美国证券交易委员会批准了几只现货以太坊 ETF，这是加密货币领域商品化和金融化的重要一步

SEC现已正式批准了多只现货以太坊ETF，包括Grayscale以太坊信托、Bitwise以太坊ETF、iShares以太坊信托、VanEck以太坊信托、ARK 21Shares以太坊ETF、Invesco Galaxy以太坊ETF、Fidelity以太坊基金，富兰克林以太坊 ETF。

The US Securities and Exchange Commission (SEC) has approved several spot Ethereum ETFs, marking a significant step in the mainstream adoption and financialization of the crypto sector.

美国证券交易委员会 (SEC) 批准了数只现货以太坊 ETF，标志着加密行业的主流采用和金融化迈出了重要一步。

Nasdaq, CBOE, and the New York Stock Exchange (NYSE) had filed applications to list these ETFs, and the SEC had previously requested them to amend these applications. This move hinted at the regulator's impending approval of the investment vehicles.

纳斯达克、芝加哥期权交易所和纽约证券交易所（NYSE）已提交了这些 ETF 上市的申请，美国证券交易委员会此前已要求他们修改这些申请。此举暗示监管机构即将批准投资工具。

Now, several spot Ethereum ETFs have been formally approved by the SEC. These include the Grayscale Ethereum Trust, Bitwise Ethereum ETF, iShares Ethereum Trust, VanEck Ethereum Trust, ARK 21Shares Ethereum ETF, Invesco Galaxy Ethereum ETF, Fidelity Ethereum Fund, and Franklin Ethereum ETF.

目前，已有多只现货以太坊ETF获得美国证券交易委员会（SEC）的正式批准。其中包括 Grayscale 以太坊信托、Bitwise 以太坊 ETF、iShares 以太坊信托、VanEck 以太坊信托、ARK 21Shares 以太坊 ETF、Invesco Galaxy 以太坊 ETF、Fidelity 以太坊基金和 Franklin 以太坊 ETF。

no staking

没有质押

However, it's important to note that none of the approved ETFs will allow for staking on the Ethereum network. As a reminder, in Ethereum's Proof-of-Stake transaction authentication mechanism, validators can lock up (stake) specific Ether balances in specialized nodes to win the chance to authenticate a particular batch of transactions and receive the transaction fee as a reward.

然而，值得注意的是，所有获批准的 ETF 都不允许在以太坊网络上进行质押。提醒一下，在以太坊的权益证明交易认证机制中，验证者可以在专门的节点中锁定（质押）特定的以太币余额，以获得认证特定批次交易并获得交易费作为奖励的机会。

This limitation will reduce the yields of spot Ethereum ETFs compared to staking, but it appears to be a necessary opportunity cost to ensure sufficient liquidity for smooth fund operations. This is especially crucial considering Ethereum's standard exit queue, which limits the number of stakers who can exit on a given day.

与质押相比，这一限制将降低现货以太坊 ETF 的收益率，但这似乎是确保资金顺利运营所需的足够流动性的必要机会成本。考虑到以太坊的标准退出队列，这一点尤其重要，该队列限制了在特定日期可以退出的质押者数量。

Today's approval of spot Ethereum ETFs comes amid a broader heating up of crypto regulation on Capitol Hill. On May 22, the US House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21), which aims to grant digital assets a commodity status under the regulatory oversight of the Commodity Futures Trading Commission (CFTC) if their associated blockchains or digital ledgers are "functional and decentralized." According to the bill, a digital asset is considered sufficiently decentralized if "no person has unilateral authority to control the blockchain or its usage, and no issuer or affiliated person has control of 20% or more of the digital asset or the voting power of the digital asset."

今天以太坊 ETF 现货获得批准之际，国会山的加密货币监管正在全面升温。 5 月 22 日，美国众议院通过了《21 世纪金融创新和技术法案》（FIT21），该法案旨在赋予数字资产在商品期货交易委员会（CFTC）监管下的商品地位，前提是其相关区块链或数字分类账是“功能性且去中心化的”。根据该法案，如果“没有人拥有单方面权力来控制区块链或其使用，并且没有发行人或关联人控制该数字资产的 20% 或以上或该数字资产的投票权，则该数字资产被认为是充分去中心化的”。数字资产。”

After initially threatening to veto the bill, US President Biden opted to issue a statement highlighting potential issues with the bill. Meanwhile, SEC Chair Gary Gensler, who stands to lose a significant portion of his agency's authority over the crypto sphere if FIT21 is enacted, also issued a strongly worded statement, arguing that the bill would create "regulatory gaps and undermine decades of precedent regarding the oversight of investment contracts, putting investors and capital markets at immeasurable risk."

在最初威胁要否决该法案后，美国总统拜登选择发表声明，强调该法案的潜在问题。与此同时，如果 FIT21 颁布，美国证券交易委员会 (SEC) 主席加里·詹斯勒 (Gary Gensler) 也将失去其机构在加密货币领域的很大一部分权威，他也发表了一份措辞强硬的声明，认为该法案将造成“监管空白，并破坏数十年来有关加密货币领域的先例”。对投资合同的监督，使投资者和资本市场面临不可估量的风险。”