{"id":3822,"date":"2026-10-14T00:51:07","date_gmt":"2026-10-13T16:51:07","guid":{"rendered":"https:\/\/www.shoppingguid.com\/?p=3822"},"modified":"2026-10-14T00:51:07","modified_gmt":"2026-10-13T16:51:07","slug":"%e6%af%94%e7%89%b9%e5%b8%81-etf-%e8%b5%8e%e5%9b%9e%e4%b8%8e-ai-%e5%8f%99%e4%ba%8b%e8%bd%ae%e5%8a%a8%ef%bc%9a%e8%b0%81%e5%a4%ba%e8%b5%b0%e4%ba%86%e5%8a%a0%e5%af%86%e5%b8%82%e5%9c%ba%e7%9a%84%e6%b5%81","status":"publish","type":"post","link":"https:\/\/www.jiankangguanli1.com\/?p=3822","title":{"rendered":"\u6bd4\u7279\u5e01 ETF \u8d4e\u56de\u4e0e AI \u53d9\u4e8b\u8f6e\u52a8\uff1a\u8c01\u593a\u8d70\u4e86\u52a0\u5bc6\u5e02\u573a\u7684\u6d41\u52a8\u6027\uff1f"},"content":{"rendered":"
\n
\n

\u4f5c\u8005\uff1a <\/span>Michael Ebiekutan<\/span> <\/span><\/p>\n

\u7f16\u8bd1\uff1a \u6df1\u6f6e TechFlow <\/span><\/p>\n

\u6df1\u6f6e\u5bfc\u8bfb\uff1a<\/strong> \u81ea 2025 \u5e74 10 \u6708\u6bd4\u7279\u5e01\u89e6\u53ca 12.6 \u4e07\u7f8e\u5143\u7684\u5386\u53f2\u9ad8\u70b9\u4ee5\u6765\uff0c\u52a0\u5bc6\u5e02\u573a\u6b63\u7ecf\u5386\u81ea 2022 \u5e74\u4ee5\u6765\u6700\u5267\u70c8\u7684\u56de\u64a4\u3002\u5e02\u573a\u505a\u5e02\u5546 Wintermute \u7684\u6700\u65b0\u62a5\u544a\u6307\u51fa\uff0c\u9664\u4e86\u9ad8\u8fbe 62 \u4ebf\u7f8e\u5143\u7684 ETF \u51c0\u6d41\u51fa\uff0c\u8d44\u672c\u6b63\u5927\u89c4\u6a21\u5411 AI \u9886\u57df\u8f6e\u52a8\u3002\u62a5\u544a\u6df1\u5165\u5206\u6790\u4e86\u4e3a\u4ec0\u4e48 Coinbase \u6ea2\u4ef7\u3001ETF \u6d41\u5411\u548c\u57fa\u5dee\u5229\u7387\u5c06\u6210\u4e3a\u672c\u8f6e\u7ed3\u6784\u6027\u590d\u82cf\u7684\u5173\u952e\u6307\u6807\u3002<\/p>\n

\u5168\u6587\u5982\u4e0b\uff1a<\/h3>\n
    \n
  • \u6bd4\u7279\u5e01 ETF \u6210\u4e3a\u52a0\u5bc6\u5e02\u573a\u6574\u4f53\u4e0b\u8dcc\u7684\u4e3b\u8981\u63a8\u52a8\u529b\uff0c\u81ea\u53bb\u5e74 11 \u6708\u4ee5\u6765\uff0c\u5176\u51c0\u6d41\u51fa\u5df2\u8d85\u8fc7 62 \u4ebf\u7f8e\u5143\u3002<\/li>\n
  • AI \u53d9\u4e8b\u6b63\u5728\u5438\u6536\u539f\u672c\u5c5e\u4e8e\u6bd4\u7279\u5e01\u751a\u81f3\u8f6f\u4ef6\u80a1\u7684\u8d44\u91d1\u3002<\/li>\n
  • \u5728 Coinbase \u6ea2\u4ef7\u8f6c\u6b63\u3001ETF \u8d44\u91d1\u6301\u7eed\u6d41\u5165\u4ee5\u53ca\u57fa\u5dee\u5229\u7387\uff08Basis Rates\uff09\u7a33\u5b9a\u4e4b\u524d\uff0c\u6bd4\u7279\u5e01\u53ef\u80fd\u96be\u4ee5\u8d70\u51fa\u4f4e\u8c37\u3002<\/li>\n<\/ul>\n

    \u6839\u636e Wintermute \u7684\u8bf4\u6cd5\uff0c\u81ea 2025 \u5e74 10 \u6708 10 \u65e5\u7684\u6760\u6746\u51b2\u5237\u4ee5\u6765\uff0c\u6bd4\u7279\u5e01\uff08BTC\uff09\u7684\u8fd9\u4e00\u6ce2\u4e0b\u884c\u8d8b\u52bf\uff0c\u4e3b\u8981\u662f\u7531\u6301\u7eed\u7684 ETF \u8d44\u91d1\u6d41\u51fa\u4ee5\u53ca\u5411 AI \u53d9\u4e8b\u7684\u8f6e\u52a8\u6240\u4e3b\u5bfc\u7684\u3002<\/p>\n

    \u5728\u5468\u4e8c\u53d1\u5e03\u7684\u4e00\u4efd\u62a5\u544a\u4e2d\uff0c\u8fd9\u5bb6\u505a\u5e02\u5546\u516c\u53f8\u6307\u51fa\uff0c\u6bd4\u7279\u5e01\u5df2\u7ecf\u56de\u5410\u4e86\u81ea 2024 \u5e74 11 \u6708\u7f8e\u56fd\u603b\u7edf\u7279\u6717\u666e\u80dc\u9009\u4ee5\u6765\u7684\u6240\u6709\u6da8\u5e45\u3002\u5728\u8fc7\u53bb\u7684\u51e0\u4e2a\u6708\u91cc\uff0c\u8fd9\u4e00\u9876\u7ea7\u52a0\u5bc6\u8d27\u5e01\u7ecf\u5386\u4e86\u81ea 2022 \u5e74\u4ee5\u6765\u6700\u5927\u89c4\u6a21\u7684\u8d44\u91d1\u62bd\u79bb\uff0c\u4ef7\u683c\u4ece 10 \u6708\u4efd 126,000 \u7f8e\u5143\u7684\u5386\u53f2\u9ad8\u70b9\u8dcc\u81f3\u4e0a\u5468\u4e94\u7684\u7ea6 60,000 \u7f8e\u5143\uff0c\u8dcc\u5e45\u8d85\u8fc7 50%\u3002<\/p>\n

    \u62a5\u544a\u6307\u51fa\uff0c\u5728\u7ecf\u5386\u4e86 10 \u6708\u81f3 11 \u6708\u7684\u66b4\u8dcc\u540e\uff0c\u6bd4\u7279\u5e01\u5728 12 \u6708\u548c 1 \u6708\u4e3b\u8981\u5904\u4e8e\u533a\u95f4\u9707\u8361\u72b6\u6001\uff0c\u671f\u95f4\u6162\u6162\u79ef\u7d2f\u7684\u6760\u6746\u5728\u8fd1\u4e00\u5468\u5185\u518d\u6b21\u56e0\u4ef7\u503c\u7ea6 27 \u4ebf\u7f8e\u5143\u7684\u6e05\u7b97\u800c\u7070\u98de\u70df\u706d\u3002<\/p>\n

    Wintermute \u5f3a\u8c03\uff0c\u4e0b\u884c\u538b\u529b\u4e3b\u8981\u6765\u81ea\u7f8e\u56fd\u5e02\u573a\uff0c\u8fd9\u4e00\u70b9\u4ece Coinbase \u6ea2\u4ef7\uff08Coinbase Premium\uff09\u81ea 12 \u6708\u4ee5\u6765\u7684\u8d1f\u589e\u957f\u8f68\u8ff9\uff0c\u4ee5\u53ca\u4e0a\u5468\u573a\u5916\u4ea4\u6613\uff08OTC\uff09\u4e2d\u7f8e\u56fd\u5bf9\u624b\u65b9\u7684\u6c89\u91cd\u629b\u76d8\u4e2d\u5f97\u5230\u4e86\u5370\u8bc1\u3002<\/p>\n

    \u6b64\u5916\uff0c\u62a5\u544a\u6307\u51fa\uff0c\u7f8e\u56fd\u73b0\u8d27\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1\uff08ETFs\uff09\u81ea 11 \u6708\u4ee5\u6765\u5df2\u89c1\u8bc1\u4e86 62 \u4ebf\u7f8e\u5143\u7684\u8d44\u91d1\u6d41\u51fa\uff0c\u8fd9\u662f\u5176\u6709\u53f2\u4ee5\u6765\u6301\u7eed\u65f6\u95f4\u6700\u957f\u7684\u4e00\u6b21\u6d41\u51fa\u6f6e\u3002\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u8d1d\u83b1\u5fb7\uff08BlackRock\uff09\u7684 IBIT \u5728\u4e0a\u5468\u56db\u5e02\u573a\u5d29\u76d8\u671f\u95f4\uff0c\u540d\u4e49\u6210\u4ea4\u91cf\u8fbe\u5230\u4e86\u7ea6 100 \u4ebf\u7f8e\u5143\u3002<\/p>\n

    Wintermute \u7684\u684c\u9762\u7b56\u7565\u5e08 Jasper De Maere \u5199\u9053\uff1a\u300c\u5f53\u8d4e\u56de\u8feb\u4f7f\u53d1\u8d77\u4eba\uff08Sponsors\uff09\u5728\u4ef7\u683c\u4e0b\u8dcc\u65f6\u5356\u51fa\u73b0\u8d27\u65f6\uff0c\u53cd\u9988\u56de\u8def\uff08Feedback Loop\uff09\u5c31\u4f1a\u4ea7\u751f\u81ea\u6211\u5f3a\u5316\u3002\u300d<\/p>\n

    \u7136\u800c\uff0c\u4e0a\u5468\u7684\u4e0b\u8dcc\u5e76\u4e0d\u4ec5\u9650\u4e8e\u52a0\u5bc6\u8d27\u5e01\u3002\u5927\u76d8\u4e5f\u7ecf\u5386\u4e86\u4f4e\u8ff7\uff0c\u8d35\u91d1\u5c5e\u548c\u80a1\u7968\u5747\u51fa\u73b0\u4e86\u56de\u8c03\u3002\u4ece\u8868\u9762\u4e0a\u770b\uff0c\u52a0\u5bc6\u8d27\u5e01\u518d\u6b21\u8bc1\u660e\u4e86\u5176\u8d1f\u504f\u6001\uff08Negative Skew\uff09\uff0c\u5728\u4e0b\u8dcc\u8fc7\u7a0b\u4e2d\u8868\u73b0\u900a\u4e8e\u4e3b\u8981\u8d44\u4ea7\u7c7b\u522b\u2014\u2014\u6b63\u5982\u5b83\u5728\u4e0a\u6da8\u8d8b\u52bf\u4e2d\u8868\u73b0\u5f97\u66f4\u597d\u4e00\u6837\u2014\u2014Wintermute \u8868\u793a\uff0c\u8fd9\u79cd\u6a21\u5f0f\u4e0e\u718a\u5e02\u884c\u60c5\u662f\u4e00\u81f4\u7684\u3002<\/p>\n

    AI \u53d9\u4e8b\u70ed\u6f6e\u662f\u4ee5\u727a\u7272\u52a0\u5bc6\u548c\u8f6f\u4ef6\u80a1\u4e3a\u4ee3\u4ef7\u7684<\/strong><\/h2>\n

    \u8be5\u516c\u53f8\u7684\u8fdb\u4e00\u6b65\u5206\u6790\u663e\u793a\uff0c\u80a1\u7968\u6307\u6570\u5728\u5e02\u573a\u4e0a\u6da8\u548c\u4e0b\u8dcc\u4e2d\u7684\u97e7\u6027\uff0c\u5f88\u5927\u7a0b\u5ea6\u4e0a\u5f52\u529f\u4e8e\u5411 AI \u53d9\u4e8b\u7684\u8f6e\u52a8\uff0c\u800c\u975e\u6574\u4e2a\u80a1\u5e02\u7684\u5e7f\u6cdb\u8d70\u5f3a\u3002Wintermute \u6307\u51fa\uff0c\u6bd4\u7279\u5e01\u548c\u6807\u666e 500 \u6307\u6570\uff08S&P 500\uff09\u4e2d\u7684\u8f6f\u4ef6\u516c\u53f8\u5728\u8fc7\u53bb\u4e24\u5e74\u91cc\u7684\u4ea4\u6613\u6a21\u5f0f\u9ad8\u5ea6\u76f8\u4f3c\u3002<\/p>\n

    De Maere \u5199\u9053\uff1a\u300c\u771f\u6b63\u7684\u6545\u4e8b\u662f\uff0c\u51e0\u4e2a\u6708\u6765\uff0cAI \u4e00\u76f4\u5728\u4ee5\u727a\u7272\u5176\u4ed6\u6240\u6709\u8d44\u4ea7\u4e3a\u4ee3\u4ef7\uff0c\u5438\u6536\u53ef\u7528\u7684\u8d44\u672c\u2026\u2026\u5982\u679c\u4ece\u7eb3\u65af\u8fbe\u514b\u6307\u6570\u4e2d\u5254\u9664 AI \u80a1\uff0c\u52a0\u5bc6\u8d27\u5e01\u7684\u8d1f\u504f\u6001\uff08Negative Skew\uff09\u5c31\u57fa\u672c\u6d88\u5931\u4e86\u3002\u300d<\/p>\n

    \u4ed6\u8865\u5145\u9053\uff1a\u300c\u82e5\u60f3\u8ba9\u52a0\u5bc6\u8d27\u5e01\u518d\u6b21\u8dd1\u8d62\u5927\u76d8\uff0c\u5c31\u9700\u8981\u8ba9 AI \u4ea4\u6613\u7684\u6c34\u5206\u6324\u51fa\u6765\u3002\u5fae\u8f6f\u75b2\u8f6f\u7684\u8d22\u62a5\uff08Print\uff09\u5f00\u542f\u4e86\u8fd9\u4e00\u8fdb\u7a0b\uff0c\u4f46\u8fd8\u9700\u8981\u66f4\u591a\u50ac\u5316\u5242\u3002\u300d<\/p>\n

    \"image\"<\/p>\n

    \u6bd4\u7279\u5e01\u4e0e\u6807\u666e\u8f6f\u4ef6\u6307\u6570\uff08S&P Software\uff09\u7684\u8868\u73b0\u5bf9\u6bd4<\/span><\/p>\n

    \u6765\u6e90\uff1aWintermute<\/span><\/p>\n

    \u62a5\u544a\u8fd8\u5f3a\u8c03\uff0c\u542f\u52a8\u7ed3\u6784\u6027\u590d\u82cf\u6240\u9700\u7684\u73b0\u8d27\u9700\u6c42\uff08Spot Demand\uff09\u76ee\u524d\u4f9d\u7136\u75b2\u8f6f\u3002\u6570\u5b57\u8d44\u4ea7\u8d22\u653f\u90e8\uff08DATs\uff09\u66fe\u662f\u8fc7\u53bb\u4e00\u5e74\u4e70\u76d8\u52a8\u529b\u7684\u4e3b\u8981\u6765\u6e90\u4e4b\u4e00\uff0c\u4f46\u968f\u7740\u4ef7\u683c\u8dcc\u7834\u5176\u5e73\u5747\u8d2d\u4e70\u6210\u672c\uff0c\u5b83\u4eec\u76ee\u524d\u6301\u6709\u9ad8\u8fbe 250 \u4ebf\u7f8e\u5143\u7684\u6d6e\u4e8f\u3002\u7531\u6b64\u5bfc\u81f4\u7684\u51c0\u8d44\u4ea7\u4ef7\u503c\uff08NAV\uff09\u6ea2\u4ef7\u6536\u7f29\uff0c\u9650\u5236\u4e86\u5b83\u4eec\u518d\u6b21\u7b79\u96c6\u8d44\u91d1\u4ee5\u652f\u6491\u9700\u6c42\u7684\u80fd\u529b\u3002<\/p>\n

    Wintermute \u6307\u51fa\uff1a\u300c\u5728 Coinbase \u6ea2\u4ef7\u8f6c\u6b63\u3001ETF \u8d44\u91d1\u6d41\u5411\u53cd\u8f6c\u4ee5\u53ca\u57fa\u5dee\u5229\u7387\uff08Basis Rates\uff09\u7a33\u5b9a\u4e4b\u524d\uff0c\u5f88\u96be\u770b\u5230\u6301\u7eed\u7684\u4e0a\u6da8\u7a7a\u95f4\u3002\u300d<\/p>\n

    \u622a\u81f3\u5468\u4e8c\u53d1\u7a3f\u65f6\uff0c\u6bd4\u7279\u5e01\u4ea4\u6613\u4ef7\u683c\u7ea6\u4e3a 69,700 \u7f8e\u5143\uff0c\u8fc7\u53bb 24 \u5c0f\u65f6\u5185\u4e0b\u8dcc\u4e86 0.3%\u3002<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    \u4f5c\u8005\uff1a Michael Ebiekutan \u7f16\u8bd1\uff1a \u6df1\u6f6e TechFlow \u6df1\u6f6e\u5bfc\u8bfb\uff1a \u81ea 2025 \u5e74 10 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3822","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/www.jiankangguanli1.com\/index.php?rest_route=\/wp\/v2\/posts\/3822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jiankangguanli1.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jiankangguanli1.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jiankangguanli1.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jiankangguanli1.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3822"}],"version-history":[{"count":1,"href":"https:\/\/www.jiankangguanli1.com\/index.php?rest_route=\/wp\/v2\/posts\/3822\/revisions"}],"predecessor-version":[{"id":7858,"href":"https:\/\/www.jiankangguanli1.com\/index.php?rest_route=\/wp\/v2\/posts\/3822\/revisions\/7858"}],"wp:attachment":[{"href":"https:\/\/www.jiankangguanli1.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jiankangguanli1.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jiankangguanli1.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}