时至2026年，比特币与以太坊在2025年创下历史新高（ATH）后，正经历价格回落。对于寻求长期价值 存储、旨在抓住下一个周期机会的投资者而言，当前时点被一些分析师视为重要的战略配置窗口。然 而，选择合适的购买渠道，其重要性不亚于选择标的本身。本文将从长期投资视角出发，深度解析五大 核心购买渠道的优劣，并提供详实的数据与对比，助您在2026年做出最明智的资产配置决策。 一、 长期视角：为何主流数字货币是资产配置的重要一环 根据CoinMarketCap的历史数据，三大主流数字资产在2025年创下历史新高，下表展示了其增长轨迹及 当前市场位置。 | 资产。 | 2020年底价 | 2025年 ATH | 2025年底 | 5年表计回报 | 核心价值主张, | | --- | --- | --- | --- | --- | --- | | | 格, | 价格。 | 价格。 | 网 | | | 比特币· | ~$29.000+ | ~$112,000~ | ~$87000~ | 200.00% + | 数字黄金,价值存储,机构采用。 | | (BTC)+ | | | | | 的是在 | | 以太坊· | ~$750 ...

The crypto market is trading lower today, with total market capitalization slipping by 1.1% over the past 24 hours to $3.02 trillion, according to market data. The pullback comes amid broad weakness across major assets, while trading activity remains elevated, with 24-hour volume at $98.49 billion. TLDR: Crypto market cap fell 1.1% to $3.02T, with broad losses across major assets; Galaxy Research says Bitcoin has not truly cleared $100K when adjusted for inflation; BTC is consolidating near $87K, wi ...

（来源：吴说） 来源：市场资讯 吴说获悉，纳斯达克上市公司 Upexi（UPXI） 宣布已向美国 SEC 提交 Form S-3 架式注册声明，计划在 注册生效后取消此前未动用的股权融资额度。公司称，Shelf 注册将提升筹资灵活性、降低成本，并仅 在有利于提升"每股 Solana 调整值"时启用。Upexi 定位为 Solana 金库公司，目前持有超 200 万枚 SOL。 ...

The crypto market is up today, for a second day in a row, with the cryptocurrency market capitalisation rising by 1.5%, now standing at $3.1 trillion. 99 of the top 100 coins have gone down over the past 24 hours. At the same time, the total crypto trading volume is at $144 billion. TLDR: The crypto market capitalisation rose on Tuesday morning (UTC) back above $3 trillion; 85 of the top 100 coins and 9 of the top 10 coins have gone up today; BTC increased by 0.7% to $87,692, and ETH rose by 2.7% to $2,91 ...

Core Insights - Forward Industries, a Nasdaq-listed company, has provided an update on its treasury holdings, specifically in Solana (SOL) [1] Group 1: Treasury Holdings - As of November 15, 2025, the company holds a total of 6,910,568 SOL [1] - Since its inception, the company has cumulatively purchased 6,834,505.96 SOL, with a net acquisition cost of $232.08 per SOL, amounting to a total investment of approximately $1.59 billion [1] Group 2: Staking and Returns - The company has indicated that nearly all of its SOL holdings are currently staked [1] - The annualized total return (before fees) from its validator node infrastructure since establishment is 6.82% [1]

Core Insights - Forward Industries, a Nasdaq-listed company, reported its latest treasury update, holding a total of 6,910,568 Solana (SOL) tokens as of November 15, 2025 [1] - The company has cumulatively purchased 6,834,505.96 SOL since its inception, with a net acquisition cost of $232.08 per SOL, amounting to a total investment of approximately $1.59 billion [1] - Almost all SOL tokens are currently staked, with an annualized total return rate (before fees) of 6.82% from its validator node infrastructure since establishment [1]

Market Overview - The cryptocurrency market capitalization decreased by 3.9% to $3.54 trillion, while the 24-hour trading volume increased to $223 billion, indicating a slight uptick in trading activity despite the overall market decline [1][8]. Crypto Performance - Among the top 10 cryptocurrencies, 9 experienced losses in the past 24 hours, with Bitcoin (BTC) down 2.8% to $104,577 and a market cap of approximately $2.08 trillion. Ethereum (ETH) fell 6.4% to $3,493, and BNB (BNB) lost 8.3%, trading at $946 [3][8]. - Other notable declines included XRP (XRP) down 6.7% to $2.25 and Solana (SOL) down 11.0% to $157. Dogecoin (DOGE) slipped 6.6% to $0.1625, while Cardano (ADA) fell 7.4% to $0.5349 [4][8]. Altcoin Highlights - Despite the downturn, some altcoins showed significant gains, with Jelly-My-Jelly (JMJ) surging 183.3%, Decred (DCR) increasing by 150%, and Zcash (ZEC) rising 19.4%. Trending tokens included Dash, Decred, and Zcash, reflecting renewed interest in privacy and masternode-based cryptocurrencies [4]. Institutional Activity - Michael Saylor's firm, Strategy, announced plans to launch a Euro-denominated credit instrument, STRE, aimed at European and global institutional investors. The company plans to offer 3.5 million shares of its 10% Series A Perpetual Preferred Stock, with proceeds intended for general corporate use and additional Bitcoin acquisitions [5]. - Strategy also made a recent Bitcoin purchase of 397 BTC worth $45.6 million between October 27 and November 2 [6]. Market Sentiment - The Fear & Greed Index dropped to 27 (Fear) from 36 the previous day, indicating a shift in market sentiment. Bitcoin ETFs saw outflows of $186.5 million, while Ethereum ETFs recorded $135.76 million in outflows. In contrast, Solana ETFs experienced inflows of $70.05 million [8]. - On-chain data suggests that institutional accumulation of Bitcoin has slowed, with inflows falling below new Bitcoin issuance for the first time in seven months [9].

Market Overview - The global crypto market capitalization has decreased by 3.5% to $3.69 trillion, with a 24-hour trading volume of $143.9 billion, indicating a slight recovery in market activity after a volatile weekend [1][8]. Cryptocurrency Performance - Major cryptocurrencies are experiencing declines, with Bitcoin (BTC) down 2.9% to $107,896 and a market cap of $2.15 trillion, while Ethereum (ETH) fell 4.5% to $3,713 [3][8]. - Other notable declines include BNB (down 6.3% to $1,018), Solana (SOL down 5.6% to $175.45), XRP (down 5.3% to $2.40), and Dogecoin (DOGE down 6.6% to $0.1744) [3][4][8]. Altcoin Movements - Despite the overall downturn, some altcoins have shown significant gains, such as Jelly-My-Jelly (JMJ) which surged 91.3%, OG up 38.3%, and DigiByte up 27.6% [4]. Market Sentiment and Whale Activity - The market sentiment remains cautious, with Bitcoin dominance stable above 44%. Traders are monitoring for potential short-term corrections due to selling pressure [5]. - Two prominent Bitcoin whales have transferred over $1.8 billion in BTC to exchanges, raising concerns about potential sell-offs. Notably, BitcoinOG transferred approximately 13,000 BTC ($1.48 billion) to Kraken, while Owen Gunden moved 3,265 BTC ($364.5 million) [6][8]. ETF Movements - Bitcoin ETFs experienced outflows of $191.6 million, while Ethereum ETFs lost $98.2 million. In contrast, Solana ETFs gained $44.48 million [8]. Broader Economic Context - The market's weak risk appetite is influenced by the Federal Reserve's cautious tone regarding rate cuts and thin liquidity in Asian markets. The Fear & Greed Index has dropped to 36, indicating a state of fear among investors [8].

Core Insights - Bitcoin surpassed $113,000, marking its highest level in nearly two weeks, driven by positive developments in US-China trade talks [1] - A preliminary consensus was reached on key issues such as export controls and tariffs, alleviating fears of escalating trade tensions [2] - The overall crypto market capitalization increased by 1.8% to $3.72 trillion, indicating a recovery from previous declines [4] Market Reactions - US and Asian equity futures rose, while gold prices slightly decreased, reflecting a shift towards risk assets [3] - Major cryptocurrencies like ether (ETH), BNB, and Solana (SOL) experienced gains, with ether rising 2.6% to around $4,060 [3] - XRP saw a 2.3% increase to $2.64, continuing its rally linked to ETF optimism, while Tron’s TRX was the only major token to decline, falling 2.9% [3] Future Outlook - The upcoming Federal Reserve policy meeting is anticipated to influence market trends, with a dovish tone potentially supporting further breakout in crypto prices [5] - The easing of geopolitical tensions has provided a temporary relief for traders, helping to stabilize the market after a period of volatility [4][5]

Core Insights - The Hong Kong Securities and Futures Commission (SFC) has officially approved Asia's first spot exchange-traded fund (ETF) directly investing in Solana (SOL), marking a significant milestone in the global cryptocurrency market [1][4][16] - This approval positions Hong Kong as a leading region for regulated cryptocurrency investment products, reinforcing its ambition to become a global virtual asset hub [4][16] Group 1: Product Information - The "Huaxia Solana ETF," issued by China Asset Management (Hong Kong), will be listed on the Hong Kong Stock Exchange (HKEX) on October 27, 2025, with three trading counters in HKD, RMB, and USD [6] - The ETF is a physically-backed fund, meaning it will hold 100% of real SOL tokens, closely tracking the CME CF Solana-USD Index [6] - The management fee is set at 0.99%, with an estimated total expense ratio (TER) of about 1.99%, and a minimum initial investment of approximately $100 [6] Group 2: Market Impact - The launch of the Solana spot ETF is seen as a potential entry point for institutional funds and a test of market liquidity, with JP Morgan predicting an influx of $1 billion to $1.5 billion in the first year [8][12] - Following the announcement, SOL's trading volume surged by 40% to $8 billion, indicating market maturity and caution as investors await the ETF's actual market performance [8][9] - The local ETF is expected to enhance liquidity during Asian trading hours, providing compliant channels for hedging and arbitrage, which may stabilize price discovery [9] Group 3: Regulatory Landscape - Hong Kong's dual-track strategy balances innovation and regulation, allowing compliant crypto investment products while maintaining vigilance against market risks [4][16] - In contrast, the U.S. is lagging in the approval of Solana spot ETFs due to regulatory delays, with several asset management firms awaiting SEC decisions [12][13] - Despite the delays, analysts remain optimistic about the potential approval of U.S. Solana ETFs, predicting a first-year influx of around $1.5 billion once approved [13]