美國證券交易委員會批准了幾隻現貨以太坊 ETF，這是加密貨幣領域商品化和金融化的重要一步

SEC現已正式批准了多個現貨以太坊ETF，包括Grayscale以太坊信託、Bitwise以太坊ETF、iShares以太坊信託、VanEck以太坊信託、ARK 21Shares以太坊ETF、Invesco Galaxy以太坊ETF、Fidelity以太坊基金，富蘭克林以太坊ETF。

The US Securities and Exchange Commission (SEC) has approved several spot Ethereum ETFs, marking a significant step in the mainstream adoption and financialization of the crypto sector.

美國證券交易委員會 (SEC) 批准了數隻現貨以太坊 ETF，標誌著加密產業的主流採用和金融化邁出了重要一步。

Nasdaq, CBOE, and the New York Stock Exchange (NYSE) had filed applications to list these ETFs, and the SEC had previously requested them to amend these applications. This move hinted at the regulator's impending approval of the investment vehicles.

納斯達克、芝加哥期權交易所和紐約證券交易所（NYSE）已提交了這些 ETF 上市的申請，美國證券交易委員會此前已要求他們修改這些申請。此舉暗示監管機構即將批准投資工具。

Now, several spot Ethereum ETFs have been formally approved by the SEC. These include the Grayscale Ethereum Trust, Bitwise Ethereum ETF, iShares Ethereum Trust, VanEck Ethereum Trust, ARK 21Shares Ethereum ETF, Invesco Galaxy Ethereum ETF, Fidelity Ethereum Fund, and Franklin Ethereum ETF.

目前，已有多隻現貨以太坊ETF獲得美國證券交易委員會（SEC）的正式批准。其中包括 Grayscale 以太坊信託、Bitwise 以太坊 ETF、iShares 以太坊信託、VanEck 以太坊信託、ARK 21Shares 以太坊 ETF、Invesco Galaxy 以太坊 ETF、Fidelity 以太坊基金和 Franklin 以太坊 ETF。

no staking

沒有質押

However, it's important to note that none of the approved ETFs will allow for staking on the Ethereum network. As a reminder, in Ethereum's Proof-of-Stake transaction authentication mechanism, validators can lock up (stake) specific Ether balances in specialized nodes to win the chance to authenticate a particular batch of transactions and receive the transaction fee as a reward.

然而，值得注意的是，所有已批准的 ETF 都不允許在以太坊網路上進行質押。提醒一下，在以太坊的權益證明交易認證機制中，驗證者可以在專門的節點中鎖定（質押）特定的以太幣餘額，以獲得認證特定批次交易並獲得交易費作為獎勵的機會。

This limitation will reduce the yields of spot Ethereum ETFs compared to staking, but it appears to be a necessary opportunity cost to ensure sufficient liquidity for smooth fund operations. This is especially crucial considering Ethereum's standard exit queue, which limits the number of stakers who can exit on a given day.

與質押相比，這項限制將降低現貨以太坊 ETF 的收益率，但這似乎是確保資金順利運作所需的足夠流動性的必要機會成本。考慮到以太坊的標準退出隊列，這一點尤其重要，該隊列限制了在某一天可以退出的質押者數量。

Today's approval of spot Ethereum ETFs comes amid a broader heating up of crypto regulation on Capitol Hill. On May 22, the US House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21), which aims to grant digital assets a commodity status under the regulatory oversight of the Commodity Futures Trading Commission (CFTC) if their associated blockchains or digital ledgers are "functional and decentralized." According to the bill, a digital asset is considered sufficiently decentralized if "no person has unilateral authority to control the blockchain or its usage, and no issuer or affiliated person has control of 20% or more of the digital asset or the voting power of the digital asset."

在今天以太坊 ETF 現貨獲得批准之際，國會山莊的加密貨幣監管正在全面升溫。 5 月 22 日，美國眾議院通過了《21 世紀金融創新與技術法案》（FIT21），該法案旨在賦予數位資產在商品期貨交易委員會（CFTC）監管下的商品地位，前提是其相關區塊鏈或數位分類帳是「功能性且去中心化的」。根據該法案，如果「沒有人擁有單方面權力來控制區塊鏈或其使用，並且沒有發行人或關聯人控制該數位資產的20% 或以上或該數位資產的投票權，則該數位資產被認為是充分去中心化的”。數位資產。”

After initially threatening to veto the bill, US President Biden opted to issue a statement highlighting potential issues with the bill. Meanwhile, SEC Chair Gary Gensler, who stands to lose a significant portion of his agency's authority over the crypto sphere if FIT21 is enacted, also issued a strongly worded statement, arguing that the bill would create "regulatory gaps and undermine decades of precedent regarding the oversight of investment contracts, putting investors and capital markets at immeasurable risk."

在最初威脅要否決該法案後，美國總統拜登選擇發表聲明，強調該法案的潛在問題。同時，如果FIT21 頒布，美國證券交易委員會(SEC) 主席加里·詹斯勒(Gary Gensler) 也將失去其機構在加密貨幣領域的很大一部分權威，他也發表了一份措辭強硬的聲明，認為該法案將造成“監管空白，並破壞數十年來有關加密貨幣領域的先例”。