{"id":812,"date":"2025-03-22T12:41:19","date_gmt":"2025-03-22T04:41:19","guid":{"rendered":"https:\/\/www.db-hk.com\/?p=812"},"modified":"2025-03-22T12:41:19","modified_gmt":"2025-03-22T04:41:19","slug":"%e7%be%8e%e5%9b%bd%e4%bb%a5%e5%a4%aa%e5%9d%8a%e7%8e%b0%e8%b4%a7etf%e4%b8%8a%e5%b8%82%ef%bc%8c%e9%95%bf%e6%9c%9f%e6%84%8f%e4%b9%89%e5%a4%a7%e4%ba%8e%e7%9f%ad%e6%9c%9f%e5%bd%b1%e5%93%8d","status":"publish","type":"post","link":"http:\/\/www.fubairui.net\/?p=812","title":{"rendered":"\u7f8e\u56fd\u4ee5\u592a\u574a\u73b0\u8d27ETF\u4e0a\u5e02\uff0c\u957f\u671f\u610f\u4e49\u5927\u4e8e\u77ed\u671f\u5f71\u54cd"},"content":{"rendered":"
2024 \u5e74 7 \u6708 23 \u65e5\u7f8e\u56fd\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u6b63\u5f0f\u4e0a\u5e02\u4ea4\u6613\uff0c\u8ddd 2014 \u5e74 7 \u6708 22 \u65e5\u4ee5\u592a\u574a\u9996\u8f6e\u516c\u5f00\u53d1\u552e\uff08ICO\uff09\u6070\u597d 10 \u5468\u5e74\u6574\uff0c\u4ee5\u592a\u574a ETF \u7684\u4e0a\u5e02\u65e5\u671f\uff0c\u4e0d\u8bba\u662f\u7279\u610f\u9009\u62e9\u5728\u8fd9\u4e2a\u5177\u6709\u7eaa\u5ff5\u610f\u4e49\u7684\u65f6\u523b\uff0c\u8fd8\u662f\u5de7\u5408\uff0c\u8fd9\u4e00\u4e8b\u4ef6\u5bf9\u6574\u4e2a\u52a0\u5bc6\u4e16\u754c\u672a\u6765\u7684\u53ef\u6301\u7eed\u53d1\u5c55\uff0c\u90fd\u5c06\u5177\u6709\u53f2\u8bd7\u7ea7\u610f\u4e49\uff0c\u56e0\u4e3a\u5176\u8fc8\u51fa\u4e86 POS \u516c\u94fe\u8fdb\u5165\u4e3b\u6d41\u91d1\u878d\u4e16\u754c\u7684\u91cd\u8981\u4e00\u6b65\uff0c\u5fc5\u5c06\u5438\u5f15\u66f4\u591a\u7ef4\u5ea6\u548c\u6570\u91cf\u7684 builder \u4eec\u52a0\u5165\u4ee5\u592a\u574a\u751f\u6001\u7684\u5efa\u8bbe\uff0c\u66f4\u662f\u4e3a\u540e\u7eed\u5982 Solana \u7b49\u52a0\u5bc6\u4e16\u754c\u57fa\u7840\u8bbe\u65bd\u8fdb\u5165\u4e3b\u6d41\u4e16\u754c\u94fa\u5e73\u4e86\u9053\u8def\uff0c\u5bf9\u533a\u5757\u94fe\u751f\u6001\u5927\u4f17\u5316\u8fdb\u7a0b\u5177\u5907\u5b9e\u8d28\u6027\u610f\u4e49\u3002<\/p>\n
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\u4e0b\u6587\u5c06\u5bf9\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u4e0a\u5e02\u540e\uff0c\u77ed\u671f\u5bf9\u4ee5\u592a\u574a token \u4e70\u5356\u53cc\u65b9\u529b\u91cf\u7684\u5f71\u54cd\uff0c\u957f\u671f\u5bf9\u52a0\u5bc6\u751f\u6001\u7684\u5f71\u54cd\u4e24\u4e2a\u89d2\u5ea6\u8fdb\u884c\u5206\u6790\u3002<\/p>\n
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GBTC \u7ba1\u7406\u8d39\u7387 1.5%\uff0c\u4e3a\u7ade\u4e89\u5bf9\u624b\u7684 6 \u500d\u5de6\u53f3\uff0c\u4f7f\u5f97\u957f\u671f\u770b\u597d\u6bd4\u7279\u5e01\u8d44\u4ea7\u7684\u6295\u8d44\u4eba\u632a\u4ed3\u81f3\u5176\u4ed6 ETF\uff1b\u4e8c\u662f GBTC \u5728\u8f6c\u6362\u4e3a ETF \u524d\uff0c\u6298\u4ef7\u957f\u671f\u4fdd\u6301\u5728 20% \u5de6\u53f3\uff0c\u523a\u6fc0\u6295\u8d44\u4eba\u901a\u8fc7\u8d2d\u4e70\u6298\u4ef7\u7684 GBTC\uff0c\u573a\u5916\u5356\u7a7a BTC\uff0c\u6765\u5957\u5229\u6298\u4ef7\u7387\u3002\u5728\u4fe1\u6258\u8f6c\u6362\u4e3a ETF \u6298\u4ef7\u57fa\u672c\u6d88\u5931\u540e\uff0c\u8fd9\u7c7b\u5957\u5229\u8d44\u91d1\u5356\u51fa ETF\uff0c\u83b7\u5229\u4e86\u7ed3\u3002\u6839\u636e SoSoValue \u6570\u636e\uff0cGBTC \u51c0\u6d41\u51fa\uff0c\u81ea 1 \u6708 11 \u65e5\u6301\u7eed\u5230 5 \u6708 2 \u65e5\uff0c\u4e4b\u540e\u8d8b\u7f13\uff0c\u671f\u95f4\u5176\u6bd4\u7279\u5e01\u6301\u6709\u91cf\u51cf\u5c11\u4e86 53%\u3002<\/p>\n \u56fe 2\uff1aGBTC 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\u7684\u4ee5\u592a\u574a\uff0c\u4f5c\u4e3a\u8ff7\u4f60\u4fe1\u6258 ETH \u7684\u521d\u59cb\u8d44\u91d1\uff1b\u4e4b\u540e\u4e24\u53ea\u7070\u5ea6\u4ee5\u592a\u574a ETF \u5c06\u72ec\u7acb\u8fd0\u4f5c\u3002\u5bf9\u4e8e\u5df2\u7ecf\u6301\u6709 ETHE \u7684\u6295\u8d44\u4eba\u800c\u8a00\uff0c\u5728 7 \u6708 23 \u65e5\uff0c\u5176\u6301\u6709\u7684\u6bcf\u80a1\u4ee5\u592a\u574a\u4fe1\u6258 ETHE\uff0c\u90fd\u5c06\u81ea\u52a8\u83b7\u914d 1 \u80a1\u4ee5\u592a\u574a\u8ff7\u4f60\u4fe1\u6258 ETH\uff0c\u540c\u65f6 ETHE \u7684\u51c0\u503c\u8c03\u6574\u4e3a\u4e4b\u524d\u7684 90%\u3002\u8003\u8651 ETHE \u7684\u7ba1\u7406\u8d39\u7387\u4e3a 2.5%\uff1b\u8ff7\u4f60\u4fe1\u6258 ETH \u7684\u7ba1\u7406\u8d39\u7387 0.15%\uff08\u524d 6 \u4e2a\u6708 20 \u4ebf\u7f8e\u5143\u5185\u514d\u7ba1\u7406\u8d39\uff09\uff0c\u4e5f\u5c31\u662f\u8bf4\uff0c\u5bf9\u4e8e ETHE \u73b0\u6709\u6295\u8d44\u4eba\uff0c\u5176 10% \u7684\u8d44\u4ea7\u5c06\u81ea\u52a8\u914d\u7f6e\u5728\u4f4e\u8d39\u7387 ETF \u4e2d\u3002\u53c2\u8003 GBTC \u6700\u7ec8\u8d44\u91d1\u642c\u5bb6\u7684\u6bd4\u4f8b\u4e3a 50% \u5de6\u53f3\uff0c\u9884\u8ba1\u4ee5\u592a\u574a\u8ff7\u4f60\u4fe1\u6258 ETH \u7684\u5206\u62c6\u63a8\u51fa\uff0c\u7ba1\u7406\u8d39\u7684\u65e9\u9e1f\u4f18\u60e0\uff0c\u5c06\u7f13\u89e3\u7070\u5ea6 ETHE \u7684\u77ed\u671f\u8d44\u91d1\u6d41\u51fa\u538b\u529b\u3002<\/p>\n \u53e6\u4e00\u65b9\u9762\uff0c\u56e0\u4e3a ETHE \u6298\u4ef7\u63d0\u524d\u6536\u655b\uff0c\u6298\u4ef7\u5957\u5229\u76d8\u5e73\u4ed3\u5e26\u6765\u7684\u6d41\u51fa\u538b\u529b\u9884\u8ba1\u4e5f\u5c0f\u4e8e GBTC\u3002\u7070\u5ea6 ETHE \u4e00\u5ea6\u5927\u5e45\u6298\u4ef7\uff0c\u5728 22 \u5e74\u5e95\u65f6\u6298\u4ef7\u9ad8\u8fbe 60%\uff0c24 \u5e74 4-5 \u6708\u6298\u4ef7\u4e00\u5ea6\u8d85\u8fc7 20%\uff0c\u4f46\u4ece 5 \u6708\u5e95\u5f00\u59cb\u6298\u4ef7\u6536\u655b\u5230 1%-2%\uff0c\u5230 7 \u6708\u6536\u655b\u4e3a 1% \u4ee5\u5185\uff1b\u800c GBTC \u5728\u8f6c\u6362\u4e3a ETF \u524d 2 \u5929\uff081 \u6708 9 \u65e5\uff09\uff0c\u6298\u4ef7\u7387\u4ecd\u4fdd\u6301 6.5%\u3002\u56e0\u6b64\u5bf9\u4e8e\u5957\u5229\u76d8\u800c\u8a00\uff0cETHE \u83b7\u5229\u4e86\u7ed3\u52a8\u529b\u5927\u5927\u964d\u4f4e\u3002<\/p>\n \u56fe 3\uff1a\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u8d39\u7387\u5bf9\u6bd4\uff08\u6570\u636e\u6765\u6e90\uff1aS-1 \u6587\u4ef6\uff09<\/p>\n \u56fe 4\uff1a\u7070\u5ea6\u4ee5\u592a\u574a\u4fe1\u6258 ETHE \u5386\u53f2\u6298\u4ef7\uff08\u6570\u636e\u6765\u6e90\uff1aBloomberg\uff09<\/p>\n 2\u3001\u6765\u81ea\u80a1\u5e02\u7684\u4e70\u76d8\u529b\u91cf\uff1a\u5927\u4f17\u5bf9\u4ee5\u592a\u574a\u5171\u8bc6\u8fdc\u4e0d\u5982\u6bd4\u7279\u5e01\uff0c\u8d44\u4ea7\u914d\u7f6e\u52a8\u529b\u5c0f\u4e8e BTC \u73b0\u8d27 ETF<\/strong><\/p>\n \u5bf9\u4e8e\u5927\u4f17\u6295\u8d44\u4eba\u800c\u8a00\uff0c\u6bd4\u7279\u5e01\u903b\u8f91\u7b80\u5355\u6613\u61c2\uff0c\u5171\u8bc6\u5df2\u8fbe\u6210\uff1a\u6570\u5b57\u4e16\u754c\u7684\u9ec4\u91d1\uff0c\u7a00\u7f3a\u5ea6\u660e\u786e\uff0c\u603b\u91cf 2100 \u4e07\u679a\uff0c\u56e0\u6b64\u975e\u5e38\u7b26\u5408\u5176\u5df2\u6709\u7684\u6295\u8d44\u6846\u67b6\uff1b\u800c\u4ee5\u592a\u574a\u4f5c\u4e3a\u7b2c\u4e00\u5927\u57fa\u7840\u516c\u94fe\uff0c\u5176\u6316\u77ff\u673a\u5236\u76f8\u5bf9\u590d\u6742\uff0c\u53d1\u5c55\u53d7\u5230\u751f\u6001\u591a\u65b9\u529b\u91cf\u7684\u5f71\u54cd\u3002\u6700\u91cd\u8981\u662f\u4f5c\u4e3a\u6295\u8d44\u6807\u7684\u7684\u4f9b\u7ed9\u6570\u91cf\uff0c\u6d89\u53ca\u65f6\u65f6\u901a\u80c0\u901a\u7f29\uff0c\u8ba1\u7b97\u8fc7\u7a0b\u52a8\u6001\u590d\u6742\uff0c\u8ba4\u77e5\u95e8\u69db\u8f83\u9ad8\uff0c\u666e\u901a\u6295\u8d44\u4eba\u96be\u4ee5\u76f4\u89c2\u7406\u89e3\u3002\u7b80\u5355\u6765\u8bf4\uff0c\u4e00\u65b9\u9762\uff0c\u4ece\u4f9b\u7ed9\u89d2\u5ea6\uff0c\u4ee5\u592a\u574a\u539f\u5219\u4e0a\u4f9b\u5e94\u91cf\u65e0\u9650\uff0c\u5728\u6700\u65b0\u7684 POS \u673a\u5236\u4e0b\uff0c\u533a\u5757\u5956\u52b1\u5e26\u6765\u7684\u8d28\u62bc\u6536\u76ca\u9a71\u52a8\u5176\u4f9b\u7ed9\u91cf\u589e\u52a0\uff0c\u94fe\u4e0a\u751f\u6001\u6d3b\u8dc3\u5ea6\u5f71\u54cd\u7684\u7528\u6237\u4ea4\u6613 Gas \u8d39\u71c3\u70e7\u9a71\u52a8\u5176\u4f9b\u7ed9\u91cf\u51cf\u5c11\uff0c\u8fdb\u800c\u5f62\u6210\u52a8\u6001\u7684\u4f9b\u9700\u5e73\u8861\u673a\u5236\uff1b\u6700\u65b0\u4f9b\u5e94\u91cf\u7ea6 1.2 \u4ebf\u679a\uff0c\u8fd1\u671f\u5e74\u5316\u901a\u80c0\u7387\u5728 0.6%-0.8%\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u4ece\u5e38\u89c4\u7684\u57fa\u672c\u9762\u89d2\u5ea6\uff0c\u662f\u5176\u4f5c\u4e3a\u516c\u94fe\uff0c\u9762\u4e34\u5176\u4ed6\u516c\u94fe\u7ade\u4e89\uff0c\u5bf9\u4e8e\u7ade\u4e89\u7ec8\u5c40\u5927\u4f17\u6295\u8d44\u4eba\u5e76\u6ca1\u6709\u4fe1\u4ef0\u3002\u5e02\u573a\u4e0a\u76ee\u524d\u6709 Solana\u3001Ton \u7b49\u516c\u94fe\u751f\u6001\uff0c\u4e5f\u4e3a\u5927\u4f17\u6295\u8d44\u4eba\u6240\u77e5\uff0c\u4f46\u662f\u5177\u4f53\u5206\u6790\u5176\u7ade\u4e89\u529b\uff0c\u5bf9\u4e8e\u5927\u4f17\u6295\u8d44\u4eba\u95e8\u69db\u6781\u9ad8\uff0c\u6240\u4ee5\u666e\u901a\u6295\u8d44\u4eba\u5982\u679c\u770b\u597d\u52a0\u5bc6\u8d27\u5e01\u7684\u6295\u8d44\u4ef7\u503c\uff0c\u53ef\u80fd\u8fd8\u662f\u4f1a\u9996\u9009\u914d\u7f6e\u4f9b\u7ed9\u7a00\u7f3a\u3001\u6ca1\u6709\u7ade\u4e89\u7684\u6bd4\u7279\u5e01\u73b0\u8d27 ETF\u3002<\/p>\n \u516c\u5f00\u6570\u636e\u4e5f\u663e\u793a\u4e86\u4ee5\u592a\u574a ETF \u548c\u6bd4\u7279\u5e01 ETF \u5b58\u5728\u663e\u8457\u70ed\u5ea6\u7684\u5dee\u5f02\u3002\u6bd4\u8f83\u4ee3\u8868\u5927\u4f17\u5173\u6ce8\u5ea6\u7684\u8c37\u6b4c\u641c\u7d22\u70ed\u5ea6\uff0c\u4ee5\u592a\u574a\u4ec5\u4e3a\u6bd4\u7279\u5e01\u7684 1\/5 \u5de6\u53f3\uff08\u8be6\u89c1\u56fe 5\uff09\uff1b\u800c\u89c2\u5bdf\u6b64\u6b21\u4ee5\u592a\u574a ETF \u53d1\u884c\u7684\u79cd\u5b50\u57fa\u91d1\uff08\u4e00\u822c\u4e3a\u57fa\u91d1\u7ba1\u7406\u4eba \/ \u627f\u9500\u5546\u51fa\u8d44\uff09\uff0cFidelity \u7ed9\u65d7\u4e0b\u4ee5\u592a\u574a ETF\uff08\u80a1\u7968\u4ee3\u7801 FETH\uff09\u7684\u79cd\u5b50\u8d44\u91d1\u89c4\u6a21\u4ec5\u4e3a\u5176\u6bd4\u7279\u5e01 ETF\uff08\u80a1\u7968\u4ee3\u7801 FBTC\uff09\u7684 1\/4\uff0c\u5176\u4ed6\u53d1\u884c\u5546\u5982 VanEck\u3001Invesco \u7b49\u5dee\u8ddd\u4e5f\u8f83\u5927\uff08\u8be6\u89c1\u56fe 6\uff09\u3002<\/p>\n \u56fe 5\uff1a\u6bd4\u7279\u5e01\u548c\u4ee5\u592a\u574a\u8c37\u6b4c\u641c\u7d22\u70ed\u5ea6\u5bf9\u6bd4\uff08\u6570\u636e\u6765\u6e90\uff1aGoogle Trend\uff09<\/p>\n \u56fe 6\uff1a\u540c\u4e00\u53d1\u884c\u4eba\u65d7\u4e0b\u4ee5\u592a\u574a ETF \u53ca\u6bd4\u7279\u5e01 ETF \u79cd\u5b50\u8d44\u91d1\u89c4\u6a21\u5bf9\u6bd4\uff08\u6570\u636e\u6765\u6e90\uff1aS-1 \u6587\u4ef6\uff09<\/p>\n 3\u3001\u6765\u81ea\u52a0\u5bc6\u5708\u5185\u7684\u4e70\u76d8\uff1a\u7531\u4e8e\u7f3a\u4e4f ETH \u94fe\u4e0a 3%-5% \u7684\u57fa\u7840\u8d28\u62bc\u6536\u76ca\u7387\uff0c\u9700\u6c42\u57fa\u672c\u4e0d\u5b58\u5728<\/strong><\/p>\n \u52a0\u5bc6\u6295\u8d44\u4eba\u4e5f\u8d21\u732e\u4e86\u6bd4\u7279\u5e01\u73b0\u8d27 ETF \u7684\u90e8\u5206\u4e70\u76d8\uff0c\u4e3b\u8981\u51fa\u4e8e\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\u8bc1\u660e\u7684\u9700\u6c42\u3002\u52a0\u5bc6\u6295\u8d44\u4eba\u6301\u6709\u6bd4\u7279\u5e01 ETF\uff0c\u53ea\u7528\u4ed8\u51fa 0.2%-0.25% \u7684\u5e74\u8d39\u7387\uff0c\u5c31\u53ef\u4ee5\u62e5\u6709\u4f20\u7edf\u91d1\u878d\u5e02\u573a\u7684\u8d44\u4ea7\u8bc1\u660e\uff0c\u4fbf\u4e8e\u5728\u5927\u4f17\u4e16\u754c\u7684\u7ecf\u6d4e\u751f\u6d3b\uff0c\u5e73\u8861\u91d1\u878d\u8d44\u4ea7\u548c\u6bd4\u7279\u5e01\u6301\u4ed3\uff0c\u5e76\u501f\u6b64\u8fdb\u884c\u5404\u7c7b\u6760\u6746\u64cd\u4f5c\uff0c\u5982\u62bc\u501f\u8d37\uff0c\u6784\u5efa\u7ed3\u6784\u5316\u4ea7\u54c1\u7b49\uff0c\u5bf9\u4e8e\u90e8\u5206\u9ad8\u51c0\u503c\u7684\u52a0\u5bc6\u6295\u8d44\u4eba\u662f\u6709\u5438\u5f15\u529b\u7684\u3002\u800c\u7531\u4e8e\u6bd4\u7279\u5e01\u662f POW \u7b97\u529b\u6316\u77ff\u673a\u5236\uff0c\u5e76\u6ca1\u6709\u7a33\u5b9a\u7684 POS \u8d44\u4ea7\u8d28\u62bc\u6536\u76ca\uff0c\u8003\u8651\u5230\u52a0\u5bc6\u8d27\u5e01\u548c\u6cd5\u5e01\u7684\u5e73\u5747\u51fa\u5165\u91d1\u6210\u672c\u5728 0.2%2%\uff0c\u6240\u4ee5\u6301\u6709\u6bd4\u7279\u5e01 etf \u548c\u76f4\u63a5\u6301\u5e01\u6536\u76ca\u5dee\u8ddd\u5e76\u4e0d\u5927\u3002<\/p>\n \u4f46\u5bf9\u4e8e\u4ee5\u592a\u574a\u73b0\u8d27 ETF\uff0c\u7531\u4e8e\u76d1\u7ba1\u4e0d\u5141\u8bb8 ETF \u83b7\u53d6\u8d28\u62bc\u6536\u76ca\uff0c\u5bf9\u4e8e\u52a0\u5bc6\u6295\u8d44\u4eba\uff0c\u6301\u6709 ETF \u4f1a\u6bd4\u76f4\u63a5\u6301\u6709\u4ee5\u592a\u574a\u73b0\u8d27\uff0c\u5c11 3%-5% \u7684\u65e0\u98ce\u9669\u5e74\u5316\u6536\u76ca\u3002\u4ee5\u592a\u574a\u91c7\u7528 PoS\uff08\u6743\u76ca\u8bc1\u660e\uff09\u673a\u5236\uff0c\u901a\u8fc7\u9a8c\u8bc1\u8005\u8282\u70b9\u8d28\u62bc\u4ee5\u592a\u574a\u8d44\u4ea7 \u6765\u9a8c\u8bc1\u4ea4\u6613\u5e76\u7ef4\u62a4\u7f51\u7edc\uff0c\u5e76\u83b7\u5f97\u533a\u5757\u5956\u52b1\uff0c\u5373\u6240\u8c13\u7684 POS \u6316\u77ff\u673a\u5236\u3002\u7531\u4e8e\u8fd9\u79cd\u6536\u76ca\u6765\u6e90\u4e8e\u7f51\u7edc\u534f\u8bae\u548c\u7cfb\u7edf\u5185\u7f6e\u5956\u52b1\u673a\u5236\uff0c\u56e0\u6b64\u88ab\u89c6\u4e3a\u4ee5\u592a\u574a\u751f\u6001\u7684\uff0c\u94fe\u4e0a\u65e0\u98ce\u9669\u57fa\u7840\u6536\u76ca\u7387\u3002\u8fd1\u671f\u4ee5\u592a\u574a\u8d28\u62bc\u6536\u76ca\u7387\u7a33\u5b9a\u5728 3% \u4ee5\u4e0a\u3002\u6240\u4ee5\u5982\u679c\u901a\u8fc7 ETF \u6765\u5b9e\u73b0\u4ee5\u592a\u574a\u7684\u5934\u5bf8\u914d\u7f6e\uff0c\u4f1a\u6bd4\u76f4\u63a5\u6301\u6709\u4ee5\u592a\u574a\u73b0\u8d27\uff0c\u5c11\u81f3\u5c11 3% \u7684\u5e74\u5316\u6536\u76ca\u7387\u3002\u6240\u4ee5\u52a0\u5bc6\u5708\u5185\u7684\u9ad8\u51c0\u503c\u4eba\u7fa4\uff0c\u5bf9\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u7684\u4e70\u76d8\uff0c\u53ef\u4ee5\u5ffd\u7565\u3002<\/p>\n \u56fe 7\uff1a\u4ee5\u592a\u574a\u8f6c\u4e3a POS \u673a\u5236\u4ee5\u6765\u8d28\u62bc\u6536\u76ca\u7387\uff08\u6570\u636e\u6765\u6e90\uff1aThe Staking Explorer\uff09<\/p>\n \u4e8c\u3001\u957f\u671f\u6765\u770b\uff1a\u4ee5\u592a\u574a ETF \u4e3a\u5176\u4ed6\u52a0\u5bc6\u8d44\u4ea7\u878d\u5165\u4e3b\u6d41\u4e16\u754c\u94fa\u5e73\u4e86\u9053\u8def<\/strong><\/p>\n \u4ee5\u592a\u574a\u4f5c\u4e3a\u76ee\u524d\u89c4\u6a21\u6700\u5927\u7684\u516c\u94fe\uff0c\u5176\u73b0\u8d27 ETF \u83b7\u6279\uff0c\u662f\u516c\u94fe\u878d\u5165\u4e3b\u6d41\u91d1\u878d\u4e16\u754c\u7684\u91cd\u8981\u4e00\u6b65\u3002\u68b3\u7406 SEC \u5ba1\u6279\u52a0\u5bc6\u8d27\u5e01 ETF \u7684\u6807\u51c6\uff0c\u4ee5\u592a\u574a\u5728\u9632\u64cd\u7eb5\u3001\u6d41\u52a8\u6027\u3001\u5b9a\u4ef7\u900f\u660e\u7b49\u65b9\u9762\u5747\u7b26\u5408 SEC \u8981\u6c42\uff0c\u540e\u7eed\u53ef\u4ee5\u671f\u5f85\u6709\u66f4\u591a\u7b26\u5408\u8981\u6c42\u7684\u52a0\u5bc6\u8d44\u4ea7\u9646\u7eed\u901a\u8fc7\u73b0\u8d27 ETF \u8fdb\u5165\u5927\u4f17\u6295\u8d44\u4eba\u89c6\u91ce\u3002<\/p>\n \u5bf9\u6bd4\u6765\u770b\uff0c\u516c\u94fe\u4e2d Solana \u4e5f\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u6ee1\u8db3\u4ee5\u4e0a\u6307\u6807\uff08\u8be6\u89c1\u56fe 8\uff09\uff0cVaneck\u300121Shares \u5df2\u5148\u540e\u63d0\u4ea4 Solana \u73b0\u8d27 ETF \u7684\u7533\u8bf7\uff0c\u4f34\u968f\u7740\u52a0\u5bc6\u8d27\u5e01\u671f\u8d27\u7b49\u4f20\u7edf\u91d1\u878d\u5e02\u573a\u5de5\u5177\u7684\u4e0d\u65ad\u4e30\u5bcc\uff0c\u540e\u7eed\u53ef\u4ee5\u671f\u5f85\u66f4\u591a\u52a0\u5bc6\u8d44\u4ea7 ETF \u7684\u83b7\u6279\uff0c\u4ece\u800c\u8fdb\u4e00\u6b65\u5360\u636e\u4f20\u7edf\u6295\u8d44\u4eba\u5fc3\u667a\uff0c\u767b\u5802\u5165\u5ba4\uff0c\u52a0\u901f\u53d1\u5c55\u3002<\/p>\n \u56fe 8\uff1a\u4ee3\u8868\u6027 Layer1 \u516c\u94fe\u6838\u5fc3\u6570\u636e\u5bf9\u6bd4\uff08\u6570\u636e\u6765\u6e90\uff1a\u516c\u5f00\u6570\u636e\u6574\u7406\uff09<\/p>\n \u7efc\u4e0a\u6240\u8ff0\uff0c\u7531\u4e8e\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u7684\u4e70\u5356\u76d8\u529b\u91cf\u5747\u5f31\u4e8e\u6bd4\u7279\u5e01 ETF\uff0c\u4e14\u7ecf\u5386\u8fc7\u7070\u5ea6 GBTC 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