{"id":989,"date":"2025-04-26T22:17:19","date_gmt":"2025-04-26T14:17:19","guid":{"rendered":"https:\/\/www.db-hk.com\/?p=989"},"modified":"2025-04-26T22:17:19","modified_gmt":"2025-04-26T14:17:19","slug":"16%e5%8f%aa%e4%bb%a5%e5%a4%aa%e5%9d%8aetf%e5%8f%8a%e5%85%b6%e8%b4%b9%e7%94%a8%e3%80%81%e4%bf%83%e9%94%80%e5%92%8c%e6%8c%81%e8%82%a1%e6%83%85%e5%86%b5","status":"publish","type":"post","link":"http:\/\/www.fubairui.net\/?p=989","title":{"rendered":"16\u53ea\u4ee5\u592a\u574aETF\u53ca\u5176\u8d39\u7528\u3001\u4fc3\u9500\u548c\u6301\u80a1\u60c5\u51b5"},"content":{"rendered":"

\u5927\u7ea6\u516d\u4e2a\u6708\u524d\uff0c\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u6279\u51c6\u4e86\u9996\u4e2a\u73b0\u8d27\u6bd4\u7279\u5e01 ETF\u30022024 \u5e74 7 \u6708 23 \u65e5\uff0cSEC \u53c8\u6279\u51c6\u4e86\u9996\u4e2a\u73b0\u8d27\u4ee5\u592a\u574a ETF \u5f00\u59cb\u4ea4\u6613\u3002<\/p>\n

1\u3001\u4ec0\u4e48\u662f\u73b0\u8d27\u4ee5\u592a\u574a ETF\uff1f<\/strong><\/p>\n

\u73b0\u8d27\u4ee5\u592a\u574a ETF \u662f\u4e00\u79cd\u4ea4\u6613\u5e73\u53f0\u4ea4\u6613\u57fa\u91d1\uff0c\u7528\u4e8e\u76f4\u63a5\u6295\u8d44\u4ee5\u592a\u574a\u2014\u2014\u662f\u5e02\u503c\u4ec5\u6b21\u4e8e\u6bd4\u7279\u5e01\u7684\u5168\u7403\u7b2c\u4e8c\u5927\u52a0\u5bc6\u8d27\u5e01\u3002<\/p>\n

\u4ee5\u592a\u574a\u5177\u6709\u8bb8\u591a\u533a\u522b\u4e8e\u6bd4\u7279\u5e01\u7684\u7279\u6027\u3002\u5b83\u7684\u533a\u5757\u94fe\u4e0d\u4ec5\u4ec5\u627f\u8f7d\u4ee5\u592a\u5e01\uff0c\u8fd8\u6258\u7ba1\u4e86\u53bb\u4e2d\u5fc3\u5316\u5e94\u7528\u7a0b\u5e8f\u548c\u57fa\u4e8e\u4ee5\u592a\u574a\u534f\u8bae\u8fd0\u884c\u7684\u975e\u540c\u8d28\u5316 Token\uff08NFT\uff09\u3002\u6b64\u5916\uff0c\u4ee5\u592a\u574a\u73b0\u5728\u91c7\u7528\u7684\u662f\u6743\u76ca\u8bc1\u660e\uff08Proof of Stake\uff09\u7cfb\u7edf\u6765\u751f\u6210\u65b0\u5e01\uff0c\u8fd9\u662f\u4e00\u79cd\u6bd4\u6bd4\u7279\u5e01\u6316\u77ff\u6240\u4f7f\u7528\u7684\u5de5\u4f5c\u91cf\u8bc1\u660e\uff08Proof of Work\uff09\u66f4\u8282\u80fd\u7684\u673a\u5236\u3002\uff08\u4ee5\u592a\u574a\u5728 2022 \u5e74\u4e4b\u524d\u4e5f\u66fe\u4f7f\u7528\u5de5\u4f5c\u91cf\u8bc1\u660e\u7cfb\u7edf\uff0c\u4e4b\u540e\u624d\u5207\u6362\u5230\u6743\u76ca\u8bc1\u660e\u3002\uff09<\/p>\n

\u5728\u73b0\u8d27 ETF \u83b7\u6279\u4e4b\u524d\uff0c\u5e02\u573a\u4e0a\u5df2\u7ecf\u6709\u4e86\u4ee5\u592a\u574a\u7b56\u7565 ETF\uff0c\u5b83\u4eec\u901a\u8fc7\u671f\u8d27\u5408\u7ea6\u95f4\u63a5\u8ddf\u8e2a\u4ee5\u592a\u5e01\u7684\u4ef7\u683c\u3002\u7136\u800c\uff0c\u8fd9\u7c7b ETF \u53ef\u80fd\u65e0\u6cd5\u50cf\u73b0\u8d27\u4ee5\u592a\u574a ETF \u90a3\u6837\u7cbe\u786e\u5730\u8ffd\u8e2a\u52a0\u5bc6\u8d27\u5e01\u7684\u4ef7\u683c\uff0c\u4e14\u53ef\u80fd\u6536\u53d6\u66f4\u9ad8\u7684\u8d39\u7528\u30022024 \u5e74 7 \u6708\u6279\u51c6\u7684\u73b0\u8d27\u4ee5\u592a\u574a ETF \u662f\u6b64\u7c7b\u4ea7\u54c1\u4e2d\u7684\u9996\u521b\u3002<\/p>\n

2\u3001\u73b0\u8d27\u4ee5\u592a\u574a ETF<\/strong><\/p>\n

\u622a\u81f3\u76ee\u524d\uff0c\u5df2\u6709\u516b\u53ea\u4e0d\u540c\u7684\u73b0\u8d27\u4ee5\u592a\u574a ETF \u5f00\u59cb\u4ea4\u6613\u3002\u4ee5\u4e0b\u662f\u6bcf\u53ea ETF \u7684\u540d\u79f0\u53ca\u5176\u4ea4\u6613\u4ee3\u7801\u3001\u8d39\u7528\u60c5\u51b5\u4ee5\u53ca\u4efb\u4f55\u4fc3\u9500\u8d39\u7528\u51cf\u514d\u7684\u8be6\u7ec6\u4fe1\u606f\u3002<\/p>\n

\"16\u53ea\u4ee5\u592a\u574aETF\u53ca\u5176\u8d39\u7528\u3001\u4fc3\u9500\u548c\u6301\u80a1\u60c5\u51b5\"\"16\u53ea\u4ee5\u592a\u574aETF\u53ca\u5176\u8d39\u7528\u3001\u4fc3\u9500\u548c\u6301\u80a1\u60c5\u51b5\"<\/figure>\n

3\u3001\u7b2c\u4e5d\u540d \u4ee5\u592a\u574a\u57fa\u91d1<\/strong><\/p>\n

\u4ece\u6280\u672f\u4e0a\u8bb2\uff0c\u76ee\u524d\u5e02\u573a\u4e0a\u6709\u4e5d\u53ea\u8ddf\u8e2a\u4ee5\u592a\u574a\u73b0\u8d27\u4ef7\u683c\u7684\u6295\u8d44\u57fa\u91d1\uff0c\u4f46\u7b2c\u4e5d\u53ea\u4e0d\u662f\u4f20\u7edf\u7684 ETF\u3002Grayscale Ethereum Trust (ETHE)\uff0c\u4e0d\u8981\u4e0e\u5176 Mini Trust ETF \u6df7\u6dc6\uff0c\u8fd9\u662f\u4e00\u79cd\u4ea4\u6613\u5e73\u53f0\u4ea4\u6613\u4ea7\u54c1 (ETP)\uff0c\u5176\u5e02\u573a\u4ef7\u683c\u53ef\u80fd\u4e0e\u5176\u51c0\u8d44\u4ea7\u4ef7\u503c\u51fa\u73b0\u504f\u5dee\uff0c\u53ef\u80fd\u4f1a\u7ed9\u6295\u8d44\u8005\u5e26\u6765\u5176\u4ee5\u592a\u5e01\u6301\u6709\u91cf\u7684\u6ea2\u4ef7\u6216\u6298\u4ef7\u3002<\/p>\n

ETHE \u662f\u5168\u7403\u6700\u5927\u7684\u4ee5\u592a\u574a\u73b0\u8d27\u57fa\u91d1\uff0c\u5360\u672c\u6587\u64b0\u5199\u65f6\u4ee5\u592a\u574a\u603b\u5e02\u503c\u7684 2% \u4ee5\u4e0a\u3002\u5176\u8d39\u7528\u7387\u4e3a 2.50%\uff0c\u76ee\u524d\u6ca1\u6709\u8d39\u7528\u51cf\u514d\u4fc3\u9500\u6d3b\u52a8\u3002\u5b83\u8fd8\u4e8e 7 \u6708 23 \u65e5\u83b7\u51c6\u5728\u4ea4\u6613\u5e73\u53f0\u4ea4\u6613\u3002<\/p>\n

4\u3001\u4ee5\u592a\u574a ETF \u4ef7\u683c\u6218<\/strong><\/p>\n

\u5728 2024 \u5e74 7 \u6708\u4ee5\u592a\u574a ETF \u83b7\u6279\u524d\u7684\u51e0\u5929\uff0c\u53d1\u884c\u516c\u53f8\u7eb7\u7eb7\u5c55\u5f00\u8d39\u7528\u5927\u6218\u3002\u8bb8\u591a\u516c\u53f8\u9012\u4ea4\u4e86\u591a\u6b21\u4fee\u6539\u540e\u7684\u6ce8\u518c\u58f0\u660e\uff0c\u964d\u4f4e\u8d39\u7528\uff0c\u8bd5\u56fe\u524a\u5f31\u7ade\u4e89\u5bf9\u624b\u3002\u800c\u6709\u4e9b\u516c\u53f8\u5219\u7d27\u968f\u5176\u540e\uff0c\u51e0\u5929\u5185\u63d0\u4ea4\u4e86\u81ea\u5df1\u7684\u4fee\u8ba2\u7248\u672c\uff0c\u8d39\u7528\u964d\u5f97\u66f4\u4f4e\u3002<\/p>\n

\u8fd8\u6709\u4e00\u4e9b\u516c\u53f8\u5728\u6700\u540e\u5173\u5934\u63a8\u51fa\u4e86\u4fc3\u9500\uff0c\u6bd4\u5982\u5ba3\u5e03\u5934\u516d\u4e2a\u6708\u7684\u8d39\u7528\u5168\u514d\uff0c\u4ee5\u6b64\u8868\u660e\u81ea\u5df1\u662f\u5e02\u573a\u4e0a\u6700\u4fbf\u5b9c\u7684\u4ee5\u592a\u574a ETF\u3002\u8fd9\u79cd\u5feb\u901f\u964d\u8d39\u548c\u4fc3\u9500\u7684\u8d8b\u52bf\u4e00\u76f4\u6301\u7eed\u5230\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\u5ba3\u5e03\u6279\u51c6\u524d\u51e0\u5929\uff0c\u672a\u6765\u53ef\u80fd\u8fd8\u4f1a\u7ee7\u7eed\u3002<\/p>\n

\u9274\u4e8e\u6b64\uff0c\u60a8\u770b\u5230\u7684\u6709\u5173\u4ee5\u592a\u574a ETF \u8d39\u7528\u548c\u4fc3\u9500\u7684\u4efb\u4f55\u4fe1\u606f\u90fd\u503c\u5f97\u4ed4\u7ec6\u6838\u5bf9\u3002\u7f51\u4e0a\u7684\u4efb\u4f55\u6570\u5b57\u5728\u60a8\u9605\u8bfb\u65f6\u90fd\u6709\u53ef\u80fd\u5df2\u7ecf\u8fc7\u65f6\u3002<\/p>\n

5\u3001\u4ee5\u592a\u574a\u7b56\u7565 ETF<\/strong><\/p>\n

\u6211\u4eec\u5c06\u4ee5\u592a\u574a\u7b56\u7565 ETF \u5b9a\u4e49\u4e3a\u4efb\u4f55\u5c06\u81f3\u5c11 50% \u7684\u8d44\u4ea7\u6295\u8d44\u4e8e\u4ee5\u592a\u5e01\u671f\u8d27\u7684 ETF\u3002\u76ee\u524d\u5e02\u573a\u4e0a\u6709\u4e03\u53ea\u6b64\u7c7b\u57fa\u91d1\uff0c\u5b83\u4eec\u7684\u8d39\u7528\u4ece\u4f4e\u5230\u9ad8\u4f9d\u6b21\u5217\u5728\u4e0b\u9762\u3002<\/p>\n

\"16\u53ea\u4ee5\u592a\u574aETF\u53ca\u5176\u8d39\u7528\u3001\u4fc3\u9500\u548c\u6301\u80a1\u60c5\u51b5\"\"16\u53ea\u4ee5\u592a\u574aETF\u53ca\u5176\u8d39\u7528\u3001\u4fc3\u9500\u548c\u6301\u80a1\u60c5\u51b5\"<\/figure>\n

6\u3001ETF \u7684\u6279\u51c6\u5bf9\u4ee5\u592a\u574a\u610f\u5473\u7740\u4ec0\u4e48\uff1f<\/strong><\/p>\n

\u622a\u81f3\u64b0\u7a3f\u65f6\uff0c\u4ee5\u592a\u5e01\u7684\u4ef7\u683c\u4eca\u5e74\u5df2\u7ecf\u4e0a\u6da8\u4e86\u8d85\u8fc7 40%\u3002\u6700\u8fd1\u7684 ETF \u6279\u51c6\u662f\u5426\u4f1a\u8fdb\u4e00\u6b65\u63a8\u52a8\u8fd9\u4e00\u6da8\u52bf\uff1f\u8fd9\u8fd8\u6709\u5f85\u89c2\u5bdf\u3002<\/p>\n

\u4ee5\u592a\u574a ETF \u4e3a 401(k) \u548c IRA \u6295\u8d44\u8005\u63d0\u4f9b\u4e86\u4e00\u79cd\u65b0\u7684\u52a0\u5bc6\u8d27\u5e01\u6295\u8d44\u65b9\u5f0f\u3002\u7f8e\u56fd\u4eba\u603b\u5171\u6301\u6709\u8fd1 40 \u4e07\u4ebf\u7f8e\u5143\u7684\u9000\u4f11\u8d26\u6237\u8d44\u91d1\uff0c\u800c\u8bb8\u591a\u8fd9\u4e9b\u9000\u4f11\u8d26\u6237\u5e76\u4e0d\u5141\u8bb8\u76f4\u63a5\u4ea4\u6613\u52a0\u5bc6\u8d27\u5e01\u3002\uff08\u6ce8\uff1a401(k) \u548c IRA \u662f\u7f8e\u56fd\u5e38\u89c1\u7684\u9000\u4f11\u50a8\u84c4\u8d26\u6237\u3002\u5b83\u4eec\u901a\u5e38\u4e0d\u5141\u8bb8\u76f4\u63a5\u8d2d\u4e70\u52a0\u5bc6\u8d27\u5e01\uff0c\u800c\u4ee5\u592a\u574a ETF \u4e3a\u8fd9\u4e9b\u8d26\u6237\u7684\u6295\u8d44\u8005\u63d0\u4f9b\u4e86\u4e00\u79cd\u95f4\u63a5\u6295\u8d44\u52a0\u5bc6\u8d27\u5e01\u7684\u65b9\u5f0f\u3002\uff09<\/p>\n

\u7136\u800c\uff0c\u5e02\u573a\u5bf9\u4ee5\u592a\u574a ETF \u6279\u51c6\u7684\u77ed\u671f\u53cd\u5e94\u5230\u76ee\u524d\u4e3a\u6b62\u8f83\u4e3a\u5e73\u6de1\u30027 \u6708 23 \u65e5\u2014\u2014ETF \u9996\u4e2a\u4ea4\u6613\u65e5\u2014\u2014\u4ece\u7f8e\u56fd\u4e1c\u90e8\u65f6\u95f4\u4e0a\u5348 9:30 \u5230\u4e0b\u5348 4:00\uff0c\u4ee5\u592a\u5e01\u4ef7\u683c\u5b9e\u9645\u4e0a\u7565\u6709\u4e0b\u8dcc\u3002<\/p>\n

7\u3001\u4ee5\u592a\u574a ETF vs. \u4ee5\u592a\u574a\u672c\u8eab<\/strong><\/p>\n

\u73b0\u8d27\u4ee5\u592a\u574a ETF \u76f8\u6bd4\u5176\u4ed6\u6295\u8d44\u4ee5\u592a\u574a\u7684\u65b9\u5f0f\u53ef\u80fd\u6709\u4e00\u4e9b\u4f18\u52bf\u3002\u5982\u524d\u6240\u8ff0\uff0c\u5bf9\u4e8e\u65e0\u6cd5\u76f4\u63a5\u8d2d\u4e70\u4ee5\u592a\u574a\u7684\u6295\u8d44\u8005\uff08\u4f8b\u5982\u9000\u4f11\u8d26\u6237\u6295\u8d44\u8005\uff09\uff0c\u73b0\u8d27\u4ee5\u592a\u574a ETF \u53ef\u80fd\u63d0\u4f9b\u4e86\u4e00\u79cd\u6bd4\u4ee5\u5f80\u7684\u4ee5\u592a\u574a\u7b56\u7565 ETF \u66f4\u4fbf\u5b9c\u4e14\u66f4\u53ef\u9760\u7684\u6295\u8d44\u65b9\u5f0f\u3002<\/p>\n

\u7136\u800c\uff0c\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u4e0e\u76f4\u63a5\u6301\u6709\u52a0\u5bc6\u8d27\u5e01\u76f8\u6bd4\uff0c\u4ee5\u592a\u574a ETF \u4e5f\u5b58\u5728\u4e00\u4e9b\u52a3\u52bf\u3002\u76ee\u524d\u7684\u4ee5\u592a\u574a ETF \u6295\u8d44\u8005\u4e0d\u4f1a\u83b7\u5f97\u8d28\u62bc\u5956\u52b1\uff08\u5373\u6301\u6709\u4ee5\u592a\u5e01\u8005\u7684\u4e00\u79cd\u7c7b\u4f3c\u5229\u606f\u6216\u80a1\u606f\u7684\u5956\u52b1\uff09\u3002<\/p>\n

\u5982\u679c\u60a8\u60f3\u8981\u83b7\u5f97\u8fd9\u4e00\u4ee5\u592a\u574a\u7684\u529f\u80fd\uff0c\u60a8\u9700\u8981\u76f4\u63a5\u6295\u8d44\u4e8e\u52a0\u5bc6\u8d27\u5e01\u672c\u8eab\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u5927\u7ea6\u516d\u4e2a\u6708\u524d\uff0c\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u6279\u51c6\u4e86\u9996\u4e2a\u73b0\u8d27\u6bd4\u7279\u5e01 ETF\u30022024 \u5e74 7 \u6708 23 \u65e5\uff0cSEC […]<\/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-989","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/989","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=989"}],"version-history":[{"count":1,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/989\/revisions"}],"predecessor-version":[{"id":2642,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/989\/revisions\/2642"}],"wp:attachment":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=989"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}