{"id":1385,"date":"2025-07-15T03:05:19","date_gmt":"2025-07-14T19:05:19","guid":{"rendered":"https:\/\/www.db-hk.com\/?p=1385"},"modified":"2025-07-15T03:05:19","modified_gmt":"2025-07-14T19:05:19","slug":"%e5%8d%8e%e5%b0%94%e8%a1%97%e6%9c%ba%e6%9e%84%ef%bc%8c%e7%9b%af%e4%b8%8a%e4%ba%86%e5%b1%b1%e5%af%a8%e5%b8%81%e5%b8%82%e5%9c%ba","status":"publish","type":"post","link":"http:\/\/www.fubairui.net\/?p=1385","title":{"rendered":"\u534e\u5c14\u8857\u673a\u6784\uff0c\u76ef\u4e0a\u4e86\u5c71\u5be8\u5e01\u5e02\u573a"},"content":{"rendered":"

\u725b\u5e02\u70ed\u6f6e\u8fd8\u5728\u8513\u5ef6\uff0c\u5c3d\u7ba1\u6bd4\u7279\u5e01\u51b2\u9ad8\u56de\u843d\uff0c\u4f46\u4ee5\u592a\u574a\u5374\u4e00\u6539\u9893\u52bf\u7a81\u7834 3600 \u7f8e\u5143\uff0cDefi\u3001Layer2 \u7b49\u591a\u4e2a\u677f\u5757\u8fce\u6765\u666e\u6da8\uff0c\u5c71\u5be8\u5e01\u5e02\u573a\u7ec8\u4e8e\u9690\u9690\u5f00\u59cb\u7115\u53d1\u65b0\u751f\u3002\u4f46\u5728\u6570\u65e5\u524d\uff0c\u5883\u9047\u5374\u8fd8\u5927\u4e0d\u76f8\u540c\uff0c\u5f7c\u65f6\u6bd4\u7279\u5e01\u63a5\u8fd1 10 \u4e07\u7f8e\u5143\uff0c\u5c71\u5be8\u5e01\u5374\u54c0\u53f7\u904d\u91ce\uff0c\u5e02\u573a\u4e00\u7247\u65ad\u5c3e\u6c42\u751f\u4e4b\u52bf\u3002<\/p>\n

\u5c71\u5be8\u60e8\u6de1\uff0c\u4f46\u534e\u5c14\u8857\u5374\u8d77\u4e86\u5fc3\u601d\u3002\u5728\u524d\u6240\u672a\u89c1\u7684\u76d1\u7ba1\u5229\u597d\u4e0b\uff0c\u534e\u5c14\u8857\u76ef\u4e0a\u4e86\u5c71\u5be8\u5e01 ETF\uff0c\u4e5f\u987a\u52bf\u7ed9\u6c89\u5bc2\u5df2\u4e45\u7684\u5c71\u5be8\u5e02\u573a\u9001\u4e86\u4e00\u628a\u51ac\u65e5\u7684\u70ad\u706b\u3002<\/p>\n

\u5c31\u5728\u4e00\u5468\u524d\uff0c\u6bd4\u7279\u5e01\u6301\u7eed\u7a81\u7834\u89e6\u53ca 9.9 \u4e07\u7f8e\u5143\u767b\u4e0a\u5404\u5927\u5a92\u4f53\u5934\u6761\uff0c\u4f46\u5411\u6765\u6d3b\u8dc3\u7684\u793e\u533a\u5374\u7f55\u89c1\u8868\u73b0\u6c89\u9ed8\u3002\u5728\u672c\u8f6e\u673a\u6784\u5316\u4e3b\u5bfc\u7684\u725b\u5e02\u4e2d\uff0c\u591a\u6570\u5e02\u573a\u53c2\u4e0e\u8005\u5e76\u672a\u5f97\u5230\u6d41\u52a8\u6027\u6ea2\u51fa\uff0c\u53cd\u800c\u6301\u6709\u7684\u5c71\u5be8\u5e01\u79cd\u88ab\u6bd4\u7279\u5e01\u4e0d\u65ad\u5438\u8840\uff0c\u5448\u73b0\u9634\u8dcc\u5f62\u6001\uff0c\u5bf9\u6bd4\u8f70\u8f70\u70c8\u70c8\u7684\u725b\u5e02\u5ba3\u4f20\uff0c\u8ba9\u53c2\u4e0e\u8005\u9887\u6709\u6709\u82e6\u5728\u5fc3\u53e3\u96be\u5f00\u4e4b\u611f\u3002<\/p>\n

\u4e00\u4e2a\u5178\u578b\u7684\u4f8b\u5b50\u662f\u4ee5\u592a\u574a\uff0c\u76f8\u6bd4\u5176\u4ed6\u5c71\u5be8\u5e01\uff0cETH \u5df2\u662f\u516c\u8ba4\u7684\u4e3b\u6d41\u5e01\u79cd\uff0c\u4f46\u4ece\u4ef7\u683c\u8d70\u52bf\u800c\u8a00\uff0c\u76f8\u5bf9\u6da8\u52bf\u8fdc\u4e0d\u53ca\u6bd4\u7279\u5e01\uff0cETH \u4e0e BTC \u4e4b\u95f4\u7684\u6c47\u7387\u5728\u5e74\u5185\u6301\u7eed\u964d\u4f4e\uff0c\u4ece 0.053 \u4e00\u8def\u6700\u4f4e\u89e6\u8fbe 0.032\uff0c\u76f4\u5230\u8fd1\u65e5\u624d\u5f00\u59cb\u53cd\u5f39\u3002\u8fde\u4ee5\u592a\u574a\u90fd\u662f\u5982\u6b64\uff0c\u5176\u4ed6\u5e01\u79cd\u5c31\u66f4\u662f\u4e0d\u9051\u591a\u8ba9\u3002<\/p>\n

\n
\"\u534e\u5c14\u8857\u673a\u6784\uff0c\u76ef\u4e0a\u4e86\u5c71\u5be8\u5e01\u5e02\u573a\"\"\u534e\u5c14\u8857\u673a\u6784\uff0c\u76ef\u4e0a\u4e86\u5c71\u5be8\u5e01\u5e02\u573a\"<\/figure>\n<\/div>\n

\u4f46\u5c31\u5728\u8fd1\u65e5\uff0c\u6c89\u5bc2\u7684\u5c71\u5be8\u5e01\u5e02\u573a\u597d\u50cf\u6d3b\u4e86\u8d77\u6765\u3002SoL\u3001XRP\u3001LTC \u548c Link \u7b49\u5e01\u79cd\u4e0a\u5468\u672b\u7387\u5148\u542f\u52a8\uff0cSolana \u7684 DEX \u65e5\u5747\u4ea4\u6613\u91cf\u7a81\u7834 60 \u4ebf\u7f8e\u5143\uff0cXRP \u51b2\u9ad8\u81f3 1.63 \u7f8e\u5143\u3002\u800c\u4eca\u65e5\u4e0a\u5348\uff0c\u4ee5\u592a\u574a\u66f4\u662f\u5f3a\u52bf\u4e0a\u6da8\u7a81\u7834 3600 \u7f8e\u5143\uff0c\u5c71\u5be8\u5e01\u677f\u5757\u8fce\u6765\u666e\u6da8\uff0cDefi \u677f\u5757 24 \u5c0f\u65f6\u4e0a\u6da8\u66f4\u662f 8.47%\u3002<\/p>\n

\u8bba\u53ca\u5c71\u5be8\u4e0a\u6da8\u7684\u539f\u56e0\uff0c\u9664\u4e86\u725b\u5e02\u5e26\u6765\u7684\u60c5\u7eea\u5229\u597d\u5916\uff0c\u534e\u5c14\u8857\u529f\u4e0d\u53ef\u6ca1\uff0c\u800c ETF\uff0c\u5c31\u662f\u6700\u76f4\u89c2\u7684\u5448\u73b0\u3002<\/strong><\/p>\n

\u8ffd\u6eaf\u672c\u8f6e\u725b\u5e02\u5f00\u7aef\uff0c11 \u652f\u6bd4\u7279\u5e01\u73b0\u8d27 ETF \u5f15\u7206\u70ed\u6f6e\uff0c\u8d1d\u83b1\u5fb7\u3001\u5bcc\u8fbe\u7b49\u534e\u5c14\u8857\u5de8\u5934\u7684\u5165\u9a7b\u63a8\u52a8\u6bd4\u7279\u5e01\u4e3b\u6d41\u5316\u8fdb\u7a0b\uff0c\u4e5f\u8ba9\u5e02\u573a\u53c2\u4e0e\u52a0\u5bc6\u5e02\u573a\u7684\u95e8\u69db\u8fc5\u901f\u964d\u4f4e\u3002\u5728\u5f53\u65f6\uff0c\u6bd4\u7279\u5e01\u3001\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u5148\u540e\u901a\u8fc7\u5ba1\u6279\uff0c\u5e02\u573a\u5bf9\u4e0b\u4e00\u4e2a\u53ef\u8ba9\u534e\u5c14\u8857\u5fc3\u52a8\u7684\u4ee3\u5e01\u4f17\u8bf4\u7eb7\u7ead\u3002\u51fa\u4e8e\u5e02\u503c\u4e0e\u8d44\u672c\u8003\u91cf\uff0cSolana \u66fe\u662f\u547c\u58f0\u6700\u9ad8\u7684\u5e01\u79cd\u3002<\/p>\n

6 \u6708 27 \u65e5\uff0c\u8d44\u7ba1\u5de8\u5934 VanEck \u7387\u5148\u51fa\u624b\uff0c\u5411 SEC \u9012\u4ea4\u4e86\u5173\u4e8e\u300cVanEck Solana Trust\u300d\u7684 S-1 \u8868\u683c\uff0c\u7b2c\u4e8c\u65e5\uff0c21Shares \u7d27\u968f\u5176\u540e\u63d0\u4ea4\u4e86 S-1 \u7533\u8bf7\u30027 \u6708 8 \u65e5\uff0c\u829d\u52a0\u54e5\u671f\u6743\u4ea4\u6613\u6240 Cboe \u6b63\u5f0f\u4e3a VanEck \u548c 21Shares \u7684 Solana ETF \u63d0\u4ea4\u4e86 19b-4 \u6587\u4ef6\uff0c\u8ba9\u8fd9\u6ce2 SOL ETF \u7092\u4f5c\u6765\u5230\u4e86\u9ad8\u6f6e\u3002<\/p>\n

\u597d\u666f\u4e0d\u957f\uff0cSEC \u7684\u5f3a\u786c\u6001\u5ea6\u8fc5\u901f\u8ba9\u5c71\u5be8\u5e01 ETF \u964d\u6e29\u30028 \u6708\uff0c\u5e02\u573a\u6d88\u606f\u79f0 CBOE \u5df2\u5c06\u4e24\u53ea\u6f5c\u5728 Solana ETF \u7684 19b-4 \u7533\u8bf7\u4ece\u5176\u7f51\u7ad9\u7684\u300c\u5f85\u53d8\u66f4\u89c4\u5219\u300d\u9875\u9762\u4e2d\u79fb\u9664\uff0c\u5206\u6790\u5e08\u76f4\u8a00\u300c\u901a\u8fc7\u65e0\u671b\u300d\u3002<\/p>\n

\u4f46\u6765\u5230\u5982\u4eca\uff0c\u5e02\u573a\u8fd8\u5728\uff0c\u5883\u9047\u5374\u5df2\u5927\u4e0d\u76f8\u540c\u300211 \u6708 22 \u65e5\uff0cCboe BZX \u4ea4\u6613\u6240\u6587\u4ef6\u663e\u793a\uff0c\u8be5\u4ea4\u6613\u6240\u63d0\u8bae\u5728\u5176\u5e73\u53f0\u4e0a\u4e0a\u5e02\u548c\u4ea4\u6613\u56db\u79cd Solana \u76f8\u5173 ETF\u3002ETF \u5206\u522b\u7531 Bitwise\u3001VanEck\u300121Shares \u548c Canary Funds \u53d1\u8d77\uff0c\u5f52\u7c7b\u4e3a\u300c\u57fa\u4e8e\u5546\u54c1\u7684\u4fe1\u6258\u57fa\u91d1\u4efd\u989d\u300d\uff0c\u6309\u7167\u89c4\u5219 14.11(e)(4) \u7684\u89c4\u5b9a\u63d0\u4ea4\u3002\u82e5 SEC \u6b63\u5f0f\u53d7\u7406\uff0c\u6700\u7ec8\u5ba1\u6279\u622a\u6b62\u65e5\u671f\u9884\u8ba1\u5c06\u5728 2025 \u5e74 8 \u6708\u521d\u3002<\/p>\n

\u4e0d\u6b62 Solana\uff0c\u66f4\u591a\u7684 ETF \u4e5f\u5728\u8def\u4e0a\u3002\u5c31\u5728\u6700\u8fd1\u4e00\u4e2a\u6708\uff0c\u52a0\u5bc6\u6295\u8d44\u516c\u53f8 Canary Capital \u5411\u7f8e\u56fd SEC \u5148\u540e\u9012\u4ea4\u4e86 XRP\u3001Litecoin\u3001HBAR \u7b49\u4e09\u4e2a\u5e01\u79cd\u7684\u73b0\u8d27 ETF \u7533\u8bf7\u3002\u800c\u636e ETF Store \u603b\u88c1 Nate Geraci \u7684\u6d88\u606f\uff0c\u76ee\u524d\u81f3\u5c11\u6709\u4e00\u4e2a\u53d1\u884c\u4eba\u6b63\u5c1d\u8bd5 ADA\uff08Cardano\uff09\u6216 AVAX\uff08Avalanche\uff09\u7684 ETF \u7533\u8bf7\u3002<\/p>\n

\n
\"\u534e\u5c14\u8857\u673a\u6784\uff0c\u76ef\u4e0a\u4e86\u5c71\u5be8\u5e01\u5e02\u573a\"\"\u534e\u5c14\u8857\u673a\u6784\uff0c\u76ef\u4e0a\u4e86\u5c71\u5be8\u5e01\u5e02\u573a\"<\/figure>\n<\/div>\n

\u6d8c\u73b0\u7684\u5c71\u5be8\u5e01 ETF \u5f15\u53d1\u5e7f\u6cdb\u70ed\u8bae\uff0c\u8fdc\u5728\u5929\u8fb9\u7684\u8d44\u91d1\u6d41\u5165\u66f4\u662f\u8ba9\u5e02\u573a\u6cb8\u817e\uff0c\u52a0\u5bc6 ETF \u7684\u72c2\u91ce\u897f\u90e8\u771f\u7684\u8981\u6765\u4e86\u5417\uff1f<\/p>\n

\u4ece\u5ba2\u89c2\u7684\u89c4\u5f8b\u800c\u8a00\uff0c\u56de\u987e\u6b64\u524d\u6bd4\u7279\u5e01\u4e0e\u4ee5\u592a\u574a\u7684\u5ba1\u6279\u8fc7\u7a0b\uff0c\u52a0\u5bc6\u8d27\u5e01\u88ab\u6279\u51c6\u73b0\u8d27 ETF \u57fa\u672c\u9700\u8981\u6ee1\u8db3\u4e24\u5927\u9690\u6027\u8981\u6c42\uff0c\u4e00\u662f\u672a\u88ab\u8bc1\u76d1\u4f1a\u660e\u4ee4\u5b9a\u6027\u4e3a\u8bc1\u5238\uff1b\u4e8c\u662f\u9700\u6709\u5148\u884c\u6307\u6807\u8bc1\u660e\u5e02\u573a\u7a33\u5b9a\u6027\u4e0e\u4e0d\u53ef\u64cd\u7eb5\u6027\uff0c\u5178\u578b\u7684\u7279\u5f81\u662f\u4ee3\u5e01\u53ef\u5728\u7f8e\u56fd\u7684\u829d\u52a0\u54e5\u5546\u54c1\u4ea4\u6613\u6240\uff08CME\uff09\u4ea4\u6613\uff0c\u5373\u5148\u4e0a\u7ebf\u671f\u8d27\u5e02\u573a\u3002\u4ee5\u6b64\u6765\u770b\uff0c\u9664\u4e86\u6bd4\u7279\u5e01\u4e0e\u4ee5\u592a\u574a\uff0c\u76ee\u524d\u52a0\u5bc6\u5e02\u573a\u4f3c\u4e4e\u5e76\u65e0\u7b26\u5408\u6807\u51c6\u8005\u3002\u66f4\u4e3a\u4e2d\u5fc3\u5316\u7684\u8d27\u5e01\u5ba1\u6279\u66f4\u662f\u56f0\u96be\u91cd\u91cd\uff0c\u5c24\u5176\u662f SOL\uff0c\u4e0d\u4ec5\u4e2d\u5fc3\u5316\u7a81\u51fa\uff0c\u8fd8\u66fe\u5728\u7f8e SEC \u5bf9\u5e01\u5b89\u7684\u6307\u63a7\u4e2d\u88ab\u660e\u786e\u5217\u4e3a\u8bc1\u5238\u3002<\/p>\n

\u4f46\u5c3d\u7ba1\u5982\u6b64\uff0c\u5e02\u573a\u5bf9\u4e8e SOL\u3001XRP \u7684 ETF \u5ba1\u6279\u4ecd\u5448\u79ef\u6781\u6001\u5ea6\u3002\u5728 ETF \u9886\u57df\u9887\u6709\u6743\u5a01\u7684\u5f6d\u535a\u793e ETF \u5206\u6790\u5e08 James Seyffart \u8ba4\u4e3a\uff0cSOL\u3001XRP\u3001LTC \u548c HBAR ETF \u7684\u51b3\u7b56\u5ba1\u6279\u65f6\u95f4\u7ebf\u6216\u4f1a\u62c9\u957f\u5230 2025 \u5e74\u5e95\uff0cSEC \u53ef\u80fd\u4f1a\u5728\u4e24\u5e74\u5185\u6279\u51c6\u4e0e Solana \u76f8\u5173\u7684 ETF\u3002ETF Store \u603b\u88c1 Nate Geraci \u5c31\u663e\u5f97\u66f4\u4e3a\u4e50\u89c2\uff0c\u76f4\u8a00\u5230\u660e\u5e74\u5e74\u5e95\u4e4b\u524d\uff0cSolana ETF \u5c31\u5927\u6982\u7387\u83b7\u5f97\u6279\u51c6\u3002<\/p>\n

\u4e50\u89c2\u7684\u80cc\u540e\u81ea\u7136\u6709\u4fe1\u606f\u8fdb\u884c\u652f\u6491\uff0c\u6838\u5fc3\u56e0\u7d20\u6307\u5411\u4e86\u5373\u5c06\u4e0a\u4efb\u7684\u603b\u7edf\u7279\u6717\u666e\u3002\u7279\u6717\u666e\u5bf9\u4e8e\u52a0\u5bc6\u7684\u627f\u8bfa\u6b63\u5728\u79ef\u6781\u5151\u73b0\uff0c\u5185\u5916\u90e8\u76d1\u7ba1\u73af\u5883\u7684\u6539\u53d8\u7ed9\u4e88\u4e86\u52a0\u5bc6\u8d27\u5e01\u4ea7\u4e1a\u66f4\u4e3a\u5f3a\u70c8\u7684\u4fe1\u5fc3\u3002<\/strong><\/p>\n

\u4ece\u884c\u4e1a\u5185\u76d1\u7ba1\u800c\u8a00\uff0c\u52a0\u5bc6\u8d27\u5e01\u7684\u4e3b\u8981\u76d1\u7ba1\u90e8\u95e8 SEC \u5373\u5c06\u8fce\u6765\u6362\u8840\u3002\u73b0\u4efb SEC \u4e3b\u5e2d Gary Gensler \u81ea\u52a8\u9000\u4f4d\u8ba9\u8d24\uff0c\u5ba3\u5e03\u5c06\u5728 2025 \u5e74 1 \u6708 20 \u65e5\u7279\u6717\u666e\u6b63\u5f0f\u4e0a\u53f0\u4e4b\u65e5\u79bb\u804c\uff0c\u7ec8\u4e8e\u7ed9 SEC \u8fd1\u5e74\u6765\u7684\u4e25\u5bc6\u76d1\u7ba1\u6309\u4e0b\u4e86\u6682\u505c\u952e\u3002\u636e\u7edf\u8ba1\uff0c\u5728\u4efb\u671f\u95f4\uff0cGensler \u5bf9 Coinbase\u3001Kraken\u3001Robinhood\u3001OpenSea\u3001Uniswap \u3001MetaMask \u7b49\u591a\u4e2a\u5b9e\u4f53\u91c7\u53d6\u4e86\u6267\u6cd5\u884c\u52a8\uff0c\u7d2f\u8ba1\u5b8c\u6210\u4e86\u6570\u5343\u8d77\u6267\u6cd5\u6848\u4ef6\uff0c\u8ffd\u8ba8\u7ea6 210 \u4ebf\u7f8e\u5143\u7684\u7f5a\u6b3e\uff0c\u582a\u79f0\u4e1a\u5185\u77e5\u540d\u7684\u52a0\u5bc6\u53cd\u5bf9\u8005\u3002<\/p>\n

\u5c3d\u7ba1\u4e0b\u4e00\u4efb SEC \u4e3b\u5e2d\u4eba\u9009\u5c1a\u672a\u9009\u5b9a\uff0c\u4f46\u77e5\u60c5\u4eba\u58eb\u8868\u793a\u524d SEC \u59d4\u5458 Paul Atkins \u6216\u5c06\u63a5\u66ff Gary Gensler \u7684\u5c97\u4f4d\u3002\u5728\u673a\u5bc6\u8d27\u5e01\u8bc1\u5238\u5546\u54c1\u4e4b\u4e89\u65e5\u76ca\u6fc0\u70c8\u7684\u5f53\u4e0b\uff0c\u4e5f\u6709\u4f20\u8a00\u79f0\u7279\u6717\u666e\u653f\u5e9c\u5e0c\u671b\u6269\u5927\u5546\u54c1\u671f\u8d27\u4ea4\u6613\u59d4\u5458\u4f1a (CFTC) \u7684\u6743\u529b\uff0c\u52a0\u5f3a\u5176\u5bf9\u6570\u5b57\u8d44\u4ea7\u9886\u57df\u7684\u76d1\u7ba1\u6743\u3002\u82e5\u6b64\u4e3e\u5b9e\u73b0\uff0c\u52a0\u5bc6\u8d44\u4ea7\u7684\u8bc1\u5238\u5c5e\u6027\u8ba4\u5b9a\u6216\u5c06\u88ab\u524a\u5f31\u3002<\/p>\n

\u4ece\u66f4\u5e7f\u9614\u7684\u5916\u90e8\u73af\u5883\u6765\u770b\uff0c\u7279\u6717\u666e\u653f\u5e9c\u582a\u79f0\u52a0\u5bc6\u8d27\u5e01\u73a9\u5bb6\u96c6\u805a\u5730\u3002<\/strong>\u5728\u7279\u6717\u666e\u65b0\u4e00\u5c4a\u653f\u5e9c\u7684\u6240\u6709\u5185\u9601\u90e8\u957f\u4eba\u9009\u4e2d\uff0c\u9664\u4e86\u9a6c\u65af\u514b\u3001\u970d\u534e\u5fb7\u00b7\u5362\u7279\u5c3c\u514b\u7b49\u5e02\u573a\u719f\u77e5\u7684\u540d\u5b57\u5916\uff0c\u8d22\u653f\u90e8\u957f Scott Bessent\u3001\u56fd\u5bb6\u5b89\u5168\u987e\u95ee Michael Waltz\u3001\u56fd\u5bb6\u60c5\u62a5\u603b\u76d1 Tulsi Gabbard\u3001\u5546\u52a1\u90e8\u957f Howard Lutnick\u3001\u536b\u751f\u4e0e\u516c\u4f17\u670d\u52a1\u90e8\u90e8\u957f\u5c0f\u7f57\u4f2f\u7279\u80af\u5c3c\u8fea\u7b49 5 \u540d\u6210\u5458\u90fd\u662f\u52a0\u5bc6\u652f\u6301\u8005\uff0c\u5176\u4e2d Waltz\u3001Lutnick\u3001 Gabbard \u5747\u5b9e\u9645\u6301\u6709\u52a0\u5bc6\u8d27\u5e01\uff0cLutnick \u66f4\u662f\u6bd4\u7279\u5e01\u7684\u8d85\u7ea7\u7c89\u4e1d\uff0c\u4e0d\u4ec5\u6301\u6709\u6570\u4ebf\u7f8e\u5143\u6bd4\u7279\u5e01\uff0c\u65d7\u4e0b\u516c\u53f8 Cantor Fitzgerald \u5df2\u4e3a Tether \u63d0\u4f9b\u591a\u5e74\u6258\u7ba1\u670d\u52a1\u3002<\/p>\n

\u663e\u800c\u6613\u89c1\u7684\u662f\uff0c\u672c\u5c4a\u653f\u5e9c\u7ec4\u6210\u5df2\u4e0e\u6b64\u524d\u622a\u7136\u4e0d\u540c\uff0c\u7531\u4e8e\u4e0a\u5c42\u5efa\u7b51\u5c31\u591a\u4e3a\u652f\u6301\u8005\uff0c\u5bf9\u4e8e\u52a0\u5bc6\u8d27\u5e01\u7684\u76d1\u7ba1\u5fc5\u7136\u4f1a\u5448\u5bbd\u677e\u8d8b\u52bf\uff0c\u800c\u82e5\u5728\u672c\u5c4a\u653f\u5e9c\u4efb\u671f\u4e2d\u642d\u5efa\u5b8c\u6210\u52a0\u5bc6\u8d44\u4ea7\u7684\u5168\u65b9\u4f4d\u76d1\u7ba1\u6846\u67b6\uff0c\u540e\u7eed\u4ea7\u4e1a\u76d1\u7ba1\u5bfc\u5411\u4e5f\u4f1a\u66f4\u52a0\u660e\u786e\u3002<\/strong><\/p>\n

\u5728\u76d1\u7ba1\u4e4b\u5916\uff0c\u7279\u6717\u666e\u65d7\u4e0b\u4f01\u4e1a\u5c31\u66f4\u65e9\u7784\u51c6\u4e86\u5546\u673a\u3002\u5728\u65e5\u524d\u66f4\u662f\u52a8\u4f5c\u9891\u9891\uff0c\u81f4\u529b\u4e8e\u901a\u8fc7\u6295\u878d\u8d44\u62d3\u5bbd\u52a0\u5bc6\u4ea7\u4e1a\u7248\u56fe\u3002\u5e02\u573a\u6d88\u606f\u79f0\uff0c\u7279\u6717\u666e\u5a92\u4f53\u79d1\u6280\u516c\u53f8\u6b63\u5728\u4e0e\u6d32\u9645\u4ea4\u6613\u6240\uff08ICE\uff09\u4ea4\u6d89\uff0c\u6d3d\u8c08\u62df\u6536\u8d2d\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240 Bakkt \u4e8b\u5b9c\u3002\u5c31\u5728\u65e5\u524d\uff0c\u7279\u6717\u666e\u5a92\u4f53\u79d1\u6280\u96c6\u56e2\u63d0\u4ea4\u4e86\u4e00\u4efd\u540d\u4e3a Truth Fi \u7684\u52a0\u5bc6\u8d27\u5e01\u652f\u4ed8\u670d\u52a1\u7533\u8bf7\uff0c\u8ba1\u5212\u6d89\u8db3\u52a0\u5bc6\u652f\u4ed8\u9886\u57df\u3002\u4f01\u4e1a\u52a8\u5411\u518d\u5ea6\u4ece\u4fa7\u9762\u53cd\u6620\u51fa\u603b\u7edf\u672c\u4eba\u5bf9\u4e8e\u52a0\u5bc6\u7684\u79ef\u6781\u6001\u5ea6\u3002<\/p>\n

\u6b63\u662f\u57fa\u4e8e\u4ee5\u4e0a\u56e0\u7d20\uff0c\u5e02\u573a\u624d\u5bf9\u5c71\u5be8\u5e01 ETF \u91cd\u71c3\u5e0c\u671b\uff0c\u6bd5\u7adf\u968f\u7740 SEC \u4e3b\u5e2d\u7684\u843d\u5e55\uff0c\u56f4\u7ed5\u5c71\u5be8\u5e01\u7684\u8bc1\u5238\u8bba\u8c03\u5c06\u6709\u671b\u505c\u6b47\uff0c\u4e3a ETF \u7684\u5b9e\u73b0\u5960\u5b9a\u4e86\u521d\u6b65\u57fa\u7840\u3002<\/p>\n

\u53e6\u4e00\u65b9\u9762\uff0c\u5c31\u7b97\u5c71\u5be8\u5e01 ETF \u8d70\u5411\u96be\u4ee5\u9884\u6599\uff0c\u534e\u5c14\u8857\u4e5f\u4e0d\u613f\u610f\u653e\u5f03\u8fd9\u4e00\u8d85\u8fc7 3 \u4e07\u4ebf\u7684\u5e9e\u5927\u5e02\u573a\uff0c\u4f20\u7edf\u673a\u6784\u6b63\u5728\u56f4\u7ed5\u52a0\u5bc6\u8d44\u4ea7\u6784\u5efa\u65b0\u7684\u6295\u8d44\u4ea7\u54c1\u4ee5\u53ca\u884d\u751f\u5de5\u5177\uff0c\u4ee5\u4fbf\u6377\u6295\u8d44\u8005\u5c06\u52a0\u5bc6\u8d44\u4ea7\u7eb3\u5165\u8d44\u4ea7\u7ec4\u5408\u3002<\/p>\n

\u7ecf\u8425\u52a0\u5bc6\u6307\u6570\u63d0\u4f9b\u5546 CF Benchmarks \u7684 Sui Chung \u8868\u793a\uff0c\u4e3b\u6d41\u6295\u8d44\u8005\u4f1a\u901a\u8fc7\u73b0\u8d27\u6bd4\u7279\u5e01 ETF \u5efa\u7acb\u76f4\u63a5\u666e\u901a\u655e\u53e3\u8d8b\u52bf\uff0c\u4e5f\u4f1a\u901a\u8fc7\u989d\u5916\u4ea7\u54c1\u6765\u5b9a\u5236\u5bf9\u8d44\u4ea7\u7c7b\u522b\u7684\u655e\u53e3\u3002\u5176\u4e2d\uff0c\u6700\u53d7\u6b22\u8fce\u7684\u4ea7\u54c1\u5305\u62ec\u6d89\u53ca\u4e0e\u52a0\u5bc6\u8d27\u5e01\u6302\u94a9\u5e76\u8d5a\u53d6\u6536\u76ca\u7684\u5546\u54c1\u671f\u8d27\u7684\u4ea7\u54c1\uff0c\u4ee5\u53ca\u901a\u8fc7\u671f\u6743\u63d0\u4f9b\u4e0b\u884c\u4fdd\u62a4\u7684\u4ea7\u54c1\u3002\u76ee\u524d\uff0c\u8be5\u516c\u53f8\u6b63\u8ba1\u5212\u63a8\u51fa\u7eb3\u65af\u8fbe\u514b\u6bd4\u7279\u5e01\u6307\u6570\u671f\u6743\u3002<\/p>\n

Astoria Portfolio Advisors \u7684\u9996\u5e2d\u6295\u8d44\u5b98 John Davi \u4e5f\u63d0\u5230\uff0c\u76ee\u524d\u6b63\u8003\u8651\u5728\u4ed6\u8fd0\u884c\u7684 ETF \u6a21\u578b\u6295\u8d44\u7ec4\u5408\u4e2d\u589e\u52a0\u6bd4\u7279\u5e01\u655e\u53e3\u3002<\/p>\n

\u603b\u4f53\u800c\u8a00\uff0c\u5c3d\u7ba1\u73b0\u9636\u6bb5\u7684\u5c71\u5be8 ETF \u70ed\u6f6e\u5728\u5f53\u524d\u76d1\u7ba1\u80cc\u666f\u4e0b\u5b9e\u73b0\u4ecd\u6709\u96be\u5ea6\uff0c\u4f46\u4ece\u957f\u671f\u89d2\u5ea6\uff0c\u968f\u7740\u76d1\u7ba1\u653e\u5f00\u4ee5\u53ca\u6295\u8d44\u8005\u5174\u8da3\u7684\u589e\u52a0\uff0c\u51fa\u4e8e\u6d41\u91cf\u83b7\u53d6\u4e0e\u5e02\u573a\u7ade\u4e89\u8003\u8651\uff0c\u673a\u6784\u6df1\u5165\u7814\u7a76\u52a0\u5bc6\u8d44\u4ea7\u5c06\u6210\u4e3a\u5ba2\u89c2\u73b0\u5b9e\u3002\u5728\u4ea7\u54c1\u7aef\uff0c\u673a\u6784\u5c06\u4e0d\u518d\u5c40\u9650\u4e8e\u6bd4\u7279\u5e01\u4e0e\u4ee5\u592a\u574a\uff0c\u52a0\u5bc6\u8d44\u4ea7\u7684\u4ea7\u54c1\u5316\u4e0e\u6807\u51c6\u5316\u5f97\u4ee5\u8fdb\u4e00\u6b65\u5f3a\u5316\uff0c\u884d\u751f\u54c1\u6216\u5c06\u8fce\u6765\u4e95\u55b7\uff0c\u65e8\u5728\u4e3a\u6295\u8d44\u8005\u5165\u573a\u626b\u5e73\u969c\u788d\u3002\u53ef\u4ee5\u9884\u89c1\uff0c\u6295\u8d44\u8005\u5c06\u4f1a\u6709\u66f4\u591a\u65b9\u5f0f\u6295\u8d44\u4e8e\u4e0e\u52a0\u5bc6\u8d27\u5e01\u76f8\u5173\u7684\u4ea7\u54c1\u3002<\/p>\n

\u5728\u8fd8\u672a\u9762\u4e16\u7684\u65b0\u4ea7\u54c1\u4e4b\u5916\uff0c\u73b0\u6709\u7684 ETF \u4e5f\u4f1a\u53d7\u76ca\u4e8e\u8be5\u8d8b\u52bf\u3002\u4ee5\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u4e3a\u4f8b\uff0c\u957f\u671f\u4ee5\u6765\uff0c\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u7684\u8d44\u91d1\u6d41\u5165\u5c31\u5f31\u4e8e\u6bd4\u7279\u5e01\uff0c\u4ee5\u6570\u636e\u8bba\uff0c\u622a\u81f3 11 \u6708 27 \u65e5\uff0c\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u8d44\u91d1\u51c0\u6d41\u5165\u7ea6 2.4 \u4ebf\u7f8e\u5143\uff0c\u800c\u6bd4\u7279\u5e01\u73b0\u8d27 ETF \u51c0\u6d41\u5165\u9ad8\u8fbe 303.84 \u4ebf\u7f8e\u5143\uff0c\u4e24\u8005\u76f8\u53bb\u751a\u8fdc\u3002<\/p>\n

\u8bba\u5176\u539f\u56e0\uff0c\u4ee5\u592a\u574a\u672c\u5c31\u7531\u4e8e\u4ef7\u503c\u575a\u633a\u5ea6\u4e0e\u5b9a\u4f4d\u5dee\u5f02\u4e0e\u6bd4\u7279\u5e01\u76f8\u6bd4\u5b58\u5728\u52a3\u52bf\uff0c\u800c\u6700\u6838\u5fc3\u7684\u8d28\u62bc\u529f\u80fd\u88ab SEC \u5426\u51b3\u53d7\u9650\u4e5f\u518d\u5ea6\u7a00\u91ca\u4e86\u6295\u8d44\u8005\u7684\u70ed\u60c5\u3002\u7528\u6210\u672c\u8fdb\u884c\u89e3\u91ca\uff0c\u82e5\u6295\u8d44\u8005\u76f4\u63a5\u6301\u6709 ETH\uff0c\u53ef\u83b7\u5f97\u63a5\u8fd1 3.5% \u7684\u8d28\u62bc\u6536\u76ca\uff0c\u4f46\u82e5\u6301\u6709\u673a\u6784 ETF\uff0c\u4e0d\u4ec5\u4e0d\u80fd\u83b7\u5f97\u6b64\u65e0\u98ce\u9669\u6536\u76ca\uff0c\u8fd8\u8981\u989d\u5916\u652f\u4ed8\u53d1\u884c\u5546 0.15 \u5230 2.5% \u4e0d\u7b49\u7684\u7ba1\u7406\u8d39\u3002<\/p>\n

\u4f46\u968f\u7740\u76d1\u7ba1\u7684\u6362\u8840\uff0c\u4ee5\u592a\u574a\u73b0\u8d27 ETF \u672a\u5fc5\u4e0e\u8d28\u62bc\u65e0\u7f18\uff0c\u6bd5\u7adf\u6b64\u524d\u575a\u5b9a\u5426\u51b3\u8d28\u62bc\u7684 SEC \u6001\u5ea6\u5df2\u53d8\uff0c\u800c\u6b27\u6d32\u4e5f\u6709\u5148\u4f8b\u63a8\u51fa\uff0c\u65e5\u524d\u6b27\u6d32 ETP \u53d1\u884c\u5546 21Shares AG \u5c31\u5ba3\u5e03\u4e3a\u5176\u4ee5\u592a\u574a\u6838\u5fc3 ETP \u4ea7\u54c1\u6dfb\u52a0\u8d28\u62bc\u529f\u80fd\u3002<\/p>\n

\u5f53\u7136\uff0cETF \u867d\u597d\uff0c\u5b9e\u9645\u8d44\u91d1\u6d41\u5165\u5374\u6709\u5f85\u8003\u5bdf\u3002\u5c31\u8fde\u4ee5\u592a\u574a\u5bf9\u4e8e\u4f20\u7edf\u8d44\u672c\u7684\u5438\u5f15\u529b\u90fd\u5341\u5206\u6709\u9650\uff0c\u7070\u5ea6\u65d7\u4e0b\u7684 Solana Trust \u8d44\u4ea7\u603b\u989d\u4e5f\u4ec5 7000 \u4e07\u7f8e\u5143\uff0c\u5c71\u5be8\u5e01\u7684\u6295\u8d44\u8d2d\u4e70\u529b\u4f3c\u4e4e\u5e76\u4e0d\u5982\u60f3\u8c61\u4e2d\u4e50\u89c2\u3002\u53d7\u6b64\u5f71\u54cd\uff0c\u8d1d\u83b1\u5fb7\u6570\u5b57\u8d44\u4ea7\u90e8\u95e8\u8d1f\u8d23\u4eba Robert Mitchnik \u5c31\u66fe\u63d0\u5230\uff0c\u516c\u53f8\u5bf9\u9664\u6bd4\u7279\u5e01\u548c\u4ee5\u592a\u574a\u4ee5\u5916\u7684\u5176\u4ed6\u52a0\u5bc6\u4ea7\u54c1\u5174\u8da3\u4e0d\u5927\u3002<\/p>\n

\u4f46\u65e0\u8bba\u540e\u7eed\u5ba1\u6279\u5982\u4f55\u8fdb\u5c55\uff0c\u56f4\u7ed5\u5c71\u5be8 ETF \u7684\u7092\u4f5c\u5df2\u7136\u5f00\u542f\uff0c\u5bf9\u4e8e\u4e45\u5728\u75c5\u4e2d\u7684\u5c71\u5be8\u5e02\u573a\uff0c\u8fd9\u9053\u5f3a\u5fc3\u9488\u6765\u5f97\u5b9e\u5728\u592a\u8fc7\u53ca\u65f6\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u725b\u5e02\u70ed\u6f6e\u8fd8\u5728\u8513\u5ef6\uff0c\u5c3d\u7ba1\u6bd4\u7279\u5e01\u51b2\u9ad8\u56de\u843d\uff0c\u4f46\u4ee5\u592a\u574a\u5374\u4e00\u6539\u9893\u52bf\u7a81\u7834 3600 \u7f8e\u5143\uff0cDefi\u3001Layer2 \u7b49\u591a\u4e2a\u677f […]<\/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-1385","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/1385","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=1385"}],"version-history":[{"count":1,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/1385\/revisions"}],"predecessor-version":[{"id":3039,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/1385\/revisions\/3039"}],"wp:attachment":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1385"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}