{"id":4653,"date":"2025-09-10T00:55:16","date_gmt":"2025-09-09T16:55:16","guid":{"rendered":"https:\/\/www.onchainhtx.com\/?p=4653"},"modified":"2025-09-10T00:55:16","modified_gmt":"2025-09-09T16:55:16","slug":"%e5%b8%81%e5%9c%88%e9%9b%b7%e6%9b%bc%e6%9c%aa%e7%bb%93%e6%9d%9f%ef%bc%8c%e7%81%b0%e5%ba%a6%e6%af%94%e7%89%b9%e5%b8%81gbtc%e5%87%ba%e7%8e%b0%e8%b4%9f%e6%ba%a2%e4%bb%b7%ef%bc%8c%e6%88%96%e6%88%90","status":"publish","type":"post","link":"https:\/\/www.onchainhtx.com\/?p=4653","title":{"rendered":"\u5e01\u5708\u96f7\u66fc\u672a\u7ed3\u675f\uff0c\u7070\u5ea6\u6bd4\u7279\u5e01GBTC\u51fa\u73b0\u8d1f\u6ea2\u4ef7\uff0c\u6216\u6210\u4e3a\u6700\u65b0\u4e00\u73af"},"content":{"rendered":"

\n\t\u5728\u52a0\u5bc6\u8d27\u5e01\u7ecf\u7eaa\u5546\u5de8\u5934Genesis Global Trading\uff08GGT\uff09\u5ba3\u5e03\u53d7FTX \u5d29\u76d8\u5f71\u54cd\u6682\u505c\u8d4e\u56de\u540e\uff0c\u4e8b\u60c5\u5ef6\u70e7\uff0c\u5176\u59d0\u59b9\u516c\u53f8Grayscale Investments \u7ba1\u7406\u7684\u5168\u7403\u6700\u5927\u6bd4\u7279\u5e01\u57fa\u91d1\u7070\u5ea6\u6bd4\u7279\u5e01\u4fe1\u6258GBTC\uff08Grayscale Bitcoin Trust\uff09\u6210\u4e3a\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u53c8\u4e00\u4e2a\u6f5c\u5728\u98ce\u9669\u70b9\u3002<\/p>\n

\n\t\u6240\u4ee5\u5f53\u7070\u5ea6\uff08Grayscale\uff09\u6f84\u6e05\u8425\u8fd0\u6ca1\u95ee\u9898\u4f46\u62d2\u7edd\u516c\u5f00\u8d44\u4ea7\u8bc1\u660e\u540e\uff0c\u793e\u7fa4\u53cd\u5e94\u6fc0\u70c8\uff0c\u4ece\u6000\u7591\u3001\u5632\u8bbd\uff0c\u5230\u5f00\u59cb\u5fe7\u8651\u4e0b\u4e00\u4e2a\u7206\u96f7\u7684\u4f1a\u662f\u7070\u5ea6\u3002\u6b64\u5916\uff0c\u5728Genesis \u5ba3\u5e03\u6682\u505c\u63d0\u6b3e\u540e\uff0c\u5e02\u573a\u4f20\u8a00Genesis \u6216\u5b58\u5728\u507f\u4ed8\u80fd\u529b\u95ee\u9898\uff0c\u4e3a\u4e86\u586b\u8865\u7a9f\u7abf\uff0cGenesis \u6bcd\u516c\u53f8DCG \u6216\u9009\u62e9\u89e3\u6563\u65d7\u4e0b\u53e6\u4e00\u5bb6\u516c\u53f8Grayscale \u6240\u53d1\u884c\u7684GBTC \u548cETHE\u3002\u53d7\u6b64\u5f71\u54cd\uff0cGBTC \u7684\u4ea4\u6613\u4ef7\u683c\u8f83\u5176\u6301\u6709\u7684\u6bd4\u7279\u5e01\u6807\u7684\u7684\u6298\u4ef7\u518d\u521b\u7eaa\u5f55\u3002<\/p>\n

\n\t\u4ee5\u4e0b\u5c06\u603b\u7ed3\u8fd1\u671f\u7684\u76f8\u5173\u8d44\u8baf\uff0c\u5206\u6790\u4e3a\u4ec0\u4e48 GBTC \u4f1a\u51fa\u73b0\u8d1f\u6ea2\u4ef7\uff0c\u4ee5\u53ca\u7070\u5ea6\u751a\u81f3\u5176\u6bcd\u516c\u53f8DCG \u56e0\u6b64\u7206\u96f7\u7684\u53ef\u80fd\u6027\u3002<\/p>\n

\n\t\"\"<\/p>\n

\n\t\u7070\u5ea6\u6bd4\u7279\u5e01\u4fe1\u6258\u57fa\u91d1\uff08GBTC\uff09\u662f\u4ec0\u4e48\uff1f<\/h2>\n

\n\t\u7070\u5ea6\u6bd4\u7279\u5e01\u4fe1\u6258\u57fa\u91d1\uff08GBTC\uff09\u662f\u4e00\u6863\u4ee3\u8868\u4e00\u5b9a\u6570\u91cf\u6bd4\u7279\u5e01\u7684\u57fa\u91d1\uff0c\u8ffd\u8e2a\u73b0\u8d27\u6bd4\u7279\u5e01\u4ef7\u683c\uff0c\u63d0\u4f9b\u4f20\u7edf\u7f8e\u56fd\u8bc1\u5238\u5e02\u573a\u5bf9\u4e8e\u6bd4\u7279\u5e01\u66dd\u9669\u7684\u6295\u8d44\u7ba1\u9053\uff0c\u4e00\u4e9b\u4f20\u7edf\u673a\u6784\u788d\u4e8e\u6cd5\u89c4\u548c\u5ba1\u8ba1\u95ee\u9898\uff0c\u5728\u8d44\u4ea7\u8d1f\u503a\u8868\u4e0a\u4e0d\u80fd\u8ba4\u5217\u865a\u62df\u8d44\u4ea7\uff0c\u5982\u679c\u60f3\u8981\u5408\u89c4\u6301\u6709\u52a0\u5bc6\u8d27\u5e01\u66dd\u9669\uff0c\u6295\u8d44GBTC \u4fbf\u6210\u4e3a\u4e86\u4e00\u4e2a\u6700\u9002\u5408\u7684\u65b9\u5f0f\u3002<\/p>\n

\n\tGBTC \u7684\u8fd0\u4f5c\u6709\u70b9\u7c7b\u4f3c\u4e8eETF\uff0c\u6295\u8d44\u8005\u53ef\u4ee5\u901a\u8fc7\u6301\u6709\u5176\u4efd\u989d\uff0c\u95f4\u63a5\u6301\u6709\u6bd4\u7279\u5e01\uff0c\u56e0\u4e3a\u4ea4\u6613\u65b9\u4fbf\u4e14\u5b58\u50a8\u7b80\u5355\uff0c\u5728\u6b63\u5f0f\u7684\u6bd4\u7279\u5e01ETF \u9762\u5e02\u524d\uff0cGBTC \u4e00\u76f4\u662f\u6bd4\u7279\u5e01\u7684\u6700\u4e3b\u8981\u6301\u6709\u4eba\u4e4b\u4e00\u3002\u4e0d\u8fc7GBTC \u6bcf\u5e74\u7ba1\u7406\u8d39\u9ad8\u8fbe2%\uff0c\u6bd4\u4e00\u822c\u7684\u7f8e\u80a1ETF \u6602\u8d35\u5f97\u591a\uff0c\u4e14\u4e0e\u6bd4\u7279\u5e01\u4ef7\u5dee\u8f83\u5927\u3002<\/p>\n

\n\t\u6b64\u5916\uff0c\u7070\u5ea6\u6bd4\u7279\u5e01\u7684\u57fa\u91d1\u8bf4\u660e\u5176\u4fe1\u6258\u9700\u8981\u62b5\u62bc\u73b0\u8d27\u6bd4\u7279\u5e01\uff0c\u4f46\u76ee\u524d\u7531\u4e8e\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u4e00\u76f4\u62d2\u7eddGBTC \u8f6c\u6362\u4e3a\u5b9e\u7269\u652f\u6301ETF \u7684\u7533\u8bf7\uff0c\u6240\u4ee5\u8ddf\u4e00\u822c\u7684\u884d\u751f\u54c1ETF \u4e0d\u540c\uff0cGBTC \u65e0\u6cd5\u8d4e\u56de\u80a1\u7968\u4ee5\u8ddf\u4e0a\u4e0d\u65ad\u53d8\u5316\u7684\u5e02\u573a\u4ef7\u683c\uff0c\u4ece\u800c\u52a0\u5267\u4e86\u57fa\u91d1\u51c0\u8d44\u4ea7\u4ef7\u503c\uff08NAV\uff09\u51fa\u73b0\u6298\u4ef7\u7684\u60c5\u51b5\uff0c\u540c\u65f6\u57fa\u91d1\u76ee\u524d\u4e5f\u4e0d\u80fd\u4eceGBTC \u9006\u5411\u8d4e\u56de\u5230BTC\uff0c\u8fd0\u4f5c\u4e0a\u8ddf\u4e00\u4e9b\u9ec4\u91d1\u4fe1\u6258\u4e5f\u6709\u5dee\u5f02\u3002<\/p>\n

\n\tGenesis \u66b4\u96f7\u62d6\u7d2fGrayscale\uff0cGBTC \u6298\u4ef7\u4e00\u5ea6\u8fbe\u523050%<\/h2>\n

\n\t\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240FTX \u7684\u5185\u7206\u524a\u5f31\u4e86\u4eba\u4eec\u5bf9\u6570\u5b57\u8d44\u4ea7\u7684\u4fe1\u5fc3\uff0c\u7531\u4e8e\u4e3b\u8981\u53c2\u4e0e\u8005\u4e4b\u95f4\u590d\u6742\u4e14\u901a\u5e38\u4e0d\u900f\u660e\u7684\u8054\u7cfb\uff0c\u5176\u5f71\u54cd\u6ce2\u53ca\u8fd11 \u4e07\u4ebf\u7f8e\u5143\u7684\u884c\u4e1a\u3002<\/p>\n

\n\t\u53bb\u5e74\u53d1\u8d77\u8d85\u8fc7500 \u4ebf\u7f8e\u5143\u8d37\u6b3e\u7684\u52a0\u5bc6\u8d27\u5e01\u7ecf\u7eaa\u5546Genesis Trading \u5728\u4e0a\u5468\u4e09\u5ba3\u5e03\u6682\u505c\u5176\u8d37\u6b3e\u90e8\u95e8\u7684\u8d4e\u56de\u548c\u53d1\u653e\u8d37\u6b3e\u540e\uff0c\u4eba\u4eec\u5bf9Grayscale \u7684\u62c5\u5fe7\u8d8a\u6765\u8d8a\u91cd\u3002<\/p>\n

\n\t\u8fc7\u53bb\u6570\u65e5\uff0cGenesis \u5bfb\u6c42\u83b7\u5f97\u81f3\u5c1110 \u4ebf\u7f8e\u5143\uff0c\u548c\u5305\u62ec\u5168\u7403\u6700\u5927\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240\u5e01\u5b89\u5728\u5185\u7684\u6f5c\u5728\u6295\u8d44\u8005\u8ba8\u8bba\u8fc7\u6295\u8d44\u4e8b\u5b9c\uff0c\u4f46\u8fc4\u4eca\u4e3a\u6b62\uff0cGenesis \u672a\u80fd\u5982\u613f\u3002<\/p>\n

\n\tGenesis \u8b66\u544a\u6f5c\u5728\u6295\u8d44\u8005\uff0c\u5982\u679c\u7b79\u8d44\u52aa\u529b\u5931\u8d25\uff0c\u516c\u53f8\u53ef\u80fd\u9700\u8981\u7533\u8bf7\u7834\u4ea7\u4fdd\u62a4\u3002Genesis \u662fGBTC \u7684\u6d41\u52a8\u6027\u63d0\u4f9b\u8005\uff0c\u5982\u679c\u5176\u7533\u8bf7\u7834\u4ea7\uff0c\u5c06\u5bf9Grayscale \u4ea7\u751f\u76f4\u63a5\u5f71\u54cd\u3002<\/p>\n

\n\tGrayscale \u548cGenesis \u90fd\u662f\u6570\u5b57\u8d27\u5e01\u96c6\u56e2\uff08DCG\uff09 \u7684\u5b50\u516c\u53f8\uff0cDCG \u662f\u4e00\u5bb6\u4f4d\u4e8e\u7f8e\u56fd\u5eb7\u6d85\u72c4\u683c\u5dde\u65af\u5766\u798f\u5fb7\u7684\u98ce\u9669\u6295\u8d44\u516c\u53f8\u3002\u636e\u62a5\u5bfc\uff0c\u76ee\u524dGenesis \u7684\u8d44\u4ea7\u8d1f\u503a\u8868\u4e0a\u670928 \u4ebf\u7f8e\u5143\u672a\u507f\u8d37\u6b3e\uff0c\u5176\u4e2d\u7ea630% \u7684\u8d37\u6b3e\u53d1\u653e\u7ed9\u4e86\u5305\u62ec\u5176\u6bcd\u516c\u53f8DCG \u5728\u5185\u7684\u5173\u8054\u65b9\u3002\u518d\u52a0\u4e0a\uff0c\u5e02\u573a\u731c\u6d4bGenesis \u6bcd\u516c\u53f8DCG \u53ef\u80fd\u9009\u62e9\u300c\u5f03\u8f66\u4fdd\u5352\u300d\uff0c\u66f4\u662f\u5f15\u53d1\u5e02\u573a\u5bf9GBTC \u7684\u6e05\u7b97\u62c5\u5fe7\uff0c\u5bfc\u81f4GBTC \u6298\u4ef7\u98d9\u5347\u3002<\/p>\n

\n\t\u6839\u636eYCharts.com \u7684\u6570\u636e\uff0c\u4e0a\u5468\u4e94\u8be5\u4fe1\u6258\u7684\u6298\u6263\u8fbe\u5230\u4e8645%——\u9ad8\u4e8e\u524d\u4e00\u5929\u7684\u7ea642.7%\u3002<\/p>\n

\n\tBloomberg Intelligence \u5206\u6790\u5e08James Seyffart \u5728\u63a8\u7279\u4e0a\u8868\u793a\uff0cGBTC \u7684\u6298\u4ef7\u5728\u5468\u4e00\u65e9\u4e0a\u4e00\u5ea6\u8fbe\u523050%\uff0c\u968f\u540e\u56de\u843d\u81f3\u5927\u7ea648%\u3002\u76ee\u524d\u6298\u4ef7\u8fdb\u4e00\u6b65\u56de\u843d\u523042.6%\u3002<\/p>\n

\n\t\"\"<\/p>\n

\n\t\u4eca\u5e74\u4ee5\u6765\uff0c\u4f34\u968f\u7740\u6bd4\u7279\u5e01\u4ef7\u683c\u66b4\u8dcc\uff0cGBTC \u7684\u4ea4\u6613\u6298\u4ef7\u5c31\u5df2\u7ecf\u5927\u5e45\u4e0a\u5347\u3002<\/p>\n

\n\t\u6bd4\u7279\u5e01\u5728\u8fc7\u53bb12 \u4e2a\u6708\u4e0b\u8dcc\u4e8672%\uff0c\u4f46\u622a\u81f3\u4e0a\u5468\u4e94\uff0cGBTC \u540c\u671f\u4e0b\u8dcc\u4e8682%\u3002\u8fd9\u610f\u5473\u7740\u8be5\u4fe1\u6258\u57fa\u91d1\u7684\u6295\u8d44\u8005\u8fc7\u53bb\u4e00\u5e74\u5df2\u7ecf\u635f\u5931\u4e8682%\uff0c\u8d85\u8fc7\u4e86\u6bd4\u7279\u5e01\u672c\u8eab\u7684\u8dcc\u5e45\u3002<\/p>\n

\n\t\u6668\u661f\u516c\u53f8\uff08Morningstar\uff09\u88ab\u52a8\u7b56\u7565\u7814\u7a76\u4e3b\u7ba1Bryan Armour \u8868\u793a\uff0c\u5bf9\u4e8e\u5df2\u7ecf\u4ece\u6bd4\u7279\u5e01\u66b4\u8dcc\u4e2d\u611f\u53d7\u5230\u4e86\u5de8\u5927\u75db\u82e6\u7684\u6295\u8d44\u8005\u6765\u8bf4\uff0cGBTC \u521b\u7eaa\u5f55\u7684\u6298\u4ef7\u662f\u4e00\u4e2a\u300c\u5de8\u5927\u7684\u62c5\u5fe7\u300d\u3002<\/p>\n

\n\tGBTC \u51fa\u73b0\u8d1f\u6ea2\u4ef7\uff0c\u4e3a\u4f55\u5927\u5bb6\u5374\u4e0d\u4e70\uff1f<\/h2>\n

\n\t\u5728\u4e0a\u5468\u7f8e\u80a1\u6536\u5e02\u540e\uff0cGBTC \u6ea2\u4ef7\u5df2\u66fe\u8dcc\u81f3\u300c-45%\u300d\u7684\u5386\u53f2\u65b0\u4f4e\uff0c\u5176\u5b9eGBTC \u4ece2022 \u5e742 \u6708\u5e95\u5f00\u59cb\u51fa\u73b0\u8d1f\u6ea2\u4ef7\uff0c\u800c\u4e14\u968f\u7740\u718a\u5e02\u6b65\u4f10\u8fd9\u4e2a\u6bd4\u7387\u4e00\u76f4\u6269\u5927\uff0c\u4f46\u5bf9\u4e8e\u60f3\u6295\u8d44\u6bd4\u7279\u5e01\u7684\u4eba\u6765\u8bf4\uff0c\u8fd9\u4e0d\u662f\u4e00\u4e2a\u597d\u673a\u4f1a\u5417\uff1f<\/p>\n

\n\t\u4e8b\u5b9e\u4e0a\uff0c\u81ea\u4eceGBTC \u51fa\u73b0\u8d1f\u6ea2\u4ef7\u4e4b\u540e\uff0c\u786e\u5b9e\u6709\u5f88\u6709\u591a\u6295\u8d44\u4eba\u770b\u597d\u5e76\u4e14\u52a0\u7801\u6295\u8d44\uff0c\u5f53\u4e2d\u5305\u62ec\u5df2\u7ecf\u7834\u4ea7\u7684\u4e09\u7bad\u8d44\u672c\u521b\u529e\u4ebaZhu Su\uff0c\u8fd8\u6709\u7531\u300c\u5973\u80a1\u795e\u300dCathie Wood \u521b\u529e\u7684\u65b9\u821f\u6295\u8d44\u7ba1\u7406\u516c\u53f8\uff08ARK Invest\uff09\uff0c\u76ee\u524d\u6301\u6709\u6700\u591aGBTC \u7684\u6b63\u662f\u65b9\u821f\u6295\u8d44\uff0c\u800c\u5728\u593410 \u5927\u6301\u6709\u8005\u5f53\u4e2d\u4e5f\u4e0d\u4e4f\u4e00\u4e9b\u4f20\u7edf\u6295\u8d44\u673a\u6784\uff0c\u5305\u62ec\u300c\u7f57\u65af\u67f4\u5c14\u5fb7\u6295\u8d44\u516c\u53f8\u300d\uff0c\u6295\u8d44\u4eba\u4e5f\u61a7\u61acGBTC \u6709\u4e00\u5929\u6700\u7ec8\u83b7\u6279\u6210\u4e3a\u4e00\u6863\u6b63\u5f0f\u7684ETF\uff0c\u9884\u671f\u80fd\u4ee5\u6b63\u6ea2\u4ef7\u51fa\u573a\u3002<\/p>\n

\n\t\"\"<\/p>\n

\n\t\u53ef\u60dc\u4e8b\u4e0e\u613f\u9057\uff0c\u968f\u7740\u7f8e\u56fdSEC \u518d\u4e09\u62d2\u7edd\u7070\u5ea6\u7684\u7533\u8bf7\uff0c\u663e\u793aGBTC \u8f6c\u6362\u4e3aETF \u7684\u53ef\u80fd\u6027\u8f83\u4f4e\uff0c\u6216\u8005\u9700\u8981\u66f4\u957f\u7684\u65f6\u95f4\uff0c\u6295\u8d44\u8005\u7684\u8010\u6027\u4e5f\u53d7\u5230\u8003\u9a8c\uff0c\u751a\u81f3\u6000\u7591GBTC \u662f\u5426\u6709\u7ed3\u6784\u6027\u95ee\u9898\u5bfc\u81f4\u5ba1\u6279\u4e00\u76f4\u88ab\u62d2\u7edd\uff0c\u4e3a\u4e86\u63a8\u8fdb\u7533\u8bf7\u8fdb\u5ea6\u7070\u5ea6\u66fe\u8003\u8651\u5411SEC \u63d0\u51fa\u8bc9\u8bbc\uff0c\u4f46\u5230\u76ee\u524d\u4e3a\u6b62\u7533\u8bf7\u8fd8\u662f\u6ca1\u6709\u88ab\u901a\u8fc7\u3002<\/p>\n

\n\t\u800c\u4e8b\u5b9e\u4e0a\uff0c\u968f\u7740FTX \u4e8b\u4ef6\u5f15\u7206\u7684\u52a0\u5bc6\u8d27\u5e01\u4fe1\u5fc3\u5371\u673a\u6f2b\u5ef6\uff0c\u6216\u8bb8\u4f1a\u6709\u66f4\u591a\u673a\u6784\u6295\u8d44\u4eba\u56e0\u770b\u6de1\u524d\u666f\u800c\u9000\u573a\uff0cGBTC \u51fa\u73b0\u8d1f\u6ea2\u4ef7\u7684\u72b6\u51b5\u6781\u6709\u53ef\u80fd\u6765\u81ea\u6295\u8d44\u4eba\u629b\u552e\u51fa\u573a\u6240\u81f4\u3002<\/p>\n

\n\t\u5206\u6790\u5e08\u9884\u8ba1GBTC \u4e0d\u4f1a\u53d1\u751f\u6e05\u7b97<\/h2>\n

\n\t\u76ee\u524d\uff0c\u4e00\u4e9b\u5206\u6790\u5e08\u9884\u8ba1GBTC \u4e0d\u4f1a\u53d1\u751f\u6e05\u7b97\u3002<\/p>\n

\n\t\u7f8e\u56fd\u77e5\u540d\u91d1\u878d\u987e\u95ee\u673a\u6784Bernstein Research \u8868\u793a\uff0c\u5e02\u573a\u62c5\u5fc3Grayscale \u53ef\u80fd\u300c\u88ab\u8003\u8651\u4f5c\u4e3a\u707e\u96be\u53d1\u751f\u65f6\u7684\u6218\u7565\u9009\u62e9\u300d\uff0c\u4f46\u5373\u4f7f\u5728\u6700\u4e0d\u5229\u7684\u60c5\u51b5\u4e0b\uff0cDCG \u4e5f\u5b81\u613f\u4fdd\u7559Grayscale\uff0c\u800c\u4e0d\u662fGenesis \u7684\u4e1a\u52a1\u3002Grayscale \u662fDCG \u7684\u300c\u65d7\u8230\u4e1a\u52a1\u548c\u6447\u94b1\u6811\u300d\uff0c\u6bcf\u5e74\u4ea7\u751f\u7ea63 \u4ebf\u7f8e\u5143\u7684\u8d39\u7528\u6536\u5165\u3002<\/p>\n

\n\tBernstein \u5206\u6790\u5e08\u8868\u793a\uff0cGenesis \u505c\u6b62\u63d0\u6b3e\u5e76\u4e0d\u76f4\u63a5\u5f71\u54cdGBTC\uff0c\u5373\u4f7fGenesis \u65e0\u6cd5\u7b79\u96c6\u8d44\u91d1\u5e76\u7533\u8bf7\u7834\u4ea7\uff0c\u503a\u6743\u4eba\u4e5f\u65e0\u6cd5\u5bf9GBTC \u7684\u8d44\u4ea7\u63d0\u51fa\u7d22\u8d54\uff1a\u300cGBTC \u7684\u4fe1\u6258\u7ed3\u6784\u4fdd\u62a4\u5176\u6301\u6709\u4eba\uff0c\u5e76\u5728DCG \u6216DCG Group \u516c\u53f8\u5185\u90e8\u8bbe\u7f6e\u4e86\u9632\u706b\u5899\u3002\u300d<\/p>\n

\n\t\u82e5GBTC \u66b4\u96f7\u5c06\u5bf9\u6bd4\u7279\u5e01\u9020\u6210\u4ec0\u4e48\u5f71\u54cd\uff1f<\/h2>\n

\n\t\u5206\u6790\u4eba\u58eb\u79f0\uff0cGBTC \u9762\u4e34\u7684\u6838\u5fc3\u95ee\u9898\u662f\u5b83\u5df2\u88ab\u66f4\u597d\u7684\u6bd4\u7279\u5e01\u6301\u6709\u5de5\u5177\u6240\u53d6\u4ee3\u3002\u5f53\u5b83\u4e8e2013 \u5e74\u4f5c\u4e3a\u79c1\u52df\u53d1\u884c\u65f6\uff0c\u5b83\u662f\u540c\u7c7b\u4ea7\u54c1\u4e2d\u4e3a\u6570\u4e0d\u591a\u7684\u4ea7\u54c1\u4e4b\u4e00\uff0c\u5e76\u4e14\u968f\u7740\u52a0\u5bc6\u884c\u4e1a\u7684\u6269\u5f20\uff0c\u5b83\u8fc5\u901f\u589e\u52a0\u4e86\u80a1\u7968\u6570\u91cf\u4ee5\u5438\u6536\u5373\u5c06\u5230\u6765\u7684\u73b0\u91d1\u6f6e\u3002<\/p>\n

\n\t\u7136\u800c\uff0c2021 \u5e74\u52a0\u62ff\u5927\u7b2c\u4e00\u53ea\u6bd4\u7279\u5e01ETF \u7684\u51fa\u73b0\uff0c\u8ba9GBTC \u53d7\u5230\u4e86\u6253\u51fb\u3002ETF \u8fd9\u7c7b\u6295\u8d44\u5de5\u5177\u7684\u8d39\u7528\u901a\u5e38\u4e0d\u5230GBTC \u6bcf\u5e74\u6536\u53d6\u76842% \u7684\u4e00\u534a\u3002\u5b83\u4eec\u8fd8\u63d0\u4f9b\u4e86\u66f4\u5927\u7684\u6d41\u52a8\u6027\uff0c\u65b0\u6295\u8d44\u8005\u65e0\u9700\u652f\u4ed8\u6ea2\u4ef7\u3002<\/p>\n

\n\t\u968f\u7740\u8d44\u91d1\u6d41\u51faGBTC\uff0c\u5176\u80a1\u7968\u7684\u4f9b\u9700\u5931\u8861\uff0c\u63a8\u52a8\u5176\u80a1\u4ef7\u5927\u5e45\u4f4e\u4e8e\u8d44\u4ea7\u51c0\u503c\u3002<\/p>\n

\n\t\u4f46\u6839\u672c\u95ee\u9898\u5728\u4e8e\uff0c\u4e0eETF \u4e0d\u540c\uff0cGBTC \u6ca1\u6709\u5957\u5229\u673a\u5236\u6765\u4f7f\u4f9b\u9700\u6062\u590d\u5e73\u8861\u3002<\/p>\n

\n\tGBTC \u80a1\u7968\u4e0d\u80fd\u5151\u6362\u5b9e\u7269\u6bd4\u7279\u5e01\u6216\u73b0\u91d1\uff0c\u53ea\u80fd\u901a\u8fc7\u573a\u5916\u4ea4\u6613\u5e02\u573a\u51fa\u552e\u7ed9\u5176\u4ed6\u4e70\u5bb6\u3002Grayscale \u9700\u8981\u83b7\u5f97\u76d1\u7ba1\u90e8\u95e8\u7684\u6279\u51c6\u624d\u80fd\u5b9e\u65bd\u80a1\u7968\u56de\u8d2d\u8ba1\u5212\u3002<\/p>\n

\n\t\u4f46Grayscale \u5e0c\u671b\u5c06GBTC \u8f6c\u6362\u4e3a\u6bd4\u7279\u5e01ETF\uff0c\u4f46\u8be5\u8ba1\u5212\u8fc4\u4eca\u4e3a\u6b62\u5df2\u88ab\u7f8e\u56fd\u8bc1\u4ea4\u4f1a\uff08SEC\uff09\u963b\u6b62\uff0cSEC \u62d2\u7edd\u6548\u4eff\u52a0\u62ff\u5927\u548c\u5176\u4ed6\u5730\u65b9\u7684\u76d1\u7ba1\u673a\u6784\u6279\u51c6\u6bd4\u7279\u5e01ETF\uff0c\u7406\u7531\u662f\u62c5\u5fc3\u53d1\u751f\u7684\u4e0d\u53d7\u76d1\u7ba1\u7684\u4ea4\u6613\u6240\u5b58\u5728\u6f5c\u5728\u6b3a\u8bc8\u548c\u64cd\u7eb5\u884c\u4e3a\u3002<\/p>\n

\n\tGrayscale \u76ee\u524d\u6b63\u5728\u8d77\u8bc9SEC\uff0c\u8981\u6c42\u83b7\u5f97\u8f6c\u6362GBTC \u7684\u6743\u5229\u3002\u7136\u800c\uff0c\u4e0d\u65ad\u6269\u5927\u7684GBTC \u6298\u4ef7\u8868\u660e\uff0c\u51e0\u4e4e\u6ca1\u6709\u5e02\u573a\u53c2\u4e0e\u8005\u8ba4\u4e3a\u5b83\u6709\u53ef\u80fd\u6210\u529f\u3002<\/p>\n

\n\t\u6570\u636e\u63d0\u4f9b\u5546VettaFi \u7684\u7814\u7a76\u4e3b\u7ba1Todd Rosenbluth \u8868\u793a\uff0c\u300c\u5982\u679c\u4ed6\u4eec\u6210\u529f\u8d62\u5f97\u5b98\u53f8\uff0c\u90a3\u4e48\u4efb\u4f55\u6295\u8d44\u8005\u90fd\u5c06\u5b8c\u597d\u65e0\u635f\u3002\u6298\u6263\u5c06\u6025\u5267\u51cf\u5c11\uff0c\u56e0\u4e3a\u80a1\u7968\u4e70\u5165\u548c\u8d4e\u56de\u8fc7\u7a0b\u53ef\u4ee5\u81ea\u7531\u53d1\u751f\u300d\u3002<\/p>\n

\n\t\u4e5f\u6709\u4e00\u4e9b\u6295\u8d44\u8005\u5bf9\u6b64\u8868\u793a\u4e50\u89c2\uff0c\u4eca\u5e7410 \u6708\uff0c\u300c\u6728\u5934\u59d0\u300dCathie Wood \u8868\u793a\uff0c\u9274\u4e8eGBTC \u6709\u53ef\u80fd\u5728\u67d0\u4e2a\u65f6\u5019\u8f6c\u6362\u4e3aETF\uff0c\u56e0\u6b64\u5176\u4ea4\u6613\u4ef7\u683c\u5904\u4e8e\u4f4e\u4f30\u72b6\u6001\u3002<\/p>\n

\n\t\u4e0a\u5468\u4e00\uff0c\u300c\u6728\u5934\u59d0\u300d\u8a00\u884c\u4e00\u81f4\uff0c\u5373\u4f7f\u5728FTX \u66b4\u96f7\u5f15\u53d1\u5e01\u5708\u52a8\u8361\u4e4b\u9645\uff0c\u6301\u7eed\u6284\u5e95\u6570\u5b57\u8d27\u5e01\u7c7b\u8d44\u4ea7\uff0c\u5176\u65d7\u4e0b\u7684ARK \u4e0b\u4e00\u4ee3\u4e92\u8054\u7f51ETF\uff08ARKW\uff09\u4e70\u5165\u4e86\u8d85\u8fc731.5 \u4e07\u80a1\u7070\u5ea6\u6bd4\u7279\u5e01\u4fe1\u6258GBTC\uff0c\u4ef7\u503c\u7ea6280 \u4e07\u7f8e\u5143\u3002\u4e0a\u5468\u4e8c\u4e5f\u6709\u4e70\u5165\u64cd\u4f5c\u3002<\/p>\n

\n\tSeyffart \u6307\u51fa\uff0c\u5982\u679cGrayscale \u65e0\u529b\u507f\u503a\u6216\u7834\u4ea7\uff0c\u5c06\u6784\u6210\u6e05\u7b97\u7684\u7406\u7531\uff0c\u9664\u975e\u4fe1\u6258\u57fa\u91d1\u4e2d50% \u7684\u80a1\u4efd\u6295\u7968\u8f6c\u8ba9\u7ed9\u65b0\u7684\u53d1\u8d77\u4eba\u3002<\/p>\n

\n\t\u5206\u6790\u4eba\u58eb\u8ba4\u4e3a\uff0cTerra Luna \u66b4\u96f7\u4e8b\u4ef6\u4ec5\u6e05\u7b97\u4e8680000 \u4e2a\u6bd4\u7279\u5e01\uff0c\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u5c31\u4e00\u8def\u4ece40000 \u7f8e\u5143\u66b4\u8dcc\u81f320000 \u7f8e\u5143\u3002\u800cGBTC \u76ee\u524d\u6301\u6709634000 \u679aBTC\uff0c\u4e00\u65e6\u53d1\u751f\u6e05\u7b97\uff0c\u5bf9\u6bd4\u7279\u5e01\u4ef7\u683c\u7684\u5f71\u54cd\u65e0\u7591\u5de8\u5927\u3002\u6709\u5206\u6790\u751a\u81f3\u7528\u300c\u6bd4\u7279\u5e01\u7684\u4e16\u754c\u672b\u65e5\u300d\u6765\u63cf\u8ff0\u3002<\/p>\n

\n\tGrayscale \u80fd\u5982\u4f55\u89e3\u51b3\u6298\u4ef7\u95ee\u9898\uff1f<\/h2>\n

\n\t\u89e3\u51b3\u6298\u4ef7\u7684\u65b9\u6cd5\u6709\u4e09\u4e2a\uff0c\u4e00\u662f\u8d4e\u56de\uff0c\u4e8c\u662f\u8f6cETF\uff0c\u4e09\u662fM \u89c4\u5219\u3002<\/p>\n

\n\tSeyffart \u79f0\uff0cGrayscale \u53ef\u4ee5\u9009\u62e9\u901a\u8fc7\u5141\u8bb8\u8d4e\u56de\u80a1\u7968\u6765\u7f13\u89e3\u6298\u4ef7\uff0c\u4f46\u8865\u5145\u8bf4\uff1a\u300c\u4ed6\u4eec\u8fd8\u6ca1\u6709\u8868\u73b0\u51fa\u4efb\u4f55\u52a8\u7528\u8fd9\u4e00\u6760\u6746\u7684\u610f\u613f\uff0c\u56e0\u4e3a\u8fd9\u5c06\u589e\u52a0\u6210\u672c\uff0c\u5e76\u964d\u4f4e\u672a\u6765\u6765\u81ea\u7ba1\u7406\u8d39\u7684\u6536\u5165\u3002\u300d<\/p>\n

\n\t\u5173\u4e8e\u7b2c\u4e8c\u6761\uff0c\u591a\u6570\u5206\u6790\u5e08\u9884\u8ba1\uff0cGBTC \u4e0d\u4f1a\u8f6c\u6362\u4e3aETF\uff0c\u4ed6\u4eec\u8ba4\u4e3a\uff0cFTX \u7684\u5d29\u6e83\u53ef\u80fd\u4f1a\u5728\u77ed\u671f\u5185\u963b\u65ad\u6e10\u8fdb\u5f0f\u52a0\u5bc6\u76d1\u7ba1\u3002<\/p>\n

\n\t\u5176\u4ed6\u4e1a\u5185\u4eba\u58eb\u8868\u793a\uff0c\u5373\u4fbf\u6ca1\u6709\u5f97\u5230SEC \u7684\u6279\u51c6\uff0c\u8be5\u516c\u53f8\u4e5f\u5e94\u8be5\u4e89\u53d6\u83b7\u5f97M \u6761\u4f8b\u7684\u8c41\u514d\u3002M \u6761\u4f8b\u662fSEC \u4e3a\u9632\u6b62\u64cd\u7eb5\u884c\u4e3a\u800c\u5236\u5b9a\u7684\u4e00\u9879\u89c4\u5b9a\u3002Arch Public Inc.\u8054\u5408\u521b\u59cb\u4ebaAndrew Parrish \u8868\u793a\uff0c\u8fd9\u53ef\u80fd\u662fDCG \u633d\u6551\u8d44\u4ea7\u7684\u6700\u540e\u4e00\u640f\u3002<\/p>\n

\n\t\u4e0d\u8fc7\uff0cGrayscale \u6b64\u524d\u8868\u793a\uff0c\u5982\u679cSEC \u6279\u51c6GBTC \u5411ETF \u8f6c\u6362\uff0cM \u89c4\u5219\u5c06\u81ea\u52a8\u83b7\u5f97\u901a\u8fc7\u3002<\/p>\n

\n\t\u636eMessari \u9996\u5e2d\u6267\u884c\u5b98Ryan Selkis \u79f0\uff0cGrayscale \u53ef\u4ee5\u9009\u62e9\u5728\u8bc9\u8bbc\u89e3\u51b3\u4e4b\u524d\u7533\u8bf7M \u89c4\u5219\u6279\u51c6\uff0c\u8fd9\u5c06\u6d88\u9664\u8d44\u4ea7\u51c0\u503c\u7684\u6298\u8ba9\u3002\u4ed6\u5728\u63a8\u7279\u4e0a\u8bf4\uff1a\u300c\u9274\u4e8e\u4e0eGenesis Trading\u3001Genesis Capital\uff0c\u4ee5\u53ca\u81f3\u5c11\u4e24\u5bb6\u7834\u4ea7\u5bf9\u624b\u65b9\uff08BlockFi \u548c3AC\uff09\u7684\u5173\u8054\u65b9\u4ea4\u6613\uff0cGrayscale \u80dc\u8bc9SEC \u7684\u673a\u7387\u73b0\u5728\u4e3a0\u3002\u300d\u300c\u63a8\u8fdf\u5b9e\u65bdM \u89c4\u5219\u8ba1\u5212\u4f24\u5bb3\u4e86\u6295\u8d44\u8005\uff0c\u4f46\u5374\u8ba9DCG\/Grayscale \u53d7\u76ca\u3002\u300d<\/p>\n","protected":false},"excerpt":{"rendered":"

\u5728\u52a0\u5bc6\u8d27\u5e01\u7ecf\u7eaa\u5546\u5de8\u5934Genesis Global Trading\uff08GGT\uff09\u5ba3\u5e03\u53d7FTX \u5d29\u76d8\u5f71\u54cd\u6682\u505c\u8d4e\u56de\u540e\uff0c\u4e8b…<\/p>\n","protected":false},"author":1,"featured_media":5985,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-4653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=\/wp\/v2\/posts\/4653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4653"}],"version-history":[{"count":1,"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=\/wp\/v2\/posts\/4653\/revisions"}],"predecessor-version":[{"id":8257,"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=\/wp\/v2\/posts\/4653\/revisions\/8257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=\/wp\/v2\/media\/5985"}],"wp:attachment":[{"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}