随着 SEC 和发行人敲定细节，以太 ETF 即将获得批准

美国证券交易委员会 (SEC) 即将在 2024 年 7 月 4 日之前做出批准现货以太坊 ETF 申请的决定。

(March 28): The US Securities and Exchange Commission (SEC) is nearing a decision on approving spot ether ETF applications by July 4, 2024, according to people familiar with the matter.

（3 月 28 日）：据知情人士透露，美国证券交易委员会（SEC）即将在 2024 年 7 月 4 日之前做出批准现货以太坊 ETF 申请的决定。

Eight prominent asset managers, including BlackRock Inc (BLK) and Grayscale Investments LLC, are seeking SEC approval for these funds, which would mark the next milestone in the asset class's regulatory journey following the launch of bitcoin ETFs earlier this year, Reuters reported.

据路透社报道，包括 BlackRock Inc (BLK) 和 Grayscale Investments LLC 在内的八家知名资产管理公司正在寻求 SEC 批准这些基金，这将标志着继今年早些时候推出比特币 ETF 后该资产类别监管之旅的下一个里程碑。

Grayscale, the world's largest digital asset manager, is again seeking to convert an existing trust into an ETF. Executives from two firms told Reuters that finalizing the ETF offering documents is almost complete, with only minor issues left to resolve before launch.

全球最大的数字资产管理公司 Grayscale 再次寻求将现有信托转换为 ETF。两家公司的高管告诉路透社，ETF 发行文件的敲定工作已基本完成，只剩下一些小问题需要在推出前解决。

Ether ETF Approval Nears as SEC and Issuers Finalize Details

随着 SEC 和发行人敲定细节，以太 ETF 即将获得批准

Approval for ether ETFs is expected within “a week or two,” according to a lawyer working closely with one of the issuers, who spoke anonymously. The Securities and Exchange Commission (SEC) is finalizing the launch timeline based on how quickly issuers address regulatory queries, as SEC Chairman Gary Gensler highlighted in recent statements.

一位与发行人密切合作的匿名律师表示，以太坊 ETF 预计将在“一两周内”获得批准。正如 SEC 主席加里·根斯勒 (Gary Gensler) 在最近的声明中所强调的那样，美国证券交易委员会 (SEC) 正在根据发行人解决监管询问的速度来最终确定发行时间表。

After being delayed for years, ETFs tracking the spot price of bitcoin saw a successful launch in January, amassing about $8 billion in assets, according to Morningstar Direct. As of late June, these bitcoin ETFs held a combined total of nearly $38 billion. Grayscale Bitcoin Trust saw its assets decrease to $17.8 billion after converting to an ETF.

根据 Morningstar Direct 的数据，追踪比特币现货价格的 ETF 在被推迟多年后于 1 月份成功推出，积累了约 80 亿美元的资产。截至 6 月底，这些比特币 ETF 的总持有量接近 380 亿美元。转换为 ETF 后，灰度比特币信托的资产减少至 178 亿美元。

Analysts caution that the impact of new ether ETF offerings may be less significant compared to bitcoin, citing disparities in market size and trading volumes. Notably, ether has faced an 11.1% price decline recently, following a 9.8% drop in bitcoin, which tends to influence ether's market movements in the absence of unique price drivers.

分析师警告称，与比特币相比，新的以太坊 ETF 产品的影响可能不那么显着，因为市场规模和交易量存在差异。值得注意的是，继比特币下跌 9.8% 之后，以太坊最近价格下跌了 11.1%，在缺乏独特价格驱动因素的情况下，这往往会影响以太坊的市场走势。

James Butterfill from Coinshares and Bryan Armour from Morningstar anticipate more restrained investor interest in ether ETFs than their bitcoin counterparts, primarily due to these market dynamics.

Coinshares 的 James Butterfill 和 Morningstar 的 Bryan Armor 预计，与比特币 ETF 相比，投资者对以太 ETF 的兴趣更为有限，这主要是由于这些市场动态。

Ethereum Notes Longest Inflationary Period

以太坊票据最长通胀期

Since completing its proof-of-stake (PoS) transition in September 2022, Ethereum has encountered an inflationary phase, adding more than 112,000 ether to the network's supply since mid-April. This marks the longest period of ether inflation since the network shifted to a block subsidy model in 2015.

自 2022 年 9 月完成股权证明 (PoS) 过渡以来，以太坊经历了通货膨胀阶段，自 4 月中旬以来，网络供应量增加了超过 112,000 个以太币。这标志着自 2015 年网络转向区块补贴模式以来最长的以太坊通胀期。

Concurrently, gas fees on the Ethereum network have dropped to their lowest levels over four years, hitting 1.9 gwei on June 22. Increased competition for block space is driving down transaction costs, making the network more accessible.

与此同时，以太坊网络的 Gas 费用已降至四年来的最低水平，于 6 月 22 日达到 1.9 gwei。区块空间竞争的加剧正在压低交易成本，使网络更容易访问。

In related news, the Securities and Futures Commission (SFC) in Hong Kong is engaged in discussions with ether ETF issuers regarding the inclusion of ether staking features in these products, according to two sources with direct knowledge of the matter.

在相关新闻中，据两位直接了解此事的消息人士透露，香港证券及期货事务监察委员会（证监会）正在与以太坊 ETF 发行人就在这些产品中纳入以太坊质押功能进行讨论。