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\u3053\u306e\u52d5\u304d\u306f\u3001SEC\u304c\u4e3b\u8981\u306a$198\u5104\u30b0\u30ec\u30a4\u30b9\u30b1\u30fc\u30eb\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u30c8\u30e9\u30b9\u30c8\uff08GBTC\uff09\u3092\u30b9\u30dd\u30c3\u30c8\u30d9\u30fc\u30b9\u306eETF\u306b\u8ee2\u63db\u3059\u308b\u306e\u3092\u30b0\u30ec\u30a4\u30b9\u30b1\u30fc\u30eb\u304c\u6570\u30f6\u6708\u5f85\u3063\u305f\u5f8c\u306b\u8d77\u3053\u308a\u307e\u3059\u3002\u30b0\u30ec\u30a4\u30b9\u30b1\u30fc\u30eb\u306f\u6628\u5e7410\u6708\u306b\u6700\u521d\u306bSEC\u306b\u7533\u8acb\u3092\u63d0\u51fa\u3057\u307e\u3057\u305f\u304c\u3001\u898f\u5236\u5f53\u5c40\u306f\u305d\u306e\u6c7a\u5b9a\u30922\u56de\u5ef6\u671f\u3057\u3001\u6700\u7d42\u7684\u306a\u8a55\u6c7a\u306f7\u67086\u65e5\u306b\u884c\u308f\u308c\u308b\u4e88\u5b9a\u3067\u3059\u3002<\/p>\n\n\n\n
Blockchain Association \u306e\u30dd\u30ea\u30b7\u30fc\u8cac\u4efb\u8005\u3067\u3042\u308b Jake Chervinsky \u6c0f\u306f\u3001Grayscale \u306e\u6cd5\u52d9\u30c1\u30fc\u30e0\u3078\u306e\u65b0\u305f\u306a\u8ffd\u52a0\u306f\u5f37\u529b\u306a\u52d5\u304d\u3067\u3042\u308b\u3068\u8003\u3048\u3066\u304a\u308a\u3001SEC \u304c\u6765\u6708\u7533\u8acb\u3092\u5374\u4e0b\u3059\u308b\u3053\u3068\u3092\u6c7a\u5b9a\u3057\u305f\u5834\u5408\u3001\u300c\u6cd5\u7684\u306a\u6311\u6226\u3092\u4e57\u308a\u5207\u308b\u300d\u53ef\u80fd\u6027\u306f\u307b\u3068\u3093\u3069\u306a\u3044\u3068\u4e3b\u5f35\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n
\u30b0\u30ec\u30a4\u30b9\u30b1\u30fc\u30eb\u306f\u3001\u30d0\u30e9\u30af\u30fb\u30aa\u30d0\u30de\u306e\u4efb\u671f\u4e2d\u306b 2011 \u5e74\u304b\u3089 2016 \u5e74\u307e\u3067\u7c73\u56fd\u6cd5\u52d9\u9577\u5b98\u3092\u52d9\u3081\u305f\u30c9\u30ca\u30eb\u30c9 B. \u30f4\u30a7\u30ea\u30ea \u30b8\u30e5\u30cb\u30a2\u3092\u96c7\u3063\u3066\u3001\u6cd5\u52d9\u30c1\u30fc\u30e0\u3092\u5f37\u5316\u3057\u307e\u3057\u305f\u3002 Verrilli Jr. \u306f\u73fe\u5728\u3001\u6cd5\u5f8b\u4e8b\u52d9\u6240 Munger, Tolles & Olson \u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u3092\u52d9\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n
\u4eca\u5e74\u521d\u3081\u3001Greyscale\u306e\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u3067\u3042\u308bMichael Sonnenshein\u306f\u3001SEC\u304c\u7533\u8acb\u3092\u62d2\u5426\u3057\u305f\u5834\u5408\u3001\u5f7c\u306e\u4f1a\u793e\u306f\u884c\u653f\u624b\u7d9a\u6cd5\uff08APA\uff09\u306b\u57fa\u3065\u304f\u8a34\u8a1f\u306e\u63d0\u8d77\u3092\u691c\u8a0e\u3059\u308b\u3068\u8ff0\u3079\u307e\u3057\u305f\u3002<\/p>\n\n\n\n
Sonnenshein\u306f\u3001\u904e\u53bb\u306b\u4f55\u5ea6\u3082\u3053\u306e\u6a5f\u95a2\u3092\u6279\u5224\u3057\u3066\u304a\u308a\u300110\u6708\u306b\u6697\u53f7\u5148\u7269ETF\u306e\u63d0\u4f9b\u3092\u627f\u8a8d\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n
\u30b0\u30ec\u30a4\u30b9\u30b1\u30fc\u30eb\u306f\u3001\u30d9\u30ea\u30ea\u304c\u7c73\u56fd\u6700\u9ad8\u88c1\u5224\u6240\u306750\u4ef6\u4ee5\u4e0a\u306e\u8a34\u8a1f\u306b\u53c2\u52a0\u3057\u3001\u305d\u306e\u3044\u304f\u3064\u304b\u306b\u306f\u884c\u653f\u624b\u7d9a\u6cd5\uff08APA\uff09\u9055\u53cd\u304c\u542b\u307e\u308c\u3066\u3044\u308b\u3068\u30c4\u30a4\u30fc\u30c8\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n
\u6697\u53f7\u6295\u8cc7\u30b5\u30fc\u30d3\u30b9\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u3067\u3042\u308b Verrilli \u6c0f\u306f\u3001\u7c73\u56fd\u3067\u6700\u3082\u7d4c\u9a13\u8c4a\u5bcc\u306a\u5f01\u8b77\u58eb\u306e 1 \u4eba\u3067\u3042\u308a\u3001\u300c\u6cd5\u7406\u8ad6\u3001\u884c\u653f\u624b\u7d9a\u304d\u3001\u304a\u3088\u3073\u53f8\u6cd5\u90e8\u9580\u3068\u306e\u5b9f\u52d9\u4e0a\u306e\u554f\u984c\u3092\u6df1\u304f\u7406\u89e3\u3057\u3066\u3044\u308b\u300d\u3068\u8ff0\u3079\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n
\u300c\u6295\u8cc7\u5bb6\u3068\u4e00\u822c\u5927\u8846\u306e\u305f\u3081\u306e\u524d\u5411\u304d\u306a\u89e3\u6c7a\u306b\u5411\u3051\u3066\u53d6\u308a\u7d44\u3093\u3067\u3044\u308b\u4e2d\u3001\u5f7c\u304c\u79c1\u305f\u3061\u306e\u30c1\u30fc\u30e0\u306b\u52a0\u308f\u308b\u3053\u3068\u306b\u8208\u596e\u3057\u3066\u3044\u307e\u3059\u3002\u300d<\/p>
<\/p><\/blockquote>","protected":false},"excerpt":{"rendered":"
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