{"id":1074,"date":"2025-05-13T22:17:19","date_gmt":"2025-05-13T14:17:19","guid":{"rendered":"https:\/\/www.db-hk.com\/?p=1074"},"modified":"2025-05-13T22:17:19","modified_gmt":"2025-05-13T14:17:19","slug":"%e6%af%94%e7%89%b9%e5%b8%81%e6%9c%80%e5%a4%a7%e7%9a%8410%e4%b8%aa%e6%8c%81%e6%9c%89%e8%80%85%e5%ae%9e%e4%bd%93%e6%98%af%e8%b0%81%ef%bc%9f","status":"publish","type":"post","link":"http:\/\/www.fubairui.net\/?p=1074","title":{"rendered":"\u6bd4\u7279\u5e01\u6700\u5927\u768410\u4e2a\u6301\u6709\u8005\u5b9e\u4f53\u662f\u8c01\uff1f"},"content":{"rendered":"

\u5728\u8fc7\u53bb\u5341\u5e74\u4e2d\uff0c\u5927\u91cf\u6bd4\u7279\u5e01\u6d41\u5165\u4e86\u4e2d\u5fc3\u5316\u4ea4\u6613\u5e73\u53f0\u3001\u4e0a\u5e02\u548c\u79c1\u8425\u516c\u53f8\u3001\u653f\u5e9c\u3001\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1 (ETF) \u4ee5\u53ca WBTC \u7b49\u884d\u751f\u4ee3\u5e01\u9879\u76ee\u3002\u672c\u6587\u5c06\u6df1\u5165\u5206\u6790\u6301\u6709\u6bd4\u7279\u5e01\u6700\u591a\u7684\u5341\u5927\u5b9e\u4f53\u3002<\/p>\n

\u8c03\u67e5\u524d\u5341\u5927\u6bd4\u7279\u5e01\u6301\u6709\u8005<\/strong><\/p>\n

\u636e Cryptoquant \u7684\u6570\u636e\u663e\u793a\uff0c\u5f53\u524d\u4e2d\u5fc3\u5316\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240\u6301\u6709\u7ea6 2,581,607.09 \u679a\u6bd4\u7279\u5e01\u3002\u4ece\u8d8b\u52bf\u4e0a\u770b\uff0c\u4ea4\u6613\u6240\u7684\u6bd4\u7279\u5e01\u6301\u6709\u91cf\u81ea 2022 \u5e74\u4ee5\u6765\u4e00\u76f4\u5728\u4e0b\u964d\uff0c\u4f46\u4f9d\u7136\u9ad8\u51fa 2015-2017 \u5e74\u671f\u95f4\u4ea4\u6613\u6240\u7684\u6bd4\u7279\u5e01\u6301\u6709\u91cf\u30022017 \u5e74 1 \u6708 1 \u65e5\uff0cCryptoquant \u8bb0\u5f55\u7684\u8fd9\u4e9b\u5e73\u53f0\u4e0a\u5b58\u50a8\u7684\u6bd4\u7279\u5e01\u4ec5\u4e3a 117 \u4e07\u679a\u3002\u9664\u4e86\u4ea4\u6613\u6240\u5916\uff0c2020 \u5e74\u4ee5\u6765 ETF\u3001DeFi \u9879\u76ee\u3001\u653f\u5e9c\u3001\u79c1\u8425\u548c\u4e0a\u5e02\u516c\u53f8\u7684\u6bd4\u7279\u5e01\u6301\u6709\u91cf\u4e5f\u5728\u4e0d\u65ad\u589e\u52a0\u3002<\/p>\n

\"\u6bd4\u7279\u5e01\u6700\u5927\u768410\u4e2a\u6301\u6709\u8005\u5b9e\u4f53\u662f\u8c01\uff1f\"\"\u6bd4\u7279\u5e01\u6700\u5927\u768410\u4e2a\u6301\u6709\u8005\u5b9e\u4f53\u662f\u8c01\uff1f\"<\/figure>\n

\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u6bd4\u7279\u5e01\u6301\u6709\u91cf<\/p>\n

\u5728\u5bf9 2009 \u5e74\u81f3 2012 \u5e74\u672a\u52a8\u7528\u7684 Coinbase \u533a\u5757\u5956\u52b1\u8fdb\u884c\u7814\u7a76\u540e\uff0c\u6211\u4eec\u51b3\u5b9a\u5bf9\u6bd4\u7279\u5e01\u524d\u5341\u5927\u6301\u6709\u8005\u5b9e\u4f53\u8fdb\u884c\u6df1\u5165\u5206\u6790\u3002\u4e0e\u6b64\u524d\u7684\u7814\u7a76\u4e00\u6837\uff0c\u672c\u6b21\u7814\u7a76\u5229\u7528 timechainindex.com \u83b7\u53d6\u94fe\u4e0a\u6570\u636e\uff0c\u4f46\u6211\u4eec\u7684\u7814\u7a76\u4e0d\u5305\u62ec\u672a\u52a8\u7528\u7684\u533a\u5757\u5956\u52b1\u548c\u88ab\u79f0\u4e3a\u300cX\u300d\u7684\u672a\u77e5\u4e2a\u4eba\u3002\u7814\u7a76\u5bf9\u8c61\u5305\u62ec\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u653f\u5e9c\u3001\u516c\u53f8\u548c ETP\u3002\u6570\u636e\u663e\u793a\uff0c\u622a\u81f3 2024 \u5e74 9 \u6708 22 \u65e5\uff0cCoinbase \u662f\u6700\u5927\u7684\u6bd4\u7279\u5e01\u6301\u6709\u8005\u5b9e\u4f53\u3002<\/p>\n

Coinbase \u5728 145,491 \u4e2a\u5730\u5740\u5171\u6301\u6709 1,051,650.41 \u679a\u6bd4\u7279\u5e01\uff0c\u4ef7\u503c 664 \u4ebf\u7f8e\u5143\u3002Binance \u662f\u6301\u6709\u6bd4\u7279\u5e01\u7b2c\u4e8c\u591a\u7684\u5b9e\u4f53\uff0c\u5b83\u6301\u6709 765,072.92 \u679a\u6bd4\u7279\u5e01\uff0c\u5206\u5e03\u5728 120,528 \u4e2a\u5730\u5740\u4e2d\u3002Bitfinex \u662f\u7b2c\u4e09\u5927\u6301\u6709\u8005\uff0c\u8be5\u4ea4\u6613\u6240\u5728 2,161 \u4e2a\u94b1\u5305\u4e2d\u6301\u6709 359,687.52 \u679a\u6bd4\u7279\u5e01\u3002\u6392\u540d\u7b2c\u56db\u7684\u662f\u8d1d\u83b1\u5fb7\uff0c\u5b83\u62e5\u6709 357,550.21 \u679a\u6bd4\u7279\u5e01\uff0c\u5206\u5e03\u5728 760 \u4e2a\u5730\u5740\u4e2d\u3002\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u8d1d\u83b1\u5fb7\u7684\u6bd4\u7279\u5e01\u7531 Coinbase Custody \u4fdd\u7ba1\u3002<\/p>\n

\"\u6bd4\u7279\u5e01\u6700\u5927\u768410\u4e2a\u6301\u6709\u8005\u5b9e\u4f53\u662f\u8c01\uff1f\"\"\u6bd4\u7279\u5e01\u6700\u5927\u768410\u4e2a\u6301\u6709\u8005\u5b9e\u4f53\u662f\u8c01\uff1f\"<\/figure>\n

\u6570\u636e\u6765\u6e90\uff1atimechainindex.com \u548c Microstrategy\u00a0<\/p>\n

\u636e Microstrategy \u58f0\u79f0\uff0c\u8be5\u516c\u53f8\u6301\u6709 252,220 \u679a\u6bd4\u7279\u5e01\uff0c\u5b83\u7684\u6301\u6709\u91cf\u6392\u5728 BlackRock \u4e4b\u540e\uff0c\u4f4d\u5c45\u7b2c\u4e94\uff0c\u4f46\u6211\u4eec\u7814\u7a76\u7684\u6570\u636e\u53ea\u7edf\u8ba1\u5230 Microstrategy \u5728 501 \u4e2a\u94b1\u5305\u4e2d\u6301\u6709\u7684 213,996.14 \u679a\u6bd4\u7279\u5e01\u3002\u6392\u540d\u7b2c\u516d\u7684\u662f Kraken\uff0c\u5b83\u6301\u6709 237,900.9 \u679a\u6bd4\u7279\u5e01\uff0c\u8d44\u91d1\u5b58\u50a8\u5728 78,023 \u4e2a\u94b1\u5305\u4e2d\u3002\u7b2c\u4e03\u5927\u6bd4\u7279\u5e01\u6301\u6709\u8005\u662f Grayscale \u7684 GBTC\uff0c\u6301\u6709 220,439.82 \u679a\u6bd4\u7279\u5e01\uff0c\u4e5f\u7531 Coinbase Custody \u6258\u7ba1\u3002<\/p>\n

\u7f8e\u56fd\u653f\u5e9c\u4f4d\u5c45\u7b2c\u516b\uff0c\u6301\u6709 204,302.34 \u679a\u6bd4\u7279\u5e01\uff0c\u5b58\u50a8\u5728 125 \u4e2a\u4e0d\u540c\u7684\u94b1\u5305\u4e2d\u3002\u5bcc\u8fbe\u7684 FBTC \u57fa\u91d1\u4f7f\u7528\u81ea\u5df1\u7684\u6258\u7ba1\u89e3\u51b3\u65b9\u6848\u5b58\u50a8\u6bd4\u7279\u5e01\uff0c\u5b83\u6301\u6709 178,191.25 \u679a\u6bd4\u7279\u5e01\uff0c\u5b58\u50a8\u5728 562 \u4e2a\u94b1\u5305\u4e2d\u3002\u6700\u540e\u4e00\u4e2a\u4e5f\u5c31\u662f\u7b2c\u5341\u5927\u6bd4\u7279\u5e01\u6301\u6709\u8005\u662f WBTC \u9879\u76ee\uff0c\u8be5\u9879\u76ee\u4ee5 1:1 \u7684\u6bd4\u4f8b\u50a8\u5907\u6bd4\u7279\u5e01\uff0c\u7136\u540e\u94f8\u9020\u884d\u751f ERC20 \u4ee3\u5e01\uff0c\u5b83\u7684\u6bd4\u7279\u5e01\u5b58\u653e\u5728 948 \u4e2a\u94b1\u5305\u4e2d\u3002<\/p>\n

\u6bd4\u7279\u5e01\u5728\u5341\u5927\u6301\u6709\u5b9e\u4f53\u4e2d\u7684\u5206\u5e03\u51f8\u663e\u4e86\u673a\u6784\u5bf9\u8be5\u8d44\u4ea7\u65e5\u76ca\u589e\u957f\u7684\u5174\u8da3\u3002\u5b83\u8fd8\u8868\u660e\uff0c\u8bb8\u591a\u7528\u6237\u4ecd\u5728\u4f7f\u7528 CEX \u5e73\u53f0\u6765\u4ea4\u6613\u548c\u5b58\u50a8\u4ed6\u4eec\u7684\u6bd4\u7279\u5e01\u3002\u968f\u7740\u6bd4\u7279\u5e01\u9010\u6e10\u878d\u5165\u4ece\u653f\u5e9c\u5230\u4e0a\u5e02\u516c\u53f8\u7684\u5404\u4e2a\u9886\u57df\uff0c\u5b83\u51f8\u663e\u4e86\u5f53\u524d\u4ece\u4e2a\u4eba\u6240\u6709\u6743\u5411\u66f4\u5927\u3001\u66f4\u96c6\u4e2d\u7684\u6301\u6709\u7684\u8f6c\u53d8\u3002\u8fd9\u4e00\u8d8b\u52bf\u53ef\u80fd\u4f1a\u5f71\u54cd\u6bd4\u7279\u5e01\u672a\u6765\u7684\u6d41\u52a8\u6027\u548c\u53ef\u8bbf\u95ee\u6027\uff0c\u5c24\u5176\u662f\u5728 ETF \u548c\u673a\u6784\u6258\u7ba1\u89e3\u51b3\u65b9\u6848\u4e0d\u65ad\u6269\u5c55\u7684\u8d8b\u52bf\u4e0b\u3002<\/p>\n

CEX \u6301\u6709\u91cf\u9738\u699c\u524d\u4e09\uff0c\u7528\u6237\u9700\u6ce8\u610f\u98ce\u9669<\/strong><\/p>\n

\u9700\u8981\u5f3a\u8c03\u7684\u662f\uff0c\u5c3d\u7ba1 Coinbase \u6258\u7ba1\u7740\u7f8e\u56fd ETF \u6301\u6709\u7684\u4e09\u5206\u4e4b\u4e8c\u7684\u6bd4\u7279\u5e01\uff0c\u524d\u4e09\u5927\u4ea4\u6613\u6240\u7ba1\u7406\u7740\u6700\u5927\u7684\u6bd4\u7279\u5e01\u50a8\u5907\uff0c\u4f46\u8fd9\u4e9b\u8d44\u4ea7\u4e2d\u7684\u5927\u90e8\u5206\u5c5e\u4e8e\u6563\u6237\u6295\u8d44\u8005\u548c\u9ad8\u51c0\u503c\u4e2a\u4eba\u3002\u8fd9\u4e9b\u8d44\u91d1\u662f\u5ba2\u6237\u8d44\u4ea7\uff0c\u4f46\u4ea4\u6613\u6240\u4ecd\u5bf9\u5176\u62e5\u6709 100% \u7684\u5b8c\u5168\u63a7\u5236\u6743\u3002\u5982\u679c\u53d1\u751f\u8fdd\u89c4\u884c\u4e3a\u5e76\u4e14\u4ed6\u4eec\u7684\u51b7\u94b1\u5305\u88ab\u76d7\uff0c\u4ea4\u6613\u6240\u8981\u4e48\u8d54\u507f\u5ba2\u6237\uff0c\u8981\u4e48\u5012\u95ed\uff0c\u8ba9\u7528\u6237\u627f\u62c5\u5176\u7ba1\u7406\u4e0d\u5584\u7684\u540e\u679c\u3002<\/p>\n

\u8fd9\u5c31\u662f\u4e3a\u4ec0\u4e48\u5341\u591a\u5e74\u6765\u4e00\u76f4\u63a8\u8350\u4f7f\u7528\u975e\u6258\u7ba1\u94b1\u5305\u89e3\u51b3\u65b9\u6848\u7684\u539f\u56e0\uff0c\u5b83\u4eec\u8ba9\u7528\u6237\u5b8c\u5168\u63a7\u5236\u81ea\u5df1\u7684\u8d44\u91d1\u3002\u867d\u7136\u4ea4\u6613\u6240\u9002\u5408\u4ea4\u6613\uff0c\u4f46\u81ea\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u5e73\u53f0\u51fa\u73b0\u4ee5\u6765\uff0c\u8bb8\u591a\u4ea4\u6613\u6240\u90fd\u906d\u5230\u8fc7\u9ed1\u5ba2\u653b\u51fb\uff0c\u800c\u4e14\u8fdd\u89c4\u884c\u4e3a\u4ecd\u5728\u7ee7\u7eed\u53d1\u751f\u3002\u4e3a\u4e86\u5b89\u5168\u8d77\u89c1\uff0c\u5efa\u8bae\u7528\u6237\u53ea\u4fdd\u7559\u4ed6\u4eec\u80fd\u627f\u53d7\u635f\u5931\u7684\u8d44\u91d1\u5728\u4ea4\u6613\u6240\u8fdb\u884c\u4ea4\u6613\uff0c\u540c\u65f6\u5c06\u5176\u4f59\u7684\u6570\u5b57\u8d44\u4ea7\u5b58\u653e\u5728\u975e\u6258\u7ba1\u94b1\u5305\u4e2d\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u5728\u8fc7\u53bb\u5341\u5e74\u4e2d\uff0c\u5927\u91cf\u6bd4\u7279\u5e01\u6d41\u5165\u4e86\u4e2d\u5fc3\u5316\u4ea4\u6613\u5e73\u53f0\u3001\u4e0a\u5e02\u548c\u79c1\u8425\u516c\u53f8\u3001\u653f\u5e9c\u3001\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1 (ETF) \u4ee5\u53ca WBTC […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1074","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/1074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1074"}],"version-history":[{"count":1,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/1074\/revisions"}],"predecessor-version":[{"id":2728,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/1074\/revisions\/2728"}],"wp:attachment":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1074"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}