隨著 SEC 工作人員和以太坊 ETF 發行人結束 S-1 表格討論，以太坊 ETF 審批流程開始

美國證券交易委員會（SEC）已啟動備受期待的以太坊交易所交易基金（ETF）的審批程序

The United States Securities and Exchange Commission (SEC) has begun the approval process for Ethereum exchange-traded funds (ETFs). Discussions between potential issuers of Ether ETF and the regulatory body are currently taking place.

美國證券交易委員會（SEC）已開始以太坊交易所交易基金（ETF）的核准程序。以太坊 ETF 的潛在發行人與監管機構之間目前正在進行討論。

The discussions started on Monday (May 22) and have led crypto enthusiasts to anticipate an imminent approval. However, deeper analysis of the matter suggests that the approval process might take a while longer.

討論於週一（5 月 22 日）開始，加密貨幣愛好者預計即將獲得批准。然而，對此事的更深入分析表明，批准過程可能需要更長的時間。

Journalist Eleanor Terrett noted that discussions between SEC staff and Ether ETF issuers about the S-1 forms concluded with the understanding that there was still some work to be done.

記者 Eleanor Terrett 指出，SEC 工作人員和 Ether ETF 發行人之間關於 S-1 表格的討論得出的結論是，仍有一些工作要做。

S-1 forms are registration statements that companies have to file with the SEC. They include detailed information about the company and the securities they intend to offer. On the other hand, 19b-4 forms are regulatory filings issued to the SEC for approval.

S-1 表格是公司必須向 SEC 提交的註冊聲明。它們包括有關公司及其打算發行的證券的詳細資訊。另一方面，19b-4 表格是向 SEC 提交審批的監管文件。

These filings are used by self-regulatory organizations like stock exchanges or trading platforms like crypto exchanges to propose new rules or change existing ones.

這些文件被證券交易所等自律組織或加密貨幣交易所等交易平台用來提出新規則或更改現有規則。

Terret gave her own explanation of the ongoing events while also quoting ETF experts’ opinions on the matter.

Terret 對正在發生的事件給出了自己的解釋，同時也引用了 ETF 專家對此事的看法。

Assuming that the SEC approves the 19b-4 forms on May 23, Terrett speculated that the SEC might work with Ether ETF issuers “on S-1’s over the next few weeks/months.”

假設 SEC 於 5 月 23 日批准 19b-4 表格，Terrett 推測 SEC 可能會與 Ether ETF 發行人「在未來幾週/幾個月內就 S-1 進行合作」。

Other analysts and crypto experts gave their own assessment of the situation, speculating on when the US SEC is likely to give a verdict on the Ethereum ETF approval.

其他分析師和加密貨幣專家對情況做出了自己的評估，猜測美國 SEC 何時可能會對以太坊 ETF 批准做出裁決。

Eric Balchunas, a Senior ETF Analyst at Bloomberg, expects the SEC to issue an announcement on May 23. It mirrors the same time the SEC approved Bitcoin ETF.

彭博社資深 ETF 分析師 Eric Balchunas 預計 SEC 將於 5 月 23 日發佈公告。

“My best guess is we hear from the SEC around 4 pm tomorrow. For spot btc they dropped it at 3:45 pm, some others in the past were slightly after 4 pm. Anything poss tho. Eric said.

「我最好的猜測是明天下午 4 點左右我們會收到 SEC 的消息。對於現貨 BTC，他們在下午 3:45 放棄，過去有一些是在下午 4 點以後。任何事情都可以。埃里克說。

This ongoing development follows the approval of a crypto bill in the US House of Representatives on Monday (May 22). The bill passed with 208 Republicans and 71 Democrats in favor to 136 against.

這項持續發展是在美國眾議院於週一（5 月 22 日）批准一項加密貨幣法案之後進行的。該法案以 208 名共和黨人和 71 名民主黨人贊成，136 人反對獲得通過。

Consensys CEO Joseph Lubin recently weighed in on the discussion, giving his own assessment in anticipation of the potential looming Ether ETF approvals.

Consensys 執行長 Joseph Lubin 最近也參與了討論，並針對即將到來的以太 ETF 批准做出了自己的評估。

He explained to CoinTelegraph that the Ethereum ETFs in the United States were as good as done from his perspective. According to Lubin, the 19b-4 applications filed by high-profile firms like BlackRock would be approved.

他向 CoinTelegraph 解釋說，從他的角度來看，美國的以太坊 ETF 已經做得很好了。 Lubin 表示，貝萊德等知名公司提交的 19b-4 申請將獲得批准。

However, the process behind the S-1 files could delay the approval process, dragging on for a while. He also explained that the US SEC under Gary Gensler is under a lot of pressure to maintain a neutral stance on the cryptocurrency industry as the US presidential elections draw close.

然而，S-1 文件背後的流程可能會延遲審批流程，拖延一段時間。他還解釋說，隨著美國總統選舉的臨近，加里·詹斯勒 (Gary Gensler) 領導下的美國證券交易委員會面臨著巨大的壓力，需要對加密貨幣行業保持中立立場。