Fidelity是幾位主要資產經理之一，這些經理允許在其現貨比特幣和以太坊交換資金（ETFS）中進行實物贖回。
The U.S. Securities and Exchange Commission (SEC) has postponed its verdict on Fidelity’s proposals to offer in-kind redemptions for both Bitcoin and Ethereum exchange-traded funds (ETFs).
美國證券交易委員會（SEC）已推遲其對富達的提議，要求對比特幣和以太坊交換資金（ETFS）提供實物兌換。
The regulator is currently considering several applications for spot cryptocurrency ETFs from major asset managers, including proposals for new features that could enhance the efficiency and operation of the ETFs.
該監管機構目前正在考慮主要資產管理人員的幾個應用程序ETF的應用程序，包括有關可以提高ETF效率和運行的新功能的建議。
Among the pending proposals are requests for in-kind redemption to be included in the ETFs. These mechanisms, which are commonly used in traditional ETFs, allow authorized participants to exchange ETF shares directly for the underlying crypto assets, instead of cash, further reducing trading costs and potential tax implications.
在待處理的建議中，要求將內在贖回包括在ETF中。這些機制通常在傳統ETF中使用，允許授權參與者直接將ETF股份用於基礎加密資產，而不是現金，進一步降低交易成本和潛在的稅收影響。
While the SEC recently approved a similar request from BlackRock for its spot Ethereum ETF, it has decided to defer Fidelity’s proposals for both Bitcoin and Ethereum ETFs, without providing a timeframe for when a final decision might be made.
儘管SEC最近批准了BlackRock的類似請求，但它已決定推遲Fidelity對比特幣和以太坊ETF的建議，而沒有為何時做出最終決定的時間範圍。
The agency is yet to rule on several other proposals for in-kind redemptions, which were submitted earlier this year. In April, the SEC also postponed rulings on in-kind redemption proposals from WisdomTree for its Bitcoin Fund (BTCW) and Ethereum Fund (ETHW), as well as VanEck’s Bitcoin Fund (BITB).
該機構尚未就今年早些時候提交的其他幾項實物贖回提案進行裁決。 4月，SEC還推遲了有關其比特幣基金（BTCW）和以太坊基金（ETHW）以及Vaneck的比特幣基金會（BITB）的WisdomTree內外贖回提案的裁決。
