{"id":4958,"date":"2025-11-25T06:55:16","date_gmt":"2025-11-24T22:55:16","guid":{"rendered":"https:\/\/www.dm-yq.com\/?p=4958"},"modified":"2025-11-25T06:55:16","modified_gmt":"2025-11-24T22:55:16","slug":"sec%e5%bb%b6%e5%90%8e%e4%b8%83%e4%b8%aa%e6%af%94%e7%89%b9%e5%b8%81%e7%8e%b0%e8%b4%a7etf%e7%94%b3%e8%af%b7%ef%bc%81%e5%8e%9f%e5%9b%a0%e6%9c%89%e5%93%aa%e4%ba%9b%ef%bc%9f%e4%b8%8b%e6%ac%a1%e5%86%b3","status":"publish","type":"post","link":"https:\/\/www.dm-yq.com\/?p=4958","title":{"rendered":"SEC\u5ef6\u540e\u4e03\u4e2a\u6bd4\u7279\u5e01\u73b0\u8d27ETF\u7533\u8bf7\uff01\u539f\u56e0\u6709\u54ea\u4e9b\uff1f\u4e0b\u6b21\u51b3\u8bae\u662f\u4f55\u65f6\uff1f"},"content":{"rendered":"

\n\t\"\"
\n\t\u7f8e\u56fd\u6cd5\u9662\u5728\u5468\u4e8c\u5ba3\u5e03SEC\u8d25\u8bc9\u540e\uff0c\u5e01\u4ef7\u5927\u6da86%\uff1bSEC \u5728\u4eca\u65e5\u4f5c\u51fa\u63a8\u8fdf\u4e00\u7968\u6bd4\u7279\u5e01\u73b0\u8d27ETF\u7684\u51b3\u5b9a\uff0c\u5c06\u5468\u4e8c\u6bd4\u7279\u5e01\u7684\u6da8\u5e45\u56de\u5410\u81f3\u539f\u672c\u6c34\u5e73\u3002<\/p>\n

\n\tSEC\u51b3\u8bae\u63a8\u8fdf\u6bd4\u7279\u5e01\u73b0\u8d27ETF\uff01<\/h2>\n

\n\t\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u5728\u6628\u65e5\uff088\/31\uff09\uff0c\u9646\u7eed\u5bf9\u4eca\u5e74\u516d\u6708\u5404\u5927\u534e\u5c14\u8857\u91d1\u878d\u673a\u6784\u63d0\u4ea4\u7684\u6bd4\u7279\u5e01\u73b0\u8d27ETF\u7533\u8bf7\u4f5c\u51fa\u63a8\u8fdf\u51b3\u5b9a\uff0c\u88ab\u63a8\u8fdf\u7684\u7533\u8bf7\u4eba\u5305\u542b\u8d1d\u83b1\u5fb7\uff08BlackRock\uff09\u3001\u5bcc\u8fbe\uff08Fidelity\uff09\u3001Bitwise\u3001Invesco\u3001Wisdom Tree\u3001VanEck\u53caValkyrie\u7b49\u673a\u6784\u3002<\/p>\n

\n\t\u5e02\u573a\u9a6c\u4e0a\u5bf9\u8be5\u6d88\u606f\u6709\u4e86\u53cd\u5e94\uff0c\u6bd4\u7279\u5e01\uff08BTC\uff09\u5e01\u4ef7\u5728\u8fc7\u53bb24\u5c0f\u65f6\u4e0b\u8dcc4.5%\uff0c\u751a\u81f3\u4e00\u5ea6\u8dcc\u783426,000\u7f8e\u5143\u3002<\/p>\n

\n\t\u4e0a\u4e2a\u6708\u5f00\u59cb\uff0c\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u5f00\u59cb\u5ba1\u67e5\u5404\u5bb6\u91d1\u878d\u673a\u6784\u7684\u6bd4\u7279\u5e01\u73b0\u8d27ETF\u7533\u8bf7\uff0c\u6309\u7167\u60ef\u4f8b\uff0c\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u63a5\u53d7\u7533\u8bf7\u5e76\u516c\u5e03\u5728\u300a\u8054\u90a6\u516c\u62a5\u300b\u4e0a\u540e\uff0c\u4f1a\u8fdb\u5165\u516c\u5f00\u8bc4\u8bba\u671f\uff0c\u5e76\u9700\u8981\u572845\u5929\u5185\u505a\u51fa\u521d\u6b65\u51b3\u5b9a\uff0c\u6279\u51c6\u6216\u62d2\u7edd\u7533\u8bf7\uff1b\u82e5\u5c4a\u65f6\u672a\u4f5c\u51fa\u88c1\u51b3\u5219\u518d\u5ef6\u671f45\u5929\uff0c\u7b2c\u4e8c\u6b21\u4ecd\u672a\u4f5c\u51fa\u88c1\u51b3\u518d\u5ef690\u5929\uff0c\u4f46\u6700\u4e45\u5fc5\u987b\u5728240\u5929\u5019\uff0c\u505a\u51fa\u6700\u7ec8\u88c1\u51b3\u3002<\/p>\n

\n\t\u6839\u636e\u8fc7\u5f80\u7ecf\u9a8c\uff0c\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u901a\u5e38\u4f1a\u5728\u6bcf\u4e00\u4e2a\u5173\u952e\u65f6\u95f4\u70b9\uff0c\u5c3d\u53ef\u80fd\u62d6\u5ef6\u6700\u7ec8\u51b3\u7b56\uff0c\u76f4\u5230240\u5929\u8fc7\u53bb\uff0c\u56e0\u6b64\u6628\u65e5\u7684\u63a8\u8fdf\u51b3\u5b9a\uff0c\u5bf9\u591a\u6570\u673a\u6784\u800c\u8a00\u65e9\u5728\u9884\u671f\u4e4b\u5185\u3002<\/p>\n

\n\t\u4e0b\u4e00\u4e2a\u5173\u952e\u7684\u65f6\u95f4\u70b9\u4f1a\u662f\u5728\u4eca\u5e7410\u6708\u4e2d\uff0c\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u4f1a\u572810\u670816\u65e5\u81f319\u65e5\u95f4\uff0c\u505a\u51fa\u7b2c\u4e8c\u6b21\u88c1\u51b3\uff0c\u800c\u6700\u8fdf\u5fc5\u987b\u5728\u660e\uff082024\uff09\u5e743\u6708\u4e2d\u4f5c\u51fa\u6700\u7ec8\u88c1\u51b3\u3002<\/p>\n

\n\t\u6bd4\u7279\u5e01\u5e01\u4ef7\u5728\u4e09\u5929\u5185\u5386\u7ecf\u5927\u6da86%\u3001\u53c8\u5927\u8dcc\u56de\u539f\u672c\u5e01\u4ef7\u6c34\u5e73<\/h2>\n

\n\t\u516d\u6708\u4e2d\u65f6\uff0c\u5305\u542b\u8d1d\u83b1\u5fb7\uff08BlackRock\uff09\u3001\u5bcc\u8fbe\uff08Fidelity\uff09\u5728\u5185\u7684\u5927\u578b\u91d1\u878d\u673a\u6784\uff0c\u5411\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u63d0\u51fa\u63a8\u51fa\u6bd4\u7279\u5e01\u73b0\u8d27ETF\u7684\u7533\u8bf7\uff0c\u652f\u6301\u8005\u8ba4\u4e3a\u8fd9\u5c06\u5141\u8bb8\u66f4\u591a\u7684\u6563\u6237\u6295\u8d44\u4eba\u53ca\u673a\u6784\u6295\u8d44\u4eba\u53c2\u4e0e\u6bd4\u7279\u5e01\u6295\u8d44\uff0c\u514d\u53bb\u6295\u8d44\u4eba\u9700\u8981\u8bbe\u7acb\u94b1\u5305\u3001\u6216\u5728\u76d1\u7ba1\u73af\u5883\u4e0d\u7a33\u5b9a\u7684\u60c5\u51b5\u4e0b\u8d2d\u4e70\u6bd4\u7279\u5e01\u800c\u9020\u6210\u4e89\u8bae\u3002<\/p>\n

\n\t\u52a0\u4e0a\u672c\u5468\u4e8c\uff088\/29\uff09\uff0c\u52a0\u5bc6\u8d27\u5e01\u4fe1\u6258\u57fa\u91d1\u516c\u53f8\u7070\u5ea6\uff08GrayScale\uff09\u8d62\u5f97\u5bf9\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u7684\u8bc9\u8bbc\u3002\u8be5\u4e89\u8bae\u8d77\u6e902021\u5e74\uff0c\u5f53\u65f6\u7070\u5ea6\u6b32\u7533\u8bf7\u5c06\u300c\u6bd4\u7279\u5e01\u4fe1\u6258\u57fa\u91d1GBTC\uff08Grayscale Bitcoin Trust\uff09\u300d\u8f6c\u6362\u4e3a\u300c\u6bd4\u7279\u5e01\u73b0\u8d27ETF\u300d\uff0c\u4f46\u5374\u906d\u5230\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u62d2\u7edd\uff0c\u56e0\u6b64\u7070\u5ea6\u51b3\u5b9a\u63d0\u544a\u3002<\/p>\n

\n\t\u5f53\u65f6\u6cd5\u9662\u7528\u300c\u4e13\u65ad\u4e14\u53cd\u8986\u65e0\u5e38\u300d\uff08arbitrary and capricious\uff09\u6765\u5f62\u5bb9\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u7684\u5ba1\u67e5\u6807\u51c6\uff0c\u8ba4\u4e3a\u300c\u6bd4\u7279\u5e01\u73b0\u8d27ETF\u300d\u4e0e\u5df2\u6279\u51c6\u4ea4\u6613\u7684\u300c\u6bd4\u7279\u5e01\u4fe1\u6258\u57fa\u91d1GBTC\u300d\u6240\u4ea4\u6613\u4ea7\u54c1\u5b9e\u8d28\u4e0a\u662f\u76f8\u4f3c\u7684\uff0c\u56e0\u6b64\u6cd5\u9662\u88c1\u5b9a\uff0cSEC\u4ee5\u300c\u9632\u6b62\u8bc8\u6b3a\u548c\u64cd\u7eb5\u884c\u4e3a\u300d\u4e3a\u7531\u62d2\u7edd\u7070\u5ea6\u7684\u6bd4\u7279\u5e01ETF\u7406\u7531\u4e0d\u8db3\uff0c\u5c06\u9001\u56de\u59d4\u5458\u4f1a\u518d\u6b21\u8fdb\u884c\u5ba1\u67e5\u3002<\/p>\n

\n\t\u6bd4\u7279\u5e01\u4ef7\u683c\u5728\u672c\u5468\u4e8c\u7070\u5ea6\u80dc\u8bc9\u65f6\u5927\u6da86.11%\uff0c\u6700\u9ad8\u751a\u81f3\u523028,000\u7f8e\u5143\uff1b\u5468\u56db\u7684\u63a8\u8fdf\u88c1\u51b3\uff0c\u76f4\u63a5\u5c06\u5e02\u573a\u63a8\u56de\u539f\u672c\u7684\u4ef7\u683c\uff0c\u81f3\u622a\u7a3f\u524d\u5e01\u4ef7\u572826,000\u7f8e\u5143\u5de6\u53f3\u5f98\u5f8a\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u7f8e\u56fd\u6cd5\u9662\u5728\u5468\u4e8c\u5ba3\u5e03SEC\u8d25\u8bc9\u540e\uff0c\u5e01\u4ef7\u5927\u6da86%\uff1bSEC \u5728\u4eca\u65e5\u4f5c\u51fa\u63a8\u8fdf\u4e00\u7968\u6bd4\u7279\u5e01\u73b0\u8d27ETF\u7684\u51b3\u5b9a\uff0c\u5c06\u5468\u4e8c\u6bd4\u7279\u5e01\u7684…<\/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-4958","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\/4958","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=4958"}],"version-history":[{"count":1,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/posts\/4958\/revisions"}],"predecessor-version":[{"id":8562,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/posts\/4958\/revisions\/8562"}],"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=4958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}