2021年5月15日幣圈簡報
『壹』 澶鎰忓栵紒鍗庡皵琛楀ぇ絀哄ご紿佺劧鍞卞氾細緇濅匠鈥滄妱搴曗濇満浼氾紒鈥滃コ鐗堝反鑿茬壒鈥濆惈娉鍔犱粨
宸ㄩ浄涔嬩笅錛屸滃コ鐗堝反鑿茬壒鈥濅笉鎰挎剰璁よ緭銆
鉶氭嫙璐у竵浜ゆ槗騫沖彴FTX鐨勭獊鐒剁牬浜э紝寮曞彂鍏ㄧ悆鍔犲瘑璐у竵宸ㄩ渿錛岃祫鏈鐤鐙傞冪昏櫄鎷熻揣甯佺浉鍏寵祫浜с備絾鍙風О鈥滃コ鐗堝反鑿茬壒鈥濄佸崕灝旇楃戞妧濂崇殗鐨勫嚡瑗柯蜂紞寰峰嵈浠嶅湪鈥滃惈娉鈥濆姞浠擄紝鎹緹庡獟奼囩紪鐨勬渶鏂版暟鎹錛岃嚜浠婂勾11鏈堝垵FTX鈥滅垎闆封濅互鏉ワ紝鍏舵帉鑸電殑Ark鎶曡祫鍩洪噾寮濮嬪ぇ絎斾拱鍏Coinbase鑲＄エ錛屽凡緇忕瘡璁¤喘涔拌秴榪130涓囪偂銆備絾Coinbase鐨勮偂浠鋒寔緇澶ц穼錛屽勾鍐呯瘡璁¤穼騫呰揪82%銆
鐩鍓嶏紝鍏充簬緹庤偂甯傚満鐪嬪氱殑澹伴煶浼間箮澶氫簡璧鋒潵銆傝繎鏃ワ紝涓搴﹁縐頒負鍗庡皵琛椻滃ぇ絀哄ご鈥濅箣涓鐨勬懇鏍瑰＋涓瑰埄棣栧腑緹庡浗鑲＄エ絳栫暐甯圡ikeWilson鍦ㄦ渶鏂扮殑鎶ュ憡涓琛ㄧず錛屾爣鏅500鎸囨暟灝嗗湪2023騫村勾鍒濊Е搴曪紝榪欏皢鏄鐔婂競鐨勬渶鍚庝竴姝ワ紝灝嗙粰緹庤偂鎶曡祫鑰呮彁渚涗竴涓緇濅匠鐨勨滄妱搴曗濇満浼氥傞殧澶滅編鑲℃敹鐩橈紝緹庤偂涓夊ぇ鎸囨暟鏀剁洏鍧囨定瓚1%錛岄亾鎸囧壋8鏈17鏃ヤ互鏉ユ敹鐩樻柊楂樸
鍙﹀栵紝甯傚満鎷呭咖鐨勭編鍥介搧璺澶х艦宸ワ紝紿佺劧浼犳潵浜嗗嵄闄╀俊鍙楓傚綋鍦版椂闂11鏈21鏃ワ紝瀵逛簬閾佽礬鍏鍙告彁鍑虹殑涓欏瑰叧浜庢彁楂樺伐浜哄緟閬囩殑涓存椂鍚堝悓鍗忚錛岀編鍥芥渶澶ч搧璺宸ヤ細SMART-TD鎶曠エ鍚﹀喅浜嗚繖欏瑰崗璁銆傚湪姝や箣鍓嶏紝緹庡浗宸叉湁涓変釜閾佽礬宸ヤ細鎷掔粷浜嗚繖浠藉崗璁錛屾剰鍛崇潃涓鍦烘綔鍦ㄧ殑澶х艦宸ユｅ湪鍚戝嵄闄╄竟緙橀艱繎銆傜編鍥界櫧瀹鍙戣█浜哄崱鐞陳瘋-鐨鍩冨皵琛ㄧず錛岀編鍥芥葷粺鎷滅櫥姝ｅ湪鍚鍙栨湁鍏寵繖涓闂棰樼殑綆鎶ワ紝緹庡浗鍔沖伐閮ㄩ暱娌冨皵浠鈥滈潪甯稿叧娉ㄢ濊繖涓闂棰樸
鈥滃コ鐗堝反鑿茬壒鈥濆惈娉鍔犱粨
褰撴墍鏈変漢鎮愭儳鐨勬椂鍊欙紝鈥滃コ鐗堝反鑿茬壒鈥濇ｅ湪璐濠銆
鍦ㄨ櫄鎷熻揣甯佷氦鏄撳鉤鍙癋TX鈥滅垎闆封濆苟瀹ｅ憡鐮翠駭鍚庯紝寮曞彂浜嗗姞瀵嗚揣甯佸湀宸ㄩ渿錛岃祫鏈鐤鐙傞冪昏櫄鎷熻揣甯佺浉鍏寵祫浜э紝鍗庡皵琛楁姇琛屾洿鏄瀵嗛泦涓嬭皟浜嗚櫄鎷熻揣甯佺浉鍏寵祫浜х殑璇勭駭銆
鐒惰岋紝鍙風О鈥滃コ鐗堝反鑿茬壒鈥濄佸崕灝旇楃戞妧濂崇殗鐨勫嚡瑗柯蜂紞寰(CathieWood)鍗翠粛鍦ㄢ滃惈娉鈥濆姞浠撳姞瀵嗚揣甯佷氦鏄撳法澶碈oinbase銆
鏍規嵁緹庡獟奼囩紪鐨勬渶鏂版暟鎹錛岃嚜浠婂勾11鏈堝垵FTX鈥滅垎闆封濅互鏉ワ紝浼嶅痙鎺岃埖鐨凙rk鎶曡祫鍩洪噾寮濮嬪ぇ絎斾拱鍏Coinbase鑲＄エ錛屾渶鏂版暟鎹鏄劇ず錛屽叾宸茬粡緔璁¤喘涔拌秴榪130涓囪偂錛屾寜鍛ㄤ竴鐨勬敹鐩樹環璁＄畻錛屽叾鍔犱粨甯傚肩害涓5600涓囩編鍏(綰﹀悎浜烘皯甯4.1浜垮厓)銆
鑰孋oinbase鐨勮偂浠峰嵈涓璺璧頒綆錛屾渶鏂拌偂浠峰凡璺岃嚦43.39緹庡厓錛屾誨競鍊間篃宸茶穼絀100浜跨編鍏冨ぇ鍏籌紝騫村唴緔璁¤穼騫呰揪82%錛岃秴鍑轟簡涓繪祦鐨勫姞瀵嗚揣甯佹瘮鐗瑰竵銆佷互澶鍧婄殑騫村唴璺屽箙銆
褰撳墠錛屽崕灝旇楁ｅ湪闆嗕綋鍞辮「Coinbase錛11鏈堜互鏉ワ紝緹庡浗閾惰屻佸ぇ鍜岃瘉鍒擱泦鍥㈢瓑鍏鍙哥悍綰蜂笅璋冧簡璇ヨ偂鐨勮瘎綰с傛埅鑷崇洰鍓嶏紝鍗庡皵琛椾粎鏈14浣嶅垎鏋愬笀緇存寔瀵硅ヨ偂鐨勨滀拱鍏モ濊瘎綰э紝涓2021騫翠互鏉ョ殑鏈浣庢按騫熾
浣嗛噸浠撹櫄鎷熻揣甯佽祫浜х殑鈥滅戞妧濂崇殗鈥濆嚡瑗柯蜂紞寰蜂技涔庡苟涓嶆効鎰忚よ緭錛屼粛鍦ㄥぇ涓懼姞鐮佽櫄鎷熻揣甯佺浉鍏寵祫浜с傛埅鑷崇洰鍓嶏紝浼嶅痙鎺岀＄殑鏃楄埌浜у搧ARK鍒涙柊ETF鎷ユ湁榪600涓囪偂Coinbase錛屽崰鍏跺熀閲戞潈閲嶇殑3.6%錛屾槸璇ュ熀閲戠殑絎13澶ф寔浠撱傛ゅ栵紝ARK涓嬩竴浠ｄ簰鑱旂綉ETF銆丄RK閲戣瀺縐戞妧鍒涙柊ETF鍒嗗埆鎸佹湁瓚呰繃100涓囪偂Coinbae錛屾寔浠撳崰姣斿垎鍒杈5.4%銆6.3%銆
闄や簡Coinbase鐨勮偂紲ㄥ栵紝浼嶅痙榪樺湪澧炴寔鍏朵粬鍔犲瘑璐у竵鐩稿叧璧勪駭銆傝嚜涓婂懆浠ユ潵錛孉RK涓嬩竴浠ｄ簰鑱旂綉宸茬瘡璁¤喘涔45涓囪偂鐏板害姣旂壒甯佷俊鎵橈紝ARK閲戣瀺縐戞妧鍒涙柊鍏鍙稿垯璐涔頒簡閫20涓囪偂SilvergateCapital鑲＄エ錛孲ilvergateCapital鑲′環騫村唴緔璁¤穼騫呬篃宸茬粡瓚呰繃83%銆
闇瑕佷粙緇嶇殑鏄錛屼紞寰鋒帉綆＄殑鏂硅垷鎶曡祫涓鐩撮噸浠撶戞妧鎴愰暱鑲″拰姣旂壒甯侊紝鍏跺湪2020騫磋幏寰椾簡楂樿揪152%鐨勬儕浜哄洖鎶ワ紝涓搴﹁濂変負鍗庡皵琛椻滃コ鑲＄炩濄備絾2022騫翠互鏉ワ紝鐢變簬緹庤仈鍌ㄥ姞鎮錛岀編鑲＄戞妧鑲℃寔緇鏆磋穼錛屽艱嚧鏂硅垷鎶曡祫鏃椾笅鐨勬棗鑸板熀閲戦泦浣撳ぇ璺岋紝鍏朵腑ARKInnovationETF(ARKK)騫村唴鍥炴挙騫呭害宸查珮杈62.7%銆
鈥滃ぇ絀哄ご鈥濈獊鐒跺敱澶
鐩鍓嶏紝鍏充簬緹庤偂甯傚満鐪嬪氱殑澹伴煶浼間箮澶氫簡璧鋒潵銆
榪戞棩錛屾懇鏍瑰＋涓瑰埄棣栧腑緹庡浗鑲＄エ絳栫暐甯圡ikeWilson鍦ㄦ渶鏂扮殑鎶ュ憡涓琛ㄧず錛屾爣鏅500鎸囨暟灝嗗湪2023騫村勾鍒濊Е搴曪紝榪欏皢鏄鐔婂競鐨勬渶鍚庝竴姝ワ紝灝嗙粰緹庤偂鎶曡祫鑰呮彁渚涗竴涓緇濅匠鐨勨滄妱搴曗濇満浼氥
MikeWilson棰勬祴錛屽綋鍓嶇編鍥界唺甯傛垨宸茬粡鎺ヨ繎灝懼０錛2023騫寸涓瀛ｅ害錛岀編鍥借偂甯傛垨灝嗗壋鍑烘柊浣庯紝榪欏皢鏄緇濅匠鐨勪拱鍏ユ満浼氾紝灞曟湜2023騫村勾搴曪紝灝嗙湅鍒扮編鑲′紒涓氱殑鐩堝埄鍐嶆″姞閫熷為暱錛岀編鑲℃湁鏈涢噸鍥炴定鍔褲
鍊煎緱涓鎻愮殑鏄錛學ilson鏄鍗庡皵琛楁渶鐩磋█涓嶈熾佹渶鍧氬畾鍦扮湅絀虹編鍥借偂甯傜殑浜轟箣涓錛屼竴搴﹁縐頒負鍗庡皵琛椻滃ぇ絀哄ご鈥濄備粬姝ゅ墠緇欏嚭鐨勯勬祴鏄錛屾爣鍑嗘櫘灝500鎸囨暟灝嗚穼鑷3000鐐硅嚦3200鐐歸檮榪戱紝鐩歌緝浜庢渶鏂扮偣浣(4003.58鐐)錛屾綔鍦ㄨ穼騫呰揪20%-25%銆
鍦ㄦ渶鏂版姤鍛婁腑錛學ilson璁や負錛岀編鑲″凡緇忓埌浜嗘渶鍚庨樁孌碉紝浣嗘渶鍚庨樁孌靛彲鑳介潪甯稿叿鏈夋寫鎴樻с
2022騫翠互鏉ワ紝緹庤偂甯傚満閬閬囦簡鈥滀笁閲嶆墦鍑燴濓細閫氳揣鑶ㄨ儉銆佸埄鐜囦笂鍗囧拰緹庡浗緇忔祹琛伴棰勬湡錛屽艱嚧鏍囨櫘500鎸囨暟騫村唴璺屽箙瓚17%錛岀撼鏂杈懼厠鎸囨暟騫村唴璺屽箙鏇存槸鎺ヨ繎30%銆
緹庤仈鍌ㄥ湪2022騫村皢鑱旈偊鍩洪噾鍒╃巼浠0%涓婅皟鑷3.75%-4%鐨勫尯闂達紝鍖呮嫭榪炵畫鍥涙″ぇ騫呭姞鎮75涓鍩虹偣銆傚彟涓鏂歸潰錛岄氳揣鑶ㄨ儉鍦10鏈堜喚鏈夋墍緙撹В錛屼絾姣忔湀7.7%鐨勬諱綋閫氳儉鐜囪秴榪囦簡緹庤仈鍌2%鐨勭洰鏍囥
灞曟湜鏈鍛錛岀編鑱斿偍瀹氫簬鍖椾含鏃墮棿鍛ㄥ洓鍑屾櫒3鐐瑰叕甯11鏈堣鎮浼氳鐨勭邯瑕併傞勮¤ユ姤鍛婂皢鎴愪負鏈鏉ュ嚑澶╄緝涓烘竻娣＄殑緹庡浗緇忔祹鍩烘湰闈涓婃渶澶х殑鐒︾偣銆
鑰屽湪姝ゆ椂錛屾棫閲戝北鑱斿偍涓誨腑鎴村埄紿佺劧閲婃斁鈥滈附媧鋸濅俊鍙楓傚叾鍦11鏈21鏃ヨ〃紺猴紝緹庤仈鍌ㄥ姞鎮閫犳垚鐨勫疄闄呭獎鍝嶅彲鑳藉ぇ浜庣洰鍓嶇殑鑱旈偊鍩洪噾鍒╃巼搴旀湁鐨勬按騫熾傜編鑱斿偍鍦ㄥ仛鍑鴻繘涓姝ヨ皟鏁村埄鐜囩殑鍐沖畾鏃訛紝瑕佹椂鍒繪剰璇嗗埌鑱旈偊鍩洪噾鍒╃巼涓庨噾鋙嶅競鍦烘敹緔т箣闂寸殑宸璺濓紝蹇借嗗畠浼氬炲姞榪囧害緔х緝鐨勫彲鑳芥с
緹庡浗澶х艦宸ユ媺鍝嶈︽姤
甯傚満鎷呭咖鐨勭編鍥介搧璺澶х艦宸ワ紝紿佺劧浼犳潵浜嗗嵄闄╀俊鍙楓
褰撳湴鏃墮棿11鏈21鏃ワ紝瀵逛簬閾佽礬鍏鍙告彁鍑虹殑涓欏瑰叧浜庢彁楂樺伐浜哄緟閬囩殑涓存椂鍚堝悓鍗忚錛岀編鍥芥渶澶ч搧璺宸ヤ細SMART-TD浠嶆棫涓嶆弧鎰忥紝浠ュ井寮變紭鍔挎姇紲ㄥ惁鍐充簡榪欓」鍗忚錛岀洿鎺ュぇ騫呭炲姞浜嗙編鍥介搧璺澶х艦宸ョ垎鍙戠殑鍙鑳芥с
SMART-TD宸ヤ細琛ㄧず錛屽皢涓庣編鍥介搧璺鍏鍙稿啀嬈¤皥鍒わ紝浜夊彇鍦12鏈8鏃ユ渶鍚庢湡闄愬墠杈炬垚涓浠戒慨璁㈠崗璁銆傚傛灉娌℃湁杈炬垚鍗忚錛屽伐浜轟滑灝嗗湪12鏈9鏃ヨ繘琛屽ぇ瑙勬ā緗㈠伐銆
鍦ㄦや箣鍓嶏紝緹庡浗宸茬粡鏈3涓閾佽礬宸ヤ細鎷掔粷浜嗚繖浠藉崗璁銆傝繖鎰忓懗鐫錛屼竴鍦烘綔鍦ㄧ殑澶х艦宸ユｅ湪鍚戝嵄闄╄竟緙橀艱繎錛屽亣濡傜編鍥芥斂搴滀笉浠嬪叆鏂℃棆錛屾垨鑰呭伐浼氬拰閾佽礬鍏鍙鎬笉鑳藉湪12鏈8鏃ヤ箣鍓嶉噸鏂拌皥鍒ゅ苟杈炬垚涓浠芥柊鐨勫崗璁錛岀編鍥介搧璺灝嗕粠12鏈9鏃ュ紑濮嬬艦宸ャ
鏈夊垎鏋愪漢澹鎸囧嚭錛屽傛灉緹庡浗閾佽礬浜ら氱垎鍙戝ぇ瑙勬ā緗㈠伐錛屽彲鑳藉艱嚧緹庡浗榪30%鐨勮揣鐗╄繍杈(鎸夐噸閲忚＄畻)鍋滄憜錛岃繖灝嗚繘涓姝ユ帹楂樼編鍥界殑閫氳揣鑶ㄨ儉錛屽苟灝嗗艱嚧緹庡浗緇忔祹姣忓ぉ鎹熷け楂樿揪20浜跨編鍏冿紝浠庤屽紩鍙戜竴緋誨垪褰卞搷緹庡浗鑳芥簮銆佸啘涓氥佸埗閫犱笟銆佸尰鐤椾繚鍋ュ拰闆跺敭琛屼笟鐨勮繍杈撻棶棰樸
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