{"id":4233,"date":"2026-09-11T13:09:36","date_gmt":"2026-09-11T05:09:36","guid":{"rendered":"https:\/\/www.sjzylove.com\/?p=4233"},"modified":"2026-09-11T13:09:36","modified_gmt":"2026-09-11T05:09:36","slug":"eth%e6%96%b0%e7%ba%aa%e5%85%83%ef%bc%9a%e4%b8%80%e5%9c%ba%e9%9a%90%e7%a7%98%e8%80%8c%e5%ae%8f%e5%a4%a7%e7%9a%84%e5%8e%86%e5%8f%b2%e6%80%a7%e6%8d%a2%e5%ba%84","status":"publish","type":"post","link":"https:\/\/www.zsmjt.com\/?p=4233","title":{"rendered":"ETH\u65b0\u7eaa\u5143\uff1a\u4e00\u573a\u9690\u79d8\u800c\u5b8f\u5927\u7684\u5386\u53f2\u6027\u201c\u6362\u5e84\u201d"},"content":{"rendered":"<div>\n<p>\u4ee5\u592a\u574a\u6b63\u5728\u7ecf\u5386\u4e00\u573a\u524d\u6240\u672a\u6709\u7684\u7ed3\u6784\u6027\u91cd\u5851\u2014\u2014\u4f20\u7edf\u91d1\u878d\u63a5\u76d8\uff0c\u52a0\u5bc6\u539f\u4f4f\u6c11\u5957\u73b0\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u673a\u6784\u6295\u8d44\u8005\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/08\/27\/1756262277881284.jpg\"><\/p>\n<p>\u65b0\u7684\u94fe\u4e0a\u6570\u636e\u8868\u660e\uff0cETH\u7684\u5e02\u573a\u4e3b\u5bfc\u529b\u91cf\u6b63\u4ece\u6563\u6237\u4e3b\u5bfc\u8f6c\u5411\u673a\u6784\u4e3b\u5bfc\u3002\u6563\u6237\u6295\u8d44\u8005\u6570\u91cf\u6301\u7eed\u521b\u4e0b\u8fd1\u5e74\u65b0\u4f4e\uff0c\u5df2\u964d\u81f3800\u4e07\u9644\u8fd1\uff1b\u4e0e\u6b64\u540c\u65f6\uff0c\u673a\u6784\u6295\u8d44\u8005\u6301\u5e01\u91cf\u5374\u5728\u8fd1\u671f\u8fce\u6765\u98d9\u5347\u3002<\/p>\n<p><img decoding=\"async\" alt=\"\u673a\u6784\u6295\u8d44\u8005\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/08\/27\/1756262277882543.jpg\"><\/p>\n<p>\u76ee\u524d\uff0c\u4f01\u4e1a\u8d22\u5e93\u548cETF\u5df2\u79ef\u7d2f\u8d85\u8fc71000\u4e07\u679aETH\uff0c\u4ef7\u503c\u8fd1400\u4ebf\u7f8e\u5143\uff0c\u5e76\u4e14\u6301\u7eed\u4e70\u5165\u7684\u8ff9\u8c61\u672a\u89c1\u505c\u6b62\u3002\u8fd9\u5f88\u53ef\u80fd\u6807\u5fd7\u7740ETH\u4ece\u201c\u5e01\u5708\u539f\u4f4f\u6c11\u201d\u4e3b\u5bfc\u7684\u6295\u673a\u8d44\u4ea7\u5411\u201c\u4f20\u7edf\u91d1\u878d\u5de8\u5934\u201d\u914d\u7f6e\u7684\u6210\u719f\u8d44\u4ea7\u201d\u7684\u5386\u53f2\u6027\u8f6c\u53d8\u3002<\/p>\n<h3><\/h3>\n<h3><strong style=\"color: inherit\">\u4e00\u3001\u534e\u5c14\u8857\u7684ETH\u89c9\u9192\uff1a\u4ece\u201c\u6570\u5b57\u9ec4\u91d12.0\u201d\u5230\u201c\u57fa\u7840\u8bbe\u65bdREITs\u201d<\/strong><\/h3>\n<h4><strong style=\"color: inherit\">1.1 \u673a\u6784\u8d44\u91d1\u7684\u53f2\u8bd7\u7ea7\u6d8c\u5165<\/strong><\/h4>\n<p><img decoding=\"async\" alt=\"\u673a\u6784\u6295\u8d44\u8005\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/08\/27\/1756262277884618.jpg\"><\/p>\n<p>\u534e\u5c14\u8857\u8d44\u672c\u5728\u77ed\u77ed\u4e00\u4e2a\u6708\u65f6\u95f4\u5c31\u8d85\u8d8a\u4e86\u6df1\u8015\u591a\u5e74\u7684\u4ee5\u592a\u574a\u57fa\u91d1\u4f1a\u548cCoinbase\u7b49\u5e01\u5708\u673a\u6784\u3002<\/p>\n<p>\u534e\u5c14\u8857\u5bf9ETH\u7684\u5174\u8da3\u6b63\u4ee5\u60ca\u4eba\u7684\u901f\u5ea6\u4ece\u89c2\u671b\u8f6c\u5411\u884c\u52a8\u3002<\/p>\n<ul>\n<li>ETF\u8d44\u91d1\u6d41\u5165\u521b\u7eaa\u5f55\uff1a \u4ec52025\u5e747\u6708\uff0c\u4ee5\u592a\u574aETF\u5c31\u5438\u5f15\u4e86\u9ad8\u8fbe47\u4ebf\u7f8e\u5143\u7684\u8d44\u91d1\u6d41\u5165\uff0c\u8fd9\u51e0\u4e4e\u662f\u5176\u81ea\u63a8\u51fa\u4ee5\u6765\u603b\u8d44\u91d1\u91cf\u7684\u4e24\u500d\u3002\u6708\u672b\uff0c\u5728\u6295\u8d44\u8005\u65a5\u8d4419\u4ebf\u7f8e\u5143\u8d2d\u4e70\u7684\u52a0\u5bc6\u8d27\u5e01ETF\u4e2d\uff0c\u4ee5\u592a\u574a\u5360\u6bd4\u8d85\u8fc784%\uff0c\u663e\u793a\u51fa\u538b\u5012\u6027\u7684\u8d44\u672c\u504f\u597d\u3002<\/li>\n<li>\u8d1d\u83b1\u5fb7\u7684\u660e\u786e\u7ad9\u961f\uff1a \u5168\u7403\u6700\u5927\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\u8d1d\u83b1\u5fb7\uff08BlackRock\uff097\u6708\u5355\u72ec\u589e\u6301\u4e8612\u4ebf\u7f8e\u5143\u7684ETH\uff0c\u800c\u540c\u671f\u5bf9BTC\u7684\u589e\u6301\u4ec5\u4e3a2.67\u4ebf\u7f8e\u5143\u3002\u8fd9\u4e0d\u4ec5\u4ec5\u662f\u8d44\u91d1\u7684\u914d\u7f6e\uff0c\u66f4\u662f\u534e\u5c14\u8857\u5bf9\u4ee5\u592a\u574a\u672a\u6765\u6f5c\u529b\u7684\u4ef7\u503c\u6295\u7968\u3002<\/li>\n<li>\u4f01\u4e1a\u8d22\u5e93\u7684\u8d44\u4ea7\u914d\u7f6e\u7ade\u8d5b\uff1a \u4eceBitmine Immersion Tech\uff08BMNR\uff09\u5230SharpLink Gaming\uff08SBET\uff09\uff0c\u534e\u5c14\u8857\u8d44\u672c\u5728\u77ed\u77ed\u4e00\u4e2a\u6708\u65f6\u95f4\u5c31\u5b8c\u6210\u4e86\u5bf9\u4ee5\u592a\u574a\u7684\u6218\u7565\u5efa\u4ed3\uff0c\u5176\u6301\u4ed3\u89c4\u6a21\u5df2\u8d85\u8d8a\u6df1\u8015\u591a\u5e74\u7684\u4ee5\u592a\u574a\u57fa\u91d1\u4f1a\u548cCoinbase\u7b49\u539f\u751f\u52a0\u5bc6\u673a\u6784\u3002\u8fd9\u8868\u660e\uff0cETH\u6b63\u88ab\u8fc5\u901f\u7eb3\u5165\u4f20\u7edf\u4f01\u4e1a\u7684\u8d44\u4ea7\u8d1f\u503a\u8868\u3002<\/li>\n<\/ul>\n<h4><strong style=\"color: inherit\">1.2 \u534e\u5c14\u8857\u7684ETH\u4f30\u503c\u65b0\u8303\u5f0f<\/strong><\/h4>\n<p>\u4f20\u7edf\u91d1\u878d\u5bf9ETH\u7684\u8ba4\u77e5\u903b\u8f91\u5df2\u4ece\u65e9\u671f\u7684\u201c\u6570\u5b57\u9ec4\u91d12.0\u201d\u6982\u5ff5\uff0c\u6f14\u8fdb\u4e3a\u66f4\u7cbe\u5bc6\u7684\u73b0\u91d1\u6d41\u9a71\u52a8\u578b\u4f30\u503c\u6846\u67b6\u3002<\/p>\n<ul>\n<li>\u4ece\u6295\u673a\u6807\u7684\u5230\u57fa\u7840\u8bbe\u65bd\u6295\u8d44\uff1a \u534e\u5c14\u8857\u6b63\u5728\u7528\u4f20\u7edf\u91d1\u878d\u7684\u8bed\u8a00\u91cd\u65b0\u5b9a\u4e49ETH\u7684\u4ef7\u503c\u3002\u5b83\u4e0d\u518d\u662f\u7b80\u5355\u7684\u4ef7\u503c\u5b58\u50a8\u5de5\u5177\uff0c\u800c\u662f\u6574\u4e2aWeb3\u7ecf\u6d4e\u7684\u201c\u71c3\u6599\u201d\u548c\u201c\u6536\u8d39\u7ad9\u201d\u3002Tom Lee\u5c06\u5176\u6bd4\u4f5c\u201c\u52a0\u5bc6\u7248\u672c\u7684\u57fa\u7840\u8bbe\u65bdREITs\u201d\uff0c\u8fd9\u4e00\u7c7b\u6bd4\u6b63\u5728\u534e\u5c14\u8857\u5185\u90e8\u83b7\u5f97\u8d8a\u6765\u8d8a\u591a\u7684\u8ba4\u540c\u3002<\/li>\n<li>\u73b0\u91d1\u6d41\u9a71\u52a8\u7684\u4f30\u503c\u903b\u8f91\uff1a \u4e0e\u6bd4\u7279\u5e01\u7684\u201c\u6570\u5b57\u9ec4\u91d1\u201d\u53d9\u4e8b\u4e0d\u540c\uff0c\u4ee5\u592a\u574a\u7f51\u7edc\u6bcf\u5e74\u4ea7\u751f\u6570\u5341\u4ebf\u7f8e\u5143\u7684\u771f\u5b9e\u6536\u5165\u3002\u4ec52024\u5e74\uff0c\u4ee5\u592a\u574a\u7f51\u7edc\u8d39\u7528\u6536\u5165\u5c31\u8d85\u8fc7\u4e8630\u4ebf\u7f8e\u5143\uff0c\u4e3a\u673a\u6784\u63d0\u4f9b\u4e86\u7c7b\u4f3c\u4f20\u7edf\u57fa\u7840\u8bbe\u65bd\u6295\u8d44\u7684\u5206\u6790\u6846\u67b6\uff0c\u4f7f\u5176\u53ef\u4ee5\u7528DCF\uff08\u73b0\u91d1\u6d41\u6298\u73b0\uff09\u6a21\u578b\u5bf9\u5176\u8fdb\u884c\u91cf\u5316\u4f30\u503c\u3002<\/li>\n<\/ul>\n<h3><\/h3>\n<h3><strong>\u4e8c\u3001\u5e01\u5708\u8001\u73a9\u5bb6\u7684\u9010\u6e10\u79bb\u573a\uff1a\u4e00\u573a\u5fc3\u7167\u4e0d\u5ba3\u7684\u201c\u89e3\u5957\u6f6e\u201d<\/strong><\/h3>\n<p><img decoding=\"async\" alt=\"\u673a\u6784\u6295\u8d44\u8005\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/08\/27\/1756262277884960.jpg\"><\/p>\n<p>\u534e\u5c14\u8857\u7684\u8fdb\u573a\uff0c\u6070\u597d\u4e0e\u53e6\u4e00\u80a1\u529b\u91cf\u7684\u79bb\u573a\u5b8c\u7f8e\u5951\u5408\u3002<\/p>\n<h4><strong>2.1 \u65e9\u671f\u6301\u6709\u8005\u7684\u7b56\u7565\u6027\u51cf\u4ed3<\/strong><\/h4>\n<p><img decoding=\"async\" alt=\"\u673a\u6784\u6295\u8d44\u8005\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/08\/27\/1756262277880286.jpg\"><\/p>\n<p>\u6570\u636e\u663e\u793a\uff0c\u5927\u91cf\u65e9\u671f\u4ee5\u592a\u574a\u6295\u8d44\u8005\u6b63\u5728\u8fdb\u884c\u7b56\u7565\u6027\u51cf\u4ed3\u3002\u4f20\u7edf\u7684\u52a0\u5bc6\u8d27\u5e01\u5de8\u9cb8\uff08\u6301\u670910\u4e07+ETH\u7684\u5730\u5740\uff09\u6570\u91cf\u4ece2020\u5e74\u7684200\u591a\u4e2a\u9aa4\u964d\u81f32025\u5e74\u7684\u7ea670\u4e2a\uff0c\u521b\u8fd1\u5341\u5e74\u65b0\u4f4e\u3002\u4ece\u5de8\u9cb8\u76d1\u6d4b\u6765\u770b\uff0c\u4e0d\u5c11\u5728ICO\u9636\u6bb5\u5c31\u6301\u6709ETH\u7684\u65e9\u671f\u652f\u6301\u8005\u4e5f\u660e\u663e\u52a0\u5feb\u4e86\u5c06\u4ee3\u5e01\u8f6c\u79fb\u5230\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u6b65\u4f10\uff0c\u5bfb\u6c42\u83b7\u5229\u4e86\u7ed3\u3002<\/p>\n<h4><strong>2.2 \u8d28\u62bc\u961f\u5217\u7684\u52a8\u6001\u5206\u5316<\/strong><\/h4>\n<p><img decoding=\"async\" alt=\"\u673a\u6784\u6295\u8d44\u8005\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/08\/27\/1756262277882942.jpg\"><\/p>\n<p>\u8fd1\u671fETH\u7f51\u7edc\u8d28\u62bc\u7684\u52a0\u5165\u548c\u9000\u51fa\u5e8f\u5217\u4ee3\u5e01\u6570\u90fd\u51fa\u73b0\u4e86\u8fd1\u4e24\u5e74\u7684\u65b0\u9ad8\u3002\u8fd9\u4e00\u73b0\u8c61\u53cd\u6620\u51fa\u5e02\u573a\u7684\u5206\u5316\u4e0e\u91cd\u7ec4\uff1a\u4e00\u65b9\u9762\uff0c\u65e9\u671f\u8d28\u62bc\u8005\u5728\u4ee5\u592a\u574a\u81ea4\u6708\u4f4e\u70b9\u53cd\u5f39\u540e\uff0c\u9009\u62e9\u89e3\u9501\u4ee3\u5e01\u5356\u51fa\u79bb\u573a\uff1b\u53e6\u4e00\u65b9\u9762\uff0c\u5982SharpLink Gaming\u548cBitMine Immersion\u7b49\u7f8e\u80a1\u516c\u53f8\u5927\u4e3e\u589e\u6301ETH\u5e76\u8fdb\u884c\u8d28\u62bc\uff0c\u5c06\u4ee3\u5e01\u4ece\u6d41\u901a\u5e02\u573a\u8f6c\u79fb\u81f3\u957f\u671f\u9501\u5b9a\u72b6\u6001\u3002<\/p>\n<h3><\/h3>\n<h3><strong>\u4e09\u3001\u6df1\u5c42\u9a71\u52a8\uff1a\u4e00\u573a\u7531\u591a\u91cd\u56e0\u7d20\u4ea4\u7ec7\u7684\u5386\u53f2\u6027\u79fb\u4ea4<\/strong><\/h3>\n<h4><strong>3.1 \u653f\u7b56\u7ea2\u5229\u7684\u5386\u53f2\u6027\u91ca\u653e<\/strong><\/h4>\n<p>\u7279\u6717\u666e\u6548\u5e94\u6301\u7eed\u53d1\u9175\uff1a \u81ea2024\u5e7411\u6708\u7f8e\u56fd\u5927\u9009\u7ed3\u679c\u660e\u786e\u540e\uff0c\u52a0\u5bc6\u8d27\u5e01\u653f\u7b56\u73af\u5883\u53d1\u751f\u4e86180\u5ea6\u5927\u8f6c\u5f2f\u3002\u65b0\u4efbSEC\u4e3b\u5e2dPaul Atkins\u7684\u52a0\u5bc6\u53cb\u597d\u7acb\u573a\uff0c\u5f7b\u5e95\u626d\u8f6c\u4e86\u6b64\u524dGensler\u65f6\u4ee3\u7684\u76d1\u7ba1\u654c\u610f\u3002\u66f4\u91cd\u8981\u7684\u662f\uff0c\u7279\u6717\u666e\u627f\u8bfa\u5efa\u7acb\u7684\u201c\u56fd\u5bb6\u6218\u7565\u6bd4\u7279\u5e01\u50a8\u5907\u201d\u8ba1\u5212\uff0c\u4e3a\u6574\u4e2a\u6570\u5b57\u8d44\u4ea7\u884c\u4e1a\u6ce8\u5165\u4e86\u524d\u6240\u672a\u6709\u7684\u653f\u7b56\u4fe1\u5fc3\u3002<\/p>\n<p>\u76d1\u7ba1\u5957\u5229\u7a97\u53e3\u5f00\u542f\uff1a \u534e\u5c14\u8857\u654f\u9510\u5730\u6355\u6349\u5230\u4e86\u8fd9\u4e00\u653f\u7b56\u8f6c\u5411\u4fe1\u53f7\u3002\u76f8\u6bd4\u4e8e\u6b27\u76dfMiCA\u6cd5\u89c4\u7684\u4e25\u683c\u9650\u5236\uff0c\u7f8e\u56fd\u6b63\u5728\u6210\u4e3a\u5168\u7403\u52a0\u5bc6\u8d44\u4ea7\u7684\u76d1\u7ba1\u201c\u7eff\u6d32\u201d\u3002\u8fd9\u89e3\u91ca\u4e86\u4e3a\u4ec0\u4e48 Brevan Howard \u8fd9\u6837\u7684\u5168\u7403\u5b8f\u89c2\u57fa\u91d1\u4f1a\u5982\u6b64\u6025\u8feb\u5730\u62bc\u6ce8\u7f8e\u56fd\u52a0\u5bc6\u8d44\u4ea7\uff0c\u4ed6\u4eec\u6df1\u77e5\uff0c\u8fd9\u79cd\u76d1\u7ba1\u7ea2\u5229\u4e0d\u4f1a\u6301\u7eed\u592a\u4e45\u3002<\/p>\n<h4><strong>3.2 ETH\u201c\u539f\u751f\u5de8\u5934\u201d\u7684\u534e\u4e3d\u8f6c\u8eab\uff1a\u4e00\u573a\u7531OG\u4e3b\u5bfc\u7684\u534e\u5c14\u8857\u6536\u7f16<\/strong><\/h4>\n<p>\u5f53\u6df1\u5165\u8ffd\u8e2a\u8fd9\u4e9b\u770b\u4f3c\u201c\u534e\u5c14\u8857\u4e3b\u5bfc\u201d\u7684\u6295\u8d44\u80cc\u540e\u65f6\uff0c\u6211\u4eec\u53d1\u73b0\u4e86\u4e00\u4e2a\u4ee4\u4eba\u9707\u60ca\u7684\u4e8b\u5b9e\uff1a\u90a3\u4e9b\u6700\u79ef\u6781\u63a8\u52a8ETH\u50a8\u5907\u516c\u53f8\u7684\u529b\u91cf\uff0c\u6b63\u662f\u4ee5\u592a\u574a\u751f\u6001\u7684\u6838\u5fc3\u73a9\u5bb6\uff08OG\uff09\u3002\u8fd9\u8868\u660e\uff0c\u8fd9\u5e76\u975e\u534e\u5c14\u8857\u7684\u5355\u8fb9\u884c\u52a8\uff0c\u800c\u662f\u4e00\u573a\u7531\u52a0\u5bc6\u539f\u751f\u8d44\u672c\u4e3b\u5bfc\uff0c\u901a\u8fc7\u4f20\u7edf\u91d1\u878d\u5de5\u5177\u8fdb\u884c\u8d44\u4ea7\u8f6c\u79fb\u548c\u8d44\u672c\u5316\u7684\u7cbe\u5bc6\u5e03\u5c40\u3002<\/p>\n<p>Pantera Capital\uff1a\u4eceICO\u5929\u4f7f\u5230\u201c\u4f01\u4e1a\u8d22\u5e93\u201d\u7684\u7f14\u9020\u8005<\/p>\n<p>\u4f5c\u4e3a\u4ee5\u592a\u574aICO\u7684\u5929\u4f7f\u6295\u8d44\u4eba\uff0cPantera Capital\u7684\u5e03\u5c40\u6e05\u6670\u5730\u5c55\u793a\u4e86\u5176\u5bf9ETH\u7684\u957f\u671f\u4fe1\u4ef0\u3002\u57282025\u5e74\uff0c\u4ed6\u4eec\u63a8\u51fa\u4e86\u6570\u5b57\u8d44\u4ea7\u8d22\u5e93\uff08DAT\uff09\u57fa\u91d1\uff0c\u4e13\u95e8\u6295\u8d44\u4ee5\u6570\u5b57\u8d44\u4ea7\u4f5c\u4e3a\u6218\u7565\u50a8\u5907\u7684\u4e0a\u5e02\u516c\u53f8\u3002\u4ed6\u4eec\u540c\u65f6\u6295\u8d44\u4e86SharpLink Gaming\uff08SBET\uff09\u548cBitmine Immersion Tech\uff08BMNR\uff09\uff0c\u8fd9\u4e24\u5bb6\u516c\u53f8\u76ee\u524d\u662f\u4f01\u4e1a\u8d22\u5e93\u4e2d\u6301\u6709ETH\u6700\u591a\u7684\u673a\u6784\u3002\u8fd9\u662f\u4e00\u79cd\u7cbe\u5999\u7684\u7b56\u7565\uff1aPantera\u5229\u7528\u81ea\u5df1\u7684\u8d44\u672c\uff0c\u63a8\u52a8\u4e86\u5bf9ETH\u6709\u660e\u786e\u9700\u6c42\u7684\u4f20\u7edf\u4f01\u4e1a\u8fdb\u5165\uff0c\u4ece\u800c\u4e3aETH\u521b\u9020\u4e86\u65b0\u7684\u3001\u6301\u7eed\u7684\u4e70\u5165\u529b\u91cf\u3002<\/p>\n<p>ConsenSys\uff1a\u5c06\u57fa\u7840\u8bbe\u65bd\u4ef7\u503c\u8f6c\u5316\u4e3a\u80a1\u6743\u6536\u76ca<\/p>\n<p>ConsenSys\u4f5c\u4e3aMetaMask\u548cInfura\u7b49ETH\u6838\u5fc3\u57fa\u7840\u8bbe\u65bd\u7684\u5f00\u53d1\u8005\uff0c\u5176\u521b\u59cb\u4ebaJoseph Lubin\u662fETH\u751f\u6001\u7684\u5960\u57fa\u4eba\u4e4b\u4e00\u3002ConsenSys\u76f4\u63a5\u6295\u8d44\u4e86SharpLink Gaming\uff0c\u5e76\u7531Lubin\u4eb2\u81ea\u51fa\u4efb\u5176\u8463\u4e8b\u4f1a\u4e3b\u5e2d\uff0c\u6301\u67099.9%\u7684\u80a1\u4efd\u3002\u8fd9\u4e00\u4e3e\u52a8\u5177\u6709\u91cc\u7a0b\u7891\u610f\u4e49\uff1a\u5b83\u6807\u5fd7\u7740\u4ee5\u592a\u574a\u751f\u6001\u7684OG\u4eec\uff0c\u6b63\u5728\u901a\u8fc7\u76f4\u63a5\u6295\u8d44\u548c\u8fdb\u5165\u8463\u4e8b\u4f1a\u7684\u65b9\u5f0f\uff0c\u5c06ETH\u4f5c\u4e3a\u6280\u672f\u57fa\u7840\u8bbe\u65bd\u6240\u521b\u9020\u7684\u4ef7\u503c\uff0c\u8f6c\u5316\u4e3a\u4f20\u7edf\u91d1\u878d\u5e02\u573a\u4e2d\u7684\u80a1\u6743\u548c\u8d44\u672c\u6536\u76ca\u3002<\/p>\n<p>Andreessen Horowitz\uff08a16z\uff09\u653f\u7b56\u6e38\u8bf4\u4e0e\u751f\u6001\u6e17\u900f\u7684\u53cc\u91cd\u5f15\u64ce<\/p>\n<p>a16z\u662f\u52a0\u5bc6\u884c\u4e1a\u6700\u6709\u5f71\u54cd\u529b\u7684\u98ce\u6295\u4e4b\u4e00\uff0c\u5176\u5bf9ETH\u7684\u5e03\u5c40\u6df1\u8fdc\u4e14\u7acb\u4f53\u3002\u9664\u4e86\u76f4\u63a5\u6295\u8d44 ETH \u751f\u6001\u9879\u76ee\u5916\uff0c\u4ed6\u4eec\u66f4\u662f\u653f\u6cbb\u6e38\u8bf4\u7684\u5173\u952e\u63a8\u624b\u3002\u4ed6\u4eec\u5411 Lido Finance \u6295\u8d44\u4e86 7000 \u4e07\u7f8e\u5143\uff0c\u5e76\u5229\u7528\u5176\u81ea\u8eab\u6301\u6709\u7684\u90e8\u5206ETH\u8fdb\u884c\u8d28\u62bc\uff0c\u6210\u4e3aETH\u8d28\u62bc\u5e02\u573a\u7684\u91cd\u8981\u53c2\u4e0e\u8005\u3002\u66f4\u91cd\u8981\u7684\u662f\uff0ca16z\u5728\u534e\u76db\u987f\u7279\u533a\u6295\u5165\u5de8\u5927\u8d44\u6e90\uff0c\u79ef\u6781\u63a8\u52a8\u5bf9\u52a0\u5bc6\u53cb\u597d\u7684\u76d1\u7ba1\u653f\u7b56\u3002\u4ed6\u4eec\u5411\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u63d0\u51fa\u201c\u5b89\u5168\u6e2f\u201d\u7b49\u5efa\u8bae\uff0c\u4e3aETH\u73b0\u8d27ETF\u7684\u83b7\u6279\u626b\u6e05\u4e86\u5173\u952e\u7684\u653f\u7b56\u969c\u788d\u3002<\/p>\n<p>Coinbase\uff1aETF\u7684\u5e55\u540e\u82f1\u96c4\u4e0e\u6258\u7ba1\u57fa\u77f3<\/p>\n<p>Coinbase\u5728ETH\u7684\u673a\u6784\u5316\u8fdb\u7a0b\u4e2d\u626e\u6f14\u4e86\u4e0d\u53ef\u6216\u7f3a\u7684\u57fa\u7840\u8bbe\u65bd\u63d0\u4f9b\u8005\u89d2\u8272\u3002\u51e0\u4e4e\u6240\u6709\u4e3b\u8981\u7684ETH\u73b0\u8d27ETF\uff0c\u5305\u62ec\u8d1d\u83b1\u5fb7\uff08BlackRock\uff09\u7684iShares Ethereum Trust (ETHA)\uff0c\u90fd\u9009\u62e9\u4e86Coinbase\u4f5c\u4e3a\u5176\u6258\u7ba1\u65b9\u3002\u6839\u636eCoinbase Prime\u7684\u516c\u5f00\u6570\u636e\uff0c\u5176\u4e3a\u673a\u6784\u5ba2\u6237\u6258\u7ba1\u7684\u6570\u5b57\u8d44\u4ea7\u9ad8\u8fbe1710\u4ebf\u7f8e\u5143\uff08\u622a\u81f32024\u5e743\u670831\u65e5\uff09\u3002\u8fd9\u610f\u5473\u7740\uff0c\u5c3d\u7ba1\u673a\u6784\u8d44\u91d1\u901a\u8fc7ETF\u8fdb\u5165\uff0c\u4f46\u5176\u80cc\u540e\u7684ETH\u8d44\u4ea7\u5b9e\u9645\u4e0a\u90fd\u7531Coinbase\u4fdd\u7ba1\u3002\u8fd9\u4e0d\u4ec5\u4f7f\u5176\u6210\u4e3a\u8fd9\u573a\u201c\u6362\u5e84\u201d\u98ce\u6ce2\u4e2d\u4e0d\u53ef\u6216\u7f3a\u7684\u9690\u5f62\u6838\u5fc3\uff0c\u4e5f\u901a\u8fc7\u5176\u8d28\u62bc\u670d\u52a1\u8fdb\u4e00\u6b65\u52a0\u6df1\u4e86\u673a\u6784\u4e0eETH\u751f\u6001\u7684\u7ed1\u5b9a\u3002<\/p>\n<h4><strong>3.3 ETH\u957f\u671f\u8868\u73b0\u4e0d\u4f73\u5f15\u53d1\u7684\u201c\u89e3\u5957\u6f6e\u201d<\/strong><\/h4>\n<p>\u76f8\u5bf9\u8868\u73b0\u7684\u5de8\u5927\u843d\u5dee\uff1a \u76f8\u6bd4BTC\u4ece6.9\u4e07\u7f8e\u5143\u523012\u4e07\u7f8e\u5143\u7684\u65b0\u9ad8\uff0cETH\u5728\u957f\u8fbe\u4e09\u5e74\u591a\u7684\u65f6\u95f4\u91cc\u4e00\u76f4\u57282000-4000\u7f8e\u5143\u533a\u95f4\u9707\u8361\uff0cETH\u5151BTC\u6c47\u7387\u4e00\u8def\u8d70\u4f4e\u3002\u8fd9\u79cd\u5de8\u5927\u7684\u76f8\u5bf9\u8868\u73b0\u843d\u5dee\uff0c\u8ba9\u5927\u91cf\u57282021\u5e74\u725b\u5e02\u9876\u5cf0\u4e70\u5165\u7684ETH\u6295\u8d44\u8005\u6df1\u5ea6\u88ab\u5957\u3002<\/p>\n<p>\u673a\u6784\u62c9\u5347\u63d0\u4f9b\u7684\u9ec4\u91d1\u89e3\u5957\u673a\u4f1a\uff1a \u534e\u5c14\u8857\u8d44\u91d1\u7684\u5927\u89c4\u6a21\u5165\u573a\uff0c\u4e3a\u8fd9\u4e9b\u957f\u671f\u88ab\u5957\u7684\u6563\u6237\u63d0\u4f9b\u4e86\u5343\u8f7d\u96be\u9022\u7684\u51fa\u8d27\u673a\u4f1a\u3002\u4e0e\u4e4b\u524d\u7684\u53cd\u5f39\u4e0d\u540c\uff0c\u8fd9\u8f6e\u7531\u673a\u6784\u4e3b\u5bfc\u7684\u4e0a\u6da8\u5177\u6709\u66f4\u5f3a\u7684\u6301\u7eed\u6027\u548c\u786e\u5b9a\u6027\uff0c\u8ba9\u88ab\u5957\u6295\u8d44\u8005\u6709\u4e86\u8db3\u591f\u7684\u4fe1\u5fc3\u548c\u65f6\u95f4\u5b8c\u6210\u51cf\u4ed3\u3002<\/p>\n<p>\u89e3\u5957\u6f6e\u4e0e\u673a\u6784\u63a5\u76d8\u7684\u5b8c\u7f8e\u5951\u5408\uff1a \u8fd9\u5f62\u6210\u4e86\u4e00\u4e2a\u51e0\u4e4e\u5b8c\u7f8e\u7684\u5e02\u573a\u5faa\u73af\u2014\u2014\u6563\u6237\u6025\u4e8e\u89e3\u5957\u79bb\u573a\uff0c\u673a\u6784\u6025\u4e8e\u5efa\u4ed3\u5165\u573a\uff0c\u53cc\u65b9\u7684\u5229\u76ca\u8bc9\u6c42\u9ad8\u5ea6\u543b\u5408\u3002\u673a\u6784\u83b7\u5f97\u4e86\u5927\u91cf\u76f8\u5bf9\u4fbf\u5b9c\u7684\u7b79\u7801\uff0c\u6563\u6237\u5b9e\u73b0\u4e86\u671f\u76fc\u5df2\u4e45\u7684\u89e3\u5957\uff0c\u53ea\u662f\u8fd9\u79cd\u201c\u53cc\u8d62\u201d\u7684\u80cc\u540e\uff0cETH\u7684\u63a7\u5236\u6743\u5f7b\u5e95\u4ece\u6563\u6237\u8f6c\u79fb\u5230\u4e86\u673a\u6784\u624b\u4e2d\u3002<\/p>\n<h3><\/h3>\n<h3><strong>\u56db\u3001\u5e02\u573a\u683c\u5c40\u7684\u6df1\u5c42\u6f14\u53d8\uff1a\u4e00\u573a\u6280\u672f\u4ef7\u503c\u7684\u8d44\u672c\u5316\u8fdb\u7a0b<\/strong><\/h3>\n<h4>4.1 \u5b9a\u4ef7\u6743\u7684\u5386\u53f2\u6027\u8f6c\u79fb<\/h4>\n<p><img decoding=\"async\" alt=\"\u673a\u6784\u6295\u8d44\u8005\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/08\/27\/1756262277902364.jpg\"><\/p>\n<p>\u8fd9\u573a\u201c\u6362\u5e84\u201d\u7684\u6700\u6df1\u8fdc\u5f71\u54cd\u5728\u4e8eETH\u5b9a\u4ef7\u6743\u7684\u5f7b\u5e95\u8f6c\u79fb\u3002\u8fc7\u53bb\uff0cETH\u7684\u4ef7\u683c\u4e3b\u8981\u7531\u793e\u533a\u60c5\u7eea\u548c\u6563\u6237FOMO\u9a71\u52a8\uff1b\u5982\u4eca\uff0c\u673a\u6784\u7684DCF\u4f30\u503c\u6a21\u578b\u3001\u98ce\u9669\u5e73\u4ef7\u914d\u7f6e\u548c\u91cf\u5316\u7b56\u7565\u6210\u4e3a\u4e86\u4ef7\u683c\u7684\u4e3b\u5bfc\u56e0\u7d20\u3002\u534e\u5c14\u8857\u6b63\u5728\u7528\u4f20\u7edf\u7684\u4f01\u4e1a\u4f30\u503c\u65b9\u6cd5\u91cd\u65b0\u5ba1\u89c6\u4ee5\u592a\u574a\u2014\u2014\u5c06\u5176\u89c6\u4e3a\u4e00\u5bb6\u5e74\u6536\u516530\u4ebf\u7f8e\u5143\u7684\u201c\u53bb\u4e2d\u5fc3\u5316\u79d1\u6280\u516c\u53f8\u201d\u3002<\/p>\n<h4>4.2 \u6d41\u52a8\u6027\u7ed3\u6784\u7684\u91cd\u5851<\/h4>\n<p>\u6d6e\u52a8\u7b79\u7801\u7684\u6025\u5267\u6536\u7f29\uff1a \u673a\u6784\u7684\u957f\u671f\u6301\u6709\u7b56\u7565\u548c\u8d28\u62bc\u9501\u5b9a\u8fdb\u4e00\u6b65\u538b\u7f29\u4e86\u5e02\u573a\u6d41\u52a8\u6027\u3002BitMine\u7b49\u4f01\u4e1a\u8d22\u5e93\u660e\u786e\u8868\u793a\u5c06\u957f\u671f\u6301\u6709ETH\uff0c\u8fd9\u4e9b\u8d44\u91d1\u5b9e\u9645\u4e0a\u4ece\u6d41\u901a\u5e02\u573a\u4e2d\u201c\u6c38\u4e45\u9000\u51fa\u201d\u3002<\/p>\n<p>\u4ea4\u6613\u6df1\u5ea6\u7684\u4e24\u6781\u5206\u5316\uff1a \u73b0\u8d27\u5e02\u573a\u6b63\u5728\u51fa\u73b0\u660e\u663e\u7684\u5206\u5c42\u73b0\u8c61\u2014\u2014\u5927\u989d\u4ea4\u6613\u4e3b\u8981\u901a\u8fc7OTC\u548c\u5927\u5b97\u4ea4\u6613\u5b8c\u6210\uff0c\u800c\u6563\u6237\u4ea4\u6613\u5219\u96c6\u4e2d\u5728\u5c0f\u989d\u7684\u73b0\u8d27\u548c\u884d\u751f\u54c1\u5e02\u573a\u3002\u8fd9\u79cd\u7ed3\u6784\u5206\u5316\u8ba9ETH\u7684\u4ef7\u683c\u53d1\u73b0\u53d8\u5f97\u66f4\u52a0\u590d\u6742\u3002<\/p>\n<h4>4.3 \u8d44\u672c\u5316\u624b\u6cd5\u7684\u6280\u672f\u5347\u7ea7<\/h4>\n<p>\u8fc7\u53bb\u7684\u73a9\u6cd5\uff1a \u4e3b\u8981\u901a\u8fc7ICO\u3001DeFi\u3001NFT\u7b49\u539f\u751f\u52a0\u5bc6\u53d9\u4e8b\u5438\u5f15\u8d44\u91d1\uff0c\u5728Discord\u3001Twitter\u7b49\u793e\u4ea4\u5a92\u4f53\u9020\u52bf\uff0c\u9762\u5411\u5e01\u5708\u5185\u90e8\u7684\u6295\u673a\u8d44\u91d1\u3002<\/p>\n<p>\u73b0\u5728\u7684\u73a9\u6cd5\uff1a \u901a\u8fc7\u878d\u8d44\u3001\u7f8e\u80a1\u4e0a\u5e02\u7b49\u4f20\u7edf\u91d1\u878d\u5de5\u5177\u5438\u5f15\u8d44\u91d1\uff0c\u5728CNBC\u3001Bloomberg\u7b49\u4e3b\u6d41\u91d1\u878d\u5a92\u4f53\u53d1\u58f0\uff0c\u9762\u5411\u4f20\u7edf\u91d1\u878d\u673a\u6784\u7684\u914d\u7f6e\u8d44\u91d1\u3002<\/p>\n<h4>4.4 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