{"id":1681,"date":"2025-07-14T14:53:44","date_gmt":"2025-07-14T06:53:44","guid":{"rendered":"https:\/\/www.yixiangtian.com\/?p=1681"},"modified":"2025-07-14T14:53:44","modified_gmt":"2025-07-14T06:53:44","slug":"%e6%af%94%e7%89%b9%e5%b8%81-etf-%e4%bc%9a%e6%af%94%e5%8e%bb%e5%b9%b4%e8%a1%a8%e7%8e%b0%e5%be%97%e6%9b%b4%e5%a5%bd%e5%90%97%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/www.yunsiwang.com\/?p=1681","title":{"rendered":"\u6bd4\u7279\u5e01 ETF \u4f1a\u6bd4\u53bb\u5e74\u8868\u73b0\u5f97\u66f4\u597d\u5417\uff1f"},"content":{"rendered":"<h1 class=\"art_tit\">\u6bd4\u7279\u5e01 ETF \u4f1a\u6bd4\u53bb\u5e74\u8868\u73b0\u5f97\u66f4\u597d\u5417\uff1f<\/h1>\n<div class=\"content_text\">\n<p>\u4f5c\u8005\uff1aBen Strack\uff0cBlockworks\uff1b\u7f16\u8bd1\uff1a\u4e94\u94e2\uff0c\u91d1\u8272\u8d22\u7ecf<\/p>\n<p>\u5728\u7f8e\u56fd\u73b0\u8d27\u6bd4\u7279\u5e01 ETF \u63a8\u51fa\u4e00\u5468\u5e74\u4e4b\u9645\uff0c\u5f6d\u535a\u60c5\u62a5\u7684 James Seyffart \u544a\u8bc9\u6211\uff0c\u5373\u4f7f\u662f\u8fd9\u4e9b\u4ea7\u54c1\u80cc\u540e\uff0c\u66f4\u770b\u597d\u8fd9\u4e9b\u4ea7\u54c1\u7684\u516c\u53f8\u4e5f\u5bf9\u8fd9\u4e9b\u4ea7\u54c1\u7684\u53cd\u54cd\u611f\u5230\u60ca\u8bb6\u3002<\/p>\n<p>\u5bcc\u8fbe\u6295\u8d44\u7684\u6570\u5b57\u8d44\u4ea7\u7b56\u7565\u5e08\u4e3b\u7ba1 Matt Horne \u5411\u6211\u8bc1\u5b9e\u4e86\u8fd9\u4e00\u70b9\u3002<\/p>\n<p>\u4ed6\u63d0\u5230\uff0c<span><strong>\u6563\u6237\u6295\u8d44\u8005\u3001\u987e\u95ee\u548c\u673a\u6784\u5bf9\u6bd4\u7279\u5e01\u7684\u9700\u6c42\u8d85\u8fc7\u4e86\u8be5\u516c\u53f8\u7684\u201c\u4e50\u89c2\u201d\u9884\u671f\u3002<\/strong><\/span>\u5bcc\u8fbe Wise Origin \u6bd4\u7279\u5e01\u57fa\u91d1 (FBTC) \u7684\u51c0\u6d41\u5165\u91cf\u4e3a 122 \u4ebf\u7f8e\u5143\uff0c\u4ec5\u6b21\u4e8e\u8d1d\u83b1\u5fb7\u7684 iShares \u6bd4\u7279\u5e01\u4fe1\u6258\u57fa\u91d1 (IBIT)\uff08377 \u4ebf\u7f8e\u5143\uff09\u3002<\/p>\n<p>\u4f46\u6bd4\u7279\u5e01 ETF \u5e02\u573a\u662f\u5426\u4f1a\u8fce\u6765\u7b2c\u4e8c\u4e2a\u4f4e\u8ff7\u671f\uff1f<\/p>\n<p>Horne\u00a0\u89e3\u91ca\u8bf4\uff0c\u5bcc\u8fbe\u8fc4\u4eca\u5df2\u4e0e\u6240\u6709\u5ba2\u6237\u7fa4\u4f53\u5c31 2025 \u5e74\u6bd4\u7279\u5e01 ETF \u4f7f\u7528\u7387\u4e0a\u5347\u8fdb\u884c\u4e86\u201c\u5bcc\u6709\u6210\u6548\u7684\u5bf9\u8bdd\u201d\u3002<\/p>\n<p>\u4ed6\u8fd8\u8c08\u5230\u4e86\u8fd9\u9879\u5df2\u6709 16 \u5e74\u5386\u53f2\u7684\u8d44\u4ea7\uff1a<span><strong>\u201c\u66f4\u957f\u7684\u5386\u53f2\u5c06\u4f7f\u6211\u4eec\u80fd\u591f\u7ee7\u7eed\u8fdb\u884c\u6295\u8d44\u7ec4\u5408\u7814\u7a76\uff0c\u5e76\u66f4\u597d\u5730\u4e86\u89e3\u6295\u8d44\u8005\u7684\u98ce\u9669\u627f\u53d7\u80fd\u529b\u548c\u6bd4\u7279\u5e01\u5728\u6295\u8d44\u7ec4\u5408\u4e2d\u7684\u4f5c\u7528\u3002\u201d<\/strong><\/span><\/p>\n<p>Horne\u00a0\u63d0\u5230\u4e86\u5404\u79cd\u5ba2\u6237\u7c7b\u578b\u7684\u201c\u91c7\u7528\u8303\u56f4\u201d\u3002\u76f8\u5173\u6d88\u606f\u662f\uff0cBitwise \u9996\u5e2d\u6267\u884c\u5b98\u4ea8\u7279\u00b7\u970d\u65af\u5229 (Hunter Horsley) \u5468\u4e94\u5728 X \u7a7a\u95f4\u4e0a\u8868\u793a\u2014\u2014\u4f7f\u7528\u4e86\u6770\u5f17\u91cc\u00b7\u6469\u5c14 (Geoffrey Moore) \u7684\u201c\u8de8\u8d8a\u9e3f\u6c9f\u201d\u4e2d\u7684\u672f\u8bed\u2014\u2014\u6211\u4eec\u6b63\u5728\u8d70\u51fa\u65e9\u671f\u91c7\u7528\u8005\u9636\u6bb5\uff0c\u8fdb\u5165\u201c\u65e9\u671f\u5927\u4f17\u201d\u3002<\/p>\n<p>\u7136\u540e\uff0c\u501f\u7528\u6e29\u65af\u987f\u00b7\u4e18\u5409\u5c14 (Winston Churchill) \u7684\u8bdd\u6765\u63cf\u8ff0\u6bd4\u7279\u5e01 ETF \u7684\u91c7\u7528\uff0c\u970d\u65af\u5229\u8865\u5145\u8bf4\uff0c\u611f\u89c9<strong><span>\u6211\u4eec\u6b63\u5904\u4e8e\u201c\u5f00\u59cb\u7684\u7ed3\u675f\u201d\u3002\u4ed6\u6307\u51fa\uff0c\u63a2\u7d22\u6bd4\u7279\u5e01\u4f5c\u4e3a\u673a\u9047\u4ecd\u7136\u662f 30 \u4e07\u4ebf\u7f8e\u5143\u7f8e\u56fd\u8d22\u5bcc\u7ba1\u7406\u884c\u4e1a\u5404\u516c\u53f8\u7684\u201c\u5f85\u529e\u4e8b\u9879\u6e05\u5355\u201d\u3002<\/span><\/strong><\/p>\n<p>\u4f46\u6b63\u5982 Zacks Investment Research \u7684 Neena Mishra \u5468\u4e94\u544a\u8bc9\u6211\u7684\u90a3\u6837\uff0c<span><strong>2025 \u5e74 BTC ETF \u7684\u6d41\u5165\u91cf\u80fd\u5426\u8d76\u4e0a\/\u8d85\u8fc7\u53bb\u5e74\uff0c\u5f88\u53ef\u80fd\u53d6\u51b3\u4e8e\u5e02\u573a\u8868\u73b0\u3002<\/strong><\/span><\/p>\n<p>\u5728\u524d\u9762\u63d0\u5230\u7684 BTC \u4ef7\u683c\u66b4\u8dcc\u4e2d\uff0c\u7f8e\u56fd\u6bd4\u7279\u5e01\u57fa\u91d1\u5468\u4e09\u548c\u5468\u4e94\u5206\u522b\u906d\u9047 5.69 \u4ebf\u7f8e\u5143\u548c 1.49 \u4ebf\u7f8e\u5143\u7684\u6d41\u51fa\uff08\u5468\u56db\u5e02\u573a\u56e0\u7eaa\u5ff5\u5409\u7c73\u00b7\u5361\u7279\u800c\u4f11\u5e02\uff09\u3002<\/p>\n<p>Casey \u63d0\u51fa\u4e86\u7f8e\u56fd\u53ef\u80fd\u7684\u6218\u7565\u6bd4\u7279\u5e01\u50a8\u5907\u2014\u2014Seyffart \u8868\u793a\u8fd9\u5c06\u63a8\u52a8 ETF \u9700\u6c42\u3002\u4f46\u5982\u679c\u7279\u6717\u666e\u548c\u652f\u6301\u52a0\u5bc6\u8d27\u5e01\u7684\u56fd\u4f1a\u672a\u80fd\u5c65\u884c\u4e0e\u52a0\u5bc6\u8d27\u5e01\u76f8\u5173\u7684\u627f\u8bfa\uff0cBTC \u53ef\u80fd\u4f1a\u56de\u8c03\uff08\u548c\u6d41\u51fa\uff09\u3002<\/p>\n<p><span><strong>\u201c\u5c3d\u7ba1\u968f\u7740\u66f4\u591a\u4f20\u7edf\u6295\u8d44\u8005\u4f7f\u7528\u8fd9\u4e9b ETF\uff0c\u5b83\u4eec\u53ef\u80fd\u4f1a\u6210\u4e3a\u6bd4\u7279\u5e01\u4ef7\u683c\u7684\u652f\u6491\uff0c\u56e0\u4e3a\u4ed6\u4eec\u901a\u8fc7\u8d2d\u4e70\u66f4\u591a\u6765\u91cd\u65b0\u5e73\u8861\u4e0b\u884c\u8d8b\u52bf\uff0c\u201dSeyffart \u8bf4\u3002 \u201c\u76f8\u53cd\uff0c\u968f\u7740\u957f\u671f\u5185\u4ed6\u4eec\u91cd\u65b0\u5e73\u8861\u81f3\u76ee\u6807\u914d\u7f6e\u6c34\u5e73\uff0c\u4ed6\u4eec\u4e5f\u53ef\u80fd\u4f1a\u5728\u4e0a\u5347\u8d8b\u52bf\u4e2d\u6210\u4e3a\u5356\u5bb6\u3002\u201d<\/strong><\/span><\/p>\n<\/div>\n<div id=\"project-details\" data-v-9516d980>\n<div class=\"project-details\" data-v-9516d980>\n<div class=\"project-details-l\" data-v-9516d980><img alt class=\"project-details-l-img\" data-v-9516d980><\/div>\n<div class=\"project-details-connent\" data-v-9516d980>\n<div class=\"project-data\" data-v-9516d980>\n<h3 class=\"project-data-name\" data-v-9516d980><\/h3>\n<p class=\"project-data-description\" data-v-9516d980>\n<\/div>\n<div class=\"to-view-more\" data-v-9516d980>\u67e5\u770b\u66f4\u591a<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p> <!--&gt;--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6bd4\u7279\u5e01 ETF \u4f1a\u6bd4\u53bb\u5e74\u8868\u73b0\u5f97\u66f4\u597d\u5417\uff1f \u4f5c\u8005\uff1aBen Strack\uff0cBlockworks\uff1b\u7f16\u8bd1\uff1a\u4e94\u94e2\uff0c\u91d1\u8272\u8d22\u7ecf [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1681","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts\/1681","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1681"}],"version-history":[{"count":1,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts\/1681\/revisions"}],"predecessor-version":[{"id":3405,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts\/1681\/revisions\/3405"}],"wp:attachment":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}