{"id":816,"date":"2025-03-23T07:53:19","date_gmt":"2025-03-22T23:53:19","guid":{"rendered":"https:\/\/www.db-hk.com\/?p=816"},"modified":"2025-03-23T07:53:19","modified_gmt":"2025-03-22T23:53:19","slug":"%e4%bb%a5%e5%a4%aa%e5%9d%8a%e4%b8%80%e7%9b%b4%e5%9c%a8%e8%8b%a6%e8%8b%a6%e6%8c%a3%e6%89%8e%ef%bc%8cetf%e8%83%bd%e5%b8%ae%e4%b8%8a%e5%bf%99%e5%90%97%ef%bc%9f","status":"publish","type":"post","link":"http:\/\/www.fubairui.net\/?p=816","title":{"rendered":"\u4ee5\u592a\u574a\u4e00\u76f4\u5728\u82e6\u82e6\u6323\u624e\uff0cETF\u80fd\u5e2e\u4e0a\u5fd9\u5417\uff1f"},"content":{"rendered":"
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\u7136\u800c\uff0c\u610f\u5916\u6279\u51c6\u7684\u73b0\u8d27\u4ee5\u592a\u574a ETF \u53ef\u80fd\u9884\u793a\u7740\u8fd9\u4e2a\u7b2c\u4e8c\u5927\u52a0\u5bc6\u8d44\u4ea7\u7684\u547d\u8fd0\u5373\u5c06\u6539\u53d8\u3002\u8fd9\u6b63\u662f\u6211\u4eca\u5929\u60f3\u8981\u63a2\u8ba8\u7684\u95ee\u9898\u3002<\/p>\n
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\u5728\u718a\u5e02\u671f\u95f4\u8868\u73b0\u66f4\u5dee\uff0c\u4ece\u800c\u6709\u66f4\u591a\u7684\u6062\u590d\u7a7a\u95f4\uff0c\u90a3\u4e48\u5373\u4f7f\u4ef7\u683c\u6700\u7ec8\u5927\u81f4\u76f8\u540c\uff0c\u56f4\u7ed5\u5b83\u7684\u6c1b\u56f4\u53ef\u80fd\u4e5f\u4f1a\u5b8c\u5168\u4e0d\u540c\u3002\u4f46\uff0c\u5b83\u5728\u9519\u8bef\u7684\u65f6\u95f4\u70b9\u6709\u4e86\u9519\u8bef\u7684\u4ef7\u683c\u8d70\u52bf\u3002<\/p>\n 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\u8868\u73b0\u6700\u4f73\u5e76\u83b7\u5f97\u4e86\u6700\u591a\u5173\u6ce8\u3002\u5b83\u4eec\u638c\u63e1\u4e86\u53d9\u4e8b\u4e3b\u5bfc\u6743\uff0c\u4ece\u4e24\u65b9\u9762\u6324\u538b\u4e86\u4ee5\u592a\u574a\u3002<\/p>\n Solana \u590d\u82cf\u7684\u60f3\u6cd5\u8ba9\u4eba\u4eec\u8ba4\u4e3a\u5b83\u53ef\u4ee5\u62a2\u8d70\u4ee5\u592a\u574a\u4f5c\u4e3a\u9886\u5148\u667a\u80fd\u5408\u7ea6\u5e73\u53f0\u7684\u98ce\u5934\u3002\u5176\u4f4e\u8d39\u7528\u548c\u6700\u521d\u7684\u5353\u8d8a\u7528\u6237\u4f53\u9a8c\u8ba9\u5b83\u770b\u8d77\u6765\u50cf\u662f\u672a\u6765\u3002<\/p>\n \u5982\u679c\u4eba\u4eec\u53ef\u4ee5\u5728\u4e00\u4e2a\u66f4\u5feb\u3001\u66f4\u4fbf\u5b9c\u3001\u66f4\u7b80\u5355\u2014\u2014\u603b\u4f53\u4e0a\u66f4\u597d\u7684\u73af\u5883\u4e2d\u5b8c\u6210\u540c\u6837\u7684\u4e8b\u60c5\uff0c\u4e3a\u4ec0\u4e48\u8fd8\u8981\u5728\u4ee5\u592a\u574a\u4e0a\u6784\u5efa\u6216\u4f7f\u7528\u5462\uff1f\u7279\u522b\u662f\u5f53\u5927\u591a\u6570\u4eba\u4e0d\u50cf\u4ee5\u592a\u574a\u7528\u6237\u548c\u6bd4\u7279\u5e01\u7528\u6237\u90a3\u6837\u5728\u4e4e\u300c\u8d27\u5e01\u6027\u300d\u548c\u53bb\u4e2d\u5fc3\u5316\u65f6\u3002<\/p>\n \u4e0e\u6b64\u540c\u65f6\uff0c\u6bd4\u7279\u5e01\u5f97\u76ca\u4e8e ETF \u548c\u5176\u84ec\u52c3\u53d1\u5c55\u7684\u751f\u6001\u7cfb\u7edf\uff0c\u5176\u4e2d\u5305\u62ec Ordinals\u3001\u53ef\u66ff\u4ee3 Token \u548c\u539f\u751f L2\u3002<\/p>\n ETF \u53d9\u4e8b\u7ed9\u4eba\u4e00\u79cd\u6bd4\u7279\u5e01\u662f\u673a\u6784\u53ef\u4ee5\u652f\u6301\u7684\u552f\u4e00\u4e25\u8083\u52a0\u5bc6\u8d44\u4ea7\u7684\u611f\u89c9\u3002\u968f\u7740\u6570\u5341\u4ebf\u7f8e\u5143\u6d8c\u5165\u65b0\u63a8\u51fa\u7684\u57fa\u91d1\uff0c\u300c\u6570\u5b57\u9ec4\u91d1\u300d\u7684\u8bba\u70b9\u4f3c\u4e4e\u7ec8\u4e8e\u5f97\u5230\u4e86\u56de\u62a5\u3002<\/p>\n \u4e0e\u6b64\u540c\u65f6\uff0cOrdinals \u7684\u53d1\u5c55\u8bc1\u660e\u6bd4\u7279\u5e01\u4e0d\u4ec5\u53ef\u4ee5\u7528\u4f5c\u8d27\u5e01\u3002\u50cf\u4ee5\u592a\u574a\u4e00\u6837\uff0c\u5b83\u53ef\u80fd\u4e5f\u662f\u66f4\u590d\u6742\u8ba1\u7b97\u548c\u4ea4\u6613\u7684\u57fa\u7840\u3002<\/p>\n \u5982\u679c\u6bd4\u7279\u5e01\u5728\u66f4\u4fdd\u5b88\u548c\u7ecf\u6d4e\u4e0a\u66f4\u5065\u5168\u7684\u60c5\u51b5\u4e0b\u4e5f\u80fd\u505a\u5230\u8fd9\u4e9b\uff0c\u90a3\u4e48\u4ee5\u592a\u574a\u8fd8\u6709\u4ec0\u4e48\u610f\u4e49\u5462\uff1f\u80af\u5b9a\u4efb\u4f55\u771f\u6b63\u5173\u5fc3\u53bb\u4e2d\u5fc3\u5316\u548c\u7a33\u5065\u3001\u53ef\u9760\u533a\u5757\u94fe\u8bbe\u8ba1\u7684\u4eba\u90fd\u4f1a\u8f6c\u5411\u6bd4\u7279\u5e01\u3002<\/p>\n \u5982\u679c\u8fd9\u4e9b\u8fd8\u4e0d\u591f\u7cdf\u7cd5\uff0c\u4ee5\u592a\u574a\u751a\u81f3\u5728\u5176\u76f8\u5bf9\u8f83\u65b0\u7684\u300c\u6a21\u5757\u5316\u300d\u53d9\u4e8b\u4e2d\u4e5f\u53d7\u5230\u4e86\u6253\u51fb\u3002<\/p>\n \u4ee5\u592a\u574a\u672c\u5e94\u6210\u4e3a\u4e00\u4e2a\u5e7f\u6cdb\u4e92\u8054\u7684\u94fe\u548c\u9ad8\u5c42\u6269\u5c55\u89e3\u51b3\u65b9\u6848\u7684\u57fa\u7840\u5c42\u3002\u4f46\u8fd9\u5e76\u4e0d\u662f\u5b83\u6700\u521d\u7684\u8ba1\u5212\uff0c\u5b83\u6b63\u9010\u6b65\u671d\u8fd9\u4e2a\u65b9\u5411\u524d\u8fdb\uff0c\u4e00\u6b21\u4e00\u4e2a\u5347\u7ea7\u3002<\/p>\n \u7136\u540e\uff0cCelestia \u4e0a\u7ebf\u4e86\uff0c\u8fd9\u662f\u4e00\u4e2a\u4e13\u95e8\u4e3a\u5c65\u884c\u4ee5\u592a\u574a\u6700\u7ec8\u5c06\u627f\u62c5\u7684\u89d2\u8272\u800c\u6784\u5efa\u7684\u65b0\u6a21\u5757\u94fe\u3002\u800c\u4e14\uff0c\u50cf\u6bd4\u7279\u5e01\u548c Solana \u4e00\u6837\uff0c\u5b83\u5728\u725b\u5e02\u521d\u671f\u7684\u8d22\u52a1\u548c\u53d9\u4e8b\u8868\u73b0\u975e\u5e38\u51fa\u8272\u3002\u518d\u4e00\u6b21\uff0c\u4ee5\u592a\u574a\u663e\u5f97\u6709\u4e9b\u65e0\u5173\u7d27\u8981\u3002<\/p>\n \u51e0\u4e4e\u6bcf\u4e00\u4e2a\u4ee5\u592a\u574a\u7684\u53d9\u4e8b\u540c\u65f6\u88ab\u524a\u5f31\uff0c\u52a0\u5267\u4e86\u5176\u81ea\u8eab\u5e73\u5eb8\u4ef7\u683c\u8d70\u52bf\u5e26\u6765\u7684\u6301\u7eed\u8d1f\u9762\u60c5\u7eea\u3002<\/p>\n \u6240\u6709\u7684\u5174\u594b\u548c\u5173\u6ce8\u90fd\u8f6c\u79fb\u5230\u4e86\u5176\u4ed6\u5730\u65b9\uff0c\u800c\u4ee5\u592a\u574a\u5219\u88ab\u9057\u7559\u6210\u4e86\u8fc7\u53bb\u6beb\u65e0\u610f\u4e49\u7684\u9057\u7269\u3002<\/p>\n \u5728\u6211\u770b\u6765\uff0c\u8fd9\u79cd\u53d9\u4e8b\u653b\u51fb\u662f\u8fc4\u4eca\u4e3a\u6b62\u5927\u5bb6\u5bf9\u4ee5\u592a\u574a\u5982\u6b64\u6d88\u6781\u7684\u4e3b\u8981\u539f\u56e0\u3002\u5b83\u7684\u5b58\u5728\u672c\u8eab\uff0c\u5176\u5b58\u5728\u7684\u7406\u7531\uff0c\u53d7\u5230\u4e86\u8d28\u7591\u3002\u800c\u4e14\uff0c\u6ca1\u6709\u6d3b\u52a8\u6216\u4ef7\u683c\u7684\u6fc0\u589e\uff0c\u5b83\u65e0\u6cd5\u7ed9\u51fa\u4ee4\u4eba\u4fe1\u670d\u7684\u7b54\u6848\u3002<\/p>\n 3\uff09\u7f3a\u4e4f\u4e70\u5bb6<\/strong><\/p>\n \u4ee5\u592a\u574a\u4ef7\u683c\u8d70\u52bf\u5e73\u6de1\uff08\u4ee5\u53ca\u968f\u4e4b\u800c\u6765\u7684\u8d1f\u9762\u60c5\u7eea\uff09\u7684\u53e6\u4e00\u4e2a\u56e0\u7d20\u662f\u7f3a\u4e4f\u4e70\u5bb6\u6765\u652f\u6491\u4ef7\u683c\u3002<\/p>\n \u540c\u6837\uff0c\u8fd9\u662f\u4ee5\u592a\u574a\u4e4b\u524d\u7684\u5f3a\u52bf\u8868\u73b0\u53cd\u8fc7\u6765\u56f0\u6270\u5b83\u7684\u4e00\u4e2a\u6848\u4f8b\u3002<\/p>\n \u5728\u4e0a\u4e00\u4e2a\u5468\u671f\uff0c\u4ee5\u592a\u574a\u662f\u5171\u8bc6\u4e4b\u9009\u3002\u5bf9\u4e8e\u4efb\u4f55\u4e25\u8083\u5bf9\u5f85\u52a0\u5bc6\u8d27\u5e01\u7684\u4eba\u6765\u8bf4\uff0cETH \u51e0\u4e4e\u662f\u9ed8\u8ba4\u8d44\u4ea7\u3002<\/p>\n \u6bd4\u7279\u5e01\uff0c\u66fe\u7ecf\u7684\u5171\u8bc6\u4e4b\u9009\uff0c\u5f00\u59cb\u663e\u5f97\u6709\u4e9b\u8001\u65e7\u548c\u8131\u8282\u3002\u76f8\u6bd4\u5176\u4ed6\u52a0\u5bc6\u8d44\u4ea7\uff0c\u5b83\u901a\u5e38\u88ab\u89c6\u4e3a\u4e00\u4e2a\u5df2\u88ab\u73a9\u817b\u7684\u5c0f\u5ba0\u7269\u77f3\u5934\uff0c\u589e\u957f\u6f5c\u529b\u76f8\u5bf9\u8f83\u5c0f\u3002<\/p>\n \u4e0e\u6b64\u540c\u65f6\uff0cETH \u4f4d\u4e8e\u5feb\u901f\u6269\u5c55\u7684\u751f\u6001\u7cfb\u7edf\u7684\u4e2d\u5fc3\uff0c\u88ab\u8a89\u4e3a\u300c\u91d1\u878d\u7684\u672a\u6765\u300d\u3002\u5c3d\u7ba1\u8fd8\u6709\u5176\u4ed6\u50cf Solana \u8fd9\u6837\u589e\u957f\u6f5c\u529b\u66f4\u5927\u7684\u5e73\u53f0\uff0c\u4f46\u53ea\u6709\u4ee5\u592a\u574a\u63a5\u8fd1\u5339\u914d\u6bd4\u7279\u5e01\u7684\u6301\u4e45\u6027\u548c\u53ef\u9760\u6027\u3002\u4ece\u98ce\u9669 \/ \u56de\u62a5\u7684\u89d2\u5ea6\u6765\u770b\uff0cETH \u662f\u663e\u7136\u7684\u6700\u4f73\u9009\u62e9\u3002<\/p>\n \u66fe\u51e0\u4f55\u65f6\uff0c\u4ee5\u592a\u574a\u901a\u5e38\u77db\u76fe\u7684\u53d9\u4e8b\u4f3c\u4e4e\u534f\u540c\u4f5c\u7528\uff0c\u4f7f\u5176\u6210\u4e3a\u4efb\u4f55\u770b\u597d\u52a0\u5bc6\u8d27\u5e01\u7684\u4eba\u7684\u5b8c\u7f8e\u9009\u62e9\u3002<\/p>\n \u4f60\u77e5\u9053\u5b83\u4e0d\u4f1a\u8ba9\u4f60\u5931\u671b\u6216\u9047\u5230\u6839\u672c\u6027\u95ee\u9898\uff0c\u4f46\u5b83\u4ecd\u7136\u4ee4\u4eba\u5174\u594b\u548c\u6709\u56de\u62a5\u3002<\/p>\n \u5728\u5f53\u65f6\uff0c\u8fd9\u5bf9 ETH \u6765\u8bf4\u662f\u6781\u597d\u7684\u2014\u2014\u8fd9\u53ef\u80fd\u4e5f\u4fc3\u6210\u4e86\u5b83\u5728\u718a\u5e02\u4e2d\u7684\u8d85\u5e38\u8868\u73b0\u3002\u4f46\u5feb\u8fdb\u5230\u4eca\u5929\uff0c\u8fd9\u5374\u6210\u4e86\u4e00\u4e2a\u95ee\u9898\u3002<\/p>\n \u51e0\u4e4e\u6240\u6709\u53c2\u4e0e\u8fc7\u4e00\u4e2a\u4ee5\u4e0a\u5468\u671f\u7684\u52a0\u5bc6\u8d27\u5e01\u6295\u8d44\u8005\u90fd\u5df2\u7ecf\u6301\u6709 ETH\u3002\u800c\u4e14\uff0c\u5982\u679c\u4ed6\u4eec\u8fd8\u6ca1\u6709\u62e5\u6709 ETH\uff0c\u90a3\u5f88\u53ef\u80fd\u662f\u56e0\u4e3a\u4ed6\u4eec\u6709\u660e\u786e\u7684\u7406\u7531\u4e0d\u6301\u6709\u2014\u2014\u901a\u5e38\u662f\u7531\u4e8e\u4e0d\u53ef\u8c03\u548c\u7684\u54f2\u5b66\u5dee\u5f02\u3002<\/p>\n \u6362\u53e5\u8bdd\u8bf4\uff0c\u5927\u591a\u6570\u5728\u52a0\u5bc6\u8d27\u5e01\u9886\u57df\u7684\u4eba\u8981\u4e48\u5df2\u7ecf\u62e5\u6709 ETH\uff0c\u8981\u4e48\u6c38\u8fdc\u4e0d\u4f1a\u62e5\u6709\u3002<\/p>\n \u968f\u7740\u725b\u5e02\u7684\u5f00\u59cb\uff0c\u5df2\u7ecf\u6301\u6709 ETH \u7684\u4eba\u6ca1\u6709\u7406\u7531\u8d2d\u4e70\u66f4\u591a\u3002\u4ed6\u4eec\u4e3a\u4ec0\u4e48\u8981\u4f18\u5148\u8003\u8651\u4ed6\u4eec\u5df2\u7ecf\u6301\u6709\u7684\u8d44\u4ea7\uff0c\u800c\u90a3\u4e48\u591a\u88ab\u4f4e\u4f30\u7684\u8d44\u4ea7\u770b\u8d77\u6765\u5982\u6b64\u6709\u5438\u5f15\u529b\uff1f<\/p>\n \u5982\u679c\u6709\u7684\u8bdd\uff0c\u73b0\u6709\u6301\u6709\u8005\u5f88\u53ef\u80fd\u4f1a\u5356\u6389\u4ed6\u4eec\u62e5\u6709\u7684\u4e00\u4e9b ETH\uff0c\u4ee5\u6362\u53d6\u77ed\u671f\u524d\u666f\u66f4\u597d\u7684\u8d44\u4ea7\uff0c\u5bfc\u81f4\u4ef7\u683c\u8d70\u52bf\u66f4\u52a0\u7cdf\u7cd5\u3002<\/p>\n \u7531\u4e8e\u7f3a\u4e4f\u6765\u81ea\u52a0\u5bc6\u8d27\u5e01\u539f\u4f4f\u6c11\u7684\u652f\u6301\uff0cETH \u9700\u8981\u52a0\u5bc6\u6e38\u5ba2\u548c\u65b0\u6765\u8005\u7684\u4ecb\u5165\u3002\u4f46\u5e02\u573a\u5e76\u6ca1\u6709\u5982\u8bb8\u591a\u4eba\u9884\u671f\u7684\u90a3\u6837\u6d8c\u5165\u65b0\u7684\u8d44\u672c\u3002\u4e8b\u5b9e\u4e0a\uff0c\u6211\u4eec\u4ecd\u5728\u7b49\u5f85\u5bf9\u52a0\u5bc6\u8d27\u5e01\u7684\u666e\u904d\u5174\u8da3\u56de\u5347\uff0c\u4ee5\u53ca\u4e0b\u4e00\u6279\u7528\u6237\u548c\u6295\u8d44\u8005\u7684\u5230\u6765\u3002<\/p>\n \u6ca1\u6709\u4ed6\u4eec\uff0cETH \u56e0\u7f3a\u4e4f\u4e70\u5bb6\u800c\u6323\u624e\u662f\u53ef\u4ee5\u7406\u89e3\u7684\u3002<\/p>\n \u8981\u8868\u73b0\u5f97\u66f4\u597d\uff0cETH \u9700\u8981\u7ed9\u73b0\u6709\u6301\u6709\u8005\u4e00\u4e2a\u589e\u52a0\u914d\u7f6e\u7684\u7406\u7531\uff0c\u6216\u8005\u627e\u5230\u5168\u65b0\u7684\u4e70\u5bb6\u2026\u2026\u8bb0\u4f4f\u8fd9\u4e00\u70b9\uff0c\u6211\u4eec\u7a0d\u540e\u4f1a\u56de\u5230\u8fd9\u4e2a\u8bdd\u9898\u3002<\/p>\n 4\uff09\u8d44\u4ea7\u7a00\u91ca<\/strong><\/p>\n \u66f4\u7cdf\u7cd5\u7684\u662f\uff0c\u8fdb\u5165\u4ee5\u592a\u574a\u751f\u6001\u7cfb\u7edf\u7684\u5c11\u91cf\u8d44\u91d1\u88ab\u5206\u6563\u5230\u4e86\u591a\u4e2a\u8d44\u4ea7\u4e0a\u3002<\/p>\n \u8fd9\u662f\u56e0\u4e3a\u73b0\u5728\u6709\u5927\u91cf\u4e0e\u4ee5\u592a\u574a\u76f8\u5173\u7684\u8d44\u4ea7\u53ef\u4ee5\u88ab\u89c6\u4e3a\u300cETH Beta\u300d\u2014\u2014\u5728\u725b\u5e02\u73af\u5883\u4e2d\u5e94\u8be5\u4f18\u4e8e ETH \u672c\u8eab\u7684\u66ff\u4ee3\u54c1\u3002<\/p>\n \u56e0\u6b64\uff0c\u4efb\u4f55\u770b\u597d\u4ee5\u592a\u574a\u7684\u4eba\u90fd\u5fc5\u987b\u51b3\u5b9a\u8868\u8fbe\u8fd9\u79cd\u89c2\u70b9\u7684\u6700\u4f73\u548c\u6700\u6709\u5229\u53ef\u56fe\u7684\u65b9\u5f0f\u3002<\/p>\n \u4f8b\u5982\uff0c\u6295\u8d44\u8005\u53ef\u4ee5\u9009\u62e9 Layer2Token\uff0c\u5982 OP \u548c ARB\u3002\u6216\u8005\uff0c\u4ed6\u4eec\u53ef\u80fd\u4f1a\u8003\u8651\u4e0e\u8d28\u62bc\u76f8\u5173\u7684 Token\uff0c\u5982 LDO\u3002\u6216\u8005\u662f\u6765\u81ea\u4ee5\u592a\u574a DeFi\u3001NFT \u6216 RWA \u751f\u6001\u7cfb\u7edf\u7684 Token\uff0c\u5982 UNI\u3001BLUR \u6216 ONDO\u3002\u4e5f\u8bb8\u4ed6\u4eec\u751a\u81f3\u4f1a\u559c\u6b22\u4ee5\u592a\u574a\u4e3a\u57fa\u7840\u7684\u8ff7\u56e0\u5e01\uff0c\u6bd4\u5982 PEPE \u6216 MOG\u3002<\/p>\n \u6709\u5982\u6b64\u591a\u4e0d\u540c\u7684\u9014\u5f84\u53ef\u4f9b\u9009\u62e9\uff0c\u5982\u679c\u4f60\u770b\u597d ETH\uff0c\u6709\u5982\u6b64\u591a\u4e0d\u540c\u7684\u8d44\u4ea7\u9700\u8981\u8003\u8651\u3002<\/p>\n \u5373\u4f7f\u4f60\u60f3\u4fdd\u6301\u7b80\u5355\uff0c\u53ea\u6301\u6709 ETH\uff0c\u4ecd\u7136\u9700\u8981\u51b3\u5b9a\u662f\u6301\u6709\u539f\u751f ETH\uff0cLiquid Staking ETH\uff0c\u8fd8\u662f Liquid Restaking ETH\u3002<\/p>\n \u6240\u6709\u8fd9\u4e9b\u90fd\u4f1a\u9020\u6210\u51b3\u7b56\u75b2\u52b3\uff0c\u53ef\u80fd\u4f1a\u8ba9\u4e00\u4e9b\u6295\u8d44\u8005\u671b\u800c\u5374\u6b65\u3002<\/p>\n \u66f4\u7cdf\u7cd5\u7684\u662f\uff0c\u5b83\u5bfc\u81f4\u4efb\u4f55\u8fdb\u5165\u7684\u8d44\u91d1\u88ab\u5206\u6563\u5230\u5404\u79cd\u8d44\u4ea7\u4e0a\uff0c\u51cf\u5c11\u4e86\u73b0\u91d1\u53ef\u80fd\u5e26\u6765\u7684\u523a\u6fc0\u6548\u679c\u3002<\/p>\n \u4ee5\u592a\u574a\u5e76\u4e0d\u662f\u552f\u4e00\u53d7\u6b64\u5f71\u54cd\u7684\u3002\u6bd5\u7adf\uff0c\u6295\u8d44\u8005\u53ef\u80fd\u4e0d\u5f97\u4e0d\u8003\u8651\u8d2d\u4e70 SOL \u4e0e\u8d2d\u4e70 BONK\u3001WIF \u6216 PYTH \u7684\u5229\u5f0a\u3002\u4f46\u56f4\u7ed5\u4ee5\u592a\u574a\u7684\u751f\u6001\u7cfb\u7edf\u66f4\u52a0\u53d1\u8fbe\uff0c\u9009\u62e9\u66f4\u591a\uff0c\u56e0\u6b64\u7a00\u91ca\u6548\u5e94\u66f4\u4e3a\u663e\u8457\u3002\u5f53\u4ee5\u592a\u574a\u5df2\u7ecf\u5904\u4e8e\u52a3\u52bf\u65f6\uff0c\u8fd9\u663e\u7136\u6ca1\u6709\u5e2e\u52a9\u3002<\/p>\n 5\uff09\u5b89\u5168\u6027\u95ee\u9898<\/strong><\/p>\n \u66f4\u4e3a\u96ea\u4e0a\u52a0\u971c\u7684\u662f\uff0c\u4eba\u4eec\u62c5\u5fc3 ETH \u4f1a\u88ab\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u8ba4\u5b9a\u4e3a\u8bc1\u5238\u3002<\/p>\n \u6211\u76f8\u4fe1\u4f60\u5df2\u7ecf\u542c\u8bf4\u8fc7\u5173\u4e8e\u5bf9\u4ee5\u592a\u574a\u57fa\u91d1\u4f1a\u7684\u8c03\u67e5\u548c\u5bf9 PoS \u5c06 ETH \u53d8\u6210\u8bc1\u5238\u7684\u62c5\u5fe7\u3002\u8fd9\u4e9b\u6050\u60e7\u65e0\u7591\u4f1a\u5bf9 ETH \u9020\u6210\u538b\u529b\uff0c\u5e76\u963b\u788d\u5176\u8868\u73b0\u3002<\/p>\n \u8fd9\u4e0e\u591a\u5e74\u6765\u8ba4\u4e3a ETH \u662f\u4e00\u79cd\u5546\u54c1\u3001\u56e0\u6b64\u4e0d\u53d7 SEC \u653b\u51fb\u7684\u4f20\u7edf\u667a\u6167\u76f8\u6096\u3002\u73b0\u5728\u5e02\u573a\u4e0d\u5f97\u4e0d\u8003\u8651\u5e76\u8ba1\u5165\u6700\u574f\u7684\u60c5\u51b5\uff0c\u4f8b\u5982\u4ee5\u592a\u574a\u4ece\u4e3b\u8981\u4ea4\u6613\u5e73\u53f0\u4e0b\u67b6\u3002<\/p>\n \u6b64\u5916\uff0c\u8fd9\u5a01\u80c1\u5230\u4e86\u4ee5\u592a\u574a\u5bf9\u673a\u6784\u6295\u8d44\u8005\u7684\u5438\u5f15\u529b\u3002\u6bd5\u7adf\uff0c\u4ed6\u4eec\u53ef\u80fd\u4e0d\u60f3\u6295\u8d44\u4e8e\u4e00\u4e2a\u5b58\u5728\u5982\u6b64\u591a\u4e0d\u786e\u5b9a\u6027\u7684\u4e1c\u897f\u3002\u800c\u4e14\u5373\u4fbf\u4ed6\u4eec\u80fd\u591f\u5728\u6ca1\u6709 ETF \u5305\u88c5\u7684\u60c5\u51b5\u4e0b\u83b7\u5f97\u5b83\uff0c\u4ed6\u4eec\u4e5f\u53ef\u80fd\u4e0d\u613f\u610f\u3002<\/p>\n \u4f60\u770b\uff0c\u4e00\u65e6\u6bd4\u7279\u5e01 ETF \u83b7\u6279\uff0c\u4eba\u4eec\u81ea\u52a8\u8ba4\u4e3a ETH ETF \u4e5f\u4f1a\u8ddf\u968f\u3002\u53ef\u80fd\u9700\u8981\u53e6\u4e00\u8d77\u8bc9\u8bbc\u6765\u8feb\u4f7f SEC \u91c7\u53d6\u884c\u52a8\uff0c\u6240\u4ee5\u5b9e\u73b0\u8fd9\u4e00\u76ee\u6807\u53ef\u80fd\u9700\u8981\u4e00\u5e74\u6216\u66f4\u957f\u65f6\u95f4\uff0c\u4f46\u770b\u8d77\u6765\u76f8\u5f53\u786e\u5b9a\u3002\u8fd9\u7ed9\u4e86 ETH \u5728\u6f2b\u957f\u96a7\u9053\u5c3d\u5934\u7684\u4e00\u4e1d\u5fae\u5149\u3002<\/p>\n \u4f46\u5b89\u5168\u6027\u95ee\u9898\u51e0\u4e4e\u5b8c\u5168\u6253\u7834\u4e86\u8fd9\u4e9b\u5e0c\u671b\u3002\u4ee5\u592a\u574a\u9634\u90c1\u800c\u60b2\u89c2\u7684\u6c1b\u56f4\u53d8\u5f97\u66f4\u52a0\u9634\u6697\u3002<\/p>\n \u611f\u89c9\u5c31\u50cf Gary Gensler \u548c SEC \u5728\u6253\u538b\u4e00\u4e2a\u5df2\u7ecf\u5904\u4e8e\u4f4e\u8c37\u7684\u4e1c\u897f\u3002<\/p>\n 6\uff09\u8425\u9500\u95ee\u9898<\/strong><\/p>\n \u6700\u540e\u6211\u60f3\u63d0\u5230\u7684\u662f\uff0cEthereans \u4f3c\u4e4e\u5728\u4e3a\u4ee5\u592a\u574a\u5ba3\u4f20\u65b9\u9762\u9047\u5230\u4e86\u56f0\u96be\u3002\u8fd9\u6709\u4e24\u4e2a\u65b9\u9762\uff1a<\/p>\n \u9996\u5148\uff0c\u8fc7\u53bb\u4e00\u5e74\u5de6\u53f3\uff0c\u8bb8\u591a Ethereans \u4ece Twitter \u8f6c\u79fb\u5230\u4e86 Farcaster\u3002\u5373\u4f7f\u4ed6\u4eec\u6ca1\u6709\u5b8c\u5168\u8f6c\u79fb\uff0c\u4ed6\u4eec\u5728 Twitter \u4e0a\u7684\u65f6\u95f4\u4e5f\u5927\u5927\u51cf\u5c11\u4e86\u3002<\/p>\n \u7136\u800c\uff0cTwitter \u4ecd\u7136\u662f\u5927\u591a\u6570\u52a0\u5bc6\u6587\u5316\u7684\u7126\u70b9\u3002\u7531\u4e8e\u5c11\u4e86 Ethereans \u6765\u4e3a\u4ee5\u592a\u574a\u8fa9\u62a4\u5e76\u4f20\u8fbe\u4fe1\u606f\uff0c\u6211\u4eec\u6700\u7ec8\u4f53\u9a8c\u5230\u7684\u73b0\u5b9e\u7248\u672c\u7565\u663e\u626d\u66f2\uff0c\u7531\u4ee5\u592a\u574a\u7684\u53cd\u5bf9\u8005\u5851\u9020\u548c\u4e3b\u5bfc\u3002\u8d1f\u9762\u4fe1\u606f\u6bd4\u6b63\u9762\u4fe1\u606f\u51fa\u73b0\u5f97\u66f4\u9891\u7e41\uff0c\u8fd9\u65e2\u52a9\u957f\u4e86\u4e5f\u5938\u5927\u4e86\u56f4\u7ed5\u4ee5\u592a\u574a\u7684\u60b2\u89c2\u60c5\u7eea\u3002<\/p>\n \u5176\u6b21\u662f\u5173\u4e8e\u4ee5\u592a\u574a\u91cd\u89c6\u7814\u7a76\u7684\u5fc3\u6001\uff0c\u8fd9\u8ba9\u4e00\u4e9b\u4eba\u611f\u5230\u53cd\u611f\u3002<\/p>\n \u5f53 Ethereans \u5728 Twitter \u6216\u5176\u4ed6\u793e\u4ea4\u5a92\u4f53\u4e0a\u8ba8\u8bba\u4e8b\u60c5\u65f6\uff0c\u4ed6\u4eec\u7684\u5bf9\u8bdd\u5f80\u5f80\u96be\u4ee5\u7406\u89e3\uff0c\u5145\u6ee1\u884c\u8bdd\u3002\u8fd9\u8ba9\u6f5c\u5728\u7528\u6237\u611f\u5230\u758f\u8fdc\uff0c\u751a\u81f3\u53ef\u80fd\u611f\u5230\u607c\u706b\u3002<\/p>\n \u4f8b\u5982\uff0c\u7528\u6237\u53ef\u80fd\u4f1a\u5bf9\u9ad8\u4ea4\u6613\u8d39\u7528\u4f7f\u5c0f\u989d\u4ea4\u6613\u53d8\u5f97\u4e0d\u53ef\u80fd\u7684\u53ef\u7406\u89e3\u95ee\u9898\u63d0\u51fa\u62b1\u6028\u3002\u4f46\u968f\u540e\u770b\u5230\u8457\u540d\u7684 Ethereans \u4f7f\u7528\u96be\u4ee5\u7406\u89e3\u4e14\u7565\u663e\u8352\u8c2c\u7684\u672f\u8bed\uff0c\u5982\u300cProto-Danksharding\u300d\u3002\u8fd9\u8ba9\u4ed6\u4eec\u89c9\u5f97\u4ed6\u4eec\u7684\u95ee\u9898\u6ca1\u6709\u88ab\u8ba4\u771f\u5bf9\u5f85\u3002<\/p>\n \u73b0\u5728\uff0c\u6211\u4e0d\u60f3\u5728\u8fd9\u91cc\u8fc7\u4e8e\u6279\u8bc4\u3002\u4ee5\u592a\u574a\u2014\u2014\u4ee5\u53ca\u533a\u5757\u94fe\u603b\u4f53\u6765\u8bf4\u2014\u2014\u975e\u5e38\u590d\u6742\uff0c\u6d89\u53ca\u8bb8\u591a\u666e\u901a\u7528\u6237\u65e0\u6cd5\u7406\u89e3\u7684\u56f0\u96be\u6743\u8861\u3002<\/p>\n \u4f46\u540c\u6837\uff0c\u5982\u679c Ethereans \u7ee7\u7eed\u8fd9\u6837\u4e0b\u53bb\uff0c\u4ed6\u4eec\u6c38\u8fdc\u4e0d\u4f1a\u8d62\u5f97\u53d9\u4e8b\u6218\u3002\u867d\u7136\u8fd9\u53ef\u80fd\u5f88\u56f0\u96be\uff0c\u4f46\u4ed6\u4eec\u9700\u8981\u627e\u5230\u66f4\u597d\u7684\u65b9\u6cd5\u6765\u627f\u8ba4\u666e\u901a\u7528\u6237\u7684\u62b1\u6028\uff0c\u540c\u65f6\u7528\u7b80\u5355\u7684\u672f\u8bed\u89e3\u91ca\u4e3a\u4ec0\u4e48\u505a\u51fa\u67d0\u4e9b\u8bbe\u8ba1\u51b3\u7b56\uff0c\u4ee5\u53ca\u6b63\u5728\u505a\u4e9b\u4ec0\u4e48\u6765\u5e2e\u52a9\u89e3\u51b3\u95ee\u9898\u3002<\/p>\n \u8bf4\u5b9e\u8bdd\uff0c\u8fd9\u53ef\u80fd\u662f\u4e0d\u53ef\u80fd\u7684\u3002\u5927\u591a\u6570\u4eba\u4e0d\u60f3\u4e86\u89e3\u4e3a\u4ec0\u4e48\u4e8b\u60c5\u662f\u8fd9\u6837\u7684\uff0c\u6216\u8005\u4ed6\u4eec\u6ca1\u6709\u65f6\u95f4\u53bb\u5b66\u4e60\u3002\u76f8\u53cd\uff0c\u4ed6\u4eec\u4f1a\u8ba4\u4e3a\u4ee5\u592a\u574a\u7b28\u62d9\u4e14\u6602\u8d35\uff0c\u56e0\u4e3a\u5b83\u4f7f\u7528\u7684\u662f\u65e7\u7684\u8fc7\u65f6\u6280\u672f\u3002\u800c\u4ed6\u4eec\u4f1a\u8ba4\u4e3a\u8457\u540d\u7684 Ethereans \u6839\u672c\u4e0d\u5173\u5fc3\uff0c\u56e0\u4e3a\u4ed6\u4eec\u5bcc\u6709\u4e14\u4e0e\u666e\u901a\u4eba\u8131\u8282\u3002<\/p>\n \u4ece\u957f\u8fdc\u6765\u770b\uff0c\u8fd9\u53ef\u80fd\u4e0d\u662f\u5927\u95ee\u9898\u3002\u5982\u679c\u4ee5\u592a\u574a\u7684\u7406\u8bba\u662f\u6b63\u786e\u7684\uff0c\u6700\u7ec8\u4eba\u4eec\u4f1a\u5728\u4e0d\u5728\u610f\u7684\u60c5\u51b5\u4e0b\u4f7f\u7528\u4f4e\u8d39\u7528\u7684 L2\u3002\u4ed6\u4eec\u751a\u81f3\u53ef\u80fd\u4e0d\u77e5\u9053\u4ed6\u4eec\u6b63\u5728\u4f7f\u7528 L2\uff0c\u66f4\u4e0d\u7528\u8bf4\u662f\u4ee5\u592a\u574a\u751f\u6001\u7cfb\u7edf\u5185\u7684 L2 \u4e86\u3002<\/p>\n \u4f46\u5728\u6240\u6709\u56f0\u96be\u88ab\u62bd\u8c61\u5316\u4e4b\u524d\uff0c\u7528\u6237\u4f1a\u6ce8\u610f\u5230\u4ee5\u592a\u574a\u7684\u7f3a\u70b9\uff0c\u5e76\u4f1a\u62b1\u6028\u5b83\u4eec\u3002\u800c\u8fd9\u4e9b\u62b1\u6028\u5c06\u7ee7\u7eed\u52a9\u957f\u56f4\u7ed5\u4ee5\u592a\u574a\u7684\u8d1f\u9762\u6c1b\u56f4\uff0c\u4f7f Ethereans \u663e\u5f97\u8131\u8282\u3002\u9664\u975e Ethereans \u80fd\u591f\u7cbe\u7b80\u4ed6\u4eec\u7684\u4fe1\u606f\uff0c\u8db3\u4ee5\u7a81\u7834\u566a\u97f3\uff0c\u4ee5\u6e05\u6670\u3001\u53ef\u7406\u89e3\u548c\u7406\u89e3\u7684\u65b9\u5f0f\u89e3\u91ca\u4ed6\u4eec\u7684\u65b9\u6cd5\u3002<\/p>\n 2\u3001ETF \u4f1a\u6539\u53d8\u5c40\u9762\u5417\uff1f<\/strong><\/p>\n \u6240\u6709\u8fd9\u4e9b\u56e0\u7d20\u5171\u540c\u5bfc\u81f4\u4e86 ETH \u7684\u8868\u73b0\u4e0d\u4f73\u4ee5\u53ca\u8fc7\u53bb\u51e0\u4e2a\u6708\u6765\u4ee5\u592a\u574a\u7684\u4f4e\u8ff7\u6c14\u6c1b\u3002<\/p>\n \u56e0\u6b64\uff0c\u73b0\u5728\u7684\u95ee\u9898\u662f\uff0cETF \u80fd\u5426\u5e2e\u52a9\u6539\u53d8\u8fd9\u4e00\u5c40\u9762\uff1f<\/p>\n \u6211\u8ba4\u4e3a\u4f1a\u3002\u6216\u8005\uff0c\u81f3\u5c11\u5728\u66f4\u5e7f\u6cdb\u7684\u73af\u5883\u548c\u5b8f\u89c2\u8d8b\u52bf\u4e0d\u5e72\u6270\u7684\u60c5\u51b5\u4e0b\uff0c\u5b83\u5e94\u8be5\u4f1a\u6539\u53d8\u5c40\u9762\u3002<\/p>\n \u8fd9\u662f\u56e0\u4e3a ETF \u7684\u6279\u51c6\u5c06\u89e3\u51b3\u5bfc\u81f4\u4ee5\u592a\u574a\u8868\u73b0\u4e0d\u4f73\u7684\u8bb8\u591a\u539f\u56e0\u3002<\/p>\n 1\uff09\u5b89\u5168\u6027\u95ee\u9898\u89e3\u51b3<\/strong><\/p>\n \u9996\u5148\uff0cETF \u7684\u6279\u51c6\u6d88\u9664\u4e86\u5927\u90e8\u5206\u5173\u4e8e\u4ee5\u592a\u574a\u662f\u5426\u4f1a\u88ab\u8ba4\u5b9a\u4e3a\u8bc1\u5238\u7684\u62c5\u5fe7\u548c\u4e0d\u786e\u5b9a\u6027\u3002<\/p>\n \u867d\u7136 SEC \u4ecd\u6709\u53ef\u80fd\u5bf9\u8d28\u62bc\u7684 ETH \u91c7\u53d6\u67d0\u4e9b\u884c\u52a8\uff0c\u4f46\u8fd9\u79cd\u60c5\u51b5\u7684\u5f71\u54cd\u4e0d\u4f1a\u50cf\u5c06 ETH \u672c\u8eab\u8ba4\u5b9a\u4e3a\u8bc1\u5238\u90a3\u6837\u4e25\u91cd\u3002\u56e0\u6b64\uff0c\u8d22\u52a1\u4e0a\u7684\u8d1f\u9762\u5f71\u54cd\u8981\u5c0f\u5f97\u591a\u3002<\/p>\n \u800c\u4e14\uff0c\u5373\u4fbf\u662f\u8fd9\u79cd\u5a01\u80c1\uff0c\u73b0\u5728\u770b\u8d77\u6765\u4e5f\u76f8\u5bf9\u4e0d\u592a\u53ef\u80fd\u53d1\u751f\u3002<\/p>\n ETF \u7684\u6279\u51c6\u4f3c\u4e4e\u662f\u6c11\u4e3b\u515a\u7684\u4e00\u9879\u653f\u6cbb\u4e3e\u63aa\uff0c\u4ed6\u4eec\u8bd5\u56fe\u5728\u9009\u4e3e\u524d\u4e3a\u81ea\u5df1\u4e89\u53d6\u6709\u5229\u4f4d\u7f6e\u3002<\/p>\n \u5982\u679c\u4ed6\u4eec\u786e\u5b9e\u5e0c\u671b\u5438\u5f15\u52a0\u5bc6\u8d27\u5e01\u9009\u6c11\u2014\u2014\u6216\u81f3\u5c11\u4e0d\u8ba9\u4ed6\u4eec\u611f\u5230\u5bb3\u6015\u2014\u2014\u90a3\u4e48\u8ffd\u6c42\u50cf\u653b\u51fb\u7b2c\u4e8c\u5927\u52a0\u5bc6\u8d44\u4ea7\u8fd9\u6837\u7684\u6fc0\u8fdb\u884c\u52a8\u663e\u7136\u662f\u4e0d\u660e\u667a\u7684\u3002<\/p>\n \u56e0\u6b64\uff0c\u4ee5\u592a\u574a\u7a81\u7136\u6446\u8131\u4e86\u56f0\u5883\uff0c\u4e4b\u524d\u907f\u514d\u6295\u8d44 ETH \u7684\u4e3b\u8981\u8bba\u70b9\u4e5f\u88ab\u63a8\u7ffb\u4e86\u3002<\/p>\n 2\uff09\u5438\u5f15\u65b0\u4e70\u5bb6<\/strong><\/p>\n ETF \u8fd8\u5c06\u5e2e\u52a9\u89e3\u51b3\u4ee5\u592a\u574a\u7f3a\u4e4f\u4e70\u5bb6\u7684\u95ee\u9898\u3002<\/p>\n \u5b83\u4e0d\u4ec5\u5c06\u4ee5\u592a\u574a\u5f15\u5165\u4e00\u4e2a\u5168\u65b0\u4e14\u6781\u5176\u5bcc\u6709\u7684\u673a\u6784\u6295\u8d44\u8005\u7fa4\u4f53\uff0c\u8fd8\u4f1a\u7ed9\u52a0\u5bc6\u8d27\u5e01\u539f\u4f4f\u6c11\u4e00\u4e2a\u91cd\u65b0\u8d2d\u4e70 ETH \u7684\u7406\u7531\u3002<\/p>\n \u8bb8\u591a\u52a0\u5bc6\u8d27\u5e01\u539f\u4f4f\u6c11\u53ef\u80fd\u4f1a\u56e0\u4e3a ETF \u7684\u6279\u51c6\u800c\u611f\u5230\u63aa\u624b\u4e0d\u53ca\u3002\u4ed6\u4eec\u53ef\u80fd\u5728\u725b\u5e02\u65e9\u671f\u5c06 ETH \u5356\u51fa\uff0c\u8f6c\u800c\u6295\u8d44\u66f4\u5177\u5438\u5f15\u529b\u548c\u8868\u73b0\u66f4\u597d\u7684\u8d44\u4ea7\u3002\u4f46\u73b0\u5728\u4ed6\u4eec\u7684\u6301\u4ed3\u4e0d\u8db3\uff0c\u4f1a\u60f3\u8981\u8fdb\u884c\u8c03\u6574\u3002<\/p>\n \u4e0e\u6b64\u540c\u65f6\uff0c\u4ea4\u6613\u5458\u548c\u77ed\u671f\u6295\u8d44\u8005\u53ef\u80fd\u4f1a\u6d8c\u56de ETH\uff0c\u8bd5\u56fe\u62a2\u5148\u8d2d\u4e70\u5e76\u9884\u6d4b ETF \u7684\u63a8\u51fa\u3002<\/p>\n \u7136\u540e\uff0c\u4e00\u65e6 ETF \u4e0a\u7ebf\uff0c\u4f20\u7edf\u91d1\u878d\u8d44\u91d1\u5c06\u4e3b\u5bfc\u4ef7\u683c\u8d70\u52bf\u3002<\/p>\n \u6211\u4e0d\u671f\u671b\u8fd9\u4e9b\u57fa\u91d1\u7684\u8868\u73b0\u80fd\u50cf\u6bd4\u7279\u5e01 ETF \u90a3\u6837\u51fa\u8272\uff0c\u4f46\u6211\u8ba4\u4e3a\u5b83\u4eec\u5bf9 ETH \u4ef7\u683c\u7684\u5f71\u54cd\u548c\u8868\u73b0\u5e94\u5728\u5e02\u573a\u89c4\u6a21\u4e0a\u76f8\u5bf9\u7c7b\u4f3c\u3002<\/p>\n \u4ece\u957f\u8fdc\u6765\u770b\uff0cETF \u4e3a\u5927\u91cf\u8d22\u5bcc\u6d41\u5165 ETH \u548c\u4ee5\u592a\u574a\u751f\u6001\u7cfb\u7edf\u6253\u5f00\u4e86\u5927\u95e8\u3002\u7b80\u800c\u8a00\u4e4b\uff0cETF \u5e94\u8be5\u4f1a\u5728\u77ed\u671f\u548c\u957f\u671f\u5185\u5438\u5f15\u65b0\u7684\u4e70\u5bb6\u548c\u8d44\u91d1\u6d41\u5165\u4ee5\u592a\u574a\uff0c\u8fd9\u6b63\u662f ETH \u91cd\u65b0\u5f00\u59cb\u4e0a\u6da8\u6240\u9700\u8981\u7684\u3002<\/p>\n 3\uff09\u91cd\u7f6e\u53d9\u4e8b<\/strong><\/p>\n \u6211\u4eec\u5df2\u7ecf\u770b\u5230\uff0c\u4ef7\u683c\u8d70\u52bf\u548c\u53d9\u4e8b\u662f\u7d27\u5bc6\u76f8\u8fde\u7684\u3002<\/p>\n \u5982\u679c ETF \u7684\u5174\u594b\u548c\u62a2\u8dd1\u884c\u4e3a\u786e\u5b9e\u4f7f ETH \u5728\u77ed\u671f\u5185\u8868\u73b0\u4f18\u4e8e\u5176\u4ed6\u8d44\u4ea7\uff0c\u8fd9\u53ef\u80fd\u8db3\u4ee5\u542f\u52a8\u53d9\u4e8b\u98de\u8f6e\u3002<\/p>\n \u81f3\u5c11\uff0c\u6b63\u9762\u7684\u4ef7\u683c\u8d70\u52bf\u4f1a\u51cf\u5c11\u5bf9\u7ade\u4e89\u5bf9\u624b\u5982 Solana \u548c Bitcoin \u4fb5\u8680\u4ee5\u592a\u574a\u9886\u57df\u7684\u62c5\u5fe7\u3002\u867d\u7136\u4ef7\u683c\u8d70\u52bf\u5bf9\u8206\u8bba\u7684\u5f71\u54cd\u6709\u4e9b\u8352\u8c2c\uff0c\u4f46\u8fd9\u786e\u5b9e\u662f\u5e38\u89c1\u7684\u73b0\u8c61\u3002<\/p>\n \u4f46 ETF \u6279\u51c6\u5e26\u6765\u7684\u6700\u5927\u53d9\u4e8b\u597d\u5904\u662f\uff0c\u5b83\u63d0\u9192\u4eba\u4eec\u4ee5\u592a\u574a\u4e0e\u5176\u4ed6\u300c\u5c71\u5be8\u5e01\u300d\u76f8\u6bd4\u7684\u72ec\u7279\u6027\u548c\u7279\u6b8a\u6027\u3002<\/p>\n \u6700\u7ec8\uff0c\u53ea\u6709\u4e24\u79cd\u52a0\u5bc6\u8d44\u4ea7\u88ab\u8ba4\u4e3a\u8db3\u591f\u53ef\u9760\u548c\u53d7\u5c0a\u656c\uff0c\u53ef\u4ee5\u5728\u4e0d\u4e45\u7684\u5c06\u6765\u62e5\u6709 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\u6210\u4e3a\u52a0\u5bc6\u539f\u4f4f\u6c11\u9ed8\u8ba4\u8d44\u4ea7\u7684\u878d\u5408\u76f8\u540c\u3002\u8db3\u591f\u5b89\u5168\u4ee5\u4f9b\u6295\u8d44\uff0c\u4f46\u4ecd\u7136\u80fd\u63d0\u4f9b\u5de8\u5927\u7684\u56de\u62a5\u3002<\/p>\n \u901a\u8fc7\u6b63\u786e\u7684\u8425\u9500\uff0c\u4ee5\u592a\u574a\u751a\u81f3\u53ef\u80fd\u5728\u4f20\u7edf\u6295\u8d44\u8005\u4e2d\u53d8\u5f97\u6bd4\u6bd4\u7279\u5e01\u66f4\u53d7\u6b22\u8fce\u3002<\/p>\n \u6bd4\u7279\u5e01\u5728\u5e02\u573a\u4e0a\u5df2\u7ecf\u6709\u4e86\u5de8\u5927\u7684\u5148\u53d1\u4f18\u52bf\u548c\u66f4\u597d\u7684\u54c1\u724c\u8ba4\u77e5\uff0c\u4f46\u5b83\u7684\u6545\u4e8b\u4e5f\u76f8\u5bf9\u5e73\u6de1\u3002<\/p>\n \u5927\u591a\u6570\u4eba\u5e76\u4e0d\u7279\u522b\u5173\u5fc3\u9ec4\u91d1\uff0c\u56e0\u6b64\u4ed6\u4eec\u4e5f\u53ef\u80fd\u4e0d\u5173\u5fc3\u6570\u5b57\u9ec4\u91d1\u3002\u4f46\u662f\u5f88\u591a\u4eba\u559c\u6b22\u90a3\u4e9b\u5feb\u901f\u589e\u957f\u5e76\u4ea7\u751f\u5b9e\u9645\u56de\u62a5\u7684\u79d1\u6280\u6295\u8d44\u2014\u2014\u8fd9\u542c\u8d77\u6765\u66f4\u50cf\u662f\u4ee5\u592a\u574a\u3002<\/p>\n \u5c3d\u7ba1\u5982\u6b64\uff0c\u4f20\u7edf\u91d1\u878d\u4eba\u58eb\u53ef\u80fd\u5df2\u7ecf\u5c06\u6bd4\u7279\u5e01\u89c6\u4e3a\u4e00\u79cd\u5177\u6709\u9ad8\u98ce\u9669\u548c\u9ad8\u6f5c\u529b\u7684\u5f02\u57df\u8d44\u4ea7\uff0c\u56e0\u6b64\u4ed6\u4eec\u53ef\u80fd\u4e0d\u613f\u610f\u8fdb\u4e00\u6b65\u4e0b\u63a2\u98ce\u9669\u66f2\u7ebf\u2014\u2014\u5373\u4f7f\u56de\u62a5\u53ef\u80fd\u7565\u9ad8\u3002<\/p>\n \u56e0\u6b64\uff0c\u6211\u8ba4\u4e3a ETH \u91cd\u65b0\u6210\u4e3a\u9ed8\u8ba4\u8d44\u4ea7\u7684\u673a\u4f1a\u76f8\u5bf9\u8f83\u4f4e\u2014\u2014\u81f3\u5c11\u5728\u77ed\u671f\u5185\u662f\u8fd9\u6837\u3002\u4f46\u5982\u679c\u6709\u8db3\u591f\u7684\u65f6\u95f4\u548c\u660e\u786e\u7684\u4fe1\u606f\uff0c\u8fd9\u5e76\u975e\u4e0d\u53ef\u60f3\u8c61\u3002<\/p>\n \u5373\u4f7f\u8fd9\u6c38\u8fdc\u4e0d\u4f1a\u53d1\u751f\uff0cETF \u7684\u63a8\u51fa\u4e5f\u5c06\u662f\u4e00\u4e2a\u91cd\u8981\u65f6\u523b\u2014\u2014\u51e0\u4e4e\u662f\u4e00\u4e2a\u91cd\u7f6e\u70b9\u2014\u2014\u5bf9\u4ee5\u592a\u574a\u53ca\u5176\u53d9\u4e8b\u6765\u8bf4\u3002<\/p>\n \u81f3\u5c11\uff0c\u8fd9\u4f7f\u4ee5\u592a\u574a\u4e0e\u5176\u4ed6\u667a\u80fd\u5408\u7ea6\u5e73\u53f0\u6709\u6240\u533a\u522b\uff0c\u5e76\u5728 Solana \u7684\u6301\u7eed\u51b2\u51fb\u4e4b\u540e\u63d0\u4f9b\u4e86\u4e00\u4e9b\u5598\u606f\u7a7a\u95f4\u3002\u5b83\u5e94\u8be5\u5e2e\u52a9 ETH \u4e0e\u6bd4\u7279\u5e01\u548c Solana \u4e00\u8d77\u4e0a\u6da8\uff0c\u800c\u4e0d\u662f\u88ab\u5b83\u4eec\u541e\u566c\u3002\u5728\u7ecf\u5386\u4e86\u957f\u65f6\u95f4\u7684\u7ade\u4e89\u5bf9\u624b\u4fb5\u8680\u4e4b\u540e\uff0c\u6211\u8ba4\u4e3a\u5f88\u591a\u4ee5\u592a\u574a\u652f\u6301\u8005\u4f1a\u5c06\u5176\u89c6\u4e3a\u4e00\u79cd\u80dc\u5229\u3002<\/p>\n 4\uff09\u4e13\u4e1a\u8425\u9500<\/strong><\/p>\n ETF \u7684\u63a8\u51fa\u751a\u81f3\u53ef\u80fd\u5e2e\u52a9\u4ee5\u592a\u574a\u89e3\u51b3\u8425\u9500\u95ee\u9898\u3002<\/p>\n \u4e00\u65e6 ETF \u4e0a\u7ebf\uff0cETF \u53d1\u884c\u5546\u5c06\u8d1f\u8d23\u5411\u6f5c\u5728\u5ba2\u6237\u63a8\u5e7f\u4ed6\u4eec\u7684\u4ea7\u54c1\u3002\u8fd9\u610f\u5473\u7740\u4ed6\u4eec\u9700\u8981\u5f00\u59cb\u7528\u7b80\u5355\u7684\u672f\u8bed\u89e3\u91ca\u4ee5\u592a\u574a\u662f\u4ec0\u4e48\u2014\u2014\u907f\u514d\u6280\u672f\u672f\u8bed\u548c\u8fc7\u4e8e\u590d\u6742\u7684\u672f\u8bed\u3002<\/p>\n \u867d\u7136\u8fd9\u5bf9\u52a0\u5bc6\u8d27\u5e01\u539f\u4f4f\u6c11\u6765\u8bf4\u53ef\u80fd\u6709\u4e9b\u4e3a\u65f6\u5df2\u665a\uff0c\u4f46\u8fd9\u5e94\u8be5\u610f\u5473\u7740\u4f20\u7edf\u91d1\u878d\u4eba\u58eb\u5bf9\u4ee5\u592a\u574a\u6709\u4e00\u4e2a\u7a0d\u5fae\u66f4\u597d\u7684\u4ecb\u7ecd\u3002\u8c01\u77e5\u9053\u5462\uff0c\u4e5f\u8bb8\u4e00\u4e9b\u4ee5\u592a\u574a\u652f\u6301\u8005\u4f1a\u5438\u6536\u4e00\u4e9b\u8425\u9500\u672f\u8bed\uff0c\u4ece\u800c\u6539\u5584\u4ed6\u4eec\u81ea\u5df1\u7684\u63a8\u5e7f\u5de5\u4f5c\u3002<\/p>\n 5\uff09\u51cf\u5c11\u7a00\u91ca<\/strong><\/p>\n ETF \u8fd8\u5e94\u6709\u52a9\u4e8e\u7f13\u89e3\u7a00\u91ca\u95ee\u9898\u3002<\/p>\n \u5f53\u7136\uff0c\u52a0\u5bc6\u8d27\u5e01\u539f\u4f4f\u6c11\u4ecd\u7136\u4f1a\u5c06\u8d44\u91d1\u5206\u914d\u5230\u5404\u79cd\u4e0e\u4ee5\u592a\u574a\u76f8\u5173\u7684\u8d44\u4ea7\u4e2d\uff0c\u4ee5\u671f\u83b7\u5f97\u6700\u5927\u7684\u56de\u62a5\u3002<\/p>\n \u7136\u800c\uff0cETF \u672c\u8eab\u5c06\u4ec5\u9650\u4e8e\u666e\u901a ETH\u3002\u6240\u6709\u8d44\u91d1\u6d41\u5165\u90fd\u4f1a\u96c6\u4e2d\u5728\u4ee5\u592a\u574a\u4e0a\u3002\u6839\u636e\u53d1\u884c\u7684\u6210\u529f\u7a0b\u5ea6\uff0c\u8fd9\u53ef\u80fd\u610f\u5473\u7740\u5927\u91cf\u8d44\u91d1\u6d8c\u5165\u5355\u4e00\u8d44\u4ea7\u2014\u2014\u8fd9\u53ef\u80fd\u4f1a\u62b5\u6d88\u52a0\u5bc6\u8d27\u5e01\u539f\u4f4f\u6c11\u4e4b\u95f4\u7684\u7a00\u91ca\u6548\u5e94\u3002<\/p>\n 3\u3001\u4f46\u662f\u5426\u5b58\u5728\u98ce\u9669\uff1f<\/strong><\/p>\n \u4ece\u8fd9\u4e9b\u5206\u6790\u6765\u770b\uff0cETF \u5c06\u89e3\u51b3\u51e0\u4e4e\u6240\u6709\u5bfc\u81f4\u4ee5\u592a\u574a\u8868\u73b0\u4e0d\u4f73\u548c\u8d1f\u9762\u524d\u666f\u7684\u95ee\u9898\u3002<\/p>\n \u4e00\u4e9b\u6539\u8fdb\u53ef\u80fd\u9700\u8981\u65f6\u95f4\u624d\u80fd\u663e\u73b0\u6548\u679c\u2014\u2014\u7279\u522b\u662f\u50cf\u8425\u9500\u53d8\u5316\u548c\u65b0\u673a\u6784\u6295\u8d44\u8005\u7684\u5f15\u5165\u2014\u2014\u4f46\u6211\u4eec\u5e94\u8be5\u5728\u672a\u6765 12 \u5230 18 \u4e2a\u6708\u5185\u5f00\u59cb\u611f\u53d7\u5230\u8fd9\u4e9b\u597d\u5904\u3002<\/p>\n \u5982\u679c\u60c5\u51b5\u5982\u6b64\uff0c\u90a3\u4e48\u5f88\u5408\u7406\u5730\u8ba4\u4e3a\uff0cETF \u5c06\u5524\u9192\u4ee5\u592a\u574a\uff0c\u63a8\u52a8\u4ef7\u683c\u4e0a\u6da8\uff0c\u5e76\u4e3a\u8be5\u9886\u57df\u5e26\u6765\u66f4\u79ef\u6781\u7684\u6001\u5ea6\u3002<\/p>\n \u4f46\u5f53\u7136\uff0c\u65e0\u6cd5\u4fdd\u8bc1\u4e00\u5207\u987a\u5229\u3002\u5b58\u5728\u8bb8\u591a\u53ef\u80fd\u5bfc\u81f4\u5931\u8d25\u7684\u98ce\u9669\uff0c\u4ee5\u592a\u574a\u53ef\u80fd\u7ee7\u7eed\u4f4e\u8ff7\u3002<\/p>\n \u5982\u4eca\uff0c\u4eba\u4eec\u66f4\u503e\u5411\u4e8e\u76f8\u4fe1\u5173\u4e8e\u4ee5\u592a\u574a\u7684\u8d1f\u9762\u6d88\u606f\u3002\u5f53\u8d1f\u9762\u60c5\u7eea\u5b58\u5728\u8fd9\u4e48\u957f\u65f6\u95f4\u65f6\uff0c\u8fd9\u5c31\u662f\u5e38\u89c1\u7684\u60c5\u51b5\u3002\u56e0\u6b64\uff0c\u5728\u8fd9\u4e9b\u57fa\u91d1\u63a8\u51fa\u65f6\uff0c\u4ee5\u592a\u574a\u7279\u522b\u5bb9\u6613\u53d7\u5230\u4efb\u4f55\u8d1f\u9762\u610f\u5916\u6216\u4ef7\u683c\u505c\u6ede\u7684\u51b2\u51fb\u3002\u6bd5\u7adf\uff0c\u8fd9\u5c06\u8bc1\u5b9e\u6bcf\u4e2a\u4eba\u5bf9\u4ee5\u592a\u574a\u65f6\u4ee3\u5df2\u8fc7\u3001\u4ee5\u592a\u574a\u6b63\u8d70\u5411\u8870\u4ea1\u7684\u65e2\u6709\u504f\u89c1\u3002<\/p>\n \u5728\u6700\u574f\u7684\u60c5\u51b5\u4e0b\uff0c\u8fd9\u79cd\u6d88\u6781\u6001\u5ea6\u751a\u81f3\u53ef\u80fd\u4ece\u52a0\u5bc6 Twitter \u6269\u6563\u5230\u66f4\u5e7f\u6cdb\u7684\u4e16\u754c\uff0c\u4ece\u800c\u5bfc\u81f4\u5bf9 ETF \u7684\u9700\u6c42\u51cf\u5f31\u3002\u6211\u4e0d\u4e00\u5b9a\u9884\u671f\u8fd9\u79cd\u60c5\u51b5\u53d1\u751f\uff0c\u4f46\u4eba\u4eec\u5e76\u4e0d\u603b\u662f\u7406\u6027\u7684\uff0c\u60c5\u7eea\u53ef\u4ee5\u5728\u6295\u8d44\u51b3\u7b56\u4e2d\u53d1\u6325\u91cd\u8981\u4f5c\u7528\u2014\u2014\u5373\u4f7f\u662f\u6240\u8c13\u7684\u300c\u806a\u660e\u94b1\u300d\u3002<\/p>\n \u663e\u800c\u6613\u89c1\u7684\u77ed\u671f\u98ce\u9669\u5305\u62ec ETF \u8d44\u91d1\u6d41\u5165\u8fdc\u4f4e\u4e8e\u9884\u671f\u6216 Grayscale \u8d44\u91d1\u6d41\u51fa\u9ad8\u4e8e\u9884\u671f\u3002\u65e0\u8bba\u54ea\u79cd\u60c5\u51b5\uff0c\u4ee5\u592a\u574a\u90fd\u53ef\u80fd\u53d7\u5230\u76f8\u5f53\u5927\u7684\u5f71\u54cd\u3002<\/p>\n \u4ece\u957f\u671f\u6765\u770b\uff0c\u6700\u5927\u7684\u95ee\u9898\u662f\u4ee5\u592a\u574a\u672a\u80fd\u786e\u7acb\u81ea\u5df1\u4f5c\u4e3a\u4f20\u7edf\u91d1\u878d\u9886\u57df\u6709\u8da3\u6216\u503c\u5f97\u6295\u8d44\u7684\u8d44\u4ea7\u3002\u4ed6\u4eec\u4f3c\u4e4e\u5bf9\u6bd4\u7279\u5e01\u6709\u4e00\u5b9a\u5174\u8da3\uff0c\u56e0\u6b64\u6211\u4eec\u90fd\u5047\u8bbe\u4ed6\u4eec\u4e5f\u4f1a\u559c\u6b22\u4ee5\u592a\u574a\uff0c\u4f46\u6211\u4eec\u8fd8\u4e0d\u771f\u6b63\u77e5\u9053\u8fd9\u4e00\u70b9\u3002\u663e\u7136\uff0c\u5bf9\u4ee5\u592a\u574a ETF \u7684\u70ed\u60c5\u8fdc\u4e0d\u53ca\u6bd4\u7279\u5e01 ETF\u2014\u2014\u5c3d\u7ba1\u8fd9\u5728\u610f\u6599\u4e4b\u4e2d\u3002\u4f46\u5982\u679c\u4ee5\u592a\u574a\u5728\u4e3b\u6d41\u821e\u53f0\u4e0a\u4eae\u76f8\u5e76\u63a8\u51fa\u8425\u9500\u6750\u6599\u540e\u4ecd\u65e0\u6cd5\u5f15\u8d77\u5174\u8da3\u6216\u4ea7\u751f\u4efb\u4f55\u5174\u594b\u611f\uff0c\u90a3\u4e48\u5b83\u53ef\u80fd\u4f1a\u9762\u4e34\u9ebb\u70e6\u3002<\/p>\n 4\u3001\u8fd9\u662f\u5426\u771f\u7684\u91cd\u8981\uff1f<\/strong><\/p>\n \u6700\u540e\u4e00\u4e2a\u503c\u5f97\u601d\u8003\u7684\u95ee\u9898\u662f\uff1a\u300c\u8fd9\u4e9b\u771f\u7684\u91cd\u8981\u5417\uff1f\u300d<\/p>\n \u5373\u4f7f ETH \u7684\u4ef7\u683c\u8868\u73b0\u4e0d\u4f73\u53c8\u5982\u4f55\uff1f\u4ee5\u592a\u574a\u7684\u8fd0\u4f5c\u65b9\u5f0f\u4e0d\u4f1a\u56e0\u4e3a ETH \u7684\u4ef7\u683c\u6ce2\u52a8\u800c\u6539\u53d8\u3002\u65e0\u8bba ETH \u503c 10 \u7f8e\u5143\u8fd8\u662f 10,000 \u7f8e\u5143\uff0c\u7f51\u7edc\u7684\u529f\u80fd\u90fd\u662f\u76f8\u540c\u7684\u2014\u2014\u5c3d\u7ba1\u5b89\u5168\u6027\u53ef\u80fd\u6709\u6240\u4e0d\u540c\u3002<\/p>\n \u6b64\u5916\uff0c\u8fd9\u4e00\u5207\u90fd\u975e\u5e38\u5173\u6ce8\u77ed\u671f\u60c5\u51b5\uff0c\u800c\u4ee5\u592a\u574a\u5173\u6ce8\u7684\u662f\u53ef\u6301\u7eed\u53d1\u5c55\u548c\u957f\u671f\u76ee\u6807\u3002<\/p>\n 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