贝莱德文件以实现现代创建和赎回以太坊信托（ETHA）共享

贝莱德（Blackrock

Investment firm BlackRock has filed an amendment with the Securities and Exchange Commission (SEC) to enable in-kind creation and redemption of ETF shares for its iShares Ethereum Trust (ETHA) ETF.

投资公司BlackRock已向美国证券交易委员会（SEC）提起了一项修正案，以实现其实物创建和赎回其ISHARES ETHEREUM TRUST（ETHA）ETF的ETF股票。

The amendment, filed on August 28, modifies a previous S-1 registration and pertains to the proposed ETHA ETF. The amendment seeks to introduce an in-kind mechanism, allowing authorized participants to exchange ETF shares directly for Ethereum (ETH).

该修正案于8月28日提交，修改了先前的S-1注册，并与拟议的Etha ETF有关。该修正案旨在引入实物机制，使授权参与者可以直接将ETF股份交换为以太坊（ETH）。

This direct exchange would bypass the need for cash transactions, which are currently used for creating or redeeming ETF shares. The amendment highlights the intent to enhance tax efficiency, reduce trading costs, and improve liquidity.

这种直接交换将绕过现金交易的需求，这些交易目前用于创建或兑换ETF股票。该修正案强调了提高税收效率，降低交易成本并提高流动性的目的。

Direct ETH Transactions for Tax Efficiency and Low Trading Costs

直接用于税收效率和低交易成本的ETH交易

The proposed in-kind process aims to defer capital gains taxes and reduce trading costs. It also focuses on tracking the underlying asset’s market price efficiently.

拟议的实物进程旨在推迟资本利得税并降低交易成本。它还专注于有效地跟踪基本资产的市场价格。

The ETHA ETF, set to track the performance of ETH, is currently structured for cash-based creation and redemption of ETF shares. This involves authorized participants buying or selling ETH in the market to facilitate ETF share creation or redemption.

ETHA ETF旨在跟踪ETH的性能，目前旨在基于现金的创建和赎回ETF股票。这涉及授权的参与者在市场上买卖ETH，以促进ETF共享或赎回。

The proposed in-kind model permits authorized participants to create or redeem ETF shares by exchanging them for ETH. This direct transaction streamlines operations and potentially offers cost benefits.

拟议的实物模型允许授权参与者通过将ETF换成ETH来创建或兑换ETF。此直接交易简化了运营，并有可能提供成本优势。

The SEC’s approval of this in-kind mechanism for crypto ETFs is pending. If granted, it would mark a significant shift in ETF operations involving cryptocurrencies.

SEC对这种加密ETF的实用机制的批准正在等待。如果被授予，这将标志着涉及加密货币的ETF操作发生重大转变。

Earlier this week, reports revealed that BlackRock had acquired approximately 7,976 ETH, valued at around $18.9 million, at an average price of $2,370.

本周早些时候，报道显示，贝莱德（Blackrock）收购了约7,976 ETH，价值约1890万美元，平均价格为2,370美元。

This addition brings BlackRock’s total Ethereum holdings to over 1 million ETH, valued at approximately $2.9 billion, considering the current market price of around $2,880 for ETH.

考虑到当前的ETH的当前市场价格约为2,880美元，这一补充将BlackRock的总以太坊持有量达到了100万美元，价值约为29亿美元。

Additionally, investment firm SEB Varde, in partnership with BENCHMARK, has launched the world’s first fully-collateralized tokenized multi-asset credit fund on the Ethereum blockchain.

此外，投资公司Seb Varde与Benchmark合作，已经启动了世界上第一个在以太坊区块链上全面化的令牌化多资产信贷基金。

The fund, named SEB Varde Multi-Asset Credit Fund, is designed to provide investors with broad exposure to investment grade private credit across multiple asset classes and geographies.

该基金名为SEB Varde Multi-Asset信用基金，旨在为投资者提供广泛的投资级私人信贷，跨多个资产类别和地理位置。

The fund is also fully collateralized, meaning that each token is backed by a corresponding asset in the fund’s portfolio. This provides investors with an additional layer of protection and transparency.

该基金也已完全抵押，这意味着每个代币都由基金投资组合中的相应资产支持。这为投资者提供了额外的保护和透明度。