貝萊德文件以實現現代創建和贖回以太坊信託（ETHA）共享

貝萊德（Blackrock

Investment firm BlackRock has filed an amendment with the Securities and Exchange Commission (SEC) to enable in-kind creation and redemption of ETF shares for its iShares Ethereum Trust (ETHA) ETF.

投資公司BlackRock已向美國證券交易委員會（SEC）提起了一項修正案，以實現其實物創建和贖回其ISHARES ETHEREUM TRUST（ETHA）ETF的ETF股票。

The amendment, filed on August 28, modifies a previous S-1 registration and pertains to the proposed ETHA ETF. The amendment seeks to introduce an in-kind mechanism, allowing authorized participants to exchange ETF shares directly for Ethereum (ETH).

該修正案於8月28日提交，修改了先前的S-1註冊，並與擬議的Etha ETF有關。該修正案旨在引入實物機制，使授權參與者可以直接將ETF股份交換為以太坊（ETH）。

This direct exchange would bypass the need for cash transactions, which are currently used for creating or redeeming ETF shares. The amendment highlights the intent to enhance tax efficiency, reduce trading costs, and improve liquidity.

這種直接交換將繞過現金交易的需求，這些交易目前用於創建或兌換ETF股票。該修正案強調了提高稅收效率，降低交易成本並提高流動性的目的。

Direct ETH Transactions for Tax Efficiency and Low Trading Costs

直接用於稅收效率和低交易成本的ETH交易

The proposed in-kind process aims to defer capital gains taxes and reduce trading costs. It also focuses on tracking the underlying asset’s market price efficiently.

擬議的實物進程旨在推遲資本利得稅並降低交易成本。它還專注於有效地跟踪基本資產的市場價格。

The ETHA ETF, set to track the performance of ETH, is currently structured for cash-based creation and redemption of ETF shares. This involves authorized participants buying or selling ETH in the market to facilitate ETF share creation or redemption.

ETHA ETF旨在跟踪ETH的性能，目前旨在基於現金的創建和贖回ETF股票。這涉及授權的參與者在市場上買賣ETH，以促進ETF共享或贖回。

The proposed in-kind model permits authorized participants to create or redeem ETF shares by exchanging them for ETH. This direct transaction streamlines operations and potentially offers cost benefits.

擬議的實物模型允許授權參與者通過將ETF換成ETH來創建或兌換ETF。此直接交易簡化了運營，並有可能提供成本優勢。

The SEC’s approval of this in-kind mechanism for crypto ETFs is pending. If granted, it would mark a significant shift in ETF operations involving cryptocurrencies.

SEC對這種加密ETF的實用機制的批准正在等待。如果被授予，這將標誌著涉及加密貨幣的ETF操作發生重大轉變。

Earlier this week, reports revealed that BlackRock had acquired approximately 7,976 ETH, valued at around $18.9 million, at an average price of $2,370.

本週早些時候，報導顯示，貝萊德（Blackrock）收購了約7,976 ETH，價值約1890萬美元，平均價格為2,370美元。

This addition brings BlackRock’s total Ethereum holdings to over 1 million ETH, valued at approximately $2.9 billion, considering the current market price of around $2,880 for ETH.

考慮到當前的ETH的當前市場價格約為2,880美元，這一補充將BlackRock的總以太坊持有量達到了100萬美元，價值約為29億美元。

Additionally, investment firm SEB Varde, in partnership with BENCHMARK, has launched the world’s first fully-collateralized tokenized multi-asset credit fund on the Ethereum blockchain.

此外，投資公司Seb Varde與Benchmark合作，已經啟動了世界上第一個在以太坊區塊鏈上全面化的令牌化多資產信貸基金。

The fund, named SEB Varde Multi-Asset Credit Fund, is designed to provide investors with broad exposure to investment grade private credit across multiple asset classes and geographies.

該基金名為SEB Varde Multi-Asset信用基金，旨在為投資者提供廣泛的投資級私人信貸，跨多個資產類別和地理位置。

The fund is also fully collateralized, meaning that each token is backed by a corresponding asset in the fund’s portfolio. This provides investors with an additional layer of protection and transparency.

該基金也已完全抵押，這意味著每個代幣都由基金投資組合中的相應資產支持。這為投資者提供了額外的保護和透明度。