{"id":1585,"date":"2026-04-11T23:52:49","date_gmt":"2026-04-11T15:52:49","guid":{"rendered":"https:\/\/www.yqcsfz.com\/?p=1585"},"modified":"2026-04-11T23:52:49","modified_gmt":"2026-04-11T15:52:49","slug":"etf-%e5%a4%b1%e8%a1%80%e3%80%81%e6%9d%a0%e6%9d%86%e6%b8%85%e6%b4%97%e4%b8%8e%e6%b5%81%e5%8a%a8%e6%80%a7%e6%9e%af%e7%ab%ad%ef%bc%8c%e5%8a%a0%e5%af%86%e8%b4%a7%e5%b8%81%e5%b8%82%e5%9c%ba%e7%9a%84","status":"publish","type":"post","link":"https:\/\/www.manwah.net\/?p=1585","title":{"rendered":"ETF \u5931\u8840\u3001\u6760\u6746\u6e05\u6d17\u4e0e\u6d41\u52a8\u6027\u67af\u7aed\uff0c\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u51fa\u8def\u5728\u54ea\u91cc\uff1f"},"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=\"\u6bd4\u7279\u5e01\u75af\u72c2\u66b4\u6da8\u7684\u80cc\u540e\uff1a\u73b0\u8d27\u5927\u5355\u4ea4\u6613\u8d85\u671f\u8d27\uff0c\u5e01\u5b89\u3001\u706b\u5e01\u5b58\u91cf\u6d41\u5931\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2020\/11\/shutterstock_1068414170-750x375.jpg\" data-srcset=\"https:\/\/blockcast.it\/wp-content\/uploads\/2020\/11\/shutterstock_1068414170-750x375.jpg 750w, https:\/\/blockcast.it\/wp-content\/uploads\/2020\/11\/shutterstock_1068414170-360x180.jpg 360w, https:\/\/blockcast.it\/wp-content\/uploads\/2020\/11\/shutterstock_1068414170-1140x570.jpg 1140w\" data-sizes=\"auto\" data-expand=\"700\" title=\"ETF \u5931\u8840\u3001\u6760\u6746\u6e05\u6d17\u4e0e\u6d41\u52a8\u6027\u67af\u7aed\uff0c\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u51fa\u8def\u5728\u54ea\u91cc\uff1f\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>\u4f5c\u8005\uff1aTanay Ved, Coin Metrics<\/strong><\/p>\n<p><strong>\u7f16\u8bd1\uff1aGaryMa \u5434\u8bf4\u533a\u5757\u94fe<\/strong><\/p>\n<hr \/>\n<h3>\u91cd\u70b9\u603b\u7ed3<\/h3>\n<ul>\n<li>ETF \u548c DAT \u7b49\u4e3b\u8981\u5438\u6536\u7ba1\u9053\u7684\u9700\u6c42\u8fd1\u671f\u8d70\u5f31\uff0c\u800c 10 \u6708\u7684\u53bb\u6760\u6746\u4e8b\u4ef6\u4e0e\u98ce\u9669\u504f\u597d\u4e0b\u964d\u7684\u603b\u4f53\u7ecf\u6d4e\u60c5\u52bf\uff0c\u6301\u7eed\u5bf9\u52a0\u5bc6\u8d44\u4ea7\u5e02\u573a\u65bd\u538b\u3002<\/li>\n<li>\u671f\u8d27\u548c DeFi \u501f\u8d37\u5e02\u573a\u7684\u6760\u6746\u5df2\u91cd\u7f6e\uff0c\u90e8\u4f4d\u53d8\u5f97\u66f4\u8f7b\u3001\u66f4\u5e72\u51c0\uff0c\u4ece\u800c\u964d\u4f4e\u4e86\u7cfb\u7edf\u6027\u98ce\u9669\u3002<\/li>\n<li>\u73b0\u8d27\u6d41\u52a8\u6027\u5c1a\u672a\u6062\u590d\uff0c\u65e0\u8bba\u662f\u4e3b\u6d41\u8d44\u4ea7\u6216\u7ade\u4e89\u5e01\u90fd\u4ecd\u7136\u504f\u5f31\uff0c\u4f7f\u5e02\u573a\u66f4\u8106\u5f31\uff0c\u66f4\u5bb9\u6613\u88ab\u8d85\u9884\u671f\u7684\u4ef7\u683c\u6ce2\u52a8\u62d6\u52a8\u3002<\/li>\n<\/ul>\n<h3>\u5f15\u8a00<\/h3>\n<p>\u300cUptober\u300d\u5728\u6bd4\u7279\u5e01\u5237\u65b0\u5386\u53f2\u65b0\u9ad8\u7684\u63a8\u52a8\u4e0b\u5f3a\u52bf\u5f00\u5c40\u3002\u4f46\u4e50\u89c2\u60c5\u7eea\u5f88\u5feb\u5728 10 \u6708\u7684\u95ea\u5d29\u4e2d\u88ab\u6253\u65ad\u3002\u81ea\u90a3\u4e4b\u540e\uff0cBTC \u5df2\u4e0b\u8dcc\u7ea6 4 \u4e07\u7f8e\u5143\uff08\u8d85 33%\uff09\uff0c\u7ade\u4e89\u5e01\u53d7\u5230\u66f4\u5927\u51b2\u51fb\uff0c\u4f7f\u6574\u4f53\u5e02\u503c\u63a5\u8fd1 3 \u5146\u7f8e\u5143\u3002\u5c3d\u7ba1\u4eca\u5e74\u57fa\u672c\u9762\u53d1\u5c55\u79ef\u6781\uff0c\u4f46\u4ef7\u683c\u8868\u73b0\u4e0e\u5e02\u573a\u60c5\u7eea\u660e\u663e\u80cc\u79bb\u3002<\/p>\n<p>\u6570\u4f4d\u8d44\u4ea7\u4f3c\u4e4e\u6b63\u5904\u4e8e\u591a\u91cd\u5916\u90e8\u548c\u5185\u90e8\u529b\u91cf\u7684\u4ea4\u6c47\u70b9\u4e0a\u3002\u5728\u603b\u4f53\u7ecf\u6d4e\u5c42\u9762\uff0c\u5bf9 12 \u6708\u964d\u606f\u7684\u4e0d\u786e\u5b9a\u6027\uff0c\u4ee5\u53ca\u79d1\u6280\u80a1\u8fd1\u671f\u8d70\u5f31\uff0c\u52a0\u5267\u4e86\u98ce\u9669\u504f\u597d\u4e0b\u884c\u3002\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u5185\u90e8\uff0cETF \u548c\u52a0\u5bc6\u8d27\u5e01\u50a8\u5907\u516c\u53f8\uff08DAT\uff09\u7b49\u6838\u5fc3\u5438\u6536\u7ba1\u9053\u51fa\u73b0\u8d44\u91d1\u6d41\u51fa\u3001\u6210\u672c\u538b\u529b\u589e\u52a0\u3002\u540c\u65f6\uff0c10 \u6708 10 \u65e5\u5151\u73b0\u7684\u4e00\u8f6e\u5168\u5e02\u573a\u6e05\u7b97\u89e6\u53d1\u4e86\u8fd1\u5e74\u6700\u5267\u70c8\u7684\u53bb\u6760\u6746\u4e8b\u4ef6\uff0c\u5176\u4f59\u9707\u4ecd\u5728\u6301\u7eed\uff0c\u56e0\u4e3a\u5e02\u573a\u6d41\u52a8\u6027\u4f9d\u7136\u504f\u6d45\u3002<\/p>\n<p>\u672c\u671f\u62a5\u544a\u5c06\u62c6\u89e3\u8fd1\u671f\u52a0\u5bc6\u8d44\u4ea7\u5e02\u573a\u75b2\u8f6f\u80cc\u540e\u7684\u9a71\u52a8\u529b\u3002\u6211\u4eec\u5c06\u6df1\u5165\u4e86\u89e3 ETF \u8d44\u91d1\u6d41\u3001\u6c38\u7eed\u671f\u8d27\u4e0e DeFi \u6760\u6746\u72b6\u51b5\uff0c\u4ee5\u53ca\u8ba2\u5355\u7c3f\u6d41\u52a8\u6027\uff0c\u63a2\u8ba8\u8fd9\u4e9b\u53d8\u5316\u5982\u4f55\u53cd\u6620\u5f53\u524d\u7684\u5e02\u573a\u72b6\u6001\u3002<\/p>\n<h3>\u603b\u4f53\u7ecf\u6d4e\u73af\u5883\u8f6c\u5411\u98ce\u9669\u504f\u597d\u4e0b\u964d<\/h3>\n<p>\u6bd4\u7279\u5e01\u4e0e\u4e3b\u8981\u8d44\u4ea7\u7c7b\u522b\u7684\u8868\u73b0\u5dee\u5f02\u6b63\u5728\u6269\u5927\u3002\u9ec4\u91d1\u5728\u521b\u7eaa\u5f55\u7684\u592e\u884c\u8d2d\u91d1\u9700\u6c42\u4e0e\u6301\u7eed\u7684\u8d38\u6613\u7d27\u5f20\u63a8\u52a8\u4e0b\uff0c\u4eca\u5e74\u8fc4\u4eca\u4e0a\u6da8\u8d85 50% \u3002\u540c\u65f6\uff0c\u79d1\u6280\u80a1\uff08NASDAQ\uff09\u5728\u7b2c\u56db\u5b63\u5ea6\u5931\u53bb\u52a8\u80fd\uff0c\u56e0\u4e3a\u5e02\u573a\u91cd\u65b0\u8bc4\u4f30\u8054\u51c6\u4f1a\u964d\u606f\u673a\u7387\u4e0e AI \u9a71\u52a8\u4f30\u503c\u7684\u53ef\u6301\u7eed\u6027\u3002<\/p>\n<p>\u6b63\u5982\u6211\u4eec\u5148\u524d\u7814\u7a76\u6240\u793a\uff0cBTC \u4e0e\u300c\u98ce\u9669\u8d44\u4ea7\u300d\u79d1\u6280\u80a1\u548c\u300c\u907f\u9669\u8d44\u4ea7\u300d\u9ec4\u91d1\u7684\u5173\u7cfb\u4f1a\u968f\u603b\u4f53\u7ecf\u6d4e\u73af\u5883\u5468\u671f\u6027\u6446\u52a8\u3002\u8fd9\u610f\u5473\u8457\u5b83\u5bf9\u7a81\u53d1\u4e8b\u4ef6\u6216\u5e02\u573a\u51b2\u51fb\u5c24\u5176\u654f\u611f\uff0c\u4f8b\u5982 10 \u6708\u7684\u95ea\u5d29\u4ee5\u53ca\u8fd1\u671f\u7684\u98ce\u9669\u504f\u597d\u4e0b\u964d\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-132579\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/a05c88d27447e642cfa8fdd56254cc2d.webp\"  width=\"1080\" height=\"608\" title=\"ETF \u5931\u8840\u3001\u6760\u6746\u6e05\u6d17\u4e0e\u6d41\u52a8\u6027\u67af\u7aed\uff0c\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u51fa\u8def\u5728\u54ea\u91cc\uff1f\u63d2\u56fe1\" alt=\"ETF \u5931\u8840\u3001\u6760\u6746\u6e05\u6d17\u4e0e\u6d41\u52a8\u6027\u67af\u7aed\uff0c\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u51fa\u8def\u5728\u54ea\u91cc\uff1f\u63d2\u56fe1\" \/><\/p>\n<p>\u4f5c\u4e3a\u6574\u4e2a\u52a0\u5bc6\u5e02\u573a\u7684\u951a\uff0c\u6bd4\u7279\u5e01\u7684\u56de\u6863\u7ee7\u7eed\u4f20\u5bfc\u81f3\u5176\u4ed6\u8d44\u4ea7\uff0c\u5c3d\u7ba1\u9690\u79c1\u7c7b\u7b49\u4e3b\u9898\u5076\u6709\u77ed\u6682\u8868\u73b0\uff0c\u4f46\u6574\u4f53\u4ecd\u4e0e BTC \u540c\u6b65\u3002<\/p>\n<h3>ETF \u4e0e DAT\uff1a\u5438\u7eb3\u9700\u6c42\u8d70\u5f31<\/h3>\n<p>\u6bd4\u7279\u5e01\u8fd1\u671f\u8d70\u5f31\u7684\u90e8\u5206\u539f\u56e0\u5728\u4e8e\u90a3\u4e9b\u5728 2024\u20132025 \u5e74\u5927\u90e8\u5206\u65f6\u95f4\u4f5c\u4e3a\u652f\u6491\u529b\u91cf\u7684\u8d44\u91d1\u5438\u6536\u7ba1\u9053\u5f00\u59cb\u75b2\u8f6f\u3002\u81ea 10 \u6708\u4e2d\u65ec\u4ee5\u6765\uff0cETF \u5df2\u8fde\u7eed\u6570\u5468\u51fa\u73b0\u51c0\u6d41\u51fa\uff0c\u603b\u989d\u8fbe 49 \u4ebf\u7f8e\u5143\u3002\u8fd9\u662f\u81ea 2025 \u5e74 4 \u6708\u4ee5\u6765\u89c4\u6a21\u6700\u5927\u7684\u4e00\u8f6e\u8d4e\u56de\uff0c\u5f53\u65f6\u6bd4\u7279\u5e01\u56e0\u5173\u7a0e\u9884\u671f\u4e0b\u8dcc\u81f3 7.5 \u4e07\u7f8e\u5143\u9644\u8fd1\u3002\u5c3d\u7ba1\u77ed\u671f\u6d41\u51fa\u663e\u8457\uff0c\u4f46\u94fe\u4e0a\u6301\u80a1\u4ecd\u5904\u4e8e\u4e0a\u5347\u8d8b\u52bf\uff0c\u5149\u662f\u8d1d\u83b1\u5fb7 IBIT ETF \u5c31\u6301\u6709 78 \u4e07\u679a BTC\uff0c\u5360\u73b0\u8d27\u6bd4\u7279\u5e01 ETF \u603b\u4f9b\u5e94\u7684\u7ea6 60% \u3002<\/p>\n<p>\u82e5\u8d44\u91d1\u91cd\u8fd4\u6301\u7eed\u51c0\u6d41\u5165\uff0c\u5c06\u610f\u5473\u8457\u8be5\u7ba1\u9053\u8d8b\u7a33\u3002\u5386\u53f2\u4e0a\uff0c\u5f53\u98ce\u9669\u504f\u597d\u6539\u5584\u65f6\uff0cETF \u9700\u6c42\u4e00\u76f4\u662f\u5173\u952e\u7684\u4f9b\u7ed9\u5438\u6536\u8005\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-132578\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/b015dedc815b99e4673e8d73d229a91b.webp\"  width=\"1080\" height=\"627\" title=\"ETF \u5931\u8840\u3001\u6760\u6746\u6e05\u6d17\u4e0e\u6d41\u52a8\u6027\u67af\u7aed\uff0c\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u51fa\u8def\u5728\u54ea\u91cc\uff1f\u63d2\u56fe2\" alt=\"ETF \u5931\u8840\u3001\u6760\u6746\u6e05\u6d17\u4e0e\u6d41\u52a8\u6027\u67af\u7aed\uff0c\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u51fa\u8def\u5728\u54ea\u91cc\uff1f\u63d2\u56fe2\" \/><\/p>\n<p>\u52a0\u5bc6\u8d27\u5e01\u50a8\u5907\u516c\u53f8\uff08DAT\uff09\u540c\u6837\u9762\u4e34\u538b\u529b\u3002\u968f\u8457\u5e02\u573a\u4e0b\u8dcc\uff0c\u5176\u80a1\u7968\u4e0e\u52a0\u5bc6\u6301\u80a1\u5e02\u503c\u88ab\u538b\u7f29\uff0c\u4f7f\u652f\u6491\u5176\u88c2\u53d8\u6210\u957f\u673a\u5236\u7684\u51c0\u503c\u6ea2\u4ef7\u627f\u538b\u3002\u8fd9\u5c06\u9650\u5236\u5176\u900f\u8fc7\u589e\u53d1\u80a1\u7968\u6216\u53d1\u884c\u503a\u52a1\u6765\u83b7\u5f97\u65b0\u589e\u8d44\u672c\u7684\u80fd\u529b\uff0c\u4ece\u800c\u9650\u5236\u5176\u63d0\u5347\u300c\u6bcf\u80a1\u52a0\u5bc6\u8d44\u4ea7\u300d\u914d\u7f6e\u7684\u7a7a\u95f4\u3002\u89c4\u6a21\u8f83\u5c0f\u6216\u8f83\u65b0\u7684 DAT \u5bf9\u8fd9\u79cd\u53d8\u5316\u5c24\u5176\u654f\u611f\uff0c\u5f53\u6210\u672c\u57fa\u7840\u4e0e\u80a1\u6743\u5b9a\u4ef7\u53d8\u5f97\u4e0d\u5229\u65f6\uff0c\u5b83\u4eec\u4f1a\u66f4\u52a0\u8c28\u614e\u3002<\/p>\n<p>Strategy \u2014 \u2014 \u76ee\u524d\u6700\u5927\u7684 DAT \u2014 \u2014 \u6301\u6709 649,870 BTC\uff08\u7ea6\u5360\u5168\u4f9b\u5e94\u7684 3.2%\uff09\uff0c\u5e73\u5747\u6210\u672c\u4e3a 74,333 \u7f8e\u5143\u3002\u5982\u4e0b\u56fe\u6240\u793a\uff0cStrategy \u7684\u589e\u6301\u5728 BTC \u4e0a\u6da8\u3001\u5176\u80a1\u4ef7\u8868\u73b0\u5f3a\u52b2\u65f6\u5927\u5e45\u52a0\u901f\uff0c\u800c\u8fd1\u671f\u5219\u660e\u663e\u653e\u7f13\uff0c\u4f46\u5e76\u672a\u6210\u4e3a\u4e3b\u52a8\u51fa\u552e\u529b\u91cf\u3002\u5373\u4fbf\u5982\u6b64\uff0cStrategy \u4ecd\u5904\u4e8e\u6d6e\u76c8\u72b6\u6001\uff0c\u6210\u672c\u4f4e\u4e8e\u73b0\u4ef7\u3002<\/p>\n<p>\u82e5 BTC \u8fdb\u4e00\u6b65\u4e0b\u8dcc\uff0c\u6216\u82e5\u5176\u9762\u4e34\u6307\u6570\u79fb\u9664\u98ce\u9669\uff0cStrategy \u53ef\u80fd\u627f\u538b\uff1b\u4f46\u82e5\u5e02\u573a\u9006\u8f6c\uff0c\u5176\u8d44\u4ea7\u8d1f\u503a\u8868\u4e0e\u4f30\u503c\u6539\u5584\uff0c\u5219\u53ef\u671b\u6062\u590d\u66f4\u5f3a\u7684\u589e\u6301\u8282\u594f\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-132577\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/dd21d6fdf9b6f95c7737c89edfa80b02.webp\"  width=\"1080\" height=\"627\" title=\"ETF \u5931\u8840\u3001\u6760\u6746\u6e05\u6d17\u4e0e\u6d41\u52a8\u6027\u67af\u7aed\uff0c\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u51fa\u8def\u5728\u54ea\u91cc\uff1f\u63d2\u56fe3\" alt=\"ETF \u5931\u8840\u3001\u6760\u6746\u6e05\u6d17\u4e0e\u6d41\u52a8\u6027\u67af\u7aed\uff0c\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u51fa\u8def\u5728\u54ea\u91cc\uff1f\u63d2\u56fe3\" \/><\/p>\n<p>\u94fe\u4e0a\u83b7\u5229\u6307\u6807\u4e5f\u53cd\u6620\u4e86\u8fd9\u4e00\u60c5\u51b5\u3002\u77ed\u671f\u6301\u6709\u8005 SOPR\uff08&lt;155 \u5929\uff09\u5df2\u843d\u5165~23% \u7684\u4e8f\u635f\u533a\u95f4\uff0c\u8fd9\u901a\u5e38\u610f\u5473\u8457\u6700\u654f\u611f\u7684\u6301\u4ed3\u7fa4\u4f53\u51fa\u73b0\u300c\u6295\u964d\u5f0f\u300d\u629b\u552e\u3002\u957f\u671f\u6301\u6709\u8005\u5e73\u5747\u4ecd\u5904\u4e8e\u76c8\u5229\uff0c\u4f46 SOPR \u4e5f\u663e\u793a\u51fa\u6e29\u548c\u7684\u629b\u552e\u503e\u5411\u3002\u82e5 STH SOPR \u91cd\u8fd4 1.0 \u4e0a\u65b9\uff0c\u540c\u65f6 LTH \u629b\u538b\u653e\u7f13\uff0c\u5219\u8868\u793a\u5e02\u573a\u53ef\u80fd\u91cd\u65b0\u7ad9\u7a33\u3002<\/p>\n<h3>\u52a0\u5bc6\u5e02\u573a\u53bb\u6760\u6746\uff1a\u6c38\u7eed\u671f\u8d27\u3001 DeFi \u501f\u8d37\u4e0e\u6d41\u52a8\u6027<\/h3>\n<p>10 \u6708 10 \u65e5\u7684\u6e05\u7b97\u6f6e\u5f00\u542f\u4e86\u4e00\u8f6e\u8de8\u8d8a\u671f\u8d27\u3001 DeFi \u3001\u4ee5\u53ca\u7a33\u5b9a\u5e01\u6760\u6746\u7684\u591a\u5c42\u7ea7\u53bb\u6760\u6746\u5468\u671f\uff0c\u5176\u5f71\u54cd\u81f3\u4eca\u4ecd\u672a\u5b8c\u5168\u6d88\u6563\u3002<\/p>\n<h4><strong>\u6c38\u7eed\u671f\u8d27\u7684\u6760\u6746\u6e05\u6d17<\/strong><\/h4>\n<p>\u77ed\u77ed\u6570\u5c0f\u65f6\u5185\uff0c\u6c38\u7eed\u671f\u8d27\u51fa\u73b0\u53f2\u4e0a\u6700\u5927\u89c4\u6a21\u7684\u5f3a\u5236\u53bb\u6760\u6746\uff0c\u62b9\u53bb\u4e86\u6570\u6708\u7d2f\u79ef\u7684 30% \u4ee5\u4e0a\u672a\u5e73\u4ed3\u91cf\u3002\u7ade\u4e89\u5e01\u4e0e\u96f6\u552e\u5360\u6bd4\u8f83\u9ad8\u7684\u5e73\u53f0\uff08\u5982 Hyperliquid \u3001 Binance \u3001 Bybit\uff09\u8dcc\u5e45\u6700\u6df1\uff0c\u4e0e\u8fd9\u4e9b\u9886\u57df\u5148\u524d\u7d2f\u79ef\u7684\u6fc0\u8fdb\u6760\u6746\u4e00\u81f4\u3002\u5982\u4e0b\u56fe\u6240\u793a\uff0c\u76ee\u524d\u672a\u5e73\u4ed3\u91cf\u4ecd\u663e\u8457\u4f4e\u4e8e\u95ea\u5d29\u524d\u8d85\u8fc7 900 \u4ebf\u7f8e\u5143\u7684\u9ad8\u70b9\uff0c\u4e14\u968f\u540e\u8fdb\u4e00\u6b65\u5c0f\u5e45\u56de\u843d\u3002\u8fd9\u663e\u793a\u7cfb\u7edf\u5185\u6760\u6746\u5df2\u663e\u8457\u6e05\u6d17\uff0c\u5e02\u573a\u8fdb\u5165\u7a33\u5b9a\u4e0e\u518d\u5b9a\u4ef7\u9636\u6bb5\u3002<\/p>\n<p>\u8d44\u91d1\u8d39\u7387\u4e5f\u540c\u6b65\u4e0b\u964d\uff0c\u53cd\u6620\u591a\u5934\u98ce\u9669\u504f\u597d\u91cd\u7f6e\u3002 BTC \u8d44\u91d1\u8d39\u6700\u8fd1\u5f98\u5f8a\u5728\u4e2d\u6027\u6216\u8f7b\u5fae\u8d1f\u503c\uff0c\u7b26\u5408\u5e02\u573a\u5c1a\u672a\u6062\u590d\u660e\u786e\u65b9\u5411\u6027\u4fe1\u5fc3\u7684\u72b6\u6001\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-132576\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/d752e93dec5126b54f100d99504bdd88.webp\"  width=\"1080\" height=\"708\" title=\"ETF \u5931\u8840\u3001\u6760\u6746\u6e05\u6d17\u4e0e\u6d41\u52a8\u6027\u67af\u7aed\uff0c\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u51fa\u8def\u5728\u54ea\u91cc\uff1f\u63d2\u56fe4\" alt=\"ETF \u5931\u8840\u3001\u6760\u6746\u6e05\u6d17\u4e0e\u6d41\u52a8\u6027\u67af\u7aed\uff0c\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u51fa\u8def\u5728\u54ea\u91cc\uff1f\u63d2\u56fe4\" \/><\/p>\n<h4><strong>DeFi \u53bb\u6760\u6746<\/strong><\/h4>\n<p>DeFi \u4fe1\u8d37\u5e02\u573a\u4e5f\u7ecf\u5386\u4e86\u4e00\u6bb5\u9010\u6b65\u53bb\u6760\u6746\u8fc7\u7a0b\u3002 Aave V3 \u7684\u6d3b\u8dc3\u8d37\u6b3e\u81ea 9 \u6708\u5e95\u9ad8\u70b9\u5f00\u59cb\u6301\u7eed\u56de\u843d\uff0c\u56e0\u4e3a\u501f\u6b3e\u4eba\u964d\u4f4e\u6760\u6746\u3001\u507f\u8fd8\u503a\u52a1\u3002\u7a33\u5b9a\u5e01\u501f\u8d37\u7684\u6536\u7f29\u6700\u4e3a\u660e\u663e\uff0cUSDe \u8131\u951a\u5f15\u53d1 USDe \u501f\u8d37\u89c4\u6a21\u4e0b\u964d 65%\uff0c\u5e76\u8fdb\u4e00\u6b65\u5f15\u7206\u5408\u6210\u7f8e\u5143\u6760\u6746\u7684\u6e05\u7b97\u94fe\u3002<\/p>\n<p>ETH \u7c7b\u501f\u8d37\u4e5f\u540c\u6b65\u6536\u7f29\uff0cWETH \u4e0e LST \u76f8\u5173\u8d37\u6b3e\u51cf\u5c11 35\u201340%\uff0c\u663e\u793a\u5faa\u73af\u6760\u6746\u4e0e\u6536\u76ca\u7b56\u7565\u5927\u5e45\u9000\u51fa\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-132575\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/909cc9c437d4bedf4509adccb89a755b.png\"  width=\"1080\" height=\"627\" title=\"ETF \u5931\u8840\u3001\u6760\u6746\u6e05\u6d17\u4e0e\u6d41\u52a8\u6027\u67af\u7aed\uff0c\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u51fa\u8def\u5728\u54ea\u91cc\uff1f\u63d2\u56fe5\" alt=\"ETF \u5931\u8840\u3001\u6760\u6746\u6e05\u6d17\u4e0e\u6d41\u52a8\u6027\u67af\u7aed\uff0c\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u51fa\u8def\u5728\u54ea\u91cc\uff1f\u63d2\u56fe5\" \/><\/p>\n<h4><strong>\u73b0\u8d27\u6d41\u52a8\u6027\u6d45\u8584<\/strong><\/h4>\n<p>\u73b0\u8d27\u5e02\u573a\u6d41\u52a8\u6027\u5728 10 \u6708 10 \u65e5\u6e05\u7b97\u540e\u672a\u80fd\u6062\u590d\u3002\u4e3b\u8981\u4ea4\u6613\u6240\u7684\u6302\u5355\u6df1\u5ea6\uff08\u00b12%\uff09\u81f3\u4eca\u4ecd\u6bd4 10 \u6708\u521d\u4f4e 30\u201340%\uff0c\u663e\u793a\u968f\u8457\u4ef7\u683c\u7a33\u5b9a\uff0c\u6d41\u52a8\u6027\u4ecd\u672a\u4fee\u590d\u3002\u7531\u4e8e\u6302\u5355\u51cf\u5c11\uff0c\u5e02\u573a\u66f4\u8106\u5f31\uff0c\u8f7b\u5fae\u7684\u4ea4\u6613\u5c31\u53ef\u80fd\u5e26\u6765\u8fc7\u5ea6\u4ef7\u683c\u51b2\u51fb\uff0c\u52a0\u5267\u6ce2\u52a8\u5e76\u653e\u5927\u5f3a\u5e73\u5f71\u54cd\u3002<\/p>\n<p>\u7ade\u4e89\u5e01\u7684\u6d41\u52a8\u6027\u60c5\u51b5\u66f4\u5dee\u3002\u4e3b\u6d41\u8d44\u4ea7\u4ee5\u5916\u7684\u8ba2\u5355\u7c3f\u6df1\u5ea6\u4e0b\u964d\u5e45\u5ea6\u66f4\u5927\u4e14\u6301\u7eed\u65f6\u95f4\u66f4\u4e45\uff0c\u663e\u793a\u5e02\u573a\u6301\u7eed\u89c4\u907f\u98ce\u9669\u3001\u505a\u5e02\u5546\u6d3b\u8dc3\u5ea6\u4e0b\u964d\u3002\u82e5\u73b0\u8d27\u6d41\u52a8\u6027\u5168\u9762\u6539\u5584\uff0c\u53ef\u964d\u4f4e\u4ef7\u683c\u51b2\u51fb\u5e76\u4fc3\u8fdb\u7a33\u5b9a\uff0c\u4f46\u76ee\u524d\u6df1\u5ea6\u4ecd\u662f\u7cfb\u7edf\u538b\u529b\u5c1a\u672a\u6d88\u6563\u7684\u6700\u660e\u663e\u6307\u6807\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-132574\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/18f537ff1cb5891eeb1634c839442c81.webp\"  width=\"1080\" height=\"780\" title=\"ETF \u5931\u8840\u3001\u6760\u6746\u6e05\u6d17\u4e0e\u6d41\u52a8\u6027\u67af\u7aed\uff0c\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u51fa\u8def\u5728\u54ea\u91cc\uff1f\u63d2\u56fe6\" alt=\"ETF \u5931\u8840\u3001\u6760\u6746\u6e05\u6d17\u4e0e\u6d41\u52a8\u6027\u67af\u7aed\uff0c\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u51fa\u8def\u5728\u54ea\u91cc\uff1f\u63d2\u56fe6\" \/><\/p>\n<h3>\u7ed3\u8bba<\/h3>\n<p>\u6570\u4f4d\u8d44\u4ea7\u5e02\u573a\u6b63\u5728\u7ecf\u5386\u5168\u9762\u7684\u518d\u6821\u51c6\uff0c\u7279\u5f81\u5305\u62ec ETF \u4e0e DAT \u9700\u6c42\u75b2\u8f6f\u3001\u671f\u8d27\u4e0e DeFi \u6760\u6746\u91cd\u7f6e\u3001\u73b0\u8d27\u6d41\u52a8\u6027\u4ecd\u504f\u6d45\u3002\u8fd9\u4e9b\u56e0\u7d20\u538b\u5236\u4e86\u4ef7\u683c\uff0c\u4f46\u540c\u65f6\u8ba9\u7cfb\u7edf\u66f4\u5065\u5eb7\uff1a\u6760\u6746\u66f4\u4f4e\u3001\u90e8\u4f4d\u66f4\u4e2d\u6027\u3001\u57fa\u672c\u9762\u66f4\u91cd\u8981\u3002<\/p>\n<p>\u540c\u65f6\uff0c\u603b\u4f53\u7ecf\u6d4e\u73af\u5883\u4ecd\u662f\u9006\u98ce\uff1aAI \u79d1\u6280\u80a1\u75b2\u8f6f\u3001\u964d\u606f\u9884\u671f\u6ce2\u52a8\u3001\u98ce\u9669\u504f\u597d\u4e0b\u964d\u7b49\u56e0\u7d20\u6301\u7eed\u6291\u5236\u5e02\u573a\u60c5\u7eea\u3002\u53ea\u6709\u5f53\u4e3b\u8981\u9700\u6c42\u7ba1\u9053\uff08ETF \u8d44\u91d1\u6d41\u3001 DAT \u7d2f\u79ef\u3001\u7a33\u5b9a\u5e01\u4f9b\u5e94\u6210\u957f\uff09\u6062\u590d\uff0c\u518d\u52a0\u4e0a\u73b0\u8d27\u6d41\u52a8\u6027\u56de\u5347\uff0c\u5e02\u573a\u624d\u6709\u671b\u7a33\u4f4f\u5e76\u53cd\u8f6c\u3002\u5728\u6b64\u4e4b\u524d\uff0c\u5e02\u573a\u5c06\u7ee7\u7eed\u5904\u4e8e\u300c\u98ce\u9669\u504f\u597d\u4e0b\u964d\u7684\u603b\u4f53\u7ecf\u6d4e\u73af\u5883\u300d\u4e0e\u300c\u52a0\u5bc6\u5e02\u573a\u5185\u90e8\u7ed3\u6784\u53d8\u5316\u300d\u4e4b\u95f4\u7684\u62c9\u626f\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\uff1a\u5434\u8bf4\u533a\u5757\u94fe\u00a0<\/strong><\/em><em><strong>\uff09<\/strong><\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u4f5c\u8005\uff1aTanay Ved, Coin Metrics \u7f16\u8bd1\uff1aGaryMa \u5434\u8bf4\u533a\u5757\u94fe \u91cd\u70b9\u603b\u7ed3 ETF \u548c D 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