隨著 SEC 和發行人敲定細節，以太 ETF 即將獲得批准

美國證券交易委員會 (SEC) 即將在 2024 年 7 月 4 日之前做出批准現貨以太坊 ETF 申請的決定。

(March 28): The US Securities and Exchange Commission (SEC) is nearing a decision on approving spot ether ETF applications by July 4, 2024, according to people familiar with the matter.

（3 月 28 日）：據知情人士透露，美國證券交易委員會（SEC）即將在 2024 年 7 月 4 日之前做出批准現貨以太坊 ETF 申請的決定。

Eight prominent asset managers, including BlackRock Inc (BLK) and Grayscale Investments LLC, are seeking SEC approval for these funds, which would mark the next milestone in the asset class's regulatory journey following the launch of bitcoin ETFs earlier this year, Reuters reported.

根據路透社報道，包括BlackRock Inc (BLK) 和Grayscale Investments LLC 在內的八家知名資產管理公司正在尋求SEC 批准這些基金，這將標誌著繼今年早些時候推出比特幣ETF 後該資產類別監管之旅的下一個里程碑。

Grayscale, the world's largest digital asset manager, is again seeking to convert an existing trust into an ETF. Executives from two firms told Reuters that finalizing the ETF offering documents is almost complete, with only minor issues left to resolve before launch.

全球最大的數位資產管理公司 Grayscale 再次尋求將現有信託轉換為 ETF。兩家公司的高層告訴路透社，ETF 發行文件的敲定工作已基本完成，只剩下一些小問題需要在推出前解決。

Ether ETF Approval Nears as SEC and Issuers Finalize Details

隨著 SEC 和發行人敲定細節，以太 ETF 即將獲得批准

Approval for ether ETFs is expected within “a week or two,” according to a lawyer working closely with one of the issuers, who spoke anonymously. The Securities and Exchange Commission (SEC) is finalizing the launch timeline based on how quickly issuers address regulatory queries, as SEC Chairman Gary Gensler highlighted in recent statements.

一位與發行人密切合作的匿名律師表示，以太坊 ETF 預計將在「一兩週內」獲得批准。正如 SEC 主席加里·根斯勒 (Gary Gensler) 在最近的聲明中所強調的那樣，美國證券交易委員會 (SEC) 正在根據發行人解決監管詢問的速度來最終確定發行時間表。

After being delayed for years, ETFs tracking the spot price of bitcoin saw a successful launch in January, amassing about $8 billion in assets, according to Morningstar Direct. As of late June, these bitcoin ETFs held a combined total of nearly $38 billion. Grayscale Bitcoin Trust saw its assets decrease to $17.8 billion after converting to an ETF.

根據 Morningstar Direct 的數據，追蹤比特幣現貨價格的 ETF 在被推遲多年後於 1 月成功推出，累積了約 80 億美元的資產。截至 6 月底，這些比特幣 ETF 的總持有量接近 380 億美元。轉換為 ETF 後，灰階比特幣信託的資產減少至 178 億美元。

Analysts caution that the impact of new ether ETF offerings may be less significant compared to bitcoin, citing disparities in market size and trading volumes. Notably, ether has faced an 11.1% price decline recently, following a 9.8% drop in bitcoin, which tends to influence ether's market movements in the absence of unique price drivers.

分析師警告稱，與比特幣相比，新的以太坊 ETF 產品的影響可能不那麼顯著，因為市場規模和交易量存在差異。值得注意的是，繼比特幣下跌 9.8% 之後，以太幣最近價格下跌了 11.1%，在缺乏獨特價格驅動因素的情況下，這往往會影響以太坊的市場趨勢。

James Butterfill from Coinshares and Bryan Armour from Morningstar anticipate more restrained investor interest in ether ETFs than their bitcoin counterparts, primarily due to these market dynamics.

Coinshares 的 James Butterfill 和 Morningstar 的 Bryan Armor 預計，與比特幣 ETF 相比，投資者對以太 ETF 的興趣更為有限，這主要是由於這些市場動態。

Ethereum Notes Longest Inflationary Period

以太坊票據最長通膨期

Since completing its proof-of-stake (PoS) transition in September 2022, Ethereum has encountered an inflationary phase, adding more than 112,000 ether to the network's supply since mid-April. This marks the longest period of ether inflation since the network shifted to a block subsidy model in 2015.

自 2022 年 9 月完成股權證明 (PoS) 過渡以來，以太坊經歷了通貨膨脹階段，自 4 月中旬以來，網路供應量增加了超過 112,000 個以太幣。這標誌著自 2015 年網路轉向區塊補貼模式以來最長的以太坊通膨期。

Concurrently, gas fees on the Ethereum network have dropped to their lowest levels over four years, hitting 1.9 gwei on June 22. Increased competition for block space is driving down transaction costs, making the network more accessible.

與此同時，以太坊網路的 Gas 費用已降至四年來的最低水平，於 6 月 22 日達到 1.9 gwei。

In related news, the Securities and Futures Commission (SFC) in Hong Kong is engaged in discussions with ether ETF issuers regarding the inclusion of ether staking features in these products, according to two sources with direct knowledge of the matter.

在相關新聞中，據兩位直接了解此事的消息人士透露，香港證券及期貨事務監察委員會（證監會）正在與以太坊 ETF 發行人就在這些產品中納入以太坊質押功能進行討論。