{"id":4878,"date":"2025-11-05T06:55:16","date_gmt":"2025-11-04T22:55:16","guid":{"rendered":"https:\/\/www.dm-yq.com\/?p=4878"},"modified":"2025-11-05T06:55:16","modified_gmt":"2025-11-04T22:55:16","slug":"sec%e4%bc%9a%e5%9c%a82023%e5%b9%b4%e6%89%b9%e5%87%86%e6%af%94%e7%89%b9%e5%b8%81%e7%8e%b0%e8%b4%a7etf%e5%90%97%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/www.dm-yq.com\/?p=4878","title":{"rendered":"SEC\u4f1a\u57282023\u5e74\u6279\u51c6\u6bd4\u7279\u5e01\u73b0\u8d27ETF\u5417\uff1f"},"content":{"rendered":"

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

\n\t\u7070\u5ea6\u4e0eSEC \u5173\u4e8e\u6bd4\u7279\u5e01ETF \u7684\u6069\u6028<\/h2>\n

\n\tSEC \u901a\u8fc7\u6bd4\u7279\u5e01\u73b0\u8d27ETF \u6709\u4e24\u79cd\u4e3b\u8981\u9014\u5f84\uff0c\u5176\u4e2d\u4e00\u4e2a\u63d0\u9ad8\u6279\u51c6\u673a\u7387\u7684\u6700\u5927\u53ef\u80fd\u53d6\u51b3\u4e8eGrayscale \u8d77\u8bc9SEC \u6848\u4ef6\u7684\u6709\u5229\u7ed3\u679c\u3002<\/p>\n

\n\t\u4f5c\u4e3a\u5168\u7403\u6700\u5927\u7684\u6bd4\u7279\u5e01\u57fa\u91d1\u7684\u6240\u6709\u8005\uff0c\u7070\u5ea6\u53bb\u5e74\u8d77\u8bc9\u76d1\u7ba1\u673a\u6784\uff0c\u79f0\u5176\u4ee5\u300c\u4efb\u610f\u3001\u53cd\u590d\u65e0\u5e38\u300d\u7684\u65b9\u5f0f\u62d2\u7edd\u5176ETF \u7533\u8bf7\uff0c\u4f46\u5374\u6279\u51c6\u4e86\u591a\u4e2a\u6bd4\u7279\u5e01\u671f\u8d27ETF \u5f62\u5f0f\u7684\u7c7b\u4f3c\u4ea7\u54c1\u3002<\/p>\n

\n\t\u8be5\u6848\u4e8e\u4e09\u6708\u4efd\u8fdb\u884c\u4e86\u7b2c\u4e00\u6b21\u53e3\u5934\u542c\u8bc1\u4f1a\uff0c\u5728\u6b64\u671f\u95f4\uff0c\u6cd5\u5b98\u4f3c\u4e4e\u6bd4SEC \u66f4\u652f\u6301Grayscale \u7684\u8bba\u70b9\u3002\u8fd9\u4fc3\u4f7f\u5305\u62ec\u5f6d\u535a\u793e\u7684Elliot Z. Stein \u5728\u5185\u7684\u67d0\u4e9b\u5206\u6790\u5e08\u8ba4\u4e3aGrayscale\u83b7\u80dc\u7684\u53ef\u80fd\u6027\u4e3a70%\uff0c\u4ece\u800c\u63d0\u9ad8\u4e86\u73b0\u8d27ETF \u5728\u5e74\u5e95\u83b7\u5f97\u6279\u51c6\u7684\u53ef\u80fd\u6027\u3002<\/p>\n

\n\t\u7136\u800c\uff0cCarlasare \u62d2\u7edd\u5982\u6b64\u4e50\u89c2——\u5c24\u5176\u662f\u7070\u5ea6\u7684\u80dc\u5229\u5e76\u4e0d\u4e00\u5b9a\u4f1a\u5e26\u6765\u73b0\u8d27ETF\u3002<\/p>\n

\n\tCarlasare \u901a\u8fc7DM \u5411CryptoPotato \u89e3\u91ca\uff0c\u963b\u788dGrayscale \u4e0e SEC \u8bc9\u8bbc\u7684\u56f0\u96be\u5728\u4e8e\uff0c\u300c\u80dc\u8bc9\u300d\u53ef\u80fd\u53ea\u662f\u610f\u5473\u7740\u4e0a\u8bc9\u6cd5\u9662\u6307\u793aSEC \u91cd\u65b0\u5ba1\u89c6\u4ed6\u4eec\u7684\u51b3\u5b9a\u3002\u6362\u53e5\u8bdd\u6765\u8bf4\uff0c\u6cd5\u9662\u53ef\u4ee5\u5c06\u6848\u4ef6\u53d1\u56de\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\u8fdb\u884c\u8fdb\u4e00\u6b65\u7684\u5ba1\u7406\u548c\u8bc4\u4f30\u3002<\/p>\n

\n\t\u8d1d\u83b1\u5fb7(BlackRock) \u4e0eCoinbase \u7684SSA<\/h2>\n

\n\t\u8fc4\u4eca\u4e3a\u6b62\uff0c\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\u7684\u5ba1\u67e5\u4e0d\u53ef\u907f\u514d\u5730\u610f\u5473\u7740\u6bcf\u4e00\u4e2a\u62e5\u6709\u7c7b\u4f3c\u4ea7\u54c1\u7684\u7533\u8bf7\u4eba\u90fd\u4f1a\u906d\u5230\u62d2\u7edd\u3002<\/p>\n

\n\t\u5c3d\u7ba1\u5982\u6b64\uff0c\u9274\u4e8e\u8d1d\u83b1\u5fb7\uff08\u5168\u7403\u6700\u5927\u7684\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\uff09\u5728\u8fc7\u53bb\u7684\u7533\u8bf7\u4e2d\u9488\u5bf9\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\u7684\u60ca\u4eba\u6210\u529f\u7387\uff0c\u5e02\u573a\u5bf9\u4e0a\u4e2a\u6708\u63d0\u4ea4\u7684\u8d1d\u83b1\u5fb7\u6bd4\u7279\u5e01\u73b0\u8d27ETF \u7684\u7533\u8bf7\u80fd\u591f\u83b7\u5f97\u901a\u8fc7\u6301\u4e50\u89c2\u6001\u5ea6\u3002<\/p>\n

\n\t\u636e\u534e\u5c14\u8857\u65e5\u62a56 \u670830 \u65e5\u62a5\u5bfc\uff0c\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\u5df2\u5411\u7eb3\u65af\u8fbe\u514b\uff08NASDAQ\uff09\u3001\u829d\u52a0\u54e5\u9009\u62e9\u6743\u4ea4\u6613\u6240\uff08CBOE\uff09\u8868\u793a\uff0c\u8fd1\u671f\u8d1d\u83b1\u5fb7\u3001\u5bcc\u8fbe\u548c\u5176\u4ed6\u5927\u578b\u91d1\u878d\u673a\u6784\u63d0\u4ea4\u7684\u7533\u8bf7\uff0c\u5176\u6587\u4ef6\u90fd\u4e0d\u591f\u6e05\u6670\u548c\u5168\u9762\u3002SEC \u8ba4\u4e3a\u8fd9\u4e9b\u7533\u8bf7\u6587\u4ef6\u65e2\u6ca1\u6709\u63d0\u5230\u76d1\u7763\u5171\u4eab\u534f\u8bae\uff08Surveillance-Sharing Agreement\uff1bSSA\uff09\uff0c\u4e5f\u6ca1\u63d0\u5230\u5c06\u4f1a\u4f7f\u7528\u54ea\u5bb6\u4ea4\u6613\u6240\u3002<\/p>\n\n\n\n
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\n\t\u76ee\u524d\u4e24\u5bb6\u516c\u53f8\u5747\u5df2\u91cd\u65b0\u63d0\u4ea4\u7533\u8bf7\uff0c\u5e76\u6f84\u6e05\u5176\u8ba1\u5212\u7684SSA \u5c06\u4e0eCoinbase\u5408\u4f5c\u3002<\/p>\n

\n\t\u867d\u7136Coinbase \u662f\u7f8e\u56fd\u6700\u5927\u7684\u6bd4\u7279\u5e01\u4ea4\u6613\u6240\uff0c\u4f46Carlasare \u62c5\u5fc3\u8be5\u5e73\u53f0\u5e76\u4e0d\u80fd\u591f\u4ee3\u8868SEC \u8981\u6c42\u7684\u300c\u8db3\u591f\u89c4\u6a21\u300d\u7684\u5e02\u573a\u3002<\/p>\n

\n\tCarlasare \u6307\u51fa\uff0c\u300c\u8db3\u591f\u7684\u89c4\u6a21\u6709\u70b9\u542b\u7cca\uff0c\u4f46\u4ed6\u4eec\u8868\u793a\uff0c\u5e02\u573a\u5fc5\u987b\u8db3\u591f\u5927\uff0c\u4ee5\u4fbf\u8bd5\u56fe\u64cd\u7eb5\u6bd4\u7279\u5e01\u73b0\u8d27\u5e02\u573a\u7684\u4e2a\u4eba\u6216\u516c\u53f8\u5fc5\u987b\u5728\u8be5\u5e73\u53f0\u4e0a\u8fdb\u884c\u4ea4\u6613\u300d\uff0c\u800c\u5982\u679c\u5c06\u8fd9\u4e00\u70b9\u5e94\u7528\u4e8eCoinbase \u7684SSA\uff0c\u4eba\u4eec\u53ef\u4ee5\u5f97\u51fa\u7ed3\u8bba\uff0c\u8fd9\u4e0d\u4f1a\u8ba9SEC \u6ee1\u610f\uff0c\u5c24\u5176\u662f\u5728\u5927\u90e8\u5206\u73b0\u8d27\u4ea4\u6613\u91cf\u90fd\u5728\u7f8e\u56fd\u5883\u5916\u7684\u60c5\u51b5\u4e0b\u3002<\/p>\n

\n\t\u603b\u4f53\u800c\u8a00\uff0cCarlasare \u8ba4\u4e3aGrayscale \u5728\u9488\u5bf9SEC \u7684\u8bc9\u8bbc\u4e2d\u83b7\u80dc\u7684\u673a\u7387\u4e3a50%\uff0c\u800cCoinbase \u5219\u670940% \u7684\u673a\u7387\u6210\u4e3a\u8d1d\u83b1\u5fb7ETF \u83b7\u5f97\u6279\u51c6\u6240\u9700\u7684\u300c\u79d8\u5bc6\u6b66\u5668\u300d\u3002\u4ed6\u8ba4\u4e3a\u8fd9\u4e24\u79cd\u53ef\u80fd\u6027\u90fd\u662f\u4e50\u89c2\u7684\u3002<\/p>\n

\n\t\u6bd4\u7279\u5e01\u73b0\u8d27ETF \u7533\u62a5\u8005\u5c06\u4e0eSEC \u4e3e\u884c\u4f1a\u8bae<\/h2>\n

\n\t\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0cSEC \u5bf9\u4e8e\u6bd4\u7279\u5e01\u73b0\u8d27ETF \u7684\u7533\u8bf7\u6216\u5728\u4e0b\u5468\u8fce\u6765\u65b0\u7684\u8fdb\u5c55\u3002<\/p>\n

\n\t\u5f6d\u535a\u793e\u9ad8\u7ea7ETF \u5206\u6790\u5e08Eric Balchunas \u4e8e7 \u67085 \u65e5\u8f6c\u53d1\u4e00\u5219@BiasKnox \u7684\u63a8\u6587\u8868\u793a\uff0c\u6bd4\u7279\u5e01\u73b0\u8d27ETF \u7533\u62a5\u8005\u548cSEC \u5f88\u53ef\u80fd\u5c06\u4e8e\u4e0b\u5468\u4e3e\u884c\u4f1a\u8bae\u3002<\/p>\n

\n\tBalchunas \u8fdb\u4e00\u6b65\u89e3\u91ca\uff1a\u300c\u5728\u6211\u770b\u6765\uff0c\u4ed6\u4eec\u5e94\u8be5\u4f1a\u9762\uff0c\u4ed6\u4eec\u80af\u5b9a\u9700\u8981\u8c08\u8c08\u3002\u4f46\u9700\u8981\u63d0\u9192\u7684\u662f\uff0c\u6211\u4eec\u4e0d\u80fd100% \u786e\u8ba4\u8fd9\u662f\u771f\u7684\uff01\u53ea\u662f\u8bd5\u56fe\u4ece\u5408\u6cd5\u6765\u6e90\u5206\u4eab\u6211\u4eec\u5728\u8fd9\u4e00\u5207\u4e2d\u53d1\u73b0\u6709\u8da3\u6216\u6709\u7528\u7684\u4e1c\u897f\u3002\u300d<\/p>\n

\n\t\u603b\u7ed3<\/h2>\n

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