{"id":4437,"date":"2026-10-24T03:33:36","date_gmt":"2026-10-23T19:33:36","guid":{"rendered":"https:\/\/www.ydsw.net\/?p=4437"},"modified":"2026-10-24T03:33:36","modified_gmt":"2026-10-23T19:33:36","slug":"%e5%b1%b1%e5%af%a8%e5%ad%a3%e8%99%bd%e8%bf%9f%e4%bd%86%e4%bc%9a%e5%88%b0%ef%bc%9f%e6%9c%ba%e6%9e%84%e8%b5%84%e9%87%91%e6%88%96%e6%88%90%e8%bd%ae%e5%8a%a8%e6%96%b0%e7%aa%81%e7%a0%b4%e5%8f%a3-2","status":"publish","type":"post","link":"https:\/\/www.gzmgg.com\/?p=4437","title":{"rendered":"\u5c71\u5be8\u5b63\u867d\u8fdf\u4f46\u4f1a\u5230\uff1f\u673a\u6784\u8d44\u91d1\u6216\u6210\u8f6e\u52a8\u65b0\u7a81\u7834\u53e3\u200b\u200b"},"content":{"rendered":"

\u4f5c\u8005\uff1aBybit Research<\/strong><\/p>\n

\u4e3b\u8981\u4eae\u70b9<\/strong>\uff1a<\/p>\n

\u6211\u4eec\u6700\u65b0\u7684\u5b63\u5ea6\u62a5\u544a\u663e\u793a\uff0c\u4e0e\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u5386\u53f2\u5468\u671f\u5b58\u5728\u660e\u663e\u504f\u5dee\uff1a\u6bd4\u7279\u5e01\u6301\u7eed\u5360\u636e\u4e3b\u5bfc\u5730\u4f4d\uff0c\u5c3d\u7ba1\u5386\u53f2\u6700\u9ad8\u70b9\u591a\u6b21\u51fa\u73b0\uff0c\u4f46\u5e76\u672a\u5f15\u53d1\u4f20\u7edf\u7684\u6de1\u5b63\u3002<\/p>\n

\u5728\u4e4b\u524d\u7684\u51cf\u534a\u540e\u53cd\u5f39\u4e2d\uff0c\u7531\u4e8e\u4ea4\u6613\u8005\u5bfb\u6c42\u66f4\u9ad8\u7684 Beta \u655e\u53e3\uff0c\u8d44\u91d1\u901a\u5e38\u5df2\u8f6e\u6362\u4e3a\u5176\u4ed6\u5e01\u3002\u7136\u800c\uff0c\u5728\u5f53\u524d\u5468\u671f\u4e2d\uff0cBTC \u7684\u4e3b\u5bfc\u5730\u4f4d\u4ecd\u5904\u4e8e\u4e0a\u5347\u72b6\u6001\uff0c\u800c\u53e6\u7c7b\u5e01\u7684\u8868\u73b0\u4e5f\u96be\u4ee5\u53d6\u5f97\u663e\u8457\u8868\u73b0\u3002\u8fd9\u79cd\u8f6c\u53d8\u4e3b\u8981\u5f52\u56e0\u4e8e\u673a\u6784\u6295\u8d44\u8005\u65e5\u76ca\u589e\u957f\u7684\u5f71\u54cd\u3002\u968f\u7740ETF\u3001\u4f01\u4e1a\u8d44\u91d1\u548c\u8d44\u4ea7\u7ba1\u7406\u8005\u8fdb\u5165\u8fd9\u4e00\u9886\u57df\uff0c\u6bd4\u7279\u5e01\u5df2\u6210\u4e3a\u53d7\u76d1\u7ba1\u655e\u53e3\u7684\u9996\u9009\u5de5\u5177\u3002<\/p>\n

<\/span>\u5c71\u5be8\u5e01\u8d5b\u5b63\u5373\u5c06\u5230\u6765\uff1f \u5982\u679c\u51fa\u73b0\u8fd9\u79cd\u60c5\u51b5\uff0c\u5219\u5ef6\u8fdf<\/h3>\n

\"\"<\/em><\/p>\n

\u56fe 1. ETH \u5728\u5386\u53f2\u51cf\u534a\u4e8b\u4ef6\u524d\u540e\uff08\u4e0d\u5305\u62ec 2012 \u5e74\uff09\u5360\u975e\u7a33\u5b9a\u5e01\u52a0\u5bc6\u8d27\u5e01<\/pre>\n
\u603b\u5e02\u503c\u7684\u6bd4\u4f8b\u3002\u6765\u6e90\uff1aCoinGecko\u3001Block Scholes<\/p>\n
\u867d\u7136\u5c71\u5be8\u5e01\u5b63\u8282\u5c1a\u672a\u5728\u8fd9\u4e2a\u5468\u671f\u5185\u5b9e\u73b0\uff0c\u4f46\u5e02\u573a\u884c\u60c5\u6b63\u5728\u9010\u6b65\u8c03\u6574\uff0c\u4ee5\u5b9e\u73b0\u66f4\u5236\u5ea6\u5316\u7684\u8f6e\u6362\u3002\u81ea 2025 \u5e74 4 \u6708\u4ee5\u6765\uff0c\u5728 ETF \u5927\u91cf\u6d8c\u5165\u548c\u76d1\u7ba1\u900f\u660e\u5ea6\u4e0d\u65ad\u63d0\u9ad8\u7684\u652f\u6301\u4e0b\uff0c\u4ee5\u592a\u574a\u7684\u8868\u73b0\u4f18\u4e8e\u5927\u591a\u6570\u53e6\u7c7b\u5e01\uff0c\u5c24\u5176\u662f\u5728\u8d28\u62bc\u65b9\u9762\u3002<\/p>\n
\u7136\u800c\uff0c\u5c71\u5be8\u5e01\u7684\u5e7f\u5ea6\u4ecd\u7136\u75b2\u8f6f\uff0cETH \u7684\u5e02\u573a\u4efd\u989d\u4ecd\u4f4e\u4e8e\u5386\u53f2\u5c71\u5ce6\u5b63\u7684\u5cf0\u503c\u3002\u5ef6\u8fdf\u8f6e\u6362\u5f52\u56e0\u4e8e\u5e02\u573a\u53c2\u4e0e\u7684\u7ed3\u6784\u6027\u53d8\u5316\uff0c\u673a\u6784\u66f4\u503e\u5411\u4e8e\u5927\u76d8\u8d44\u4ea7\u548c\u66f4\u957f\u7684\u6301\u6709\u671f\u3002\u8d28\u62bc\u578b ETH ETF \u7684\u6f5c\u5728\u6279\u51c6\u53ef\u80fd\u6210\u4e3a\u50ac\u5316\u5242\uff0c\u6807\u5fd7\u7740\u5411\u66f4\u5177\u9009\u62e9\u6027\u3001\u4ee5\u8d28\u91cf\u4e3a\u5bfc\u5411\u7684\u66ff\u4ee3\u5b63\u8f6c\u53d8\u3002<\/p>\n
<\/span>\u5c3d\u7ba1\u6bd4\u7279\u5e01\u4e0a\u6da8\u548c\u4e0b\u8dcc\uff0c\u4f46\u6bd4\u7279\u5e01\u4ecd\u4e0d\u4f1a\u53d7\u5230\u6311\u6218<\/h3>\n
\"\"<\/p>\n
\u56fe 2. \u5728\u5386\u53f2\u51cf\u534a\u4e8b\u4ef6\u524d\u540e\uff08\u4e0d\u5305\u62ec 2012 \u5e74\uff09\uff0cBTC \u5360\u636e\u4e3b\u5bfc\u5730\u4f4d\u3002<\/pre>\n
\u6765\u6e90\uff1aCoinGecko\u3001Block Scholes<\/p>\n
\u6bd4\u7279\u5e01\u5728\u52a0\u5bc6\u8d27\u5e01\u751f\u6001\u7cfb\u7edf\u4e2d\u7684\u4f5c\u7528\u6b63\u5728\u53d1\u751f\u53d8\u5316\u3002\u5176\u4e3b\u5bfc\u5730\u4f4d\u4ecd\u4fdd\u6301\u8f83\u9ad8\u6c34\u5e73\uff0c\u53cd\u6620\u4e86\u5176\u4f5c\u4e3a\u673a\u6784\u6295\u8d44\u8005\u7684\u5b8f\u89c2\u8d44\u4ea7\u7684\u5438\u5f15\u529b\u65e5\u76ca\u589e\u5f3a\u3002BTC \u73b0\u8d27 ETF \u7684\u4e0a\u7ebf\u5e26\u6765\u4e86\u66f4\u7a33\u5b9a\u7684\u957f\u671f\u8d44\u672c\uff0c\u964d\u4f4e\u4e86\u6ce2\u52a8\u6027\uff0c\u6291\u5236\u4e86\u6295\u673a\u6027\u6d41\u5165\u53e6\u7c7b\u5e01\u3002BTC \u73b0\u5728\u4f5c\u4e3a\u66ff\u4ee3\u5b63\u7684\u5468\u671f\u6027\u89e6\u53d1\u56e0\u7d20\u53d1\u6325\u4f5c\u7528\u8f83\u5c11\uff0c\u800c\u4f5c\u4e3a\u6d41\u52a8\u6027\u951a\u70b9\u7684\u5468\u671f\u6027\u89e6\u53d1\u56e0\u7d20\u5219\u66f4\u591a\u3002\u5176\u4e0e\u4f20\u7edf\u98ce\u9669\u8d44\u4ea7\u7684\u76f8\u5173\u6027\u6709\u6240\u589e\u52a0\uff0c\u8fd9\u8868\u660e\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u4e0e\u5168\u7403\u5b8f\u89c2\u73af\u5883\u76f8\u6bd4\uff0c\u4e0e\u52a0\u5bc6\u8d27\u5e01\u539f\u751f\u60c5\u7eea\u76f8\u6bd4\uff0c\u66f4\u7b26\u5408\u5168\u7403\u5b8f\u89c2\u73af\u5883\u3002<\/p>\n
<\/span>\u5982\u679c\u5c71\u5be8\u5e01\u5b63\u5c1a\u672a\u5230\u6765\uff0c\u6211\u4eec\u4ec0\u4e48\u65f6\u5019\u53ef\u4ee5\u671f\u5f85\uff1f<\/h3>\n
\"\"<\/p>\n
\u56fe 3. 2023 \u5e74 11 \u6708\u81f3 2025 \u5e74 2 \u6708\uff0c\u6309 BTC\uff08\u6a59\u8272\uff09\u3001ETH\uff08\u7d2b\u8272\uff09\u548c\u6240\u6709\u5176\u4ed6\u52a0\u5bc6\u8d27\u5e01\uff08\u7ea2\u8272\uff09\u7edf\u8ba1\u7684\u52a0\u5bc6\u8d27\u5e01\u975e\u7a33\u5b9a\u5e01\u5e02\u503c\u5360\u603b\u5e02\u503c\u5206\u4eab\u6bd4\u4f8b\uff0c\u975e\u7a33\u5b9a\u5e01\u5e02\u503c\u6309\u5bf9\u6570\u8ba1\u7b97\uff08\u767d\u8272\uff0c\u53f3\u8f74\uff09\u3002\u6765\u6e90\uff1aCoinGecko\u3001Block Scholes<\/pre>\n
\u7533\u8d2d\u8005\u5e94\u6ce8\u610f\u51e0\u4e2a\u4e3b\u8981\u6307\u6807\uff0c\u4ee5\u671f\u5b9e\u73b0\u53e6\u7c7b\u4ea4\u6613\u548c\u66f4\u5e7f\u6cdb\u7684\u5e02\u573a\u8f6e\u6362\uff1a<\/p>\n
    \n
  • \n
    ETF \u6d41\u5165 ETH \u548c\u4efb\u4f55\u672a\u6765\u652f\u6301\u8d28\u62bc\u7684\u4ea7\u54c1\uff0c\u662f\u673a\u6784\u60c5\u7eea\u7684\u5173\u952e\u4fe1\u53f7\u3002<\/p>\n<\/li>\n
  • \n
    \u5168\u7403\u6d41\u52a8\u6027\u6307\u6807\u3001\u592e\u884c\u5229\u7387\u9884\u671f\u548c\u80a1\u5e02\u8868\u73b0\u4e3a\u98ce\u9669\u884c\u4e3a\u63d0\u4f9b\u4e86\u5b8f\u89c2\u80cc\u666f\u3002<\/p>\n<\/li>\n
  • \n
    \u5728\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u4e2d\uff0cETH \u5360\u4e3b\u5bfc\u5730\u4f4d\u7684\u4e0d\u65ad\u63d0\u5347\u3001\u5bf9\u5c71\u5be8\u5e01\u884d\u751f\u54c1\u7684\u5f00\u653e\u5174\u8da3\u4e0d\u65ad\u6269\u5927\u4ee5\u53ca\u4e2d\u76d8\u8d44\u4ea7\u7684\u5e7f\u5ea6\u4e0d\u65ad\u6269\u5927\uff0c\u8fd9\u4e9b\u90fd\u662f\u5173\u952e\u6280\u672f\u6807\u5fd7\u3002<\/p>\n<\/li>\n<\/ul>\n
    \u4ea4\u6613\u8005\u8fd8\u5e94\u76d1\u63a7\u6ce2\u52a8\u7387\u5206\u6563\u548c\u8d44\u91d1\u8d39\u7387\u53d8\u5316\uff0c\u800c\u6ce2\u52a8\u7387\u5206\u6563\u548c\u8d44\u91d1\u8d39\u7387\u53d8\u5316\u53ef\u80fd\u4f1a\u5148\u4e8e\u8d44\u672c\u8f6c\u5411\u66f4\u9ad8 β \u7684\u53e6\u7c7b\u5e01\u3002<\/p>\n
    \u514d\u8d23\u58f0\u660e\uff1a\u672c\u6587\u7ae0\u4ec5\u4ee3\u8868\u4f5c\u8005\u4e2a\u4eba\u89c2\u70b9\uff0c\u4e0d\u4ee3\u8868\u672c\u5e73\u53f0\u7684\u7acb\u573a\u548c\u89c2\u70b9\u3002\u672c\u6587\u7ae0\u4ec5\u4f9b\u4fe1\u606f\u5206\u4eab\uff0c\u4e0d\u6784\u6210\u5bf9\u4efb\u4f55\u4eba\u7684\u4efb\u4f55\u6295\u8d44\u5efa\u8bae\u3002\u7528\u6237\u4e0e\u4f5c\u8005\u4e4b\u95f4\u7684\u4efb\u4f55\u4e89\u8bae\uff0c\u4e0e\u672c\u5e73\u53f0\u65e0\u5173\u3002\u5982\u7f51\u9875\u4e2d\u520a\u8f7d\u7684\u6587\u7ae0\u6216\u56fe\u7247\u6d89\u53ca\u4fb5\u6743\uff0c\u8bf7\u63d0\u4f9b\u76f8\u5173\u7684\u6743\u5229\u8bc1\u660e\u548c\u8eab\u4efd\u8bc1\u660e\u53d1\u9001\u90ae\u4ef6\u5230support@aicoin.com\uff0c\u672c\u5e73\u53f0\u76f8\u5173\u5de5\u4f5c\u4eba\u5458\u5c06\u4f1a\u8fdb\u884c\u6838\u67e5\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"
    \u4f5c\u8005\uff1aBybit Research \u4e3b\u8981\u4eae\u70b9\uff1a \u6211\u4eec\u6700\u65b0\u7684\u5b63\u5ea6\u62a5\u544a\u663e\u793a\uff0c\u4e0e\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u5386\u53f2\u5468\u671f\u5b58\u5728\u660e\u663e\u504f\u5dee\uff1a\u6bd4…<\/p>\n","protected":false},"author":2,"featured_media":2710,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-4437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts\/4437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4437"}],"version-history":[{"count":1,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts\/4437\/revisions"}],"predecessor-version":[{"id":7069,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/posts\/4437\/revisions\/7069"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=\/wp\/v2\/media\/2710"}],"wp:attachment":[{"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gzmgg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}