<p>多样化仍然是投资者策略的核心。</p>
<p>基于此，REX Shares 推出了 REX 增长与收益宇宙 ETF（GIF）。它将其九只 ETF 合并为一个基金，提供包括与加密货币相关资产在内的 “多样化” 投资敞口。</p>
<p>换句话说，与追踪单一资产类别的传统比特币 [BTC] 或以太坊 [ETH] ETF 不同，GIF 将风险分散到多个股票上，涵盖科技、零售、医疗保健和与加密相关的行业，形成一种结构上更广泛的投资方式。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-27-140556.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-27-140556.png"/></p>
<p>来源：Businesswire</p>
<p>从细节来看，九只基础 ETF 中有三只与加密货币直接相关——MSII（以其比特币持有而闻名的策略）、COII（加密货币交易所 Coinbase）和 HOII（提供加密交易的 Robinhood）。</p>
<p>从结构上看，每只 ETF 的目标是实现 1.25 倍的股票敞口，并对大约一半的持仓使用备兑看涨期权以产生每周收入。同时，其余部分继续投资，以便在股票价格上涨时获益。</p>
<p>在实际操作中，REX Shares 试图将稳定的收入与持续的股票上涨相结合，同时保持多样化。然而，正如 AMBCrypto 所指出的，这也提出了一个结构性问题。</p>
<p>最近的周期中，减半后的收益在更大的 ETF 流入中缩小。在这样的环境下，REX Shares 的做法是否反映出向更具风险管理的加密敞口的转变，还是会进一步限制上涨空间？</p>
<h2>REX Shares 的收入策略应对减半后的现实</h2>
<p>传统 ETF 与 REX 之间的区别在于结构。</p>
<p>传统 ETF 通常跟踪一个指数（如比特币），保持 1 倍的敞口，并依赖价格上涨来获得回报。相比之下，REX 的模型通过增加杠杆和备兑看涨期权来产生每周收入。</p>
<p>这有什么重要性？正如 AMBCrypto 所指出的，这里转变变得清晰。REX Shares 倾向于 “工程化收益” 而非纯粹的加密 beta，反映出传统 ETF 中看到的动能减弱。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/IBIT_2026-02-27_14-33-38.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/IBIT_2026-02-27_14-33-38.png"/></p>
<p>来源：TradingView (IBIT/USD)</p>
<p>以黑石的 iShares 比特币信托（IBIT）为例。</p>
<p>在风险规避市场中，IBIT 面临显著的资金流出，放大了下行压力。经过两个连续的负季度，该基金已下降近 50%，突显出与单一资产敞口相关的波动性。</p>
<p>结果？长期的资金流出限制了比特币的积累。另一方面，REX Shares 专注于多样化的敞口和收入生成，而不是仅仅依赖价格波动。这使其更好地与当前减半后的市场现实相一致。</p>
<hr/>
<h2>最终总结</h2>
<ul>
<li><em>REX Shares 的 GIF 结合了九只 ETF，使用适度的杠杆和备兑看涨期权来产生每周收入。</em></li>
<li><em>与纯加密 ETF 不同，REX 的结构强调多样化，使其更好地与当前减半后的市场环境相一致。</em></li>
</ul>
<hr/>

BITF

HOOD

RIOT

<p>REX Shares 推出了 REX 增长与收益宇宙 ETF（GIF），该 ETF 结合了九只 ETF，以实现多元化的投资组合，包括与加密货币相关的资产。与传统 ETF 不同，GIF 采用适度的杠杆和备兑看涨期权来产生每周收入，同时将风险分散到各个行业。这种方法旨在平衡稳定的收入与股票的上涨，解决当前减半后市场面临的挑战。REX 的策略反映了向风险管理的加密货币投资的转变，与仅依赖价格上涨的传统 ETF 形成对比</p>

<p>Diversification remains central to investor strategy.</p>
<div class="lb-trans"><p>多样化仍然是投资者策略的核心。</p>
</div><p>Leaning into that, REX Shares has introduced the REX Growth &amp; Income Universe ETF (GIF). It combines its nine ETFs into a single fund, offering “diversified” exposure that includes crypto-linked assets.</p>
<div class="lb-trans"><p>基于此，REX Shares 推出了 REX 增长与收益宇宙 ETF（GIF）。它将其九只 ETF 合并为一个基金，提供包括与加密货币相关资产在内的 “多样化” 投资敞口。</p>
</div><p>In other words, unlike traditional Bitcoin [BTC] or Ethereum [ETH] ETFs that track a single asset class, GIF spreads risk across multiple stocks spanning tech, retail, healthcare, and crypto-related sectors, making it a structurally broader investment approach.</p>
<div class="lb-trans"><p>换句话说，与追踪单一资产类别的传统比特币 [BTC] 或以太坊 [ETH] ETF 不同，GIF 将风险分散到多个股票上，涵盖科技、零售、医疗保健和与加密相关的行业，形成一种结构上更广泛的投资方式。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-27-140556.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-27-140556.png"/></p>
<p>Source: Businesswire</p>
<div class="lb-trans"><p>来源：Businesswire</p>
</div><p>Looking at the details, three of the nine underlying ETFs are directly crypto-linked – MSII (Strategy, known for its BTC holdings), COII (Coinbase, a crypto exchange), and HOII (Robinhood, which offers crypto trading).</p>
<div class="lb-trans"><p>从细节来看，九只基础 ETF 中有三只与加密货币直接相关——MSII（以其比特币持有而闻名的策略）、COII（加密货币交易所 Coinbase）和 HOII（提供加密交易的 Robinhood）。</p>
</div><p>From a structure standpoint, each ETF targets 1.25x exposure to its stock and uses covered calls on roughly half of its holdings to generate weekly income. All while the rest remains invested to benefit if the stock price rises.</p>
<div class="lb-trans"><p>从结构上看，每只 ETF 的目标是实现 1.25 倍的股票敞口，并对大约一半的持仓使用备兑看涨期权以产生每周收入。同时，其余部分继续投资，以便在股票价格上涨时获益。</p>
</div><p>In practical terms, REX Shares is trying to mix steady income with sustained stock upside, while keeping diversification intact. However, as noted by AMBCrypto, this also raises a structural question.</p>
<div class="lb-trans"><p>在实际操作中，REX Shares 试图将稳定的收入与持续的股票上涨相结合，同时保持多样化。然而，正如 AMBCrypto 所指出的，这也提出了一个结构性问题。</p>
</div><p>Recent cycles have seen halving returns shrink amid heavier ETF flows. In such an environment, does REX Shares’ approach reflect a shift towards more risk-managed crypto exposure, or does it risk further capping the upside?</p>
<div class="lb-trans"><p>最近的周期中，减半后的收益在更大的 ETF 流入中缩小。在这样的环境下，REX Shares 的做法是否反映出向更具风险管理的加密敞口的转变，还是会进一步限制上涨空间？</p>
</div><h2>REX Shares’ income strategy meets post-halving reality</h2>
<div class="lb-trans"><h2>REX Shares 的收入策略应对减半后的现实</h2>
</div><p>The difference between traditional ETFs and REX lies in the structure.</p>
<div class="lb-trans"><p>传统 ETF 与 REX 之间的区别在于结构。</p>
</div><p>Traditional ETFs typically track an index (like Bitcoin), maintain 1x exposure, and rely on price appreciation for returns. REX’s model, by contrast, layers in leverage and covered calls to generate weekly income.</p>
<div class="lb-trans"><p>传统 ETF 通常跟踪一个指数（如比特币），保持 1 倍的敞口，并依赖价格上涨来获得回报。相比之下，REX 的模型通过增加杠杆和备兑看涨期权来产生每周收入。</p>
</div><p>Why does that matter? As AMBCrypto notes, this is where the shift becomes clear. REX Shares is leaning towards “engineered yield” over pure crypto beta, reflecting the cooling momentum seen in traditional ETFs.</p>
<div class="lb-trans"><p>这有什么重要性？正如 AMBCrypto 所指出的，这里转变变得清晰。REX Shares 倾向于 “工程化收益” 而非纯粹的加密 beta，反映出传统 ETF 中看到的动能减弱。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/IBIT_2026-02-27_14-33-38.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/IBIT_2026-02-27_14-33-38.png"/></p>
<p>Source: TradingView (IBIT/USD)</p>
<div class="lb-trans"><p>来源：TradingView (IBIT/USD)</p>
</div><p>Take BlackRock’s iShares Bitcoin Trust (IBIT) as a case in point.</p>
<div class="lb-trans"><p>以黑石的 iShares 比特币信托（IBIT）为例。</p>
</div><p>In risk-off markets, IBIT sees significant outflows, amplifying downside pressure. With two consecutive negative quarters, the fund has declined by nearly 50%, underscoring the volatility tied to single-asset exposure.</p>
<div class="lb-trans"><p>在风险规避市场中，IBIT 面临显著的资金流出，放大了下行压力。经过两个连续的负季度，该基金已下降近 50%，突显出与单一资产敞口相关的波动性。</p>
</div><p>The result? Prolonged outflows limit BTC accumulation. REX Shares, on the other hand, focuses on a mix of diversified exposure and income generation rather than relying solely on price movements. This makes it better aligned to the current post-halving market reality.</p>
<div class="lb-trans"><p>结果？长期的资金流出限制了比特币的积累。另一方面，REX Shares 专注于多样化的敞口和收入生成，而不是仅仅依赖价格波动。这使其更好地与当前减半后的市场现实相一致。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><h2>Final Summary</h2>
<div class="lb-trans"><h2>最终总结</h2>
</div><ul>
<li><em>REX Shares’ GIF combines nine ETFs, using modest leverage and covered calls to generate weekly income.</em></li>
<li><em>Unlike pure crypto ETFs, REX’s structure emphasizes diversification, making it better aligned with the current post-halving market environment.</em></li>
</ul>
<div class="lb-trans"><ul>
<li><em>REX Shares 的 GIF 结合了九只 ETF，使用适度的杠杆和备兑看涨期权来产生每周收入。</em></li>
<li><em>与纯加密 ETF 不同，REX 的结构强调多样化，使其更好地与当前减半后的市场环境相一致。</em></li>
</ul>
</div><hr/>
<div class="lb-trans"><hr/>
</div>

REX Shares bundles 9 ETFs into one GIF fund – Diversification or dilution?

Amb Crypto

Bitfarms Canada

Robinhood

Riot Platforms

Grayscale Litecoin Trust (LTC)

BTCS

WisdomTree Bitcoin Fund

Fidelity Wise Origin Bitcoin Fund - ETF

REX NVDA Growth & Income ETF

Bitwise Bitcoin ETF

GraniteShares 2x Long MSTR Daily ETF

2 倍做多 HOOD ETF - T-Rex

COIN 周收益 ETF - Roundhill

Leverage Shares 2X Long CRWV Daily ETF

Bitwise Ethereum ETF

PLTR 周收益 ETF - Roundhill

ProShares Bitcoin Strategy ETF

2 倍做多 TSLA ETF - GraniteShares

2 倍做多加密货币行业 ETF - Direxion

REX PLTR Growth & Income ETF

Valkyrie Bitcoin and Ether Strategy ETF

VanEck Ethereum ETF

VanEck Bitcoin ETF

Grayscale Ethereum Mini Staking ETF

Defiance Leveraged Long +Income PLTR ETF

Bitwise Solana Staking ETF

Franklin Ethereum ETF

T-REX 2X Long CRWV Daily Target ETF

21Shares Ethereum ETF

YieldMax Short COIN Option Income Strategy ETF

Leverage Shares 2x Cpd Acclrtd MSTRMnETF

纳斯达克 NexGen 经济 ETF - Reality Shares

Roundhill MSTR WeeklyPay ETF

REX LLY Growth & Income ETF

2 倍做多 Robinhood ETF - Leverage Shares

2 倍做多 MSTR ETF - Defiance

2 倍做多 COIN ETF - GraniteShares

YieldMax COIN Option Income Strategy ETF

CoinShares Bitcoin ETF

IShares Ethereum Trust ETF

REX TSLA Growth & Income ETF

2 倍做多 Palantir ETF - Direxion

REX WMT Growth & Income ETF

2 倍做多 HOOD ETF - Defiance

REX MSTR Growth & Income ETF

Leverage Shares 2X Long CRCL Daily ETF

iShares Bitcoin Trust ETF

Invesco Galaxy Bitcoin ETF

Defiance Leveraged Long + Inc MSTR ETF

2 倍做多英伟达 ETF - GraniteShares

2 倍做多 Coinbase ETF - Leverage Shares

Invesco Galaxy Ethereum ETF

Keel Infrastructure

REX Shares 将 9 只 ETF 合并为一个 GIF 基金——这是多元化还是稀释？