{"id":971,"date":"2026-02-20T02:47:58","date_gmt":"2026-02-19T18:47:58","guid":{"rendered":"https:\/\/www.yqcsfz.com\/?p=971"},"modified":"2026-02-20T02:47:58","modified_gmt":"2026-02-19T18:47:58","slug":"%e6%af%94%e7%89%b9%e5%b8%81%e3%80%8c%e4%b8%a5%e9%87%8d%e8%a2%ab%e4%bd%8e%e4%bc%b0%e3%80%8d%e5%8d%b4%e6%97%a0%e5%8a%9b%e5%8f%8d%e5%bc%b9%ef%bc%81%e5%88%86%e6%9e%90%e5%b8%88%ef%bc%9a%e3%80%8c%e6%a8%aa","status":"publish","type":"post","link":"https:\/\/www.manwah.net\/?p=971","title":{"rendered":"\u6bd4\u7279\u5e01\u300c\u4e25\u91cd\u88ab\u4f4e\u4f30\u300d\u5374\u65e0\u529b\u53cd\u5f39\uff01\u5206\u6790\u5e08\uff1a\u300c\u6a2a\u76d8\u95f7\u5c40\u300d\u6599\u5c06\u5ef6\u7eed"},"content":{"rendered":"<div class=\"thumbnail-container animate-lazy\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"375\" class=\"attachment-jnews-750x375 size-jnews-750x375 lazyload wp-post-image\" alt=\"\u6bd4\u7279\u5e01\u53cd\u5f39\u300c\u52bf\u7834 6 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\">\n<p>\u5386\u7ecf 2025 \u5e74 10 \u3001 11 \u6708\u60ca\u6d9b\u9a87\u6d6a\u822c\u7684\u5267\u70c8\u9707\u8361\u540e\uff0c\u6bd4\u7279\u5e01\u5df2\u8fde\u7eed\u6570\u5468\u5728 8.5 \u4e07\u81f3 9 \u4e07\u7f8e\u5143\u533a\u95f4\u6574\u7406\u3002\u5206\u6790\u5e08\u6307\u51fa\uff0c\u76ee\u524d\u5e02\u573a\u4ecd\u7f3a\u4e4f\u660e\u786e\u7684\u5229\u591a\u50ac\u5316\u5242\uff0c\u6bd4\u7279\u5e01\u6a2a\u76d8\u8d70\u52bf\u6050\u6015\u5c06\u5ef6\u7eed\u4e0b\u53bb\u3002<\/p>\n<p>Hashdex \u5168\u7403\u5e02\u573a\u6d1e\u5bdf\u4e3b\u7ba1 Gerry O\u2019Shea \u6307\u51fa\uff1a\u300c\u867d\u7136\u672a\u6765\u51e0\u5468\uff0c\u7f8e\u56fd\u8d27\u5e01\u653f\u7b56\u7684\u8f6c\u5411\u6216\u662f\u56fd\u4f1a\u52a0\u5bc6\u8d27\u5e01\u6cd5\u6848\u7684\u8fdb\u5c55\u53ef\u80fd\u5e26\u6765\u4e9b\u8bb8\u5229\u591a\uff0c\u4f46\u5c31\u73b0\u9636\u6bb5\u6765\u8bf4\uff0c\u6bd4\u7279\u5e01\u4ecd\u5904\u4e8e\u533a\u95f4\u9707\u8361\u683c\u5c40\u3002\u300d<\/p>\n<p>\u5609\u4fe1\u7406\u8d22\uff08Charles Schwab\uff09\u65d7\u4e0b\u91d1\u878d\u7814\u7a76\u4e2d\u5fc3\uff08Center for Financial Research\uff09\u52a0\u5bc6\u8d27\u5e01\u7814\u7a76\u4e0e\u7b56\u7565\u4e3b\u7ba1 Jim Ferraioli \u4e5f\u62b1\u6301\u76f8\u5bf9\u4fdd\u5b88\u7684\u770b\u6cd5\u3002\u4ed6\u6307\u51fa\uff0c\u5609\u4fe1\u5e76\u4e0d\u8bbe\u5b9a\u5177\u4f53\u7684\u6bd4\u7279\u5e01\u4ef7\u683c\u76ee\u6807\uff0c\u4f46\u6574\u4f53\u6765\u770b\uff0c2026 \u5e74\u4ecd\u6709\u673a\u4f1a\u662f\u79ef\u6781\u7684\u4e00\u5e74\uff0c\u4e0d\u8fc7\u4ece\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u89d2\u5ea6\u6765\u770b\uff0c\u8fd9\u4e00\u5e74\u53ef\u80fd\u4f1a\u76f8\u5bf9\u300c\u65e0\u804a\u300d\u3002<\/p>\n<p>Jim Ferraioli \u8fdb\u4e00\u6b65\u5206\u6790\uff0c\u8fd9\u6ce2\u4fee\u6b63\u4e0d\u4ec5\u663e\u8457\uff0c\u66f4\u662f\u8d44\u4ea7\u8fc8\u5411\u6210\u719f\u7684\u5fc5\u7ecf\u4e4b\u8def\uff1a\u300c\u56de\u987e 2022 \u5e74 11 \u6708\u7684\u4f4e\u70b9\uff0c\u4e00\u8def\u72c2\u5954\u81f3\u53bb\u5e74 10 \u6708\u521b\u4e0b\u7684 126,000 \u7f8e\u5143\u5386\u53f2\u65b0\u9ad8\uff0c\u6bd4\u7279\u5e01\u5728 3 \u5e74\u5185\u7ffb\u6da8 8 \u500d\uff0c\u5e02\u573a\u73b0\u5728\u6b63\u5904\u4e8e\u6d88\u5316\u671f\uff0c\u9700\u8981\u65f6\u95f4\u6765\u6c89\u6dc0\u8fd9\u6ce2\u5de8\u5927\u7684\u6da8\u5e45\u3002\u300d<\/p>\n<h3><strong>ETF \u72ec\u89d2\u620f\uff1a\u673a\u6784\u5927\u9cc4\u8fd8\u5728\u573a\u8fb9\u89c2\u671b<\/strong><\/h3>\n<p>\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u5e02\u573a\u7ed3\u6784\u5df2\u6084\u7136\u6539\u53d8\u3002\u5728\u521b\u4e0b\u5386\u53f2\u65b0\u9ad8\u540e\u7684\u51e0\u4e2a\u6708\u91cc\uff0c\u94fe\u4e0a\u6d3b\u52a8\u663e\u8457\u964d\u6e29\uff0c\u53d6\u800c\u4ee3\u4e4b\u7684\u662f ETF \u8d44\u91d1\u6d41\u5411\u6210\u4e3a\u5de6\u53f3\u5e01\u4ef7\u7684\u7edd\u5bf9\u4e3b\u529b\u3002<\/p>\n<p>Jim Ferraioli \u6307\u51fa\uff1a\u300c\u4ea4\u6613\u624b\u7eed\u8d39\u4f4e\u8ff7\u3001\u957f\u671f\u6301\u6709\u8005\u83b7\u5229\u4e86\u7ed3\uff0c\u52a0\u4e0a\u4ea4\u6613\u6240\u5185\u7684\u6bd4\u7279\u5e01\u4f59\u989d\u964d\u81f3\u4f4e\u70b9\uff0c\u73b0\u5728\u7684\u884c\u60c5\u8d70\u52bf\u5b8c\u5168\u662f\u7531 ETF \u8d44\u91d1\u6d41\u5411\u6240\u9a71\u52a8\u3002\u300d<\/p>\n<p>\u8fd9\u79cd\u7ed3\u6784\u8f6c\u53d8\u867d\u7136\u8ba9\u6295\u8d44\u6bd4\u7279\u5e01\u53d8\u5f97\u66f4\u4eb2\u6c11\uff0c\u4f46\u4e5f\u53ef\u80fd\u626d\u66f2\u4e86\u77ed\u671f\u7684\u5e02\u573a\u8baf\u53f7\u3002 Jim Ferraioli \u8865\u5145\u8bf4\uff1a<\/p>\n<blockquote>\n<p><strong>\u771f\u6b63\u7684\u673a\u6784\u5927\u6237\u5176\u5b9e\u8fd8\u6ca1\u5168\u9762\u8fdb\u573a\uff0c\u4e00\u65e6\u76f8\u5173\u7acb\u6cd5\u51fa\u53f0\uff0c\u624d\u6709\u53ef\u80fd\u63a8\u52a8\u6bd4\u7279\u5e01\u4ef7\u683c\u6301\u7eed\u4e0a\u6da8\u3002<\/strong><\/p>\n<\/blockquote>\n<h3><strong>\u300c\u52a0\u5bc6\u5bd2\u51ac\u300d\u6765\u88ad\uff1f<\/strong><\/h3>\n<p>Hyperion DeFi \u6267\u884c\u957f Hyunsu Jung \u5219\u6307\u51fa\uff0c\u6bd4\u7279\u5e01\u7684\u53d9\u4e8b\u903b\u8f91\u6b63\u5728\u53d8\u52a8\u3002\u968f\u8457\u5e74\u521d\u7684 ETF \u8d44\u91d1\u6f6e\u9000\u53bb\uff0c\u6570\u4f4d\u8d44\u4ea7\u76f8\u8f83\u4e8e\u5176\u4ed6\u8d44\u4ea7\u7c7b\u522b\u663e\u5f97\u9eef\u7136\u5931\u8272\u3002\u5728\u7f3a\u4e4f\u65b0\u4e00\u6ce2\u673a\u6784\u8d44\u91d1\u6216\u603b\u4f53\u7ecf\u6d4e\u8f6c\u5411\uff08\u5982\u964d\u606f\uff09\u7684\u60c5\u51b5\u4e0b\uff0c\u4ed6\u9884\u671f\uff0c\u6bd4\u7279\u5e01\u5c06\u7ef4\u6301\u300c\u6a2a\u76d8\u6574\u7406\u300d\u3002<\/p>\n<p>\u91d1\u878d\u79d1\u6280\u516c\u53f8 Fold \u6267\u884c\u957f Will Reeves \u7684\u770b\u6cd5\u5219\u66f4\u4e3a\u76f4\u63a5\uff0c\u4ed6\u8ba4\u4e3a\u8fd9\u7eaf\u7cb9\u662f\u300c\u4f9b\u9700\u5468\u671f\u300d\u7684\u95ee\u9898\uff1a<\/p>\n<blockquote>\n<p><strong>\u6bd4\u7279\u5e01\u76ee\u524d\u5904\u4e8e\u4e25\u91cd\u88ab\u4f4e\u4f30\u7684\u72b6\u6001\uff0c\u5e02\u573a\u6b63\u7b49\u5f85\u5356\u538b\u5ba3\u6cc4\u5b8c\u6bd5\uff0c\u4ee5\u53ca\u65b0\u4e00\u6ce2\u4e70\u76d8\u8fdb\u573a\u63a5\u624b\u3002<\/strong><\/p>\n<\/blockquote>\n<p>\u81f3\u4e8e\u5e02\u573a\u662f\u5426\u5df2\u6b65\u5165\u65b0\u4e00\u8f6e\u300c\u52a0\u5bc6\u5bd2\u51ac\u300d\uff0c\u5404\u65b9\u770b\u6cd5\u4ecd\u5b58\u5728\u5206\u6b67\u3002 Jim Ferraioli \u8868\u793a\uff1a\u300c\u6309\u7167\u4f20\u7edf\u5b9a\u4e49\uff0c\u6bd4\u7279\u5e01\u65e0\u7591\u6b63\u5904\u4e8e\u718a\u5e02\u4e4b\u4e2d\u3002\u4f46\u8003\u8651\u5230\u6bd4\u7279\u5e01\u7684\u9ad8\u6ce2\u52a8\u6027\uff0c\u51fa\u73b0 30% \u7684\u4fee\u6b63\u5176\u5b9e\u4e5f\u5e76\u4e0d\u7f55\u89c1\u3002\u300d<\/p>\n<p>\u867d\u7136\u6bd4\u7279\u5e01\u4e0e\u7f8e\u80a1\u603b\u662f\u5b58\u5728\u67d0\u79cd\u7a0b\u5ea6\u7684\u8fde\u52a8\uff0c\u4f46\u5b83\u4ecd\u6709\u81ea\u5df1\u7684\u9a71\u52a8\u529b\uff1a\u8d27\u5e01\u4f9b\u5e94\u91cf\u3001\u901a\u7f29\u578b\u7684\u4f9b\u5e94\u589e\u957f\u673a\u5236\uff0c\u4ee5\u53ca\u6700\u91cd\u8981\u7684\u91c7\u7528\u7387\u3002\u800c\u91c7\u7528\u7387\u80fd\u5426\u7a81\u7834\uff0c\u6b63\u662f\u4eca\u5e74\u6700\u5927\u7684\u95ee\u53f7\u3002<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"4Qq8zCRrI0\">\n<p>MICA Daily\uff5c\u9884\u6d4b\u5e02\u573a\u518d\u62bc\u6ce8\u4e2d\u4e1c\u5c40\u52bf\u6076\u5316\uff0c\u63d0\u9632\u5468\u672b\u5e02\u573a\u52a8\u8361<\/p>\n<\/blockquote>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u5386\u7ecf 2025 \u5e74 10 \u3001 11 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[&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":972,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-971","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\/971","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=971"}],"version-history":[{"count":0,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/971\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/media\/972"}],"wp:attachment":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}