XRP生態系統正在經歷著重要的機構動力

XRP生態系統正經歷著重要的機構勢頭，其中兩個主要的發展定位了令牌和漣漪，該公司將其生態系統帶到了人們的焦點。

The Chicago Mercantile Exchange (CME) has officially launched regulated XRP futures, marking a significant milestone in the cryptocurrency ecosystem.

芝加哥商業交易所（CME）已正式推出了受監管的XRP期貨，標誌著加密貨幣生態系統的重要里程碑。

The new products, unveiled on Monday, are part of CME Group's expanding cryptocurrency offerings. The futures contracts will be cash-settled and priced according to the CME CF XRP-Dollar Reference Rate, a benchmark established at 4:00 p.m. London time each day.

新產品於週一揭幕，是CME集團不斷擴大的加密貨幣產品的一部分。期貨合約將根據CME CF XRP-BORTAR參考率進行現金定價和定價，這是倫敦時間下午4:00建立的基準。

Two sizes of XRP futures will be available:

可以提供兩種尺寸的XRP期貨：

Both instruments are designed for institutional and professional traders, enabling them to hedge risk or take directional positions on XRP's price without holding the underlying asset. This distinguishes them from spot ETFs, which directly track the token's value.

這兩種工具均設計為機構和專業交易者，使他們能夠對沖風險或在XRP的價格上佔據方向頭寸，而無需持有基礎資產。這將它們與Spot ETF區分開，該斑點ETF直接跟踪令牌的價值。

“Interest in XRP has steadily increased among our institutional clients, and more broadly, demand for regulated derivatives products across a wider range of tokens is growing,” said Giovanni Vicioso, CME’s Global Head of Cryptocurrency Products.

CME全球加密貨幣產品負責人Giovanni Vicioso表示：“對XRP的興趣在我們的機構客戶中穩步增長，更廣泛地，對整個代幣的受監管衍生品產品的需求正在增長。”

CME's move may also pave the way for a spot XRP ETF in the U.S., especially with SEC chair Gary Gensler's term nearing its end and the possibility of a new administration rolling in with a more favorable stance.

CME的舉動也可能為在美國的現場XRP ETF鋪平道路，尤其是SEC主席Gary Gensler的任期即將結束，並且有可能以更有利的立場進入新政府。

A recent report by Unchained Capital pointed towards a potential shift in the SEC's stance, highlighting that the agency is currently unable to approve an XRP ETF due to a lack of a "deep, liquid, and verifiable market in the U.S.,' which is a requirement for any ETF approval.

Unchained Capital的最新報告指出，由於缺乏“美國深層，液體和可驗證的市場”，該機構目前無法批准該機構批准XRP ETF，這是對任何ETF批准的要求。

However, with CME launching a regulated XRP futures contract and its associated price reference rate, this requirement might now be met, paving the way for ETF issuers to apply for a spot XRP ETF.

但是，隨著CME啟動了受規範的XRP期貨合約及其相關的價格參考率，現在可以滿足此要求，為ETF發行人申請現場XRP ETF鋪平了道路。

Issuers such as Franklin Templeton, 21Shares, and Bitwise are already positioning themselves for this opportunity.

富蘭克林·鄧普頓（Franklin Templeton），21shares和Bitwise等發行人已經為這個機會定位自己。

Earlier this year, the Issuer Applied for an ETF to Track the Cryptocurrency

今年早些時候，發行人申請了ETF來跟踪加密貨幣

Announced in March, Franklin Templeton is planning to apply for an ETF that will track the price of XRP, pending approval from the Securities and Exchange Commission (SEC). This move follows a series of applications from other companies for Bitcoin and Ethereum ETFs.

富蘭克林·鄧普頓（Franklin Templeton）於3月宣布，計劃申請將跟踪XRP價格的ETF，待得到證券交易委員會（SEC）的批准。此舉遵循其他公司對比特幣和以太坊ETF的一系列應用程序。

Earlier this year, the Issuer Applied for an ETF to Track the Cryptocurrency

今年早些時候，發行人申請了ETF來跟踪加密貨幣

Announced in March, Franklin Templeton is planning to apply for an ETF that will be tracking the price of XRP, pending approval from the Securities and Exchange Commission (SEC). This move follows a series of applications from other companies for Bitcoin and Ethereum ETFs.

富蘭克林·鄧普頓（Franklin Templeton）於3月宣布，計劃申請將跟踪XRP價格的ETF，待獲得證券交易委員會（SEC）的批准。此舉遵循其他公司對比特幣和以太坊ETF的一系列應用程序。

"We are working on a filing for an XRP ETF, and we're waiting for the best time to submit the application," said a spokesperson for Franklin Templeton. "We're also in conversations with the SEC about the application process."

富蘭克林·鄧普頓（Franklin Templeton）的發言人說：“我們正在為XRP ETF提交文件，我們正在等待提交申請的最佳時間。” “我們也與SEC談論申請過程。”

The potential launch of an XRP ETF is a significant development in the cryptocurrency industry. It could open up new avenues for institutional investors to gain exposure to the digital asset class.

XRP ETF的潛在推出是加密貨幣行業的重大發展。它可以為機構投資者提供新的途徑，以獲取數字資產類別。

"We think there's a place for both Bitcoin and XRP in a diversified portfolio of digital assets," said the Franklin Templeton spokesperson. "We're committed to providing our clients with innovative investment solutions, and we're excited about the possibilities that lie ahead in the cryptocurrency space."

富蘭克林·鄧普頓（Franklin Templeton）發言人說：“我們認為比特幣和XRP在多元化的數字資產投資組合中都有一個地方。” “我們致力於為客戶提供創新的投資解決方案，我們對加密貨幣領域的可能性感到興奮。”

As the cryptocurrency market continues to grow and evolve, we can expect to see even more interesting and groundbreaking developments in the years to come.

隨著加密貨幣市場的不斷發展和發展，我們可以期望在未來幾年看到更有趣和開創性的發展。

The DEFA will be holding an open comment period until August 18 for feedback on the proposed amendments to the rules.

DEFA將在8月18日之前舉行公開評論期，以便對擬議的規則修正案進行反饋。

"We invite interested parties to submit their comments and help us shape the future of the digital asset industry in a safe and responsible manner," said DEFA officials in a statement.

Defa官員在一份聲明中說：“我們邀請感興趣的方提交他們的評論，並幫助我們以安全有負責任的方式塑造數字資產行業的未來。”

The proposed amendments would also create a new category of "digital asset service providers," which would be subject to less stringent regulation than traditional financial institutions. This category would include companies that provide cryptocurrency exchange services, custodial services, and mining services.

擬議的修正案還將創建一個新類別的“數字資產服務提供商”類別，而與傳統金融機構相比，該類別的嚴格監管要少。此類別將包括提供加密貨幣交換服務，託管服務和採礦服務的公司。

The DEFA said the changes are necessary to keep pace with the rapid innovation in the digital asset space and to ensure that the industry is regulated in a way that balances innovation with investor protection.

DEFA表示，這些變化對於與數字資產空間的快速創新保持同步是必要的，並確保以平衡創新與投資者保護的方式進行監管。

"The digital asset industry is still in its early stages of development, and we need to be mindful of not stifling innovation with overly burdensome regulation," said DEFA Director Greg Gerven. "But at the same time, we have a responsibility to protect investors from fraud and abuse."

DEFA董事Greg Gerven說：“數字資產行業仍處於發展的早期階段，我們需要注意不要以過於繁重的監管來扼殺創新。” “但是與此同時，我們有責任保護投資者免受欺詐和虐待。”

The proposed amendments have been met with mixed reactions from industry stakeholders. Some groups have praised the DEFA for trying to keep pace with the rapidly changing industry, while others have argued that the amendments do not go far enough.

擬議的修正案與行業利益相關者的反應混合了反應。一些團體稱贊Defa試圖與快速變化的行業保持同步，而另一些團體則認為這些修正案還不夠遠。

"We are pleased to see that the DEFA is proposing to amend its rules to take into account the unique characteristics of the digital asset industry," said Paul Atkins, the chair of the SEC. "These amendments are a step in the right direction, but more needs to be done to ensure that the digital asset markets are regulated in a way that balances innovation with investor protection."

SEC主席保羅·阿特金斯（Paul Atkins）表示：“我們很高興看到DEFA提議修改其規則，以考慮數字資產行業的獨特特徵。” “這些修正案是朝著正確方向邁出的一步，但是需要做更多的修正案，以確保數字資產市場的監管方式與投資者的保護相平衡。”

Atkins, a known crypto ally, joined the SEC in June after being appointed by President Trump in 2017 to serve as a

已知的加密裔盟友阿特金斯（Atkins）於2017年被特朗普總統任命為6月加入SEC