以太坊因美国 ETF 获批而飙升

以太坊的飙升是在人们对该代币潜在的美国交易所交易基金 (ETF) 的猜测之后，继续其年初至今 62% 的令人印象深刻的涨幅。尽管美国证券交易委员会不愿批准比特币 ETF，但这些产品的成功引发了以太坊 ETF 获得类似批准的希望，贝莱德和富达等投资巨头表现出了兴趣。然而，美国证券交易委员会对代币作为未注册证券的怀疑以及以太坊现货和期货价格之间的弱相关性可能会给以太坊 ETF 的批准带来挑战。

Ether Skyrockets on Anticipation of US ETF Approval

预期美国 ETF 获批，以太币暴涨

In a remarkable surge that has outshone its rival Bitcoin, Ether, the second-largest cryptocurrency, has propelled forward with an impressive jump, its largest in over a month. This upward trajectory has been fueled by mounting speculation and anticipation surrounding the potential approval of US exchange-traded funds (ETFs) for the digital asset.

第二大加密货币以太币的大幅上涨超越了其竞争对手比特币，其涨幅令人印象深刻，创下一个多月来的最大涨幅。围绕美国交易所交易基金（ETF）可能批准数字资产的猜测和预期不断增加，推动了这种上升趋势。

As of Tuesday morning in Singapore, Ether was trading at approximately $3,710, buoyed by an 8.5% rally from US trading hours. Its year-to-date gains have reached an impressive 62%, inching closer to Bitcoin's 68% increase.

截至周二上午，在新加坡，以太坊交易价格约为 3,710 美元，受到美国交易时段 8.5% 上涨的提振。其今年迄今的涨幅已达到令人印象深刻的 62%，接近比特币 68% 的涨幅。

"There have been whispers of Ether ETF issuers engaging in discussions with the US Securities and Exchange Commission (SEC)," remarked Edward Chin, co-founder of digital-asset hedge fund Parataxis Capital.

数字资产对冲基金 Parataxis Capital 联合创始人 Edward Chin 表示：“有传言称 ETH ETF 发行人正在与美国证券交易委员会 (SEC) 进行讨论。”

The SEC, known for its skepticism towards digital assets, reluctantly approved US spot-Bitcoin ETFs in January, a decision influenced by a court reversal the previous year. The launch of these products has been met with resounding success, amassing a staggering $59 billion in assets since their inception, marking one of the most auspicious debuts in the history of fund categories. This surge contributed significantly to Bitcoin's ascent to a record high in mid-March.

以对数字资产持怀疑态度而闻名的美国证券交易委员会 (SEC) 在 1 月份不情愿地批准了美国现货比特币 ETF，这一决定受到去年法院推翻的影响。这些产品的推出取得了巨大成功，自推出以来积累了惊人的 590 亿美元资产，成为基金类别历史上最吉祥的首次亮相之一。这次飙升对比特币在三月中旬升至历史新高做出了重大贡献。

The possibility of Ether ETFs, which would directly hold the token, has ignited excitement among traders who anticipate a further rally if approved by the SEC. Investment giants BlackRock Inc. and Fidelity Investments have submitted applications to launch such funds, but the regulatory landscape remains uncertain.

直接持有以太币的 ETF 的可能性激起了交易员的兴奋，他们预计如果获得 SEC 批准，以太币 ETF 将会进一步上涨。投资巨头贝莱德(BlackRock Inc.)和富达投资(Fidelity Investments)已提交推出此类基金的申请，但监管环境仍存在不确定性。

While Bitcoin has been acknowledged as a commodity by the SEC, the agency contends that most other tokens, including Ether, fall under the classification of unregistered securities. This stance implies that the digital asset sector is rife with non-compliance. Explicit designation of Ether as an unregistered security would pose significant obstacles to the rollout of ETFs.

虽然比特币已被 SEC 承认为商品，但该机构认为，包括以太币在内的大多数其他代币都属于未注册证券的类别。这一立场意味着数字资产行业充斥着违规行为。明确指定以太币为未注册证券将对 ETF 的推出构成重大障碍。

The approval of spot-Bitcoin portfolios by the SEC was contingent on the strong correlation between CME Bitcoin futures and the price movements of Bitcoin itself, a factor deemed sufficient to deter fraud and manipulation.

美国证券交易委员会批准现货比特币投资组合取决于芝商所比特币期货与比特币本身价格走势之间的强相关性，这一因素被认为足以阻止欺诈和操纵。

However, Bloomberg Intelligence ETF analysts James Seyffart and Eric Balchunas, in a late-March note, assigned a 75% probability to the SEC rejecting Ether ETF applications by May. They reasoned that the SEC may rely on data "showing relatively weak correlations between spot and futures markets."

然而，Bloomberg Intelligence ETF 分析师 James Seyffart 和 Eric Balchunas 在 3 月下旬的一份报告中指出，SEC 在 5 月份之前拒绝 Ether ETF 申请的可能性为 75%。他们推断，美国证券交易委员会可能会依赖“显示现货和期货市场之间相关性相对较弱”的数据。

The SEC has not yet responded to a request for comment regarding any discussions between the agency and potential issuers over Ether ETF applications. This request was made outside of regular business hours.

美国证券交易委员会尚未回应就该机构与潜在发行人就以太坊 ETF 申请进行的任何讨论发表评论的请求。该请求是在正常工作时间之外提出的。

Despite the uncertain regulatory outlook, the anticipation of Ether ETFs has fueled a surge in optimism within the cryptocurrency community. Traders are eagerly awaiting the SEC's decision, hopeful that the path will be cleared for the introduction of Ether ETFs, potentially unlocking a new wave of investment and propelling Ether to even greater heights.

尽管监管前景不明朗，但对以太坊 ETF 的预期推动了加密货币社区的乐观情绪高涨。交易员们正在热切等待美国证券交易委员会的决定，希望能为以太坊 ETF 的推出扫清道路，从而有可能开启新一轮投资浪潮，并将以太币推向更高的高度。