{"id":4864,"date":"2025-11-01T18:55:16","date_gmt":"2025-11-01T10:55:16","guid":{"rendered":"https:\/\/www.dm-yq.com\/?p=4864"},"modified":"2025-11-01T18:55:16","modified_gmt":"2025-11-01T10:55:16","slug":"%e8%b4%9d%e8%8e%b1%e5%be%b7%e6%af%94%e7%89%b9%e5%b8%81%e7%8e%b0%e8%b4%a7etf%e7%9a%84%e7%9b%91%e7%9d%a3%e5%85%b1%e4%ba%ab%e5%8d%8f%e8%ae%ae%ef%bc%8c%e6%88%96%e5%b0%86%e5%b8%a6%e6%9d%a5%e6%95%b0","status":"publish","type":"post","link":"https:\/\/www.dm-yq.com\/?p=4864","title":{"rendered":"\u8d1d\u83b1\u5fb7\u6bd4\u7279\u5e01\u73b0\u8d27ETF\u7684\u76d1\u7763\u5171\u4eab\u534f\u8bae\uff0c\u6216\u5c06\u5e26\u6765\u6570\u5341\u4ebf\u7f8e\u5143\u7684\u6295\u8d44\u5e02\u573a"},"content":{"rendered":"

\n\tThe Block\u91c7\u8bbf\u4e86Kraken \u5b50\u516c\u53f8CF Benchmarks \u7684\u6267\u884c\u957fSui Chung\uff0c\u8be5\u516c\u53f8\u63d0\u4f9b\u4e86\u8d1d\u83b1\u5fb7(BlackRock)\u3001Valkyrie \u548cWisdomTree \u7533\u8bf7\u6bd4\u7279\u5e01\u73b0\u8d27ETF \u6240\u4f7f\u7528\u7684\u6307\u6570\u3002Chung \u591a\u5e74\u6765\u5bc6\u5207\u53c2\u4e0e\u6bd4\u7279\u5e01ETF \u7684\u7533\u8bf7\u6d41\u7a0b\uff0c\u4ed6\u8c08\u5230\u4e86\u8d1d\u83b1\u5fb7\u8fd1\u671f\u7684\u7533\u8bf7\u6709\u4f55\u4e0d\u540c\uff0c\u4e5f\u8c08\u5230\u4e86\u8fd9\u4e9b\u57fa\u91d1\u7684\u6f5c\u5728\u5e02\u573a\u89c4\u6a21\u3002<\/p>\n

\n\t\u6bd4\u7279\u5e01\u53c2\u8003\u6307\u6570\u2500\u2500BRRNY<\/h2>\n

\n\tBRRNY \u662f\u8d1d\u83b1\u5fb7\u6bd4\u7279\u5e01\u73b0\u8d27ETF \u7684\u8d44\u4ea7\u51c0\u503c(NAV) \u53c2\u8003\u6307\u6807\uff0c\u4e5f\u5c31\u662f\u8861\u91cfETF \u5e02\u503c\u4e0e\u8d44\u4ea7\u51c0\u503c(NAV) \u5dee\u5f02\u7684\u57fa\u7840\u3002\u7070\u5ea6GBTC \u6700\u8ba9\u4eba\u8bdf\u75c5\u7684\u5c31\u662f\u5176\u5e02\u503c\u4e0e\u8d44\u4ea7\u51c0\u503c\u5dee\u5f02\u8fc7\u5927\uff0c\u5bfc\u81f4\u6295\u8d44\u4eba\u65e0\u6cd5\u4eab\u53d7\u5230\u6bd4\u7279\u5e01\u73b0\u8d27\u771f\u6b63\u589e\u503c\u7684\u7ea2\u5229\u3002<\/p>\n

\n\tBRRNY\u662f\u6bcf\u5929\u4e00\u6b21\u7684\u6bd4\u7279\u5e01\u57fa\u51c6\u6307\u6570\u4ef7\u683c\uff0c\u6c47\u603b\u4e86\u7531\u7b26\u5408CME CF \u6210\u5206\u4ea4\u6613\u6240\u6807\u51c6\u7684\u4e3b\u8981\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240\u8425\u8fd0\u7684\u591a\u4e2a\u6bd4\u7279\u5e01\u7f8e\u5143\u5e02\u573a\u7684\u4ea4\u6613\u6570\u636e\uff0c\u4e0e\u7ebd\u7ea6\u65f6\u95f4\u4e0b\u53484 \u70b9\u7f8e\u56fd\u4f20\u7edf\u91d1\u878d\u5e02\u573a\u6536\u76d8\u4ef7\u540c\u6b65\u3002\u5e76\u53d7\u82f1\u56fdFCA \u6839\u636e\u6b27\u76dfBMR \u7684\u76d1\u7ba1\u3002<\/p>\n

\n\t\u6839\u636eSui Chung \u7684\u8bf4\u6cd5\uff0c\u5728\u5176\u8ba4\u4e3a\u66fe\u7ecf\u6709\u901a\u8fc7\u768413 \u4efdETF \u7533\u8bf7\u4e2d\uff0c\u67097 \u4efd\u4f7f\u7528\u4e86\u6b64\u57fa\u51c6\u6307\u6570\u3002\u800c\u9664\u4e86Kraken\uff0c\u6307\u6570\u7684\u63d0\u4f9b\u8005\u8fd8\u5305\u62ecBitstamp\u3001Coinbase\u3001itBit\u3001Gemini \u548cLMAX Digital\u3002<\/p>\n

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

\n\t\u76d1\u7763\u5171\u4eab\u534f\u8bae\u662f\u6b64\u6b21\u7533\u8bf7\u7684\u4eae\u70b9<\/h2>\n

\n\t\u8c08\u5230\u6b64\u6b21\u8d1d\u83b1\u5fb7\u7533\u8bf7\u6587\u4ef6\u7684\u4e0d\u540c\u4e4b\u5904\uff0c Sui Chung \u8ba4\u4e3a\u771f\u6b63\u91cd\u8981\u7684\u662f19-b4 \u6d41\u7a0b\uff0c\u8eab\u4e3a\u4ea4\u6613\u6240\u7684\u7eb3\u65af\u8fbe\u514b(NASDAQ) \u5fc5\u987b\u8bba\u8bc1\uff0c\u4e3a\u4ec0\u4e48\u8be5ETF \u7684\u4e0a\u5e02\u4e0d\u4f1a\u635f\u5bb3\u4ea4\u6613\u6240\u5bf9\u4e8e\u300a\u8bc1\u5238\u4ea4\u6613\u6cd5\u300b\u7684\u89c4\u5b9a\u3002<\/p>\n

\n\t\u800c\u7eb3\u65af\u8fbe\u514b\u5728\u5176\u7533\u8bf7\u6587\u4ef6\u4e2d\u9648\u8ff0\uff0c\u5c06\u4e0e\u73b0\u8d27\u4ea4\u6613\u5e73\u53f0\u8425\u8fd0\u5546\u7b7e\u8ba2\u6bd4\u7279\u5e01\u76d1\u7763\u5171\u4eab\u534f\u8bae(surveillance-sharing agreement)\u3002\u76d1\u63a7\u5171\u4eab\u534f\u8bae\u5141\u8bb8\u5408\u4f5c\u8005\u5171\u4eab\u6709\u5173\u5e02\u573a\u4ea4\u6613\u6d3b\u52a8\u3001\u6e05\u7b97\u6d3b\u52a8\u548c\u5ba2\u6237\u8eab\u4efd\u7684\u4fe1\u606f\uff0c\u4ece\u800c\u51cf\u4f4e\u5e02\u573a\u64cd\u7eb5\u7684\u53ef\u80fd\u6027\u3002\u8fd9\u79cd\u534f\u8bae\u53ef\u4ee5\u5e2e\u52a9\u4ea4\u6613\u6240\u53d1\u73b0\u548c\u9632\u6b62\u6f5c\u5728\u7684\u8bc8\u6b3a\u548c\u64cd\u7eb5\u884c\u4e3a\uff0c\u5e76\u63d0\u9ad8\u5e02\u573a\u7684\u900f\u660e\u5ea6\u548c\u6548\u7387\u3002<\/p>\n

\n\t\u6bd4\u7279\u5e01\u73b0\u8d27ETF \u5bf9\u5e02\u573a\u7684\u5f71\u54cd<\/h2>\n

\n\t\u5728\u88ab\u95ee\u53ca\u5982\u679c\u6bd4\u7279\u5e01\u73b0\u8d27ETF \u6279\u51c6\u5bf9\u5e02\u573a\u7684\u5f71\u54cd\uff0cSui Chung \u8ba4\u4e3a\u8fd9\u662f\u4e00\u4e2a\u6d89\u53ca\u6570\u5341\u4ebf\u7f8e\u5143\u7684\u95ee\u9898\uff0c\u5982\u679c\u5c06ETF \u89c6\u4e3a\u4e00\u7c7b\u6295\u8d44\u5de5\u5177\uff0c\u5728\u7f8e\u56fd\u5927\u7ea660% \u7684\u6295\u8d44\u6c11\u4f17\u81f3\u5c11\u6301\u6709\u4e00\u6863ETF\uff0c\u90a3\u5c31\u662f\u4e00\u4e2a\u5f88\u5927\u7684\u5e02\u573a\u3002\u800c\u5982\u679c\u90a3\u4e9b\u4e60\u60ef\u6295\u8d44ETF \u7684\u6295\u8d44\u4eba\u900f\u8fc7401(k) \u7b49\u957f\u671f\u50a8\u84c4\u8ba1\u5212\u4e70\u6bd4\u7279\u5e01ETF\uff0c\u5728401(k) \u5305\u88c5\u4e2d\uff0c\u8fd8\u4f1a\u6709\u7a0e\u6536\u7684\u4f18\u60e0\u3002<\/p>\n

\n\t\u800c\u6839\u636e\u7edf\u8ba1\uff0c20% \u7684\u7f8e\u56fd\u4eba\u5df2\u7ecf\u62e5\u6709\u52a0\u5bc6\u8d27\u5e01\u3002\u4f46\u5982\u679c\u900f\u8fc7\u4ea4\u6613\u6240\u5982Coinbase \u4e70\u5356\u6bd4\u7279\u5e01\uff0c\u5c06\u4f1a\u88ab\u8bfe\u8d44\u672c\u5229\u5f97\u7a0e\uff0c\u4f46\u82e5\u900f\u8fc7401(k) \u4e70\u5356\u6bd4\u7279\u5e01ETF\uff0c\u5c06\u4eab\u6709\u5ef6\u540e\u8bfe\u7a0e\u7684\u4f18\u60e0\uff0c\u53ef\u80fd\u4e5f\u4f1a\u5f97\u5230\u90e8\u4efd\u6301\u6709\u52a0\u5bc6\u8d27\u5e01\u4eba\u58eb\u7684\u9752\u7750\u3002<\/p>\n

\n\t\u6ce8\uff1a 401 (k) \u9000\u4f11\u798f\u5229\u8ba1\u5212\uff0c\u662f\u7f8e\u56fd\u4e8e1981 \u5e74\u521b\u7acb\u4e00\u79cd\u5ef6\u540e\u8bfe\u7a0e\u7684\u9000\u4f11\u91d1\u5e10\u6237\u8ba1\u5212\uff0c\u7f8e\u56fd\u653f\u5e9c\u5c06\u76f8\u5173\u89c4\u5b9a\u660e\u8ba2\u5728\u56fd\u7a0e\u6cd5\u7b2c401 (k) \u6761\u4e2d\uff0c\u6545\u7b80\u79f0\u4e3a401 (k) \u8ba1\u5212\u3002<\/p>\n

\n\t\u867d\u7136\u8d1d\u83b1\u5fb7\u7684\u7533\u8bf7\u6700\u5feb\u8981\u516b\u6708\u521d\u624d\u4f1a\u6709\u7ed3\u679c\uff0c\u4f46\u5728\u52a0\u62ff\u5927\u591a\u4f26\u591a\u8bc1\u5238\u4ea4\u6613\u6240\u4e0a\u5e02\u7684Purpose Bitcoin ETF\u6301\u6709\u7684\u6bd4\u7279\u5e01\u6570\u91cf\u5df2\u8fbe\u523025,418 \u679a\uff0c\u521b\u4e0b\u53bb\u5e74\u516b\u6708\u4ee5\u6765\u7684\u65b0\u9ad8\uff0c\u57fa\u91d1\u7ba1\u7406\u89c4\u6a21\u4e5f\u8fbe10.3 \u4ebf\u7f8e\u5143\u3002\u800c\u8fd1\u671f\u52a0\u5bc6\u5e02\u573a\u548c\u533a\u5757\u94fe\u6982\u5ff5\u80a1\u4e5f\u90fd\u5c55\u73b0\u4e86\u4e0d\u9519\u7684\u5e86\u795d\u884c\u60c5\uff0c\u81f3\u4e8e\u8fd9\u6ce2\u673a\u6784\u5165\u573a\u7684\u884c\u60c5\u80fd\u6301\u7eed\u591a\u4e45\uff0c\u662f\u5426\u771f\u7684\u4f1a\u8fce\u6765\u725b\u5e02\uff0c\u6295\u8d44\u8005\u8fd8\u662f\u5f97\u8c28\u614e\u505a\u597d\u98ce\u9669\u63a7\u7ba1\u5440\uff01<\/p>\n","protected":false},"excerpt":{"rendered":"

The Block\u91c7\u8bbf\u4e86Kraken \u5b50\u516c\u53f8CF Benchmarks \u7684\u6267\u884c\u957fSui Chung\uff0c\u8be5\u516c\u53f8\u63d0\u4f9b…<\/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-4864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/posts\/4864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4864"}],"version-history":[{"count":1,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/posts\/4864\/revisions"}],"predecessor-version":[{"id":8468,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/posts\/4864\/revisions\/8468"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/media\/5985"}],"wp:attachment":[{"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}