{"id":1515,"date":"2026-04-06T03:23:41","date_gmt":"2026-04-05T19:23:41","guid":{"rendered":"https:\/\/www.yqcsfz.com\/?p=1515"},"modified":"2026-04-06T03:23:41","modified_gmt":"2026-04-05T19:23:41","slug":"%e5%b7%a8%e9%b2%b8%e6%8a%bc%e6%b3%a8-12-%e6%9c%88%e5%b7%a8%e9%9c%87%ef%bc%9f%e6%af%94%e7%89%b9%e5%b8%81%e3%80%8c20-%e4%b8%87%e7%be%8e%e5%85%83%e4%b9%b0%e6%9d%83%e3%80%8d%e6%8f%ad%e9%9c%b2%e5%b8%82","status":"publish","type":"post","link":"https:\/\/www.manwah.net\/?p=1515","title":{"rendered":"\u5de8\u9cb8\u62bc\u6ce8 12 \u6708\u5de8\u9707\uff1f\u6bd4\u7279\u5e01\u300c20 \u4e07\u7f8e\u5143\u4e70\u6743\u300d\u63ed\u9732\u5e02\u573a\u6697\u6d41"},"content":{"rendered":"<div class=\"thumbnail-container animate-lazy\"><img decoding=\"async\" loading=\"lazy\" width=\"750\" height=\"375\" class=\"attachment-jnews-750x375 size-jnews-750x375 lazyload wp-post-image\" alt=\"MICA Daily\uff5c\u4f0a\u6717\u653b\u51fb\u7f8e\u519b\u57fa\u5730\uff0c\u7f8e\u80a1\u3001\u6bd4\u7279\u5e01\u5374\u56de\u5347\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/06\/1_c3Bh_nYBfX2NSDIICbN6ew-750x375.jpg\" data-srcset=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/06\/1_c3Bh_nYBfX2NSDIICbN6ew-750x375.jpg 750w, https:\/\/blockcast.it\/wp-content\/uploads\/2025\/06\/1_c3Bh_nYBfX2NSDIICbN6ew-360x180.jpg 360w\" data-sizes=\"auto\" data-expand=\"700\" title=\"\u5de8\u9cb8\u62bc\u6ce8 12 \u6708\u5de8\u9707\uff1f\u6bd4\u7279\u5e01\u300c20 \u4e07\u7f8e\u5143\u4e70\u6743\u300d\u63ed\u9732\u5e02\u573a\u6697\u6d41\u63d2\u56fe\" \/><\/div>\n<\/div>\n<div class=\"entry-content no-share\">\n<div class=\"jeg_share_button share-float jeg_sticky_share clearfix share-monocrhome\">\n<div class=\"jeg_share_float_container\"><\/div>\n<\/p><\/div>\n<div class=\"content-inner \">\n<p><strong>\u672c\u6587\u6765\u81ea\uff1aJeff Park\uff0cBitwise \u987e\u95ee<\/strong><\/p>\n<p><strong>\u7f16\u8bd1\uff1aMoni\uff0cOdaily \u661f\u7403\u65e5\u62a5<\/strong><\/p>\n<hr \/>\n<p>\u77ed\u77ed\u516d\u5468\uff0c\u6bd4\u7279\u5e01\u5e02\u503c\u5c31\u84b8\u53d1\u4e86 5000 \u4ebf\u7f8e\u5143\uff0cETF \u8d44\u91d1\u6d41\u51fa\u3001 Coinbase \u6298\u4ef7\u3001\u7ed3\u6784\u6027\u629b\u552e\u3001\u4ed3\u4f4d\u4e0d\u4f73\u7684\u591a\u5934\u5934\u5bf8\u88ab\u6e05\u7b97\uff0c\u540c\u65f6\u4e5f\u6ca1\u6709\u660e\u663e\u50ac\u5316\u5242\u523a\u6fc0\u5e02\u573a\u53cd\u5f39\u3002\u4e0d\u4ec5\u5982\u6b64\uff0c\u5de8\u9cb8\u629b\u552e\u3001\u4e8f\u635f\u4e25\u91cd\u7684\u505a\u5e02\u5546\u3001\u7f3a\u4e4f\u9632\u5fa1\u6027\u6d41\u52a8\u6027\u4f9b\u5e94\u3001\u91cf\u5b50\u5371\u673a\u5e26\u6765\u7684\u751f\u5b58\u5a01\u80c1\uff0c\u8fd9\u4e9b\u6301\u7eed\u5b58\u5728\u7684\u62c5\u5fe7\u4ecd\u7136\u662f\u6bd4\u7279\u5e01\u53ef\u80fd\u8fc5\u901f\u590d\u82cf\u7684\u963b\u788d\u3002\u7136\u800c\u5728\u8fd9\u6b21\u4e0b\u8dcc\u8fc7\u7a0b\u4e2d\uff0c\u6709\u4e00\u4e2a\u95ee\u9898\u59cb\u7ec8\u56f0\u6270\u8457\u793e\u7fa4\uff1a\u6bd4\u7279\u5e01\u6ce2\u52a8\u6027\u7a76\u7adf\u53d1\u751f\u4e86\u4ec0\u4e48\uff1f<\/p>\n<p><strong>\u4e8b\u5b9e\u4e0a\uff0c\u6bd4\u7279\u5e01\u7684\u6ce2\u52a8\u673a\u5236\u5df2\u6084\u6084\u53d1\u751f\u4e86\u8f6c\u53d8\u3002<\/strong><\/p>\n<p>\u8fc7\u53bb\u4e24\u5e74\uff0c\u4eba\u4eec\u666e\u904d\u8ba4\u4e3a\uff1aETF \u5df2\u7ecf\u300c\u9a6f\u670d\u300d\u6bd4\u7279\u5e01\uff0c\u6291\u5236\u4e86\u6ce2\u52a8\uff0c\u5e76\u5c06\u8fd9\u79cd\u66fe\u7ecf\u5bf9\u5b8f\u89c2\u7ecf\u6d4e\u9ad8\u5ea6\u654f\u611f\u7684\u8d44\u4ea7\uff0c\u8f6c\u53d8\u4e3a\u4e00\u79cd\u53d7\u5230\u673a\u6784\u76d1\u7ba1\u3001\u6ce2\u52a8\u6291\u5236\u673a\u5236\u7ea6\u675f\u7684\u4ea4\u6613\u5de5\u5177\uff0c\u4f46\u5982\u679c\u5c06\u76ee\u5149\u805a\u7126\u4e8e\u8fc7\u53bb 60 \u5929\uff0c\u4f60\u4f1a\u53d1\u73b0\u60c5\u51b5\u5e76\u975e\u5982\u6b64\uff0c\u5e02\u573a\u4f3c\u4e4e\u53c8\u91cd\u65b0\u56de\u5230\u8fc7\u53bb\u7684\u6ce2\u52a8\u72b6\u6001\u3002<\/p>\n<p>\u56de\u987e\u6700\u8fd1\u4e94\u5e74\u6bd4\u7279\u5e01\u7684\u9690\u542b\u6ce2\u52a8\u7387\uff0c\u53ef\u4ee5\u53d1\u73b0\u8fd9\u4e2a\u6307\u6807\u9ad8\u5cf0\u6709\u8ff9\u53ef\u5faa\uff1a<\/p>\n<ul>\n<li>\u7b2c\u4e00\u4e2a\u9ad8\u5cf0\uff08\u4e5f\u662f\u6700\u9ad8\u9ad8\u5cf0\uff09\u51fa\u73b0\u5728 2021 \u5e74 5 \u6708\uff0c\u5f53\u65f6\u7531\u4e8e\u6bd4\u7279\u5e01\u6316\u77ff\u906d\u9047\u6253\u51fb\uff0c\u5bfc\u81f4\u9690\u542b\u6ce2\u52a8\u7387\u98d9\u5347\u81f3 156%\uff1b<\/li>\n<li>\u7b2c\u4e8c\u4e2a\u5cf0\u503c\u51fa\u73b0\u5728 2022 \u5e74 5 \u6708\uff0c\u7531 Luna\/UST \u5d29\u76d8\u5f15\u53d1\uff0c\u5cf0\u503c\u8fbe 114%\uff1b<\/li>\n<li>\u7b2c\u4e09\u4e2a\u9ad8\u5cf0\u51fa\u73b0\u5728 2022 \u5e74 6 \u6708\u81f3 7 \u6708\uff0c \u4e09\u7bad\u8d44\u672c\u906d\u6e05\u7b97\uff1b<\/li>\n<li>\u7b2c\u56db\u4e2a\u5cf0\u503c\u51fa\u73b0\u5728 2022 \u5e74 11 \u6708\uff0cFTX \u5d29\u76d8\u3002<\/li>\n<\/ul>\n<p>\u81ea\u90a3\u4ee5\u540e\uff0c\u6bd4\u7279\u5e01\u6ce2\u52a8\u7387\u4ece\u672a\u8d85\u8fc7 80% \u3002\u6700\u63a5\u8fd1 80% \u7684\u4e00\u6b21\u662f\u5728 2024 \u5e74 3 \u6708\uff0c\u5f53\u65f6\u73b0\u8d27\u6bd4\u7279\u5e01 ETF \u7ecf\u5386\u4e86\u4e09\u4e2a\u6708\u7684\u6301\u7eed\u8d44\u91d1\u6d41\u5165\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-132372\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/b58d88a1edaa7bd1ac46f762dd180040.webp\"  width=\"700\" height=\"387\" title=\"\u5de8\u9cb8\u62bc\u6ce8 12 \u6708\u5de8\u9707\uff1f\u6bd4\u7279\u5e01\u300c20 \u4e07\u7f8e\u5143\u4e70\u6743\u300d\u63ed\u9732\u5e02\u573a\u6697\u6d41\u63d2\u56fe1\" alt=\"\u5de8\u9cb8\u62bc\u6ce8 12 \u6708\u5de8\u9707\uff1f\u6bd4\u7279\u5e01\u300c20 \u4e07\u7f8e\u5143\u4e70\u6743\u300d\u63ed\u9732\u5e02\u573a\u6697\u6d41\u63d2\u56fe1\" \/><\/p>\n<p>\u5982\u679c\u89c2\u5bdf\u6bd4\u7279\u5e01\u6ce2\u52a8\u7387\u6307\u6570\uff08vol-of-vol index\uff09\u65f6\u4f1a\u53d1\u73b0\u66f4\u6e05\u6670\u7684\u6a21\u5f0f\uff08\u8be5\u6307\u6570\u672c\u8d28\u4e0a\u662f\u6ce2\u52a8\u7387\u7684\u4e8c\u9636\u5bfc\u6570\uff0c\u6216\u8005\u8bf4\u662f\u6ce2\u52a8\u7387\u672c\u8eab\u53d8\u5316\u901f\u5ea6\u7684\u4f53\u73b0\uff09\uff0c\u5386\u53f2\u6570\u636e\u663e\u793a\uff0c\u6bd4\u7279\u5e01\u6ce2\u52a8\u7387\u6307\u6570\u7684\u6700\u9ad8\u503c\u51fa\u73b0\u5728 FTX \u5d29\u76d8\u671f\u95f4\uff0c\u5f53\u65f6\u8be5\u6307\u6570\u98d9\u5347\u81f3\u7ea6 230 \u3002\u7136\u800c\u81ea 2024 \u5e74\u521d ETF \u83b7\u5f97\u76d1\u7ba1\u673a\u6784\u6279\u51c6\u4e0a\u5e02\u4ee5\u6765\uff0c\u6bd4\u7279\u5e01\u6ce2\u52a8\u7387\u6307\u6570\u4ece\u672a\u7a81\u7834 100\uff0c\u9690\u542b\u6ce2\u52a8\u7387\u4e5f\u6301\u7eed\u8d70\u4f4e\uff0c\u4e0e\u73b0\u8d27\u4ef7\u683c\u8d70\u52bf\u65e0\u5173\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u6bd4\u7279\u5e01\u4eff\u4f5b\u4e0d\u518d\u51fa\u73b0 ETF \u63a8\u51fa\u524d\u5e02\u573a\u7ed3\u6784\u4e2d\u6807\u5fd7\u6027\u7684\u9ad8\u6ce2\u52a8\u884c\u4e3a\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-132371\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/b7f6382ed69f7ad21fce4bf1e822edda.webp\"  width=\"700\" height=\"381\" title=\"\u5de8\u9cb8\u62bc\u6ce8 12 \u6708\u5de8\u9707\uff1f\u6bd4\u7279\u5e01\u300c20 \u4e07\u7f8e\u5143\u4e70\u6743\u300d\u63ed\u9732\u5e02\u573a\u6697\u6d41\u63d2\u56fe2\" alt=\"\u5de8\u9cb8\u62bc\u6ce8 12 \u6708\u5de8\u9707\uff1f\u6bd4\u7279\u5e01\u300c20 \u4e07\u7f8e\u5143\u4e70\u6743\u300d\u63ed\u9732\u5e02\u573a\u6697\u6d41\u63d2\u56fe2\" \/><\/p>\n<p><strong>\u4f46\u662f\uff0c\u8fc7\u53bb 60 \u5929\u60c5\u51b5\u53d1\u751f\u53d8\u5316\uff0c\u6bd4\u7279\u5e01\u6ce2\u52a8\u7387\u51fa\u73b0 2025 \u5e74\u4ee5\u6765\u7684\u9996\u6b21\u4e0a\u5347\u3002<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-132370\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/3ac729a7259e53e158afebb8bd5574fe.webp\"  width=\"700\" height=\"387\" title=\"\u5de8\u9cb8\u62bc\u6ce8 12 \u6708\u5de8\u9707\uff1f\u6bd4\u7279\u5e01\u300c20 \u4e07\u7f8e\u5143\u4e70\u6743\u300d\u63ed\u9732\u5e02\u573a\u6697\u6d41\u63d2\u56fe3\" alt=\"\u5de8\u9cb8\u62bc\u6ce8 12 \u6708\u5de8\u9707\uff1f\u6bd4\u7279\u5e01\u300c20 \u4e07\u7f8e\u5143\u4e70\u6743\u300d\u63ed\u9732\u5e02\u573a\u6697\u6d41\u63d2\u56fe3\" \/><\/p>\n<p>\u8bf7\u770b\u4e0a\u56fe\uff0c\u5e76\u6ce8\u610f\u989c\u8272\u6e10\u5c42\uff08\u6d45\u84dd\u8272\u5230\u6df1\u84dd\u8272\u5206\u522b\u4ee3\u8868\u300c\u51e0\u5929\u524d\u300d\uff09\u3002\u8ffd\u8e2a\u8fd1\u671f\u8d70\u52bf\uff0c\u4f60\u4f1a\u6ce8\u610f\u5230\u4e00\u4e2a\u77ed\u6682\u7684\u7a97\u53e3\u671f\uff0c\u73b0\u8d27\u6bd4\u7279\u5e01\u6ce2\u52a8\u7387\u6307\u6570\u6500\u5347\u81f3 125 \u9644\u8fd1\uff0c\u540c\u65f6\u9690\u542b\u6ce2\u52a8\u7387\u4e5f\u5728\u4e0a\u5347\u3002\u5f53\u65f6\u6bd4\u7279\u5e01\u7684\u6ce2\u52a8\u7387\u6307\u6807\u4f3c\u4e4e\u6697\u793a\u5e02\u573a\u6216\u6709\u6f5c\u5728\u7a81\u7834\uff0c\u6bd5\u7adf\u6b64\u524d\u6ce2\u52a8\u7387\u4e0e\u73b0\u8d27\u4ef7\u683c\u5448\u6b63\u76f8\u5173\u6027\uff0c\u7136\u800c\u4e8b\u4e0e\u613f\u8fdd\uff0c\u73b0\u5728\u6bcf\u4e2a\u4eba\u77e5\u9053\uff0c\u884c\u60c5\u968f\u540e\u5e76\u672a\u5982\u671f\u4e0a\u6da8\uff0c\u800c\u662f\u9006\u8f6c\u4e0b\u8dcc\u3002<\/p>\n<p>\u66f4\u6709\u8da3\u7684\u662f\uff0c\u5373\u4f7f\u73b0\u8d27\u4ef7\u683c\u4e0b\u8dcc\uff0c\u9690\u542b\u6ce2\u52a8\u7387\uff08IV\uff09\u5374\u6301\u7eed\u4e0a\u5347\u3002\u81ea ETF \u65f6\u4ee3\u4ee5\u6765\uff0c\u6bd4\u7279\u5e01\u4ef7\u683c\u6301\u7eed\u4e0b\u8dcc\u800c\u9690\u542b\u6ce2\u52a8\u7387\u5374\u6301\u7eed\u4e0a\u5347\u7684\u60c5\u51b5\u5b9e\u5c5e\u7f55\u89c1\u3002\u53ef\u4ee5\u8bf4\uff0c\u73b0\u9636\u6bb5\u53ef\u80fd\u662f\u6bd4\u7279\u5e01\u6ce2\u52a8\u89c4\u5f8b\u7684\u53e6\u4e00\u4e2a\u91cd\u8981\u300c\u62d0\u70b9\u300d\uff0c\u5373\uff1a\u6bd4\u7279\u5e01\u9690\u542b\u6ce2\u52a8\u7387\u518d\u6b21\u56de\u5230 ETF \u51fa\u73b0\u4e4b\u524d\u7684\u72b6\u51b5\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-132369\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/5436c01008a64a5a9cc492595bd60abb.webp\"  width=\"700\" height=\"385\" title=\"\u5de8\u9cb8\u62bc\u6ce8 12 \u6708\u5de8\u9707\uff1f\u6bd4\u7279\u5e01\u300c20 \u4e07\u7f8e\u5143\u4e70\u6743\u300d\u63ed\u9732\u5e02\u573a\u6697\u6d41\u63d2\u56fe4\" alt=\"\u5de8\u9cb8\u62bc\u6ce8 12 \u6708\u5de8\u9707\uff1f\u6bd4\u7279\u5e01\u300c20 \u4e07\u7f8e\u5143\u4e70\u6743\u300d\u63ed\u9732\u5e02\u573a\u6697\u6d41\u63d2\u56fe4\" \/><\/p>\n<p>\u4e3a\u4e86\u66f4\u597d\u5730\u7406\u89e3\u8fd9\u4e2a\u8d8b\u52bf\uff0c\u6211\u4eec\u7528\u504f\u5ea6\u56fe\uff08skew chart\uff09\u6765\u505a\u8fdb\u4e00\u6b65\u5206\u6790\u3002\u5728\u5e02\u573a\u5927\u5e45\u4e0b\u8dcc\u671f\u95f4\uff0c\u770b\u8dcc\u9009\u62e9\u6743\u7684\u504f\u5ea6\u901a\u5e38\u4f1a\u8fc5\u901f\u98d9\u5347\u2014\u2014\u53ef\u4ee5\u770b\u5230\uff0c\u5728\u524d\u6587\u4e2d\u4e09\u4e2a\u91cd\u5927\u4e8b\u4ef6\u4e2d\uff0c\u504f\u5ea6\u90fd\u8fbe\u5230\u4e86-25% \u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-132368\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/ee7ab2849ab5bbf760eb4d7b0d140b3b.webp\"  width=\"506\" height=\"356\" title=\"\u5de8\u9cb8\u62bc\u6ce8 12 \u6708\u5de8\u9707\uff1f\u6bd4\u7279\u5e01\u300c20 \u4e07\u7f8e\u5143\u4e70\u6743\u300d\u63ed\u9732\u5e02\u573a\u6697\u6d41\u63d2\u56fe5\" alt=\"\u5de8\u9cb8\u62bc\u6ce8 12 \u6708\u5de8\u9707\uff1f\u6bd4\u7279\u5e01\u300c20 \u4e07\u7f8e\u5143\u4e70\u6743\u300d\u63ed\u9732\u5e02\u573a\u6697\u6d41\u63d2\u56fe5\" \/><\/p>\n<p>\u4f46\u6700\u503c\u5f97\u5173\u6ce8\u7684\u6570\u636e\u70b9\u5e76\u975e\u5e02\u573a\u4e0b\u8dcc\u65f6\u7684\u504f\u5ea6\uff0c\u800c\u662f 2021 \u5e74 1 \u6708\uff0c\u5f53\u65f6\u770b\u6da8\u9009\u62e9\u6743\u7684\u504f\u5ea6\u5cf0\u503c\u8d85\u8fc7\u4e86+50%\uff0c\u5f53\u65f6\u6bd4\u7279\u5e01\u51fa\u73b0\u8fd1\u5e74\u6765\u6700\u540e\u4e00\u6b21\u771f\u6b63\u610f\u4e49\u4e0a\u7684\u8d85\u7ea7\u4f3d\u739b\u6324\u538b\uff08mega-gamma squeeze\uff09\uff1a\u6bd4\u7279\u5e01\u4ef7\u683c\u4ece 2 \u4e07\u7f8e\u5143\u98d9\u5347\u81f3 4 \u4e07\u7f8e\u5143\uff0c\u7a81\u7834\u4e86 2017 \u5e74\u7684\u5386\u53f2\u6700\u9ad8\u8d8b\u52bf\u548c\u52a8\u91cf\u57fa\u91d1\u7684\u6d8c\u5165\uff0c\u5b9e\u9645\u6ce2\u52a8\u7387\u7206\u70b8\u5f0f\u589e\u957f\uff0c\u4ea4\u6613\u5458\u88ab\u8feb\u4e70\u5165\u73b0\u8d27\/\u671f\u8d27\u4ee5\u5bf9\u51b2\u7a7a\u5934\u5934\u5bf8\u7684\u4f3d\u739b\u98ce\u9669\uff0c\u8fd9\u53cd\u8fc7\u6765\u53c8\u63a8\u9ad8\u4e86\u4ef7\u683c\u2014\u2014\u8fd9\u4e5f\u662f Deribit \u9996\u6b21\u51fa\u73b0\u521b\u7eaa\u5f55\u7684\u96f6\u552e\u8d44\u91d1\u6d41\u5165\uff0c\u56e0\u4e3a\u4ea4\u6613\u5458\u4eec\u53d1\u73b0\u4e86\u4ef7\u5916\u770b\u6da8\u9009\u62e9\u6743\u7684\u5a01\u529b\u3002<\/p>\n<p>\u5206\u6790\u53ef\u89c1\uff0c\u89c2\u5bdf\u9009\u62e9\u6743\u90e8\u4f4d\u53d8\u5316\u975e\u5e38\u91cd\u8981\u3002\u5f52\u6839\u7a76\u5e95\uff0c\u6b63\u662f\u9009\u62e9\u6743\u90e8\u4f4d\u2014\u2014\u800c\u4e0d\u4ec5\u4ec5\u662f\u73b0\u8d27\u4ea4\u6613\u2014\u2014\u9020\u5c31\u4e86\u63a8\u52a8\u6bd4\u7279\u5e01\u4ef7\u683c\u521b\u4e0b\u65b0\u9ad8\u7684\u51b3\u5b9a\u6027\u8d70\u52bf\u3002<\/p>\n<p>\u968f\u8457\u6bd4\u7279\u5e01\u6ce2\u52a8\u7387\u8d8b\u52bf\u300c\u62d0\u70b9\u300d\u518d\u6b21\u51fa\u73b0\uff0c\u9884\u793a\u8457\u4ef7\u683c\u53ef\u80fd\u518d\u6b21\u7531\u9009\u62e9\u6743\u9a71\u52a8\u3002\u5982\u679c\u8fd9\u79cd\u8f6c\u53d8\u6301\u7eed\u4e0b\u53bb\uff0c\u6bd4\u7279\u5e01\u7684\u4e0b\u4e00\u6ce2\u4e0a\u6da8\u884c\u60c5\u4e0d\u4ec5\u6765\u81ea ETF \u8d44\u91d1\u6d41\u5165\uff0c\u66f4\u5c06\u6765\u81ea\u4e00\u4e2a\u6ce2\u52a8\u7684\u5e02\u573a\uff08\u6709\u66f4\u591a\u6295\u8d44\u8005\u5165\u573a\u5bfb\u6c42\u5728\u6ce2\u52a8\u4e2d\u83b7\u5229\uff09\uff0c\u56e0\u4e3a\u5e02\u573a\u7ec8\u4e8e\u610f\u8bc6\u5230\u6bd4\u7279\u5e01\u7684\u771f\u6b63\u6f5c\u529b\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-132367\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/dce4e21f8196ace2271ee97f57c41826.webp\"  width=\"617\" height=\"332\" title=\"\u5de8\u9cb8\u62bc\u6ce8 12 \u6708\u5de8\u9707\uff1f\u6bd4\u7279\u5e01\u300c20 \u4e07\u7f8e\u5143\u4e70\u6743\u300d\u63ed\u9732\u5e02\u573a\u6697\u6d41\u63d2\u56fe6\" alt=\"\u5de8\u9cb8\u62bc\u6ce8 12 \u6708\u5de8\u9707\uff1f\u6bd4\u7279\u5e01\u300c20 \u4e07\u7f8e\u5143\u4e70\u6743\u300d\u63ed\u9732\u5e02\u573a\u6697\u6d41\u63d2\u56fe6\" \/><\/p>\n<p>\u622a\u81f3 2025 \u5e74 11 \u6708 22 \u65e5\uff0cDeribit \u5e73\u53f0\u4e0a\u7f8e\u5143\u672a\u5e73\u4ed3\u5408\u7ea6\u540d\u76ee\u91d1\u989d\u6392\u540d\u524d\u4e94\u540d\u7684\u4ea4\u6613\u5982\u4e0b\uff1a<\/p>\n<p>1. \u5c06\u4e8e 2025 \u5e74 12 \u6708 26 \u65e5\u5230\u671f\uff0c8.5 \u4e07\u7f8e\u5143\u7684\u770b\u8dcc\u9009\u62e9\u6743\uff0c\u672a\u5e73\u4ed3\u5408\u7ea6\u89c4\u6a21 10 \u4ebf\u7f8e\u5143\uff1b<\/p>\n<p>2. \u5c06\u4e8e 2025 \u5e74 12 \u6708 26 \u65e5\u5230\u671f\uff0c14 \u4e07\u7f8e\u5143\u7684\u4e70\u6743\uff0c\u672a\u5e73\u4ed3\u5408\u7ea6\u89c4\u6a21 9.5 \u4ebf\u7f8e\u5143\uff1b<\/p>\n<p>3. \u5c06\u4e8e 2025 \u5e74 12 \u6708 26 \u65e5\u5230\u671f\uff0c20 \u4e07\u7f8e\u5143\u7684\u4e70\u6743\uff0c\u672a\u5e73\u4ed3\u5408\u7ea6\u89c4\u6a21 7.2 \u4ebf\u7f8e\u5143\uff1b<\/p>\n<p>4. \u5c06\u4e8e 2025 \u5e74 11 \u6708 28 \u65e5\u5230\u671f\uff0c8 \u4e07\u7f8e\u5143\u7684\u770b\u8dcc\u9009\u62e9\u6743\uff0c\u672a\u5e73\u4ed3\u5408\u7ea6\u89c4\u6a21 6.6 \u4ebf\u7f8e\u5143\uff1b<\/p>\n<p>5. \u5c06\u4e8e 2025 \u5e74 12 \u6708 26 \u65e5\u5230\u671f\uff0c12.5 \u4e07\u7f8e\u5143\u7684\u4e70\u6743\uff0c\u672a\u5e73\u4ed3\u5408\u7ea6\u89c4\u6a21 6.2 \u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u6b64\u5916\uff0c\u622a\u81f3 11 \u6708 26 \u65e5\u8d1d\u83b1\u5fb7 IBIT \u5341\u5927\u9009\u62e9\u6743\u6301\u80a1\u5982\u4e0b\uff1a<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-132366\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/8a81c4141ca1bd85d81338b5b2639e57.webp\"  width=\"700\" height=\"182\" title=\"\u5de8\u9cb8\u62bc\u6ce8 12 \u6708\u5de8\u9707\uff1f\u6bd4\u7279\u5e01\u300c20 \u4e07\u7f8e\u5143\u4e70\u6743\u300d\u63ed\u9732\u5e02\u573a\u6697\u6d41\u63d2\u56fe7\" alt=\"\u5de8\u9cb8\u62bc\u6ce8 12 \u6708\u5de8\u9707\uff1f\u6bd4\u7279\u5e01\u300c20 \u4e07\u7f8e\u5143\u4e70\u6743\u300d\u63ed\u9732\u5e02\u573a\u6697\u6d41\u63d2\u56fe7\" \/><\/p>\n<p>\u7531\u6b64\u53ef\u89c1\uff0c\u5e74\u5e95\u524d\u7684\u9009\u62e9\u6743\u914d\u7f6e\u9700\u6c42\uff08\u4ee5\u540d\u76ee\u4ef7\u503c\u8ba1\u7b97\uff09\u6bd4\u9009\u62e9\u6743\u914d\u7f6e\u9700\u6c42\uff08\u4ee5\u540d\u76ee\u4ef7\u503c\u8ba1\u7b97\uff09\u8981\u591a\uff0c\u4e14\u9009\u62e9\u6743\u7684\u884c\u4f7f\u4ef7\u8303\u56f4\u6bd4\u9009\u62e9\u6743\u7684\u884c\u4f7f\u4ef7\u8303\u56f4\u66f4\u504f\u5411\u4ef7\u5916\u9009\u62e9\u6743\u3002<\/p>\n<p>\u5982\u679c\u8fdb\u4e00\u6b65\u89c2\u5bdf\u6bd4\u7279\u5e01\u4e24\u5e74\u9690\u542b\u6ce2\u52a8\u7387\u56fe\u8868\u8d70\u52bf\uff0c\u4f1a\u53d1\u73b0\u8fc7\u53bb\u4e24\u4e2a\u6708\u6301\u7eed\u7684\u6ce2\u52a8\u7387\u9700\u6c42\u4e0e 2024 \u5e74 2 \u6708\u81f3 3 \u6708\u671f\u95f4\u56fe\u8868\u4e0a\u7684\u7c7b\u4f3c\u8d70\u52bf\u6700\u4e3a\u63a5\u8fd1\u3002\u8bb8\u591a\u4eba\u5e94\u8be5\u8fd8\u8bb0\u5f97\uff0c\u8fd9\u6b63\u662f\u6bd4\u7279\u5e01 ETF \u8d44\u91d1\u6d41\u52a8\u63a8\u52a8\u7684\u66b4\u6da8\u65f6\u671f\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u534e\u5c14\u8857\u9700\u8981\u6bd4\u7279\u5e01\u4fdd\u6301\u9ad8\u6ce2\u52a8\u7387\u624d\u80fd\u5438\u5f15\u66f4\u591a\u6295\u8d44\u8005\u5165\u573a\uff0c\u8fd9\u662f\u56e0\u4e3a\u534e\u5c14\u8857\u662f\u4e00\u4e2a\u8d8b\u52bf\u578b\u4ea7\u4e1a\uff0c\u4ed6\u4eec\u559c\u6b22\u5728\u5e74\u5e95\u5956\u91d1\u53d1\u653e\u524d\u5b9e\u73b0\u5229\u6da6\u6700\u5927\u5316\u3002<\/p>\n<p><strong>\u6ce2\u52a8\u7387\uff0c\u5c31\u50cf\u4e00\u53f0\u81ea\u53d1\u6027\u7684\u5229\u76ca\u9a71\u52a8\u673a\u5668\u3002<\/strong><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-132365\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/635f87ee8c63fd880d04dfc4900e79c9.webp\"  width=\"700\" height=\"293\" title=\"\u5de8\u9cb8\u62bc\u6ce8 12 \u6708\u5de8\u9707\uff1f\u6bd4\u7279\u5e01\u300c20 \u4e07\u7f8e\u5143\u4e70\u6743\u300d\u63ed\u9732\u5e02\u573a\u6697\u6d41\u63d2\u56fe8\" alt=\"\u5de8\u9cb8\u62bc\u6ce8 12 \u6708\u5de8\u9707\uff1f\u6bd4\u7279\u5e01\u300c20 \u4e07\u7f8e\u5143\u4e70\u6743\u300d\u63ed\u9732\u5e02\u573a\u6697\u6d41\u63d2\u56fe8\" \/><\/p>\n<p>\u5f53\u7136\uff0c\u73b0\u5728\u65ad\u8a00\u6ce2\u52a8\u7387\u662f\u5426\u5df2\u5f62\u6210\u7a81\u7834\u8d8b\u52bf\u4ee5\u53ca ETF \u8d44\u91d1\u6d41\u52a8\u662f\u5426\u4f1a\u8ddf\u8fdb\u8fd8\u4e3a\u65f6\u8fc7\u65e9\uff0c\u4e5f\u5c31\u662f\u8bf4\u73b0\u8d27\u4ef7\u683c\u53ef\u80fd\u7ee7\u7eed\u4e0b\u8dcc\u3002\u7136\u800c\uff0c\u5982\u679c\u73b0\u8d27\u4ef7\u683c\u4ece\u5f53\u524d\u4f4d\u7f6e\u7ee7\u7eed\u8d70\u4f4e\uff0c\u800c\u9690\u542b\u6ce2\u52a8\u7387\uff08IV\uff09\u5728\u6b64\u671f\u95f4\u6500\u5347\uff0c\u5219\u66f4\u6709\u529b\u5730\u8868\u660e\u4ef7\u683c\u53ef\u80fd\u51fa\u73b0\u5927\u5e45\u53cd\u5f39\uff0c\u5c24\u5176\u662f\u5728\u4ea4\u6613\u5458\u4ecd\u7136\u503e\u5411\u4e8e\u505a\u591a\u9009\u62e9\u6743\u7684\u300c\u7c98\u6027\u9009\u62e9\u6743\u300d\u73af\u5883\u4e0b\u3002\u4f46\u5982\u679c\u629b\u552e\u6301\u7eed\uff0c\u800c\u6ce2\u52a8\u7387\u505c\u6ede\u751a\u81f3\u4e0b\u6ed1\uff0c\u90a3\u4e48\u8d70\u51fa\u4e0b\u8dcc\u533a\u95f4\u7684\u8def\u5f84\u5c06\u5927\u5927\u6536\u7a84\uff0c\u5c24\u5176\u662f\u5728\u8fd1\u671f\u7684\u7ed3\u6784\u6027\u629b\u552e\u5f15\u53d1\u4e00\u7cfb\u5217\u8d1f\u9762\u5916\u90e8\u6548\u5e94\u7684\u60c5\u51b5\u4e0b\u3002\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c\u5e02\u573a\u4e0e\u5176\u8bf4\u662f\u5728\u5bfb\u627e\u53cd\u5f39\u70b9\uff0c\u4e0d\u5982\u8bf4\u662f\u9010\u6e10\u5f62\u6210\u6f5c\u5728\u7684\u718a\u5e02\u8d8b\u52bf\u3002<\/p>\n<p>\u63a5\u4e0b\u6765\u7684\u51e0\u5468\u5c06\u4f1a\u5f88\u6709\u8da3\u3002<\/p>\n<hr \/>\n<p><em><strong>\uff08\u4ee5\u4e0a\u5185\u5bb9\u83b7\u5408\u4f5c\u4f19\u4f34 PANews <\/strong><strong>\u6388\u6743\u8282\u5f55\u53ca\u8f6c\u8f7d\uff0c\u539f\u6587\u8fde\u7ed3 | \u51fa\u5904\uff1aOdaily \u661f\u7403\u65e5\u62a5\u00a0<\/strong><\/em><em><strong>\uff09<\/strong><\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u672c\u6587\u6765\u81ea\uff1aJeff Park\uff0cBitwise \u987e\u95ee \u7f16\u8bd1\uff1aMoni\uff0cOdaily \u661f\u7403\u65e5\u62a5 \u77ed\u77ed\u516d\u5468\uff0c\u6bd4\u7279\u5e01\u5e02 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1516,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/1515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1515"}],"version-history":[{"count":1,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/1515\/revisions"}],"predecessor-version":[{"id":7338,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/1515\/revisions\/7338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/media\/1516"}],"wp:attachment":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}