{"id":1112,"date":"2025-03-22T19:41:44","date_gmt":"2025-03-22T11:41:44","guid":{"rendered":"https:\/\/www.yixiangtian.com\/?p=1112"},"modified":"2025-03-22T19:41:44","modified_gmt":"2025-03-22T11:41:44","slug":"%e5%87%86%e7%a1%ae%e9%a2%84%e6%b5%8b%e6%af%94%e7%89%b9%e5%b8%81%e4%bb%8a%e5%b9%b4%e5%86%b2%e4%b8%8a-10-%e4%b8%87%e7%be%8e%e5%85%83%e5%90%8e%ef%bc%8c%e6%b8%a3%e6%89%93%e5%88%86%e6%9e%90%e5%b8%88","status":"publish","type":"post","link":"https:\/\/www.yunsiwang.com\/?p=1112","title":{"rendered":"\u51c6\u786e\u9884\u6d4b\u6bd4\u7279\u5e01\u4eca\u5e74\u51b2\u4e0a 10 \u4e07\u7f8e\u5143\u540e\uff0c\u6e23\u6253\u5206\u6790\u5e08\u518d\u5531\u591a\uff1a\u660e\u5e74\u5e95\u4e0a\u51b2 20 \u4e07\u5927\u5173"},"content":{"rendered":"<div>\n<div>\n<div>\n<div>\n<blockquote><p>\n     \u6e23\u6253\u8ba4\u4e3a\uff0c\u4eca\u5e74\u6bd4\u7279\u5e01\u7684\u6295\u8d44\u8d44\u91d1\u6d41\u4e00\u76f4\u7531\u673a\u6784\u6295\u8d44\u8005\u4e3b\u5bfc\uff0c\u660e\u5e74\u5c06\u7ee7\u7eed\u4fdd\u6301\u6216\u8d85\u8fc7\u4eca\u5e74\u6c34\u5e73\u3002\u7279\u6717\u666e\u653f\u5e9c\u4e0a\u53f0\u540e\uff0c\u7f8e\u56fd\u517b\u8001\u57fa\u91d1\u6709\u671b\u589e\u52a0\u914d\u7f6e\u6bd4\u7279\u5e01\uff0c\u5982\u679c\u7f8e\u56fd\u8bbe\u7acb\u6bd4\u7279\u5e01\u7684\u6218\u7565\u50a8\u5907\u57fa\u91d1\uff0c\u4e5f\u5c06\u5438\u5f15\u5168\u7403\u4e3b\u6743\u8d22\u5bcc\u57fa\u91d1\u914d\u7f6e\u6bd4\u7279\u5e01\u3002\n   <\/p><\/blockquote>\n<p><\/p>\n<p><strong>\u64b0\u6587\uff1a\u674e\u4e39<\/strong><\/p>\n<p><strong>\u6765\u6e90\uff1a\u534e\u5c14\u8857\u89c1\u95fb<\/strong><\/p>\n<p><\/p>\n<p>12 \u6708 5 \u65e5\u5468\u56db\uff0c\u6bd4\u7279\u5e01\u53f2\u4e0a\u9996\u6b21\u76d8\u4e2d\u6da8\u7834 10 \u4e07\u7f8e\u5143\u3002\u53bb\u5e74 4 \u6708\u6bd4\u7279\u5e01\u4ea4\u6613\u4ef7\u7ea6\u4e3a 2.7 \u4e07\u7f8e\u5143\u65f6\uff0c\u6e23\u6253\u94f6\u884c\u7684\u65b0\u5174\u5e02\u573a\u5916\u6c47\u7814\u7a76\u548c\u52a0\u5bc6\u8d27\u5e01\u7814\u7a76\u4e3b\u7ba1 Geoffrey Kendrick \u4e45\u51c6\u786e\u9884\u6d4b\uff0c\u5230\u4eca\u5e74\u5e95\u5e01\u4ef7\u8fbe\u5230 10 \u4e07\u7f8e\u5143\u3002\u73b0\u5728\u6bd4\u7279\u5e01\u5df2\u7a81\u7834 10 \u4e07\u5927\u5173\uff0cKendrick \u53c8\u8fdb\u4e00\u6b65\u770b\u597d\u540e\u5e02\uff0c\u9884\u8ba1\u5728\u673a\u6784\u53ef\u80fd\u52a0\u7801\u6295\u8d44\u6bd4\u7279\u5e01\u7684\u80cc\u666f\u4e0b\uff0c\u660e\u5e74\u5e95\u5e01\u4ef7\u4f1a\u6da8\u81f3\u7ea6 20 \u4e07\u7f8e\u5143\u3002<\/p>\n<p><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/img.bitgetimg.com\/multiLang\/image\/social\/53fdb21536dd5c59557c7738bf3d7da81733451603233.jpeg\" alt=\"\u51c6\u786e\u9884\u6d4b\u6bd4\u7279\u5e01\u4eca\u5e74\u51b2\u4e0a 10 \u4e07\u7f8e\u5143\u540e\uff0c\u6e23\u6253\u5206\u6790\u5e08\u518d\u5531\u591a\uff1a\u660e\u5e74\u5e95\u4e0a\u51b2 20 \u4e07\u5927\u5173 image 0\"><\/p>\n<p><\/p>\n<p>Kendrick \u8ba4\u4e3a\uff0c\u6bd4\u7279\u5e01\u4eca\u5e74\u51b2\u4e0a 10 \u4e07\u7f8e\u5143\u4e3b\u8981\u5f52\u529f\u4e8e\u673a\u6784\u6295\u8d44\u8005\u7684\u5927\u529b\u652f\u6301\u3002\u6574\u4e2a 2024 \u5e74\uff0c\u6bd4\u7279\u5e01\u7684\u6295\u8d44\u8d44\u91d1\u6d41\u4e00\u76f4\u7531\u673a\u6784\u6295\u8d44\u8005\u4e3b\u5bfc\u3002\u6e23\u6253\u9884\u8ba1\uff0c\u8fd9\u79cd\u60c5\u51b5\u5c06\u5728 2025 \u5e74\u6301\u7eed\uff0c\u5e2e\u52a9\u6bd4\u7279\u5e01\u8fbe\u5230\u6e23\u6253\u7684\u5728 2025 \u5e74\u5e95\u7684\u76ee\u6807\u6c34\u5e73\uff1a\u7ea6 20 \u4e07\u7f8e\u5143\u3002\u540c\u65f6\uff0c\u7f8e\u56fd\u517b\u8001\u57fa\u91d1\u548c \/ \u6216\u4e3b\u6743\u8d22\u5bcc\u57fa\u91d1\u7684\u8fdb\u4e00\u6b65\u5438\u7eb3\u4f1a\u8ba9\u6e23\u6253\u5bf9\u5e01\u4ef7\u4e0a\u6da8\u66f4\u4e50\u89c2\u3002<\/p>\n<p><\/p>\n<p>\u5177\u4f53\u5230\u673a\u6784\u8d44\u91d1\u6d41\u65b9\u9762\uff0c\u4eca\u5e74\u521d\u4ee5\u6765\uff0c\u673a\u6784\u901a\u8fc7\u7f8e\u56fd\u4e0a\u5e02\u7684\u73b0\u8d27\u6bd4\u7279\u5e01 ETF \u548c\u6301\u6709\u6bd4\u7279\u5e01\u5927\u6237\u3001\u88ab\u89c6\u4e3a\u6bd4\u7279\u5e01\u66ff\u8eab\u7684\u8f6f\u4ef6\u516c\u53f8 MicroStrategy \u5927\u91cf\u4e70\u5165\u6bd4\u7279\u5e01\uff0c\u51c0\u8d2d\u4e70\u91cf\u8fbe\u5230 68.3 \u4e07\u679a\u6bd4\u7279\u5e01\u3002\u8fd9\u5176\u4e2d\uff0c\u6709 24.5 \u4e07\u679a\u6bd4\u7279\u5e01\u7684\u8d44\u91d1\u6d41\u5165\u53d1\u751f\u5728\u7f8e\u56fd\u5927\u9009\u540e\u7684\u51e0\u5468\u5185\u3002<\/p>\n<p><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/img.bitgetimg.com\/multiLang\/image\/social\/34db0c528eced77f0987379b63930f9a1733451603438.jpeg\" alt=\"\u51c6\u786e\u9884\u6d4b\u6bd4\u7279\u5e01\u4eca\u5e74\u51b2\u4e0a 10 \u4e07\u7f8e\u5143\u540e\uff0c\u6e23\u6253\u5206\u6790\u5e08\u518d\u5531\u591a\uff1a\u660e\u5e74\u5e95\u4e0a\u51b2 20 \u4e07\u5927\u5173 image 1\"><\/p>\n<p><\/p>\n<p>\u8fd9\u4e9b\u8d44\u91d1\u6d41\u65e0\u7591\u662f\u6bd4\u7279\u5e01\u8fd9\u8f6e\u5927\u6da8\u5e76\u7a81\u7834 10 \u4e07\u5927\u5173\u7684\u63a8\u624b\uff0c\u672a\u6765\u4f1a\u600e\u6837\uff1f<\/p>\n<p><\/p>\n<p>Kendrick \u7684\u62a5\u544a\u79f0\uff0c\u5230 2025 \u5e74\uff0c\u6e23\u6253\u9884\u8ba1\uff0c\u673a\u6784\u8d44\u91d1\u6d41\u5c06\u7ee7\u7eed\u4fdd\u6301\u6216\u8d85\u8fc7 2024 \u5e74\u6d41\u5165\u6bd4\u7279\u5e01\u7684\u901f\u5ea6\u3002MicroStrategy \u6b63\u5728\u63d0\u524d\u5b9e\u73b0\u8be5\u516c\u53f8 10 \u6708\u672b\u516c\u5e03\u7684\u8ba1\u5212\uff0c\u5373\u672a\u6765\u4e09\u5e74\u7b79\u96c6 420 \u4ebf\u7f8e\u5143\u4e70\u5165\u6bd4\u7279\u5e01\uff0c\u56e0\u6b64\uff0cMicroStrategy 2025 \u5e74\u7684\u8d2d\u4e70\u91cf\u5e94\u8be5\u4f1a\u8fbe\u5230\u6216\u8d85\u8fc7 2024 \u5e74\u7684\u8d2d\u4e70\u89c4\u6a21\u3002<\/p>\n<p><\/p>\n<p>\u5728\u7f8e\u56fd\u6bd4\u7279\u5e01 ETF \u65b9\u9762\uff0c\u6e23\u6253\u4ece\u9012\u4ea4\u7f8e\u56fd\u8bc1\u76d1\u4f1a SEC \u7684 13F \u6587\u4ef6\u4e2d\u6ce8\u610f\u5230\uff0c\u517b\u8001\u57fa\u91d1\u7684\u62a5\u544a\u6301\u80a1\u4ec5\u5360\u4e5d\u53ea\u65b0\u6bd4\u7279\u5e01 ETF \u80a1\u4efd\u7684 1%\u3002<\/p>\n<p><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/img.bitgetimg.com\/multiLang\/image\/social\/40150ec0dc49459f53de6b6bfed4ba5a1733451603615.jpeg\" alt=\"\u51c6\u786e\u9884\u6d4b\u6bd4\u7279\u5e01\u4eca\u5e74\u51b2\u4e0a 10 \u4e07\u7f8e\u5143\u540e\uff0c\u6e23\u6253\u5206\u6790\u5e08\u518d\u5531\u591a\uff1a\u660e\u5e74\u5e95\u4e0a\u51b2 20 \u4e07\u5927\u5173 image 2\"><\/p>\n<p><\/p>\n<p>\u6e23\u6253\u9884\u8ba1\uff0c\u968f\u7740\u7279\u6717\u666e\u653f\u5e9c\u4e0a\u53f0\u540e\u76d1\u7ba1\u65b9\u9762\u7684\u53d8\u5316\uff0c\u4f20\u7edf\u91d1\u878d\u4e1a\u5c06\u66f4\u5bb9\u6613\u53c2\u4e0e\u6295\u8d44\u6570\u5b57\u8d44\u4ea7\uff0c2025 \u5e74\uff0c\u4e0a\u8ff0\u517b\u8001\u57fa\u91d1\u6301\u6709\u6bd4\u7279\u5e01 ETF \u7684\u5360\u6bd4\u4f1a\u589e\u52a0\u3002\u5373\u4f7f\u4ece\u603b\u89c4\u6a21 40 \u4e07\u4ebf\u7f8e\u5143\u7684\u7f8e\u56fd\u517b\u8001\u57fa\u91d1\u4e2d\u5206\u914d\u4e00\u5c0f\u90e8\u5206\u8d44\u91d1\u7ed9\u6bd4\u7279\u5e01\uff0c\u4e5f\u4f1a\u663e\u8457\u63a8\u9ad8\u5e01\u4ef7\u3002<\/p>\n<p><\/p>\n<p>\u5728\u6b64\u80cc\u666f\u4e0b\uff0c\u6e23\u6253\u8ba4\u4e3a\uff0c2025 \u5e74\u5e95 20 \u4e07\u7f8e\u5143\u5de6\u53f3\u7684\u6bd4\u7279\u5e01\u76ee\u6807\u4ef7\u662f\u53ef\u4ee5\u5b9e\u73b0\u7684\u3002\u5982\u679c\u7f8e\u56fd\u517b\u8001\u57fa\u91d1\u3001\u5168\u7403\u4e3b\u6743\u8d22\u5bcc\u57fa\u91d1 (SWF) \u6216\u662f\u53ef\u80fd\u51fa\u73b0\u7684\u7f8e\u56fd\u6218\u7565\u50a8\u5907\u57fa\u91d1\u66f4\u5feb\u7684\u5438\u7eb3\u6bd4\u7279\u5e01\uff0c\u6e23\u6253\u5c06\u66f4\u52a0\u770b\u597d\u5e01\u4ef7\u8868\u73b0\u3002<\/p>\n<p><\/p>\n<p>Kendrick \u5728\u62a5\u544a\u4e2d\u63d0\u5230\uff0c\u6e23\u6253\u4e4b\u524d\u66fe\u6307\u51fa\uff0c\u7f8e\u56fd\u653f\u5e9c\u53ef\u80fd\u8bbe\u7acb\u6bd4\u7279\u5e01\u7684\u6218\u7565\u50a8\u5907\u57fa\u91d1\uff0c\u6e23\u6253\u8ba4\u4e3a\u8be5\u57fa\u91d1\u95ee\u4e16\u7684\u6982\u7387\u4f4e\uff0c\u800c\u4e00\u65e6\u6210\u771f\uff0c\u5c06\u5f71\u54cd\u5f88\u5927\u3002\u9664\u4e86\u4f1a\u7ed9\u6bd4\u7279\u5e01\u8fd9\u4e2a\u5c0f\u8d44\u4ea7\u7c7b\u522b\u521b\u9020\u4e00\u4e2a\u65b0\u4e70\u5bb6\uff0c\u8be5\u6218\u7565\u50a8\u5907\u57fa\u91d1\u8fd8\u53ef\u80fd\u4e3a\u5176\u4ed6 SWF \u63d0\u4f9b\u63a9\u62a4\uff0c\u4f9b\u90a3\u4e9b\u57fa\u91d1\u4e5f\u8d2d\u4e70\u6bd4\u7279\u5e01\uff0c\u6216\u8005\u62ab\u9732\u90a3\u4e9b\u57fa\u91d1\u5df2\u7ecf\u8d2d\u4e70\u4e86\u6bd4\u7279\u5e01\u3002<\/p>\n<p><\/p>\n<p>Kendrick \u62a5\u544a\u79f0\uff0c\u4eca\u5e74 7 \u6708\u7279\u6717\u666e\u5728\u63d0\u5230\u6bd4\u7279\u5e01\u6218\u7565\u50a8\u5907\u57fa\u91d1\u7684\u53ef\u80fd\u6027\u65f6\uff0c\u7f8e\u56fd\u653f\u5e9c\u6301\u6709 21 \u4e07\u679a\u6bd4\u7279\u5e01\uff0c\u7ea6\u5360\u6bd4\u7279\u5e01\u603b\u4f9b\u5e94\u91cf\u7684 1%\u3002\u8003\u8651\u5230\u5168\u7403\u5916\u6c47\u50a8\u5907\u7684\u89c4\u6a21\uff0c\u9274\u4e8e\u6bd4\u7279\u5e01\u7684\u603b\u5e02\u503c\u76f8\u5bf9\u800c\u8a00\u8f83\u5c0f\uff0c\u6e23\u6253\u8ba4\u4e3a\uff0c\u6218\u7565\u50a8\u5907\u57fa\u91d1\u662f\u4e00\u4e2a\u91cd\u8981\u7684\u5e01\u4ef7\u4e0a\u884c\u9a71\u52a8\u56e0\u7d20\u3002<\/p>\n<p><\/p>\n<p>\u5373\u4f7f\u5916\u50a8\u7ba1\u7406\u8005\u53ea\u5206\u914d 1% \u7684\u8d44\u91d1\u7ed9\u6bd4\u7279\u5e01\uff0c\u91d1\u989d\u4e5f\u5c06\u975e\u5e38\u5de8\u5927\uff0c\u6709\u53ef\u80fd\u5927\u5e45\u63a8\u9ad8\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u3002<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u6e23\u6253\u8ba4\u4e3a\uff0c\u4eca\u5e74\u6bd4\u7279\u5e01\u7684\u6295\u8d44\u8d44\u91d1\u6d41\u4e00\u76f4\u7531\u673a\u6784\u6295\u8d44\u8005\u4e3b\u5bfc\uff0c\u660e\u5e74\u5c06\u7ee7\u7eed\u4fdd\u6301\u6216\u8d85\u8fc7\u4eca\u5e74\u6c34\u5e73\u3002\u7279\u6717\u666e\u653f\u5e9c\u4e0a\u53f0\u540e\uff0c\u7f8e\u56fd\u517b\u8001 [&hellip;]<\/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-1112","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts\/1112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1112"}],"version-history":[{"count":1,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts\/1112\/revisions"}],"predecessor-version":[{"id":2826,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts\/1112\/revisions\/2826"}],"wp:attachment":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}