資產管理公司申請更多加密貨幣 ETF

Canary 提交新文件之際，該公司上週提交了現貨 XRP ETF 的 S-1 註冊。此前，另一家加密貨幣基金管理公司 Bitwise 也向 SEC 提出了類似的現貨 XRP ETF 申請。

Several asset managers have filed new applications with the U.S. Securities and Exchange Commission (SEC) for exchange-traded funds (ETFs) that offer direct exposure to cryptocurrencies, including Litecoin, XRP, and a multi-token fund.

多家資產管理公司已向美國證券交易委員會 (SEC) 提交了新的交易所交易基金 (ETF) 申請，這些基金可直接投資加密貨幣，包括萊特幣、XRP 和多代幣基金。

The latest filing by Canary comes as the firm submitted an S-1 registration for a spot XRP ETF last week. Prior to this, another crypto fund manager, Bitwise, lodged a similar application with the SEC for a spot XRP ETF.

Canary 提交最新文件之際，該公司上週提交了現貨 XRP ETF 的 S-1 註冊。此前，另一家加密貨幣基金管理公司 Bitwise 也向 SEC 提出了類似的現貨 XRP ETF 申請。

The XRP token, launched by the crypto payments platform Ripple in 2012, has a complicated history with regulators. In 2020, the SEC filed a lawsuit against Ripple, accusing the company of conducting an unregistered securities offering through the sale of XRP.

XRP 代幣由加密支付平台 Ripple 於 2012 年推出，與監管機構有著複雜的歷史。 2020年，SEC對Ripple提起訴訟，指控該公司透過銷售XRP進行未經註冊的證券發行。

Last year, Ripple scored a partial legal victory when a federal judge ruled that the programmatic sale of XRP to retail investors did not qualify as a securities transaction. Nevertheless, the overall regulatory uncertainty around XRP continues to cast a shadow over the approval prospects for such ETFs.

去年，聯邦法官裁定向散戶投資者程序化銷售 XRP 不符合證券交易資格，Ripple 取得了部分法律勝利。儘管如此，XRP 的整體監管不確定性仍繼續為此類 ETF 的批准前景蒙上陰影。

In other news, Grayscale Investments has filed an application to convert its multi-token fund, the Grayscale Digital Large Cap Fund (GDLC), into an ETF, according to paperwork submitted with the SEC.

其他消息顯示，根據向 SEC 提交的文件，Grayscale Investments 已提交申請，將其多代幣基金 Grayscale Digital Large Cap Fund (GDLC) 轉換為 ETF。

The fund tracks the CoinDesk Large Cap Select Index, which represents the market cap-weighted performance of five major cryptocurrencies, including Bitcoin, Ethereum, Solana, XRP, and Avalanche.

該基金追蹤 CoinDesk 大盤股精選指數，該指數代表了五種主要加密貨幣的市值加權表現，包括比特幣、以太幣、Solana、XRP 和 Avalanche。

If approved, the GDLC fund, which currently trades over-the-counter, will be listed on the New York Stock Exchange (NYSE).

如果獲得批准，目前在場外交易的 GDLC 基金將在紐約證券交易所（NYSE）上市。

The NYSE has already submitted a 19b-4 filing to the SEC as of Tuesday to facilitate this conversion.

截至週二，紐約證券交易所已向 SEC 提交了 19b-4 文件，以促進這項轉換。

The latest filing marks a potential Grayscale’s fifth ETF launch this year, following the conversion of the Grayscale Bitcoin Trust (GBTC) and the Grayscale Ethereum Trust (ETHE), along with two smaller versions of these funds earlier in the year.

最新的文件標誌著灰階今年可能推出第五隻 ETF，此前灰階比特幣信託 (GBTC) 和灰階以太坊信託 (ETHE) 以及今年早些時候這些基金的兩個較小版本進行了轉換。

Nate Geraci, president of financial advisory firm The ETF Store, weighed in on the developments. “In short-term, this is likely [a] call option on November election,” Nate Geraci, president of financial advisory The ETF Store, said in a post on the X platform.

金融顧問公司 The ETF Store 總裁 Nate Geraci 對事態發展發表了看法。 「短期來看，這可能是 11 月大選的看漲期權，」財務諮詢公司 The ETF Store 總裁 Nate Geraci 在 X 平台上的一篇貼文中表示。

“Politics clearly matter here in the short-term, but I think this is all inevitable over time,” Geraci added.

「政治在短期內顯然很重要，但我認為隨著時間的推移，這都是不可避免的，」傑拉奇補充道。

Bitwise positioning to file for XRP ETF is highly noteworthy IMO…

在我看來，以定位方式申請 XRP ETF 是非常值得注意的…

In short-term, this is likely call option on November election.

短期來看，這可能是 11 月大選的買權。

But Bitwise is highly credible crypto-native fund firm that doesn’t just throw stuff at wall.

但 Bitwise 是一家高度可信的加密貨幣本土基金公司，它不只是把東西丟到牆上。

That's simply not in their DNA.

這根本就不是他們的基因。

This is strategic.

這是戰略性的。

— Nate Geraci (@NateGeraci) October 2, 2024

— 內特·傑拉奇 (@NateGeraci) 2024 年 10 月 2 日

The submission of the S-1 form is only the initial step to launch a Litecoin ETF. The SEC must still review the documents and authorize a rule change that would allow a national securities exchange to list the proposed ETF.

提交 S-1 表格只是推出萊特幣 ETF 的第一步。美國證券交易委員會仍須審查這些文件並授權修改規則，以允許國家證券交易所上市擬議的 ETF。

The regulatory process typically takes several months. While the SEC has already approved spot Bitcoin and Ethereum ETFs earlier this year, there are still concerns regarding ETFs focused on other digital assets like Litecoin, XRP, or Solana.

監管過程通常需要幾個月的時間。儘管 SEC 今年稍早批准了比特幣和以太坊 ETF 現貨，但對於專注於萊特幣、XRP 或 Solana 等其他數位資產的 ETF 仍然存在擔憂。

The SEC has historically required a regulated futures market to exist for a crypto asset before approving a spot ETF based on it, a condition met by Bitcoin and Ethereum but not yet by Litecoin, XRP, or Solana.

SEC 歷來要求加密資產必須存在受監管的期貨市場，然後才能批准基於該資產的現貨 ETF，比特幣和以太坊滿足這一條件，但萊特幣、XRP 或 Solana 尚未滿足。

Political factors may also influence the SEC’s decisions on cryptocurrency regulation. According to a recent report by Galaxy Research, Vice President Kamala Harris, who is running for the presidency, has shown a more favorable stance toward cryptocurrency than current President Joe Biden.

政治因素也可能影響 SEC 對加密貨幣監管的決定。根據 Galaxy Research 最近的一份報告，正在競選總統的副總統卡馬拉·哈里斯 (Kamala Harris) 對加密貨幣表現出了比現任總統喬·拜登 (JoeBiden) 更有利的立場。

TRIGGER ALERT ?

觸發警報?

i’m releasing our policy scorecard on the positions of biden, harris, and trump on major bitcoin & crypto issues

我將發布關於拜登、哈里斯和川普在主要比特幣和加密貨幣問題上立場的政策記分卡

bottom line: while trump is undoubtedly more favorable for the industry, we’re optimistic that harris could be more supportive than biden has been pic.twitter.com/qNKeLtppcS

底線：雖然川普無疑對該行業更有利，但我們樂觀地認為哈里斯可能比拜登更支持 pic.twitter.com/qNKeLtppcS

— Alex Thorn (@intangiblecoins) October 14, 2024

— 亞歷克斯·索恩 (@intangiblecoins) 2024 年 10 月 14 日

Under the Biden administration, the SEC has pursued an aggressive regulatory approach, launching over 100 enforcement actions against crypto firms. On the other hand, Harris, in her campaign, has promised to encourage “innovative technologies” such as cryptos.

在拜登政府的領導下，美國證券交易委員會採取了積極的監管措施，針對加密貨幣公司發起了 100 多項執法行動。另一方面，哈里斯在競選中承諾鼓勵加密貨幣等「創新技術」。

However, she is not as supportive of the industry as her rival, former President Donald Trump. In July, Trump promised to dismiss SEC Chair Gary Gensler if he is re-elected.

然而，她並不像她的競爭對手、前總統唐納德·川普那樣支持該行​​業。 7 月，川普承諾，如果連任，將解僱 SEC 主席加里·詹斯勒 (Gary Gensler)。

A wave of new applications for various crypto products has occurred amid a dynamic political environment. However, there are still concerns regarding ETFs focused on other digital assets like Litecoin, XRP, or Solana.

在動態的政治環境中，出現了各種加密產品的新應用浪潮。然而，對於專注於萊特幣、XRP 或 Solana 等其他數位資產的 ETF 仍然存在擔憂。

For one, the SEC has historically required a regulated futures market to exist for a crypto asset before approving a spot ETF based on it, a condition not yet met by Litecoin, XRP, or Solana.

首先，美國證券交易委員會歷來要求加密資產必須存在受監管的期貨市場，然後才能批准基於該資產的現貨 ETF，而萊特幣、XRP 或 Solana 尚未滿足這一條件。

A Litecoin ETF is an exchange-traded fund that seeks to

萊特幣 ETF 是一種交易所交易基金，旨在