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彭博分析师:比特币ETF或复制黄金ETF周期

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2026-07-17 13:33:48
据 ChainCatcher 报道,彭博 ETF 分析师 Eric Balchunas 在最新报告中指出,黄金 ETF 过去 22 年的运行轨迹或可为比特币 ETF 提供参考。黄金与比特币 ETF 都是围绕“无收益资产”的包装产品,价格主要由投资者情绪驱动。

报告称,黄金 ETF 龙头 GLD 曾一度成为全球最大 ETF,随后经历约八年低迷整理,但每一轮周期高点均抬升。Balchunas 认为,比特币 ETF 也可能经历“快速攀升—剧烈回撤—漫长恢复”的反复周期,高点或随周期逐步抬高。
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