以太坊因美國 ETF 獲準而飆升

以太坊的飆升是在人們對該代幣潛在的美國交易所交易基金 (ETF) 的猜測之後，繼續其年初至今 62% 的令人印象深刻的漲幅。儘管美國證券交易委員會不願批准比特幣 ETF，但這些產品的成功引發了以太坊 ETF 獲得類似批准的希望，貝萊德和富達等投資巨頭表現出了興趣。然而，美國證券交易委員會對代幣作為未註冊證券的懷疑以及以太坊現貨和期貨價格之間的弱相關性可能會給以太坊 ETF 的批准帶來挑戰。

Ether Skyrockets on Anticipation of US ETF Approval

預期美國 ETF 獲批，以太幣暴漲

In a remarkable surge that has outshone its rival Bitcoin, Ether, the second-largest cryptocurrency, has propelled forward with an impressive jump, its largest in over a month. This upward trajectory has been fueled by mounting speculation and anticipation surrounding the potential approval of US exchange-traded funds (ETFs) for the digital asset.

第二大加密貨幣以太幣的大幅上漲超越了其競爭對手比特幣，其漲幅令人印象深刻，創下一個多月來的最大漲幅。圍繞美國交易所交易基金（ETF）可能批准數位資產的猜測和預期不斷增加，推動了這種上升趨勢。

As of Tuesday morning in Singapore, Ether was trading at approximately $3,710, buoyed by an 8.5% rally from US trading hours. Its year-to-date gains have reached an impressive 62%, inching closer to Bitcoin's 68% increase.

截至週二上午，在新加坡，以太坊交易價格約為 3,710 美元，受到美國交易時段 8.5% 上漲的提振。其今年迄今的漲幅已達到令人印象深刻的 62%，接近比特幣 68% 的漲幅。

"There have been whispers of Ether ETF issuers engaging in discussions with the US Securities and Exchange Commission (SEC)," remarked Edward Chin, co-founder of digital-asset hedge fund Parataxis Capital.

數位資產對沖基金 Parataxis Capital 聯合創始人 Edward Chin 表示：“有傳言稱 ETH ETF 發行人正在與美國證券交易委員會 (SEC) 進行討論。”

The SEC, known for its skepticism towards digital assets, reluctantly approved US spot-Bitcoin ETFs in January, a decision influenced by a court reversal the previous year. The launch of these products has been met with resounding success, amassing a staggering $59 billion in assets since their inception, marking one of the most auspicious debuts in the history of fund categories. This surge contributed significantly to Bitcoin's ascent to a record high in mid-March.

以對數位資產持懷疑態度而聞名的美國證券交易委員會 (SEC) 在 1 月不情願地批准了美國現貨比特幣 ETF，這一決定受到去年法院推翻的影響。這些產品的推出取得了巨大成功，自推出以來積累了驚人的 590 億美元資產，成為基金類別歷史上最吉祥的首次亮相之一。這次飆升對比特幣在三月中旬升至歷史新高做出了重大貢獻。

The possibility of Ether ETFs, which would directly hold the token, has ignited excitement among traders who anticipate a further rally if approved by the SEC. Investment giants BlackRock Inc. and Fidelity Investments have submitted applications to launch such funds, but the regulatory landscape remains uncertain.

直接持有以太幣的 ETF 的可能性激起了交易員的興奮，他們預計如果獲得 SEC 批准，以太幣 ETF 將會進一步上漲。投資巨頭貝萊德(BlackRock Inc.)和富達投資(Fidelity Investments)已提交推出此類基金的申請，但監管環境仍存在不確定性。

While Bitcoin has been acknowledged as a commodity by the SEC, the agency contends that most other tokens, including Ether, fall under the classification of unregistered securities. This stance implies that the digital asset sector is rife with non-compliance. Explicit designation of Ether as an unregistered security would pose significant obstacles to the rollout of ETFs.

雖然比特幣已被 SEC 承認為商品，但該機構認為，包括以太幣在內的大多數其他代幣都屬於未註冊證券的類別。這一立場意味著數位資產產業充斥著違規行為。明確指定以太幣為未註冊證券將對 ETF 的推出構成重大障礙。

The approval of spot-Bitcoin portfolios by the SEC was contingent on the strong correlation between CME Bitcoin futures and the price movements of Bitcoin itself, a factor deemed sufficient to deter fraud and manipulation.

美國證券交易委員會批准現貨比特幣投資組合取決於芝商所比特幣期貨與比特幣本身價格走勢之間的強相關性，這一因素被認為足以阻止欺詐和操縱。

However, Bloomberg Intelligence ETF analysts James Seyffart and Eric Balchunas, in a late-March note, assigned a 75% probability to the SEC rejecting Ether ETF applications by May. They reasoned that the SEC may rely on data "showing relatively weak correlations between spot and futures markets."

然而，Bloomberg Intelligence ETF 分析師 James Seyffart 和 Eric Balchunas 在 3 月下旬的報告中指出，SEC 在 5 月之前拒絕 Ether ETF 申請的可能性為 75%。他們推斷，美國證券交易委員會可能會依賴「顯示現貨和期貨市場之間相關性相對較弱」的數據。

The SEC has not yet responded to a request for comment regarding any discussions between the agency and potential issuers over Ether ETF applications. This request was made outside of regular business hours.

美國證券交易委員會尚未回應就該機構與潛在發行人就以太坊 ETF 申請進行的任何討論發表評論的請求。該請求是在正常工作時間之外提出的。

Despite the uncertain regulatory outlook, the anticipation of Ether ETFs has fueled a surge in optimism within the cryptocurrency community. Traders are eagerly awaiting the SEC's decision, hopeful that the path will be cleared for the introduction of Ether ETFs, potentially unlocking a new wave of investment and propelling Ether to even greater heights.

儘管監管前景不明朗，但對以太坊 ETF 的預期推動了加密貨幣社群的樂觀情緒高漲。交易員們正在熱切等待美國證券交易委員會的決定，希望能為以太坊 ETF 的推出掃清道路，從而有可能開啟新一輪投資浪潮，並將以太幣推向更高的高度。