\u6708\u5185\u63a8\u52a8 239-915 \u4e07\u679a\u4ee5\u592a\u574a\u7684\u6d41\u5165\u3002\u300d\u4ed6\u8865\u5145\u9053\uff1a\u300c\u4ee5\u7f8e\u5143\u8ba1\u7b97\uff0c\u8fd9\u5927\u7ea6\u76f8\u5f53\u4e8e 150 \u4ebf\u81f3 450 \u4ebf\u7f8e\u5143\u8d44\u4ea7\u3002\u300d<\/p>\n<p>Kendrick \u8865\u5145\u9053\uff0c\u300c\u9274\u4e8e\u6211\u4eec\u73b0\u5728\u770b\u5230\u6bd4\u7279\u5e01\u5230 2024 \u5e74\u5e95\u5c06\u8fbe\u5230 150,000 \u7f8e\u5143\u7684\u6c34\u5e73\uff0c\u8fd9\u610f\u5473\u7740\u4ee5\u592a\u574a\u7684\u4ef7\u683c\u5c06\u8fbe\u5230 8000 \u7f8e\u5143\u3002\u300d<\/p>\n<p>\u9664\u4e86\u5bf9 ETH \u672c\u8eab\u7684\u4ef7\u683c\u4ea7\u751f\u5f71\u54cd\uff0c\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u8fd8\u4f1a\u5bf9\u5c71\u5be8\u5e02\u573a\u4ea7\u751f\u79ef\u6781\u5f71\u54cd\u3002\u56e0\u4e3a DEX \u4e2d\u7edd\u5bf9\u5927\u90e8\u5206\u5c71\u5be8\u90fd\u4ee5 ETH \u4f5c\u4e3a\u4ea4\u6613\u5bf9\uff0cETH \u7684\u4e0a\u6da8\u4f1a\u5e26\u6765\u5c71\u5be8\u5e01\u7684\u88ab\u52a8\u4e0a\u6da8\u3002<\/p>\n<p>\u9664\u6b64\u4e4b\u5916\uff0c\u5e02\u573a\u90e8\u5206\u89c2\u70b9\u8ba4\u4e3a\u968f\u7740\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u83b7\u6279\uff0c\u5bf9\u4e8e\u672a\u6765\u66f4\u591a\u52a0\u5bc6\u8d27\u5e01\u7533\u8bf7 ETF \u6709\u5f88\u5f3a\u7684\u501f\u9274\u610f\u4e49\u3002<\/p>\n<p><strong>\u52a0\u5bc6\u76d1\u7ba1\u653f\u7b56\u6216\u53d1\u751f\u8f6c\u53d8<\/strong><\/p>\n<p>\u4ee5\u592a\u574a\u73b0\u8d27 ETF 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